e https://www.mathod.com Homework aspxthomeworkid 4977760138iquestionld-Secflushed-falsecld-516 ACC211 18212 Financial Accounting dhufr muneeb &12/12 Homework: Chapter 16 Homework core: 0 of 1 pt 16A-28 (similar to) The income statement and additional data of Value Corporation follow EB (Click the icon to view the Income Statement) Prepare Value Corporation's statement of cash flows for the year ended June 30, 2016. Use the drect method (Uhe parontheses or a minus sign for 5 016 ( complete) Hw Score: 37 78%. Quest (Cick the iocon to view the additional data ) box empty, do not select a label or enter a zero.) 5 of 6 (5 complete) Data Table Value Corporation Income Statement Year Ended June 30, 2016 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses $ 231,000 106,000 125,000 Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses $ 40,000 25,000 14,000 79,000 Operating Iricome 46,000 PrintDone Oo 5 of 6 (5 complete) Y More Info a. Collections from customers are $17,000 more than sales b. Dividend revenue, interest expense, and income tax expense equal their cash amounts. c. Payments to suppliers are the sum of cost of goods sold plus advertising expense d. Payments to employees are $2.500 more than salaries expense e. Cash payment for the acquisition of plant assets is $104,000 f. Cash receipts from sale of land total $29,000. g Cash receipts from issuance of common stock total $36,000 h. Payment of long-term notes payable is $11,000. i. Payment of dividends is $10,000 j. Cash balance at June 30, 2015, was $25.000; at June 30, 2016 it was $47 000 Print Done Oo e https://www.mathod.com Homework aspxthomeworkid 4977760138iquestionld-Secflushed-falsecld-516 ACC211 18212 Financial Accounting dhufr muneeb &12/12 Homework: Chapter 16 Homework core: 0 of 1 pt 16A-28 (similar to) The income statement and additional data of Value Corporation follow EB (Click the icon to view the Income Statement) Prepare Value Corporation's statement of cash flows for the year ended June 30, 2016. Use the drect method (Uhe parontheses or a minus sign for 5 016 ( complete) Hw Score: 37 78%. Quest (Cick the iocon to view the additional data ) box empty, do not select a label or enter a zero.) 5 of 6 (5 complete) Data Table Value Corporation Income Statement Year Ended June 30, 2016 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses $ 231,000 106,000 125,000 Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses $ 40,000 25,000 14,000 79,000 Operating Iricome 46,000 PrintDone Oo 5 of 6 (5 complete) Y More Info a. Collections from customers are $17,000 more than sales b. Dividend revenue, interest expense, and income tax expense equal their cash amounts. c. Payments to suppliers are the sum of cost of goods sold plus advertising expense d. Payments to employees are $2.500 more than salaries expense e. Cash payment for the acquisition of plant assets is $104,000 f. Cash receipts from sale of land total $29,000. g Cash receipts from issuance of common stock total $36,000 h. Payment of long-term notes payable is $11,000. i. Payment of dividends is $10,000 j. Cash balance at June 30, 2015, was $25.000; at June 30, 2016 it was $47 000 Print Done Oo
