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HELP ME IF U KNOW THE ANSWE I Indicate in which of the principal financial statements each item appears. Balance Sheet Income Statement Statement of
HELP ME IF U KNOW THE ANSWE
I Indicate in which of the principal financial statements each item appears. Balance Sheet Income Statement Statement of Cash Flows Item Accounts payable Accumulated depreciation Net income Common shares outstanding Operating activities Financing activities Gross plant, property and equipment Interest Long-term debt Retained earnings Selling, general and administrative expenses Total current assets Earnings before tax Cost of goods sold Deferred taxes Inventory - decrease increase) Intangible assets Il Consider the next situations: 1. Suppose the Corporation has the following financial results: - Net income of $40,000; Increase in current assets of $5,000; - Increase in current liabilities of $2,000; Sale of $10,000 of plant and equipment; Purchase $20,000 of plant of equipment; Depreciation of $12,000; Repurchase $20,000 of common stock; Dividends on common stock of $2,000. Calculate the Corporation's: a) cash flow from operating activities; b) cash flow from investing activities; c) cash flow from financing activities; d) net cash flowStep by Step Solution
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