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Martha's Suppers earned net income of $78,000, which included depreciation of $15,000. Martha's acquired a $118,000 building by borrowing $118,000 on a long-term note payable.
Martha's Suppers earned net income of $78,000, which included depreciation of $15,000. Martha's acquired a $118,000 building by borrowing $118,000 on a long-term note payable. Requirements 1. How much did Martha's cash balance increase or decrease during the year? 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows. Requirement 1. How much did Martha's cash balance increase or decrease during the year? Complete the following table to calculate Martha's cash balance, and indicate whether this balance represents an increase or a decrease in cash. (Enter a "0" for any item(s) that do not affect cash.) Net income Depreciation Expense Purchase of building with a long-term note in cash Martha's Suppers earned net income of $78,000, which included depreciation of $15,000. Martha's acquired a $118,000 building by borrowing $118,000 on a long-term note payable Requirements 1. How much did Martha's cash balance increase or decrease during the year? 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows. Depreciation Expense Purchase of building with a long-term note in cash Requirement 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows. Were there any non-cash transactions for the company? Show how they would be reported in the statement of cash flows. Roberta McLeary Company expects the following for 2018: Net cash provided by operating activities of $152,000. Net cash provided by financing activities of $61,000. Net cash used for investing activities of $84,000 (no sales of long-term assets). Cash dividends paid to stockholders of $12,000. How much free cash flow does McLeary expect for 2018? Select the labels and enter the amounts to calculate the expected free cash flow for 2018. (Abbreviations used: Cash pmts for planned invest. = Cash payments for planned investments; NCOA = Net cash provided by operating activities; NCFA = Net cash provided by financing activities.) = Free cash flow Choose from any list or enter any number in the innut fields and then continue to the neyt
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