Answered step by step
Verified Expert Solution
Question
1 Approved Answer
More Info anci be in a. Acquisition of plant assets is $122,000. Of this amount, $110,000 is paid in cash and $12,000 by signing a
More Info anci be in a. Acquisition of plant assets is $122,000. Of this amount, $110,000 is paid in cash and $12,000 by signing a note payable. b. Cash receipt from sale of land totals $21,000. There was no gain or loss. Cash receipts from issuance of common stock total $35,000. d. Payment of note payable is $11,000. Payment of dividends is $8,000. f. From the balance sheet: c. e. September 30 2018 2017 Cash $ 38,000 $ 24,000 Accounts Receivable 49,000 Merchandise Inventory 89,000 60,000 87,000 88,000 75,000 Land 67,000 Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) 197,000 (46,000) 40,000 11,000 12,000 45,000 286,000 (24,000) 22,000 22,000 11,000 10,000 245,000 Common Stock, no par Retained Earnings enl Print Done The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement) Click the icon to view the additional data) Prepare Energy Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing and financing activities Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not use not select a label or enter a zero) Energy Plus, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Choose from any list or enter any number in the input fields and then continue to the next question The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement.) Click the icon to view the additional data.) Prepare Energy Plus's statement of cash flows for the year ended September 30, 2018, using the indirect met Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, September 30, 2017 Cash Balance, September 30, 2018 Non-cash Investing and Financing Activities: Choose from any list or enter any number in the input fields and then continue to the next question. Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, September 30, 2017 Cash Balance, September 30, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Choose from any list or enter any number in the input fields and then continue to the next
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started