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Please Answer Correctly :) At the Bottom are options for fill-ins Condensed financial data of Sunland Company follow. Additional information: 1. New plant assets costing
Please Answer Correctly :) At the Bottom are options for fill-ins
Condensed financial data of Sunland Company follow. Additional information: 1. New plant assets costing $80,900 were purchased for cash during the year. 2. Old plant assets having an original cost of $48,800 and accumulated depreciation of $38,300 were sold for $3,000 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $33,700 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Sunland Company using the direct method. (Show amounts that decrease cash flow with either a sign e.g. 15,000 or in parenthesis e.g. (15,000).) Further analysis reveals that accounts payable pertain to merchandise creditors. w with either a - To Suppliers Redemption of Bonds Decrease in Accounts Receivable Redemption of Common Stock Decrease in Accrued Expenses Payable Decrease in Accounts Payable Sale of Common Stock Decrease in Inventory Increase in Prepaid Expenses Decrease in Prepaid Expenses Sale of Plant Assets Cash Receipts from Customers Purchase of Plant Assets Sale of Investments Payment of Cash Dividends For Interest Purchase of Investments Depreciation Expense Issuance of Bonds Increase in Inventory Increase in Accounts Payable Gain on Sale of Plant Assets For Operating Expenses Increase in Accrued Expenses Payable Increase in Accounts Receivable Loss on Sale of Plant Assets For Income Taxes Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in CashStep by Step Solution
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