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Please help with the parts I got wrong Statement of Cash Flows Current year cash receipts and disbursements for the Walker Aquarium appear below (in
Please help with the parts I got wrong
Statement of Cash Flows Current year cash receipts and disbursements for the Walker Aquarium appear below (in thousands). 1. Unrestricted cash contributions, $6,000. 2. Collections of documented promises, $65. 3. Cash endowments donor-restricted in perpetuity, $45. 4. Grant received from a private trust, restricted to special programs, $500. $425 is spent on these programs. 5. Cash paid to acquire equipment, $200. 6. Cash invested in securities, $150. Cash received from the sale of securities, $35. 7. Donor-restricted cash accumulated in prior years, spent for programs: $150; spent for equipment, $125. 8. Program, fund-raising and administrative expenses were $5,700; accounts payable increased $40 during the year, and depreciation included in expenses $50. 9. Investment income was $25; included was $5 in unrealized gains. Required Prepare a statement of cash flows for Walker Aquarium, in good form. The beginning cash balance was $120,000, and the direct method is used for cash from operating activities. Use negative signs with any answers that decrease (reduce) cash balanceStep by Step Solution
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