Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedPlease 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 balance

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Software Audit Guide

Authors: John W. Helgeson

1st Edition

0873897730, 978-0873897730

More Books

Students also viewed these Accounting questions

Question

=+5.5. Suppose that X has mean m and variance o2.

Answered: 1 week ago