Question
Preparation of Statement of Cash Flow Components JEM Company's comparative balance sheets for 2016 and 2017 appear below December 31 Assets 2017 2016 Cash $
Preparation of Statement of Cash Flow Components JEM Company's comparative balance sheets for 2016 and 2017 appear below
|
| December 31 |
| Assets | 2017 |
| 2016 |
| Cash | $ 68,000 |
| $ 22,000 |
| Accounts receivable | 82,000 |
| 66,000 |
| Inventory | 170,000 |
| 189,000 |
| Land | 71,000 |
| 110,000 |
| Equipment | 280,000 |
| 200,000 |
| Accumulated depreciationequipment | (74,000) |
| (42,000) |
| Total | $597,000 |
| $545,000 |
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| Liabilities and Stockholders Equity |
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| Accounts payable | $ 34,000 |
| $ 47,000 |
| Bonds payable | 150,000 |
| 200,000 |
| Common stock ($1 par) | 170,000 |
| 164,000 |
| Retained earnings | 243,000 |
| 134,000 |
| Total | $597,000 |
| $545,000 |
Additional information: 1. Net income for 2017 was $155,000; there were no gains or losses. 2. Cash dividends of $46,000 were declared and paid. 3. Depreciation for 2017 is 32,000. Based on the information provided, answer the following: a. What was cash provided by operations? (4 points) b. What was cash provided by investing activity? (3 points) c. How much was cash provided by financing activity? (3 points)
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How To Make Money With Junk Bonds
Authors: Robert Levine
1st Edition
007179381X,0071793828
