Question 36 5 pts Using info below, what is the net cash flow for Fox's 2020 SCFS Financing activities? Income BS Liabs 2020 BS Assets 12/31/2012/31/19 12/31/2012 Stmt & SE $ Accts Sales: $900,000 Cash: $ 12.000 $ 12,000 $ 14.000 Payable: Taxes CGS: (350,000) Accts Rec: 124,000 102,000 8.000 Payable: Gross Divs $550,000 AFS Secs: 70,000 36,000 16,000 Profit: Payable: Op. Wages (240,000) Inventory: 80,000 120,000 16,000 Exp: Payable: Gain - Prepaid Interest 5.000 10.000 8,000 Equip: Rent: Payable: 2,000 Interest Notes 3,000 Land: Rev: 250,000 180.000 120,000 1 Payable: Interest Common (6,000) Equipment: 180,000 260,000 16,000 Exp: Stock: Pre-Tax Accum Additional $312.000 (70,000) (50,000) 160,000 1 NI: Depr: PIC: Income Retained (80,000) Patents: 94,000 100,000 400,000 $ Taxc Earnings: 888 $ 4 % 5 6 & 7 8 9 R T Y U o F G H J K CAP. rayane. . Gain Prepaid Interest 5,000 10,000 8,000 2,000 Equip: Rent: Payable: Interest Notes 3,000 Land: 250,000 180,000 120,000 1 Rev: Payable: Interest Common Exp: 16,000 (6,000) Equipment 180,000 260,000 Stock: Pre-Tax Accum Additional $312.000 NI: (70,000) (50,000) Depr: PIC: 160,000 1 Income Retained (80,000) Patents: 94,000 100,000 Tax: 400,000 3 Earnings: NI: $232,000 Totals: $750,000 $770,000 Totals: $750,000 $7 Notes: 1) The only long-term asset sold in 2020 is Equipment with an $80,000 cost & 30% depreciated when sold. 2) All Depreciation & Amortization Expenses are included in Operating Expense (Op.Exp.) O ($186,000) ($154,000) O $182,000 (5218,000) ($190,000) 888 FN $ % 5 A 6 & 7 00* 9 R T Y U o F G H J Question 36 5 pts Using info below, what is the net cash flow for Fox's 2020 SCFS Financing activities? Income BS Liabs 2020 BS Assets 12/31/2012/31/19 12/31/2012 Stmt & SE $ Accts Sales: $900,000 Cash: $ 12.000 $ 12,000 $ 14.000 Payable: Taxes CGS: (350,000) Accts Rec: 124,000 102,000 8.000 Payable: Gross Divs $550,000 AFS Secs: 70,000 36,000 16,000 Profit: Payable: Op. Wages (240,000) Inventory: 80,000 120,000 16,000 Exp: Payable: Gain - Prepaid Interest 5.000 10.000 8,000 Equip: Rent: Payable: 2,000 Interest Notes 3,000 Land: Rev: 250,000 180.000 120,000 1 Payable: Interest Common (6,000) Equipment: 180,000 260,000 16,000 Exp: Stock: Pre-Tax Accum Additional $312.000 (70,000) (50,000) 160,000 1 NI: Depr: PIC: Income Retained (80,000) Patents: 94,000 100,000 400,000 $ Taxc Earnings: 888 $ 4 % 5 6 & 7 8 9 R T Y U o F G H J K CAP. rayane. . Gain Prepaid Interest 5,000 10,000 8,000 2,000 Equip: Rent: Payable: Interest Notes 3,000 Land: 250,000 180,000 120,000 1 Rev: Payable: Interest Common Exp: 16,000 (6,000) Equipment 180,000 260,000 Stock: Pre-Tax Accum Additional $312.000 NI: (70,000) (50,000) Depr: PIC: 160,000 1 Income Retained (80,000) Patents: 94,000 100,000 Tax: 400,000 3 Earnings: NI: $232,000 Totals: $750,000 $770,000 Totals: $750,000 $7 Notes: 1) The only long-term asset sold in 2020 is Equipment with an $80,000 cost & 30% depreciated when sold. 2) All Depreciation & Amortization Expenses are included in Operating Expense (Op.Exp.) O ($186,000) ($154,000) O $182,000 (5218,000) ($190,000) 888 FN $ % 5 A 6 & 7 00* 9 R T Y U o F G H J
