Question
Question 5 (20 marks) Fuller Corporation had the following transactions during the current financial reporting period. Net Profit $42,000 Depreciation $44,000 Increase in accounts receivable
Question 5(20 marks)
Fuller Corporation had the following transactions during the current financial reporting period. |
Net Profit | $42,000 | ||
Depreciation | $44,000 | ||
Increase in accounts receivable | $16,600 | ||
Increase in inventories | $32,500 | ||
Decrease in accounts payable | $15,000 | ||
Decrease in income taxes payable | $39,500 | ||
Decrease in wages payable | $18,000 | ||
Proceeds on Sale of Equipment | $53,000 | ||
Repayment of bonds | $59,000 | ||
Issuance of Common shares | $37,000 | ||
Proceeds on sale of land | $57,000 | ||
Loss on sale of land | $7,300 | ||
Payment of dividends | $9,000 | ||
Determine the cashflow for Operating, Investing & Financing activities for the company and the net change in cash. | |||
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