Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Statement of Cash Flows Question: Based on the Statement of Cash Flows you prepared on your scratch paper, what is the amount of the Financing

image text in transcribed
image text in transcribed
image text in transcribed
Statement of Cash Flows Question: Based on the Statement of Cash Flows you prepared on your scratch paper, what is the amount of the Financing cash flows? Fill in the blank with your calculated number. DO NOT include commas. $ signs, period, decimal points, etc..just enter the raw number. For example, if you calculated the answer to be $24.123 you would only input: 24123 Income Statement UCF Bicycle Vending Machine Company For Period Ending December 31, 20xx 1.000.000 750.000 250.000 Revenue Cost of goods sold Gross Profit Expenses: Depreciation Expense Sales, General & Administrative Expenses Total Expenses Operating Income Gain on sale of Equipment Net income 25.000 80.000 105.000 145.000 25.000 170.000 Balance Sheet UCF Bicycle Vending Machine Company December 31, 202 Current Year Prior Year Change Assets Current Assets Cash Accounts Receivable Inventory Long-term Assets Equipment Total Assets 175,000 140,000 330,000 50,000 150,000 300,000 125.000 (10,000) 30.000 (50,000) 450.000 1.095,000 500,000 1.000.000 155,000 225.000 25.000 300.000 200.000 50.000 (143.000) 25.000 (25.000) Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Deferred Revenue Warranty Payable Long-term Liabilities Long-term Debr** Stockholders' Equity Common Stock Retained Earning *** Total Liabilities and Stockholders' Equity 300.000 250.000 50.000 150.000 240.000 1.095.000 100.000 100.000 1.000.000 30.000 140,000 550.000 of equipment was sold for cash during the year. **** New $50.000 notes payable was signed in exchange for cash during the year. New stock was issued during the year loi cash in the mount of $30.000. ****Dividends paid during the year equaled $30.000

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

ISE Fundamental Managerial Accounting Concepts

Authors: Thomas P. Edmonds, Christopher Edmonds, Mark A. Edmonds, Philip R. Olds

10th Edition

1265045925, 9781265045920

More Books

Students also viewed these Accounting questions

Question

Discuss how an AC is designed and implemented.

Answered: 1 week ago