Subject: ACC2341 - Financial Accounting

Compute the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, are $212,500 and $195,500, respectively. Depreciation for the period was $32,300, and purchases of new plant assets were $76,500. Plant assets were sold at a $17.000 gain. What were the cash proceeds of the sale? b. Beginning and ending Retained Eamings are $74.800 and $117,300, respectively. Net income for the period was $103.700, and stock dividends were $17,000. How much were cash dividends? Requirement a. Beginning and ending Plant Assets, Net, are $212,500 and $195,500, respectively. Depreciation for the period was $32,300, and purchases of new plant assets were $78,500. Plant assets were sold at a $17.000 gain. What were the cash proceeds of the sale? Cash proceeds from the sale is $ Requirement b. Beginning and ending Retained Earnings are $74,800 and 5117,300, respectively. Net income for the period was $103,700, and stock dividends were $17,000. How much were cash dividends? Cash dividends are $