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Use the information below for ABC Co. to answer the following 11 questions. December 31 Balance Sheet Assets Accounts reccivable Accounts payable Retained carnings Income
Use the information below for ABC Co. to answer the following 11 questions. December 31 Balance Sheet Assets Accounts reccivable Accounts payable Retained carnings Income Statement For the Year Ended December 31, 2005 320,000 120,000 Operating expenses (including Depreciation Expense) Income before Gains and Losses 155,000 t assets Additional information pertaining to ABC Accounts payable pertain to the purchase of inventory. Page 1 of 4 *Plant assets were sold for $40,000. The cost of the plant assets was $40,000. All dividends are cash. For the vear 2005: 51. Cash received/collected from customers is 52. Purchases for the year is: 53. Cash paid to suppliers is: 54. Depreciation expense is: 55. Cash paid for operating expenses is: 56. Cash paid for interest is: 57. Cash paid for income taxes is: 58. Cash provided by/(used in)* operating activities is: 59. Cash provided by (used in)* investing activities is: 60. Cash paid for dividends is: 61. Cash provided by/(used in)* financing activities is: If your answer is cash "used in". you must indicate this by writing your answer in parenthesis. For example, (S10,000) Ifyour answer is cash "provided by" you must write your answer without income statement r A 62. If Rent Expense for the period was $20,000, the Cash paid for Prepaid Rent is
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