Examlex

Solved

The Following Information Is Given for Sunny Corporation The Indirect Method Is Used

question 54

Short Answer

The following information is given for Sunny Corporation:
 Net income $40,000 Depreciation expense 6,000 Decrease in accounts receivable 5,000 Increase in supplies on hand 2,000 Sale of common stock 40,000 Purchase of equipment for cash 40,000 Payment of dividends 6,000 Increase in accounts payable 5,000\begin{array} { l r } \text { Net income } & \$ 40,000 \\\text { Depreciation expense } & 6,000 \\\text { Decrease in accounts receivable } & 5,000 \\\text { Increase in supplies on hand } & 2,000 \\\text { Sale of common stock } & 40,000 \\\text { Purchase of equipment for cash } & 40,000 \\\text { Payment of dividends } & 6,000 \\\text { Increase in accounts payable } & 5,000\end{array}
The indirect method is used.The beginning Cash balance is $23,000.
Required:
Answer the following questions with the information provided above.
a)The cash flow from operating activities is ________.
b)The cash flow from investing activities is ________.
c)The cash flow from financing activities is ________.
d)The net change in cash is ________.
e)The ending balance of cash is ________.


Definitions:

Genotype

The genetic constitution of an individual organism, determining inherited traits and often influencing phenotype.

Genetic Counseling

A medical specialty that helps prospective parents determine the probability that their children will inherit genetic defects and chromosomal abnormalities.

Behavioral Genetics

A discipline that investigates how genetics and environmental factors affect behavior.

Obstetrics

A medical specialty focused on care during pregnancy, childbirth, and the postpartum period.

Related Questions