Solution-Determine net cash from operating activities

Determine net cash from operating activities

Assignment Help Financial Accounting

Reference no: EM13513385

Use the following balance sheet information and other data to determine net cash from operating activities:

	Dec. 31, 19X1	Dec. 31, 19X2
Accounts Receivable	$ 4,000	$ 7,000
Merchandise Inventory	10,000	8,000
Prepaid Insurance	1,000	700
Accounts Payable	12,000	6,000
Rent Payable	9,000	16,000
Dividends Payable	2,000	2,500
Bonds Payable	50,000	40,000

Other Data:

(1)	Net income	$25,000
(2)	Depreciation expense	5,000
(3)	Amortization of Franchise Fee	3,000
(4)	Amortization of bond premium	900
(5)	Amortization of patent	1,400
(6)	Gain on sale of plant	4,400

Reference no: EM13513385

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Determine net cash from operating activities

Reference no: EM13513385

Reference no: EM13513385

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