What amount would be included on the statement of cash flows

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Assignment

Given only, the following information, answer the questions below. Increases and Decreases represent the change from prior year to current year. (Note to you are not told what the change in cash was for the year.)

Decrease in Accounts Receivable

32,000

Increase in Inventory

5,000

Increase in Property Plant and Equipment

10,000

Increase in Long -Term Investments

50,000

Increase in Long-Term Bonds Payable

120,000

Decrease in Accounts Payable

15,000

Increase in Retained Earnings

127,000

Increase in Common Stock

18,000

Increase in Salaries Payable

12,000

Decrease in Prepaid Expenses

7,000

Increase in Unearned Revenue

11,000

Increase in Accumulated Depreciation

15,000

Decrease in Dividends Payable

3,000

Other Info: Equipment was sold in the current year with original cost of $12,000 and a book value of $8,000 for cash proceeds of $6,000.Assume the increase in Long-Term Investments was the purchase of shares of another company. The company declared a $10,000 cash dividend during the year.

a) What amount would be included on the statement of cash flows under "Cash flows from Operating Activities"? USE THE INDIRECT METHOD TO SOLVE.

b) What amount would be included on the statement of cash flows under "Cash flows from Investing Activities"?

c) What amount would be included on the statement of cash flows under "Cash flows from Financing Activities"?

Reference no: EM131800652

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