Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. net cash flow from financing activities please!!!

net cash flow from financing activities please!!! The following information...

60.1K

Verified Solution

Question

Accounting

net cash flow from financing activities please!!! image
image
The following information relates to the SOS Corporation for the year ending December 31, 2018. Net Income 500,000 Depreciation Expense 60,000 Amortization of Intangible Assets 15,000 Gain on sale of long term assets 5,000 Beginning Accounts Receivable 450,000 Ending Accounts Receivable 430,000 Beginning Inventory 390,000 Ending Inventory 400,000 \begin{tabular}{|c|c|} \hline Beginning Prepaid Expenses & 30,000 \\ \hline Ending Prepaid Expenses & 38,000 \\ \hline Beginning Accounts Payable & 110,000 \\ \hline Ending Accounts Payable & 95,000 \\ \hline Purchase of Long-Term Assets for Cash & 400,000 \\ \hline Cash from Issuance of Long-Term Debt & 125,000 \\ \hline Issuance of Stock for Cash & 80,000 \\ \hline Purchase of Treasury Stock & 48,000 \\ \hline Sale of Long-Term Assets at Cost & 65,000 \\ \hline Cash Dividends & 20,000 \\ \hline \end{tabular}

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students