Transcribed Image Text
In: AccountingSelected financial statement information and additional data forRonis Co. is presented below. Use this information...Selected financial statement information and additional data forRonis Co. is presented below. Use this information to answer thenext (3) questions concerning in preparing a statement of cashflows for the year ending December 31, 2017.2016 2017Cash........................................................... $60,000 $122,000Accounts receivable(net)................................ 67,000 100,000Inventory.................................................... 210,000 198,000Land........................................................... 350,000 300,000Equipment................................................... 385,000 405,000Accumulateddepreciation............................... (280,000) (260,000)TOTAL............................................ $792,000 $865,000Accountspayable.......................................... 42,000 40,000Bonds payable -long-term............................... 225,000 260,000Commonstock.............................................. 250,000 250,000Retainedearnings.......................................... 275,000 315,000TOTAL............................................ $ 792,000 $865,000Additional data for 2017:1. Net incomewas $70,000.2. Depreciation was recorded for 2017.3. Land wassold for $65,000 cash, and no land was purchased this year.4. Equipmentwith an original cost of $100,000 and book value of $55,000 wassold for a loss of $5,000.4. Dividendswere declared and paid.5. Equipmentwas purchased for cash.6. Along-term bond was issued for cash.QUESTION:1) What is the Cash flow fromoperations?2) What is the cash flow frominvesting?3) What is the cash flow fromfinancing?please show work!
Other questions asked by students
Write an original essay about a book, TV show, article, song or movie that taught you...
Let ?x denote the proportion of households in some county with x cars. Suppose ?1 =...
Solve the system of equations.x - 2y - z = -2-x + 6y - 3z...
C23 PU 11 31 32 33 34 A B 1-Jul 1-Jul 1-Jul 5-Jul 27 7-Jul...
-Jack (age 52) and Jill (age 49) are a married couple. Jack is covered under...
Keith and Jim are partners. Keith has a capital balance of $51,000 and Jim has...
15. The general fund of Park City acquired computer equipment at a cost of $50,000...
Sales is R90 000. Mark-up on cost price is 35%. What is the cost of...