X hits on this document

185 views

0 shares

0 downloads

0 comments

89 / 89

STATEMENT OF CASH FLOWS:  REPORTING THE EFFECTS OF OPERATING, INVESTING, AND FINANCING ACTIVITIES ON CASH FLOWS   T4-X

4.35 continued.

f.Rent Expense$(12,000)

Plus Decrease in Prepaid Rent ($0 – $2,000)2,000

Plus Increase in Rent Payable ($3,000 – $0)3,000

Cash Paid to Landlords for Rental of Space during the

Year$(7,000)

g.Increase in Retained Earnings ($11,800 – $11,500)$300

Less Net Income(9,600)

Dividend Declared$(9,300)

Plus Decrease in Dividend Payable ($2,600 – $4,200)(1,600)

Cash Paid for Dividends during the Year$(10,900)

h.Depreciation Expense$(20,000)

Plus Increase in Accumulated Depreciation ($35,000 –

$20,000)15,000

Accumulated Depreciation of Property, Plant and Equip-

ment Sold$(5,000)

Cost of Property, Plant and Equipment Sold ($100,000

$90,000)10,000

Book Value of Property, Plant and Equipment Sold$5,000

Plus Gain on Sale of Property, Plant and Equipment3,200

Cash Received from Sale of Property, Plant and Equip-

ment$8,200

Document info
Document views185
Page views185
Page last viewedSat Dec 03 16:20:13 UTC 2016
Pages89
Paragraphs1584
Words7354

Comments