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A comparative balance sheet for Cary Corporation is presente…
A comparative balance sheet for Cary Corporation is presented below. Assets 2020 2019 Cash 62,800 48,700 Accounts receivable 87,600 79,300 Inventory 157,500 138,200 Land 60,500 80,400 Equipment 362,700 312,000 Accumulated depreciation–equipment (84,500) (26,400) Total 646,600 632,200 Liabilities and Stockholders’ Equity Accounts payable 48,200 97,300 Bonds payable 154,000 189,000 Common stock ($1 par) 175,000 175,000 Retained earnings 269,400 170,900 Total 646,600 632,200 Additional information: Net income for 2020 was $157,400; there were no gains or losses. Cash dividends of $58,900 were declared and paid. Bonds payable of $35,000 were retired. Compute each of the following: (Show amounts that decrease cash flow with either a – sign e.g. -15,000 or in parenthesis e.g. (15,000). Round to the nearest dollar. Do NOT put a dollar sign ($) in your answer.) 1. Net cash provided by operating activities $ 2. Net cash provided (used) by investing activities $ 3. Net cash provided (used) by financing activities $
A comparative balance sheet for Cary Corporation is presente…
Questions
A cоmpаrаtive bаlance sheet fоr Cary Cоrporation is presented below. Assets 2020 2019 Cash 62,800 48,700 Accounts receivable 87,600 79,300 Inventory 157,500 138,200 Land 60,500 80,400 Equipment 362,700 312,000 Accumulated depreciation–equipment (84,500) (26,400) Total 646,600 632,200 Liabilities and Stockholders’ Equity Accounts payable 48,200 97,300 Bonds payable 154,000 189,000 Common stock ($1 par) 175,000 175,000 Retained earnings 269,400 170,900 Total 646,600 632,200 Additional information: Net income for 2020 was $157,400; there were no gains or losses. Cash dividends of $58,900 were declared and paid. Bonds payable of $35,000 were retired. Compute each of the following: (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Round to the nearest dollar. Do NOT put a dollar sign ($) in your answer.) 1. Net cash provided by operating activities $[1] 2. Net cash provided (used) by investing activities $[2] 3. Net cash provided (used) by financing activities $[3]
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