Pages

Friday, 9 August 2013

Megenity Company's net income last year was $195,300. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Debit balances: Cash $6,100 Accounts receivable $(8,200) Inventory $(6,600) Prepaid expenses $0 Long-term investments $50,100 Plant and equipment $46,300 Credit balances: Accumulated depreciation $58,600 Accounts payable $(14,600) Accrued liabilities $10,200 Taxes payable $9,900 Bonds payable $(78,600) Deferred taxes $12,200 Common stock $19,600 Retained earnings $70,400 The company declared and paid cash dividends of $131,000 last year. The net cash provided by (used in) operating activities last year was: $253,900 $286,400 $195,300 $227,800 The net cash provided by (used in) investing activities last year was: $97,000 $(96,400) $(77,400) $76,200 The net cash provided by (used in) financing activities last year was: $(190,000) $(59,000) $190,000 $59,000 No plant and equipment was disposed of during the year. The free cash flow for the year was: $155,400 $463,700 $240,100 $109,100

Megenity Company's net income last year was $195,300. Changes in the company's balance sheet accounts for the year appear below:


Increases

(Decreases)
 Debit balances:

 Cash  
$6,100  
 Accounts receivable  
$(8,200) 
 Inventory  
$(6,600) 
 Prepaid expenses  
$0  
 Long-term investments  
$50,100  
 Plant and equipment  
$46,300  

  
 Credit balances:
  
 Accumulated depreciation  
$58,600  
 Accounts payable  
$(14,600) 
 Accrued liabilities  
$10,200  
 Taxes payable  
$9,900  
 Bonds payable  
$(78,600) 
 Deferred taxes  
$12,200  
 Common stock  
$19,600  
 Retained earnings  
$70,400  

The company declared and paid cash dividends of $131,000 last year.

The net cash provided by (used in) operating activities last year was:
$253,900
$286,400
$195,300
$227,800

Answer
$286,400

The net cash provided by (used in) investing activities last year was:
$97,000
$(96,400)
$(77,400)
$76,200
Answer
$(96,400)

The net cash provided by (used in) financing activities last year was:
$(190,000)
$(59,000)
$190,000
$59,000
Answer
$(190,000)

No plant and equipment was disposed of during the year. The free cash flow for the year was:
$155,400
$463,700
$240,100
$109,100
Answer
$109,100

No comments:

Post a Comment