Hampton Company reports the following information for its recent cale.docx - Hampton Company reports the following information for its recent calendar

Hampton Company reports the following information for its recent cale.docx

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Hampton Company reports the following information for its recent calendar year. $75.000 Income Statement Data Sales Expenses Cost of goods sold Salaries expense Depreciation expense Net income Selected Year-End Balance Sheet Data Accounts receivable increase $8,000 Inventory decrease 2,000 Salaries payable increase 900 35,000 11,000 7.000 $22.000 Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities a. Equipment with a book value of $79,500 and an original cost of $ 163,000 was sold at a loss of $31.000 b. Paid $106.000 cash for a new truck. c. Sold land costing $325,000 for $415,000 cash, yielding a gain of $90,000 d. Long-term
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Unformatted text preview: investments in stock were sold for $90,000 cash, yielding a gain of $15,500. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from investing activities a. Net income was $474,000 b. Issued common stock for $72,000 cash. c. Paid cash dividend of $14,000 d. Paid $120,000 cash to settle a note payable at its $120,000 maturity value. e. Paid $115,000 cash to acquire its treasury stock. f. Purchased equipment for $95.000 cash. Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities...
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