Chapter 5 - 5-23 Choose the correct answer from the drop...

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Unformatted text preview: 5-23 Choose the correct answer from the drop down menu in Column D. (a) Cash collected from customers. (b) Cash paid to suppliers for inventory. Cash received for interest on a nontrade (c) note receivable. (d) Cash received from issuance of stock. (e) Cash paid for dividends. (f) Cash received from bank on a loan. (g) Cash paid for interest on a loan. (h) Cash paid to retire bonds. Cash paid to purchase stock of another (i) company as a long-term investment. Cash received from the sale of a (j) business segment. (k) Cash paid for property taxes. (l) Cash received for dividend revenue. (m) Cash paid for wages. (n) Cash paid for insurance. Preferred stock retired by issuing (o) common stock. (p) Depreciation expense for the year. (q) Cash paid to purchase machinery. (r) Cash received from the sale of land. Activity Operating Operating Operating Financing Financing Financing Operating Financing Investing Investing Operating Operating Operating Operating Noncash Noncash Noncash Noncash 5-34 Name: Enter the appropriate amounts in the shaded cells in columns E and G. Goulding Manufacturing Company Statement of Cash Flows (Indirect Method) For the Year Ended December 31, 2008 Cash flows from operating activities: Net income $450,700 Adjustments: Depreciation expense 70,000 Goodwill amortization 10,000 Increase in accounts receivable (19,000) Increase in inventory (18,000) Decrease in accounts payable (23,400) Increase in interest payable 5,900 Increase in wages payable 7,000 Net cash provided by operating activities Cash flows from investing activities: Purchase of machinery Net cash used in investing activities Cash flows from financing activities: Retirement of long-term debt Sale of common stock Payment of dividends Net cash used in financing activities Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $483,200 $(62,000) (62,000) $(500,000) 160,000 (22,000) (362,000) $59,200 130,000 $189,200 ...
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Chapter 5 - 5-23 Choose the correct answer from the drop...

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