ACC206 Week One Guidance Report.xlsx

Amount your answers based upon course start date

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Amount YOUR ANSWERS BASED UPON COURSE START DATE Prepare the operating activities section of the statement of cash flows by using the direct method.
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Interest expense -24400 Income taxes -38400 Net cash provided by operating activities 133000 Net income 165000 Accounts receivable 200 Inventory -13600 Prepaid expenses -1200 Accounts payable -13000 Taxes payable -1600 Interest payable 2600 Accrued liabilities -21600 Gain on sale of land -160800 Depreciation 17000 Net cash provided by operating activities -27000 Cash flows from investing activities Purchase of long-term investments -74600 Proceeds from sale of land 76200 Net cash provided by investing act. 1600 Cash flows from financing activities Repayment of long-term note -49400 Issuance of common stock* 103800 Dividends paid -128600 Net cash used by financing activities -74200 * 20,000 shares X $5.19 = $103,800 Prepare the operating activities section of the statement of cash flows by using the indirect method. Prepare the investing and financing activities sections of the statement of cash flows. Note: The store equipment and telecommunications system transactions would be reported as noncash investing/ financing activities
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Ashford University ACC206 Guidance Report Week One Guidance Report Download Date 11/28/2017
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