Learning objective 3 evaluate a statement of cash, Ask an Expert

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(Learning Objective 3: Evaluate a statement of cash flows-indirect method) Consider three independent cases for the cash flows of Building Blocks Corp. For each case, identify from the statement of cash flows how Building Blocks Corp. generated the cash to acquire new plant assets. Rank the three cases from the most healthy financially to the least healthy.

(Learning Objectives 3, 4: Compute investing and financing amounts for the statement of cash flows) Compute the following items for the statement of cash flows:

a.Beginning and ending Plant Assets, Net, are $99,000 and $92,000, respectively. Depreciation for the period was $11,000, and purchases of new plant assets were $23,000. Plant assets were sold at a $7,000 gain. What were the cash proceeds of the sale?

b.Beginning and ending Retained Earnings are $37,000 and $74,000, respectively. Net income for the period was $61,000, and stock dividends were $14,000. How much were cash dividends?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91585223

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