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Chegg Stu Chegg St This las A Chegg Stu This Is A ScQFrom a sta Cash Flow Employee-fac Course: A https//edugen.wileyplus.com/edugen/lti/main.uni C Search Burnley, Understanding Financial Help I System Announcements BACK NEXT ASSIGNMENT RESOURCES Application Problem 5-10 (Part Level Submission) Whiskey Industries Ltd., a Nanaimo, British Columbia-based company, has a December 31 year end. The company's comparative statement of financial position and its statement of income for the most recent fiscal year are presented here along with some additional infomation 1. 2. 3. During the year, Whiskey Industries sold, for $410 cash, equipment that had an original cost of $820 and a net carrying amount of $160 Whiskey Industries borrowed an additional $6,560 by issuing notes payable in 2016. During the year, the company purchased a piece of land for a future manufacturing site for $164,000. The land was purchased with no money down and the company entered into a mortgage payable for the full anount. pplication Problem 10 (Part Lev ubmission WHISKEY TNDUSTRIFS LTD. Statement of Financial Position As at December 31, 2016 12 (Part l ubmissIoN 2016 2015 12-16 Problem Assets Current assets $4,960 $15,990 8,200 16,400 410 32,800 24,600 46,450 57400 130,380 82,000 (56,740) (41,000) 0 $284,090 $98,400 Cash Review Sco Accounts receivable Prepaid rent 490 InventoryY Total current assets Manufacturing equipment Accumulated depreciation, manufacturing equipment Land Total Assets Liabilities and Shareholders' Equity Current liabilities Malwarebytes Version Update Available A new and Improved verslon of Malwarebytes ls available. Get the new version free of charge. 164,000 Accounts payable Wages payable Dividends payable $9,020 $4,920 330 250 9,900 5,500 490 390 Download and Install Close Total current liabilities 03:58 p.m. 13/04/2018 Pür

Explanation / Answer

CASH FLOW STATEMENT: Cashflows from operating activiites: Net income fr the year 10240 Adjustmeent required Depreciation 16400 Interest expense 490 Gain on sale of equipment -250 Decrease in accounts receivable 8200 Increase in prepaid rent -80 Increasse in Inventory -8200 Increase in Accounts payable 4100 Increase in wages payable 160 Increase in Dividend payable 140 Net cash provided from operating activities 31200 Ccashflows from Investing activiites: Sale of equipment 410 Purchase of equipment (82000-820-130380) -49200 Net cash used in investing activities -48790 Cashfows from Financing activities: Issue of Notes payyable 6560 Repayment of notes payable (32800+6560-37720) -1640 Interest paid -490 Issue of common shares 3280 Dividend paid (39600+10240-48690) -1150 Net cash provided from financing activities 6560 Net increase in cash -11030 Add: Beginning Ccash 15990 Ending balance 4960

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