Condensed financial data of Pharoah Company for 2017 and 2016 are presented b PH

Question

Condensed financial data of Pharoah Company for 2017 and 2016 are presented b PHAROAH COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 $1,800 1,750 1,630 1,910 2016 $1,130 1,320 1,890 1,720 (1,190) (1,170) 1,280 1,410 $7,180 $6,300 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,230 190 1,400 1,930 2,430 $7,180 $910 240 1,540 1,680 1,930 $6,300

Explanation / Answer

Net cash provided by operating activities 790 Cash flows from investing activities purchase of plant assets (1910-1720)-60 -130 sale of investments (1410-1280)+90 220 net cash provided by investing activities 90 Cash flows from financing activities payment of cash dividends -260 Redemption of bonds payable -140 issuance of capital stock (1930-1680)-60 190 net cash used by financing activities -210 net increase in cash 670 cash at beginning period 1,130 Cash at end period 1800

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.