ilm/takeAssignamenttakcAssignmentMain do invoker-assignments& onLocator-assignme

Question

ilm/takeAssignamenttakcAssignmentMain do invoker-assignments& onLocator-assignment-take∈ Cash Flows from Finandng Activities Murray Company provided the following information: a. Net income of $450,000 was earned in 2016 b. Information taken from comparative balance sheets: Murray Company Comparative Balance Sheets At December 31, 2015 and 2016 2015 2016 Bonds payable Mortgage payable Common stock Contributed capital in excess of par Retained earnings Required Compute the financing cash flows for the current year, Use a minus sign to lndicate a cash outflow 288,000 0,000 187,500 187,500 140,000 140,000 912,500 1,162.500 238,000 x Check My Work

Explanation / Answer

Proceeds from Bonds payable 288000 Repayment of mortgage -50000 Dividends paid -200000 =(1162500-450000)-912500 Fiananing cashflow(outflow) 38000

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

---

---

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