Given the following information for the Mondgil Corporation: $10 46 10 100 70 45
ID: 2592467 • Letter: G
Question
Given the following information for the Mondgil Corporation: $10 46 10 100 70 45 Cash Balance, January 1 Cash Balance, December 31 Cash paid as dividends Cash paid to purchase bonds Cash paid to retire bonds payable at par Cash received from issuance of common stock Prepaid expense decrease Accounts payable decrease Unearned Revenue increase Wages payable decrease Amortization expense Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory decrease Net Income 13 12 20 39 14. 94.Explanation / Answer
Answer 11.
Net Cash Flows from Operations = Net Income + Decrease in Prepaid Expense - Decrease in Accounts Payable + Increase in Unearned Revenue - Decrease in Wages Payable + Amortization Expense + Depreciation Expense - Gain on Sale of Equipment + Decrease in Inventory
Net Cash Flows from Operations = 94 + 8 - 3 + 13 - 9 + 12 + 39 - 14 + 11
Net Cash Flows from Operations = 151
Answer 12.
Net Cash Flows from Investments = Cash received from Sale of Equipment
Net Cash Flows from Investments = 20
Answer 13.
Net Cash Flows from Financing = Cash received from Issuance of common stock - Cash paid to retire bonds payable at par - Cash paid to purchase bonds - Cash paid as dividends
Net Cash Flows from Financing = 45 - 70 - 100 - 10
Net Cash Flows from Financing = -135
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