Complete the statement of sources and uses of cash from the following entries: S
ID: 2793635 • Letter: C
Question
Complete the statement of sources and uses of cash from the following entries:
Sources
Issued Long-term debt
Sale of fixed asset
Cash from operations:
Net income
Depreciation
Total sources
Uses
Additions to inventory
Increase in accounts receivable
Decrease in accounts payable
Payment of dividends
Total uses
Net income $ 2,500 Dividends 800 Additions to inventory 220 Additions to receivables 250 Depreciation 190 Reduction in payables 650 Net issuance of long-term debt 400 Sale of fixed assets 160Sources
Issued Long-term debt
Sale of fixed asset
Cash from operations:
Net income
Depreciation
Total sources
Uses
Additions to inventory
Increase in accounts receivable
Decrease in accounts payable
Payment of dividends
Total uses
Explanation / Answer
Sources Issued long term debt 400 Sale of fixed asset 160 Cash from operations Net income 2500 Depreciation 190 Total sources 3250 Uses Addition to inventory 220 Increase in AR 250 Decrease in AO 650 Payment of dividends 800 Total uses $1920
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