or the Yer ded 2014 and 20153014 600 1,000 1,800 2,000 2,800 Les Accumulated Dep
ID: 2809042 • Letter: O
Question
or the Yer ded 2014 and 20153014 600 1,000 1,800 2,000 2,800 Les Accumulated Depreciation Net fixed assets $2000 Total assets 100 900 100 1,500 Accounts payable 200 Notes payable Accruals 100 2,000 Long-term debt Stockholders' equity Common stock at par Paid-in capital in excess of par Retained earnings 500 2,000 500 2,000 Total liabilities and equity $6,200 $5,600 Net profits after taxes for 2015: $150.00 Q1. See Table Above to answer the questions a. What is the amount of largest single source of funds for the firm in 2015? O points) b. What is the amount of common stock dividends paid in 2015? (3 points)Explanation / Answer
a)largest source of fund in 2015 = long term debt = 2000-1500 =$ 500
B)common stock dividend= Beginning retained earning + net income -ending retained earning
= 500+150-600
= $ 50
c)Amoun of fixed asset purchased = fixed asset at end -fixed asset at beginning
= 3000-2800
= 200
d)cash fow from operating activity
cash flow from operating activity net income 150 Adjustment to reconcile net income to net cash flow from operating activity depreciation [1000-800] 200 increase in accounts receivable [1200-1000] (200) increase in inventories [2000-1800] (200) increase in accounts payable 100 decrease in note payable (100) net cash flow from operating activity 350Related Questions
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