subject
Business, 22.12.2020 07:20 kaylanweston

A statement of cash flows for Friendly Markets, Inc., for 2017 appears below. Operations
(1)Net income $ 1,161,442
Adjustments for noncash transactions:
(2) Depreciation and amortization 496,106
(3) Retirement contributions paid in common stock 256,110
(4) Deferred income taxes 27,018
(5) Loss on disposal of property, plant, and equipment 32,482
(6) Loss on sale of investments 6,801
(7) Net amortization of investments 15,625
Change in operating assets/liabilities providing (requiring) cash:
(8) Trade receivables (140,082 )
(9) Merchandise inventories 2,302
(10) Prepaid expenses (5,825 )
(11) Accounts payable and accrued expenses 103,014
(12) Self-insurance reserves (14,381 )
(13) Federal and state income taxes 33,186
(14) Other noncurrent liabilities 24,434
Net cash provided by operating activities 1,998,232
Investing
(15) Payment for property, plant, and equipment (693,489 )
(16) Proceeds from sale of property, plant, and equipment 4,150
(17) Payment for investments (1,133,449 )
(18) Proceeds from sale of investments 777,381
Net cash used in investing activities (1,045,407 )
Financing
(19) Payment for acquisition of common stock (629,453 )
(20) Proceeds from sale of common stock 152,096
(21) Dividends paid (325,295 )
(22) Other, net 18,530
Net cash used in financing activities (784,122 )
Net increase in cash 168,703
Cash at beginning of year 201,813
Cash at end of year $ 370,516

Required:

Prepare the worksheet entry that would be made to prepare a cash flow statement for each of the numbered line items. For example, the worksheet entry for item (1) is as follows:

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 02:30
Witch is an example of a non durable good?
Answers: 1
question
Business, 22.06.2019 02:50
Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of
Answers: 3
question
Business, 22.06.2019 11:50
What is marketing’s contribution to the new product development team? a. technical expertise needed to translate designs into an actual product/service. b. deep customer insight that leads to product ideas. c. ability to assess financial viability d. feedback on design as well as how customers will actually use the product e. technical expertise needed to translate concepts into product/service designs.
Answers: 2
question
Business, 22.06.2019 22:00
Consider the labor market for heath care workers. because of the aging population in the united states, the output price for health care services has increased. holding all else equal, what effect does this have on the labor market for health care employees? a. the equilibrium wage increases and the equilibrium quantity of labor increases.b. the equilibrium wage increases and the equilibrium quantity of labor decreases.c. the equilibrium wage decreases and the equilibrium quantity of labor increases.d. the equilibrium wage decreases and the equilibrium quantity of labor decreases.
Answers: 2
You know the right answer?
A statement of cash flows for Friendly Markets, Inc., for 2017 appears below. Operations
(1)...
Questions
question
Mathematics, 28.09.2020 02:01
question
Mathematics, 28.09.2020 02:01
question
World Languages, 28.09.2020 02:01
question
History, 28.09.2020 02:01
question
Biology, 28.09.2020 02:01
question
History, 28.09.2020 02:01
Questions on the website: 13722365