Lighthouse Power reported net income totaling $264,000. Depreciation expense for the year was $53,000. Accounts receiva
Posted: Tue Jan 18, 2022 1:02 pm
Lighthouse Power reported net income totaling $264,000.
Depreciation expense for the year was $53,000. Accounts
receivable decreased by $14,600, inventory increased by $10,800,
dividends paid totaled $22,000, accounts payable decreased by
$10,000, accrued expenses increased by $5,000, and taxes payable
increased by $16,800. The company also repurchased its own
stock to the tune of $45,000, issued a 30-year bond for $400,000
cash, and paid interest of $15,000 during the year.
How much is the company’s cash flow from financing
activities on an accounting cash flow statement?
Depreciation expense for the year was $53,000. Accounts
receivable decreased by $14,600, inventory increased by $10,800,
dividends paid totaled $22,000, accounts payable decreased by
$10,000, accrued expenses increased by $5,000, and taxes payable
increased by $16,800. The company also repurchased its own
stock to the tune of $45,000, issued a 30-year bond for $400,000
cash, and paid interest of $15,000 during the year.
How much is the company’s cash flow from financing
activities on an accounting cash flow statement?