This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The following items were gathered from Rankin Corporation's general ledger:Net income$26,000Gain on ... (Read 44 times)

Bobvance

  • Full Member
  • ***
  • Posts: 154
on: Feb 5, 2023
The following items were gathered from Rankin Corporation's general ledger:

Net income$26,000
Gain on sale of marketable securities3,000
Beginning cash balance18,000
Purchase of new factory equipment75,000
Proceeds from sale of marketable securities25,000
Depreciation8,000
Payment of cash dividends23,000
Decrease in accounts receivable6,000
Proceeds from issuance of common stock32,000
Increase in inventory12,000
Increase in accounts payable4,000
Decrease in accrued liabilities2,000

Required:

Using the indirect method, prepare Rankin's statement of cash flows in good form.
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Bobvance on Feb 5, 2023

msgero

  • Full Member
  • ***
  • Posts: 155
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


Bobvance

  • Member
  • Posts: 154
Reply 2 on: Feb 5, 2023
Gracias!

sailorcrescent

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
A fuel composition tester (SPX Kent-Moore J-44175) is the recommended tool, by General Motors, to ... A fuel composition tester (SPX Kent-Moore J-44175) is the recommended tool, by General Motors, to ...
A symbol showing an engine with an arrow pointing down is used on some General Motors vehicles to ... A symbol showing an engine with an arrow pointing down is used on some General Motors vehicles to ...
Write the equation in general form of the line passing through the point Write the equation in general form of the line passing through the point
Helgeson Company has identified the following items for possible inclusion when taking a ... Helgeson Company has identified the following items for possible inclusion when taking a ...
Variable and absorption costing, explaining operating-income differences. Variable and absorption costing, explaining operating-income differences.
Video: Knee Animation

For a complete list of videos, visit our video library