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 59 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
:D TYSM

cam1229

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Body Part, Method of Examination, and Equipment Used During the General Physical Examination Body Part, Method of Examination, and Equipment Used During the General Physical Examination
Income of Adult Children Compared With That of Their Parents Income of Adult Children Compared With That of Their Parents
A general model of the sensorimotor system. Notice its hierarchical structure, functional ... A general model of the sensorimotor system. Notice its hierarchical structure, functional ...
Pathways of nitrogen metabolism (purple) in the general pattern of intermediary metabolism Pathways of nitrogen metabolism (purple) in the general pattern of intermediary metabolism
General Mathematics - Finding the Range of a Function General Mathematics - Finding the Range of a Function
The general description of allele and genotype frequencies under Hardy–Weinberg assumptions The general description of allele and genotype frequencies under Hardy–Weinberg assumptions
Video: Phases of mitosis

For a complete list of videos, visit our video library