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DENIUS [597]
2 years ago
10

The following information is available for Mergenthaler Corporation for the year ended December 31, 2022:

Business
1 answer:
sdas [7]2 years ago
3 0

Answer:

Cash Flow from Operating Activities          Amount$

Net Income                                                        30000

Add Depreciation Expense                              25000

Increase in Accounts Payable                          11000

Increase in Accounts Receivables                  -10000

Increase in Prepaid Insurance                         -6000

Decrease in Salaries and Wages Payable      <u> -1000 </u>

Net Cash Flow from Operating Activities A  49000

Cash Flow from Investing Activities

Acquisition of Equipment for Cash                      -10000

Proceeds from Sale of Long-Term Investment    <u>22000</u>

Net Cash Flow from Investing Activities B         12000

Cash Flow from Financing Activities

Redemption of Bonds Payable                            -34000

Proceeds from Issuance of Common Stock        20000

Payment of Cash Dividends                                 -6000

Collection of Principal on Long-Term Loan         16000

Net Cash Used in Financing Activities C           -4000

Opening Cash Balance                                        91000

Add Increase in Cash (A+B+C)                             <u>57000</u>

Closing Cash Balance                                          <u>148000</u>

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A person borrows ​$150 that he must repay in a lump sum no more than 8 years from now. The interest rate is 9.9​% annually compo
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