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2 years ago

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 -1000

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 22000

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) 57000

Closing Cash Balance 148000

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