Business and Finance Homework Help: Accumulated Depreciated Assignment: Amigo Company Statement of Cash Flows For the Year Ended December 31, 2016 Increase (Decrease) in Cash Cash flows from operating activities Net income $400,000 Adjustments to reconcile net income to net cash provided by operating activities:
Increase in accounts receivable Increase in accounts payable Depreciation-buildings and equipment Gain on sale of equipment Amortization of patents Net cash provided by operating activities $(128,000) 64,000 120,000 (48,000) 16.000 24.000 424,000 Cash flows from investing activities Sale of equipment Purchase of land Purchase of buildings and equipment Net cash used by investing activities 96,000 (200,000) (384.000) (488,000) Cash flows from financing activities Payment of cash dividend Sale of common stock Net cash provided by financing activities Net increase in cash Cash, January 1, 2016 Cash, December 31, 2016 (120,000) 320.000 200.000 136,000 320.000 $456.000 Total assets on the balance sheet at December 31, 2016, are $2,216,000. Accumulated depreciated Find the nearest answer. on the equipment sold was $112,000. 9. The balance in the Retained Earnings account on December 31, 2016, was a. $360,000 b. $880,000 c. $760,000 d. $1,000,000. .
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Australia Assessments has gained an international reputation of being the leading website in custom assignment writing services. Once you give us the instructions of your paper through the order form, we will complete the rest.
As we work towards providing the best custom assignment services, our company provides assignment services for any type of academic essay. We will help you develop professionally written essays that are rich in content and free from plagiarism.
Admission and Business Papers
Our skilled team of professional writers will ensure that we help you craft a remarkable admission essay for your desired Master's program in your institution of choice. We won't stop there. Once you enter the job market, we will be available to secure you a position at your desired worksite by creating an outstanding portfolio or resume.
Editing and Proofreading
Our editorial team is always available for all editing and proofreading services. They check completed papers by our writers and also provide professional opinions to papers completed by our clients.
We harbor professional academic writers with different qualifications in diverse academic fields. As such, we are capable of handling both simple and technical papers. Ensure that you provide us with correct and complete instructions in the order form.