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Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
(Learning Objective 3: Computing investing and financing amounts for the statement of cash flows) Compute the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, are $103,000 and $107,000, respectively. Depreciation for the period was $21,500, and purchases of new plant assets were $27,000. Plant assets were sold at a $1,000 loss. What were the cash proceeds of the sale?
b. Beginning and ending Retained Earnings are $45,000 and $73,000, respectively. Net income for the period was $47,000, and stock dividends were $8,000. How much were cash dividends?
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