PREPARING A STATEMENT OF CASH FLOWS Monon Cable Television Company reported the following.
PREPARING A STATEMENT OF CASH FLOWS
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Monon Cable Television Company reported the following financial statements for 2009:
Additional information:
a. The old antenna with a cost of $35,000 and accumulated depreciation of $34,000 was taken down and sold as scrap for $1,800 cash during 2009. A new antenna was purchased for cash at an installed cost of $60,000.
b. Additional equipment was purchased for $20,000 cash.
c. Wiring for 300 additional homes was purchased for $6,000 cash.
d. Depreciation expense for 2009 was $28,000.
e. A long-term note payable was issued for $40,000 cash.
f.
Answers
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Posted 03 Aug 2017 03:08 PM
My Price 7.00
Cas-----------h F-----------low----------- St-----------ate-----------men-----------t C-----------ash----------- fl-----------ow -----------fro-----------m O-----------per-----------ati-----------ng -----------Act-----------ivi-----------tie-----------s N-----------et -----------Inc-----------ome----------- $ -----------40,-----------000----------- ad-----------d: -----------Dep-----------rec-----------iat-----------ion----------- $ -----------28,-----------000----------- le-----------ss:----------- ga-----------in -----------on -----------sal-----------e o-----------f a-----------nte-----------nna----------- $ -----------800----------- le-----------ss:----------- In-----------cre-----------ase-----------
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