Answered You can hire a professional tutor to get the answer.

QUESTION

X / x Marlett Company Statement of Cash Flows For the Year Ended Dec . 31 2008 Operating Activities Net Income $50 01 Depreciation Expense . 500...

Need help to see if I made any mistake, please advise. (I coloured the coherence relation in the way how I understand them)

Based on the information in the Table below, prepare a statement of cash flows for 2008. Assume that there were no changes in any other asset or liability accounts, and that the ending cash balance for 2007 was $50.

Cash flow from financing activities

Cash flow from financing activities--------$0

Net changes in cash -------------------------$5,300

Beginning cash balance---------------------$50

Ending cash balance-------------------------$5,350

Answer:

Marlett Company

Statement of Cash Flows For the Year Ended Dec. 31, 2008

*** My confusion is specially about the "Dividend Paid", as "Net income = profits or losses earned a period of time. Retained earnings = Cumulative net income minus cumulative dividends paid to shareholders. Therefore, logic follows that the amount paid out in dividends is equal to net income minus the change in retained earnings for any period of time.", so did I put it right in my Answer and Elaboration?

  • Attachment 1
  • Attachment 2
X / xMarlett CompanyStatement of Cash FlowsFor the Year Ended Dec . 31 2008Operating ActivitiesNet Income$50 01Depreciation Expense .500Increase in Accounts Receivable(250 %Increase in Accounts PayableCash Flow from Operations .85. 301Investing ActivitiesCash Flow from Investing Activities .Financing Activities .Increase in Common Stock8501ncrease in Paid - in- Capital100Dividends Paid .as Pale( 1000Cash Flow from Financing Activities .80Change in Cash85.30Beginning Cash BalanceEnding Cash Balance85 350
Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question