Compute the following items for the statement of cash flows: a. Beginning and ending Plant...
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Compute the following items for the statement of cash flows: a. Beginning and ending Plant Assets, Net, are $225,000 and $207,000, respectively. Depreciation for the period was $34,200, and purchases of new plant assets were $81,000. Plant assets were sold at a $18,000 gain. What were the cash proceeds of the sale? b. Beginning and ending Retained Earnings are $79,200 and $124,200, respectively. Net income for the period was $109,800, and stock dividends were $18,000. How much were cash dividends?
a. Beginning and ending Plant Assets, Net, are $225,000 and $207,000, respectively. Depreciation for the period was $34,200, and purchases of new plant assets were $81,000. Plant assets were sold at a $18,000 gain. What were the cash proceeds of the sale? Cash proceeds from the sale is $_____
Requirement b. Beginning and ending Retained Earnings are $79,200 and $124,200, respectively. Net income for the period was $109,800, and stock dividends were $18,000. How much were cash dividends? Cash dividends are $________
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