Business
Business, 19.02.2020 22:29, cat20220

The following summary transactions occurred during 2018 for Bluebonnet Bakers:

Cash Received from:
Customers $ 380,000
Interest on note receivable 6,000
Principal on note receivable 50,000
Sale of investments 30,000
Proceeds from note payable 100,000
Cash Paid for:
Purchase of inventory 160,000
Interest on note payable 5,000
Purchase of equipment 85,000
Salaries to employees 90,000
Principal on note payable 25,000
Payment of dividends to shareholders 20,000

The balance of cash and cash equivalents at the beginning of 2018 was $17,000.

Required:
Prepare the statement of cash flows assuming that Bluebonnet prepares its financial statements according to International Financial Reporting Standards. Where IFRS allows flexibility, use the classification used most often in IFRS financial statements. (Amounts to be deducted should be indicated with a minus sign.)

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 20:30, jordaaan101
Agood for which demand increases as income rises is and a good for which demand increases as income falls is
Answers: 1
image
Business, 21.06.2019 20:30, lalacada1
If delta airlines were to significantly change its fare structure and flight schedule to enhance its competitive position in response to aggressive price cutting by southwest airlines, this would be an example ofanswers: explicit collusion. tacit collusion. competitive dynamics. a harvest strategy.
Answers: 3
image
Business, 22.06.2019 12:00, kaylallangari549
In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:
Answers: 2
image
Business, 22.06.2019 12:40, gldven7636
When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?
Answers: 3
Do you know the correct answer?
The following summary transactions occurred during 2018 for Bluebonnet Bakers:

Cash Rece...

Questions in other subjects:

Konu
Mathematics, 27.01.2021 23:10
Konu
Mathematics, 27.01.2021 23:10