question archive The following information relates to Royale Enterprises for the year ended December 31, 20x5Net Income$300,000Depreciation Expense72,000Amortization of Intangible Assets9,000Beginning Accounts Receivable336,000Ending Accounts Receivable351,000Beginning Inventory413,000Ending Inventory450,000Beginning Prepaid Expenses34,000Ending Prepaid Expenses38,000Beginning Accounts Payable95,000Ending Accounts Payable116,000Purchase of Long-Term Assets for Cash493,000Cash from Issuance of Long-Term Debt160,000Issuance of Stock for Cash128,000Issuance of Stock for Long-Term Assets88,000Purchase of Treasury Stock51,000Sale of Long-Term Investment at Cost31,000a
The following information relates to Royale Enterprises for the year ended December 31, 20x5Net Income$300,000Depreciation Expense72,000Amortization of Intangible Assets9,000Beginning Accounts Receivable336,000Ending Accounts Receivable351,000Beginning Inventory413,000Ending Inventory450,000Beginning Prepaid Expenses34,000Ending Prepaid Expenses38,000Beginning Accounts Payable95,000Ending Accounts Payable116,000Purchase of Long-Term Assets for Cash493,000Cash from Issuance of Long-Term Debt160,000Issuance of Stock for Cash128,000Issuance of Stock for Long-Term Assets88,000Purchase of Treasury Stock51,000Sale of Long-Term Investment at Cost31,000a
Subject:AccountingPrice: Bought3
The following information relates to Royale Enterprises for the year ended December 31, 20x5Net Income$300,000Depreciation Expense72,000Amortization of Intangible Assets9,000Beginning Accounts Receivable336,000Ending Accounts Receivable351,000Beginning Inventory413,000Ending Inventory450,000Beginning Prepaid Expenses34,000Ending Prepaid Expenses38,000Beginning Accounts Payable95,000Ending Accounts Payable116,000Purchase of Long-Term Assets for Cash493,000Cash from Issuance of Long-Term Debt160,000Issuance of Stock for Cash128,000Issuance of Stock for Long-Term Assets88,000Purchase of Treasury Stock51,000Sale of Long-Term Investment at Cost31,000a. Calculate the net cash flows from operating activities. Show your work.b. Calculate the net cash flows from investing activities. Show your work.c. Calculate the net cash flows from financing activities. Show your work.d. Calculate the net change in cash. Show your work.
