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Computing cash flows for investing and financing activities Consider the following facts for Java Jolt a Beginning and ending Retained Earnings are $41000 and $71000 respectively Net income for

Computing cash flows for investing and financing activities Consider the following facts for Java Jolt:

a. Beginning and ending Retained Earnings are $41,000 and $71,000, respectively. Net income for the period is $62,000.

b. Beginning and ending Plant Assets are $121,200 and $125,200, respectively.

c. Beginning and ending Accumulated Depreciation—Plant Assets are $20,200 and $21,200, respectively.

d. Depreciation Expense for the period is $18,000, and acquisitions of new plant assets total $23,000. Plant assets were sold at a $3,000 gain.

Requirements

1. How much are cash dividends?

2. What was the amount of the cash receipt from the sale of plant assets?

Apr 21 2020 View more View Less

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