Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 10

Computing operating activities cash flow-indirect method
Consider the following facts for Espresso Place:
a. Beginning and ending Retained earnings are $44,000 and $70,000, respectively.
Net income for the period is $61,000.
b. Beginning and ending Plant assets, net, are $104,000 and $109,000, respectively. Depreciation for the period is $17,000, and acquisitions of new plant assets total $28,000. Plant assets were sold at a $5,000 gain.
Requirements
1. How much are cash dividends
2. What was the amount of the cash receipt from the sale of plant assets