Delilah, Inc., presents the following comparative balance sheets and income statement (all amounts in thousands of dollars):
1 Includes interest paid in cash of $23.
-See information regarding Delilah,Inc.above.The following additional information is provided:
1.Fully depreciated equipment costing $6,000 was abandoned on the first business day of 2014.
2.A building to store materials was acquired for $26,000.
3.A stock dividend of $20,000 was declared and distributed as was a cash dividend of $8,000.
4.Additional stock was sold during 2014 for cash.
Required:
Compute the following:
1.Cash received from customers
2.Cash paid to purchase inventory
3.Cash paid for income taxes
4.Cash from sale of common stock

Question

Delilah, Inc., presents the following comparative balance sheets and income statement (all amounts in thousands of dollars):
  1 Includes interest paid in cash of $23.
-See information regarding Delilah,Inc.above.The following additional information is provided:
1.Fully depreciated equipment costing $6,000 was abandoned on the first business day of 2014.
2.A building to store materials was acquired for $26,000.
3.A stock dividend of $20,000 was declared and distributed as was a cash dividend of $8,000.
4.Additional stock was sold during 2014 for cash.
Required:
Compute the following:
1.Cash received from customers
2.Cash paid to purchase inventory
3.Cash paid for income taxes
4.Cash from sale of common stock

Quizplus · Accepted Answer

The Answer of Delilah, Inc., presents the following comparative balance sheets and income statement (all amounts in thousands of dollars):
  1 Includes interest paid in cash of $23.
-See information regarding Delilah,Inc.above.The following additional information is provided:
1.Fully depreciated equipment costing $6,000 was abandoned on the first business day of 2014.
2.A building to store materials was acquired for $26,000.
3.A stock dividend of $20,000 was declared and distributed as was a cash dividend of $8,000.
4.Additional stock was sold during 2014 for cash.
Required:
Compute the following:
1.Cash received from customers
2.Cash paid to purchase inventory
3.Cash paid for income taxes
4.Cash from sale of common stock