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Delilah, Inc

Question 8

Essay

Delilah, Inc., presents the following comparative balance sheets and income statement (all amounts in thousands of dollars):
Delilah, Inc., presents the following comparative balance sheets and income statement (all amounts in thousands of dollars):    <sup>1</sup>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 1Includes 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

Correct Answer:

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