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Homework Answers
| Ans. | Cash flow from Financing activities: | ($ in millions) |
| Issuance of common stock | $35 | |
| Purchase of treasury stock | -$15 | |
| Net cash provided by financing activities | $20 | |
| *Sale and purchase of fixed assets are the investing activities, so these | ||
| are included in the calculation of cash flow from financing activities. | ||
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Brief Exercise 21-10 Financing activities (LO21-6] Carter Containers sold marketable securities, land, and common stock for...
Carter Containers sold marketable securities, land, and common stock for $40.0 million, $13.5 million, and $35.0...
Carter Containers sold marketable securities, land, and common stock for $40.0 million, $13.5 million, and $35.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $10.0 million, $22.5 million, and $14.6 million, respectively. What amount should Carter report as net cash from financing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash Flows...
Carter Containers sold marketable securities, land, and common stock for $41.0 million, $12.5 million, and $40.0...
Carter Containers sold marketable securities, land, and common stock for $41.0 million, $12.5 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $20.5 million, $21.5 million, and $12.6 million, respectively. What amount should Carter report as net cash from investing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash Flows...
Brief Exercise 21-8 Sale of land [LO21-3, 21-4, 21-5] On July 15, 2018, M.W. Morgan Distribution...
Brief Exercise 21-8 Sale of land [LO21-3, 21-4, 21-5] On July 15, 2018, M.W. Morgan Distribution sold land for $40.5 million that it had purchased in 2013 for $330iion What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2018, using the direct method? The indirect method? O Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs...
Creative Sound Systems sold investments, land, and its own common stock for $40.0 million, $14.0 million,...
Creative Sound Systems sold investments, land, and its own common stock for $40.0 million, $14.0 million, and $38.0 million. respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.0 million $24.0 million, and $11.0 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease In cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (I.e., 510,100,000 should...
thank you Creative Sound Systems sold investments, land, and its own common stock for $320 million,...
thank you
Creative Sound Systems sold investments, land, and its own common stock for $320 million, $14.8 million, and $39.6 million respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.8 million, $24.8 million, and $11.8 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e.,...
In preparation for developing its statement of cash flows for the year ended December 31, 2018,...
In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. collected the following information: ($ in millions) Payment for the early extinguishments of long-term notes (book value: $68.0 million) $ 72.0 Sale of common shares 216.0 Retirement of common shares 132.0 Loss on sale of equipment 3.0 Proceeds from sale of equipment 12.0 Issuance of short-term note payable for cash 20.0 Acquisition of building for cash 12.0 Purchase of marketable securities...
Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $15.2 million,...
Creative Sound Systems sold investments, land, and its own common stock for $32.0 million, $15.2 million, and $40.4 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.2 million, $25.2 million, and $12.2 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should...
Brief Exercise 21-7 Installment note [LO21-3, 21-6] On January 1, 2018, the Merit Group issued to...
Brief Exercise 21-7 Installment note [LO21-3, 21-6] On January 1, 2018, the Merit Group issued to its bank a $54 million, five-year installment note to be paid in five equal payments at the end of each year. Installment payments of $14.245 million annually include interest at the rate of 10.0%. What would be the amount(s) related to the note that Merit would report in its statement of cash flows for the year ended December 31, 2018? ($ in millions) Cash...
Mobile Video Systems sold land, investments, and issued their own common stock for $11 million, $16...
Mobile Video Systems sold land, investments, and issued their own common stock for $11 million, $16 million and $21 million respectively. Mobile Video also purchased treasury stock, equipment, and a patent for $2 million $2 million, and $5 million respectively a. What amount should the company report as net cash flows from investing activities? (Negative value should be indicated by minus sign. Enter your answer in millions.) Net cash flow from investing activities b. What amount should the company report...
Creative Sound Systems sold investments, land, and its own common stock for $40.0 million, $14.0 million,...
Creative Sound Systems sold investments, land, and its own common stock for $40.0 million, $14.0 million, and $38.0 million respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.0 million, $24.0 million, and $11.0 million, respectively. What amount should the company report as net cash flows from investing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (le, $10,100,000 should be...
Carter Containers sold marketable securities, land, and common stock for $40.0 million, $13.5 million, and $35.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $10.0 million, $22.5 million, and $14.6 million, respectively. What amount should Carter report as net cash from financing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash Flows...
Carter Containers sold marketable securities, land, and common stock for $41.0 million, $12.5 million, and $40.0 million, respectively. Carter also purchased treasury stock, equipment, and a patent for $20.5 million, $21.5 million, and $12.6 million, respectively. What amount should Carter report as net cash from investing activities? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Cash Flows...
Brief Exercise 21-8 Sale of land [LO21-3, 21-4, 21-5] On July 15, 2018, M.W. Morgan Distribution sold land for $40.5 million that it had purchased in 2013 for $330iion What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2018, using the direct method? The indirect method? O Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs...
Creative Sound Systems sold investments, land, and its own common stock for $40.0 million, $14.0 million, and $38.0 million. respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.0 million $24.0 million, and $11.0 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease In cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (I.e., 510,100,000 should...
thank you
Creative Sound Systems sold investments, land, and its own common stock for $320 million, $14.8 million, and $39.6 million respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.8 million, $24.8 million, and $11.8 million, respectively. What amount should Creative Sound Systems report as net cash flows from financing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (i.e.,...
Mobile Video Systems sold land, investments, and issued their own common stock for $11 million, $16 million and $21 million respectively. Mobile Video also purchased treasury stock, equipment, and a patent for $2 million $2 million, and $5 million respectively a. What amount should the company report as net cash flows from investing activities? (Negative value should be indicated by minus sign. Enter your answer in millions.) Net cash flow from investing activities b. What amount should the company report...
Creative Sound Systems sold investments, land, and its own common stock for $40.0 million, $14.0 million, and $38.0 million respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.0 million, $24.0 million, and $11.0 million, respectively. What amount should the company report as net cash flows from investing activities? (List cash outflows and any decrease in cash as negative amounts. Round your answers to 1 decimal place. Enter your answers in millions (le, $10,100,000 should be...
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