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Ans :
13. Option C , $ 207,900
| Cash flow from operations | |
| cash flow from operating activity | 314000 |
| less: Depreciation | 89600 |
| less: Amortization on patents | 16500 |
| Net Income | 207900 |
14. Option C , $ 2018000
| Cash flow from financing activity | |
| Dividend paid | -492000 |
| issuing bonds | 1600000 |
| issuing prefered stock | 2060000 |
| treasury stock | -1150000 |
| Total | 2018000 |
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i get answers for these 2 questions, with some exolanation please !
Question 13 View...
Question 17 Calvin Company provided the following information during 2017: Purchase of land by issuing bonds...
Question 17 Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from issuing long-term debt Dividends paid to shareholders Proceeds from issuing stock Proceeds from sale of building Purchases of inventories Purchase of treasury stock $ 550,000 300,000 120.000 300,000 360,000 800.000 430,000 How much is 'net cash provided by financing activities during 2017? $(500,000) $550.000 $50.000 $600.000
Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from...
Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from issuing long-term debt Dividends paid to shareholders Proceeds from issuing stock Proceeds from sale of building Purchases of inventories Purchase of treasury stock $ 550,000 300,000 120.000 300,000 360,000 800,000 430,000 How much is 'net cash provided (used) by investing activities' during 2017? $790.000 $360.000 $910.000 S(120.000) tie 17
Please answer 20-24 20) Jets Company reported net income of $400,000 for the year ended 12/31/21....
Please answer 20-24 20) Jets Company reported net income of $400,000 for the year ended 12/31/21. Included in the computation of net income were: depreciation expense, $82,000; amortization of a patent, $55,000; and amortization of a bond discount, $12,000. Jets paid a $84,000 dividend during the year. The net cash provided by operating activities would be reported at________ 21) Future taxable amounts is calculated using the future enacted tax rate. (answer True or False) 22) Pretax income and income before...
Please write the steps to get the answers. P15.7 (LO 3) (Cash Dividend Entries) The books...
Please write the steps to get the answers.
P15.7 (LO 3) (Cash Dividend Entries) The books of Conchita Corporation carried the following account balances as of December 31, 2020. Cash 195,000 Preferred Stock (6% cumulative, 300,000 nonparticipating, $50 par) Common Stock (no-par value, 300,000 1,500,000 shares issued) Paid-in Capital in Excess of Par-Preferred 150,000 Stock Treasury Stock (common 2,800 shares at 33,600 cost) Retained Earnings 105,000 The company decided not to pay any dividends in 2020. The board of directors,...
QUESTION 5 (Points 30) 5. The accounting staff of Sparks INC has assembled the following information...
QUESTION 5 (Points 30)
5. The accounting staff of Sparks INC has assembled the
following information for the year ended December 31, 2019:
5.1. Prepare a statement of cash flows in the format Example
below (Allison corporation) Place brackets around amounts
representing cash outflows. Use the direct method of reporting cash
flows from operating activities.
5.2. Some of the items above will be listed in your statement
without change. However, you will have to combine certain given
information to compute...
Please help me out! If you can give answers as well as the explanation, that would...
Please help me out! If you can give answers
as well as the explanation, that would be much appreciated!!
The balance sheet data of Bramble Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land $29,700 55.000 64,500 14,900 90,200 (18,040) 69,800 $306,060 $34,800 45,000 45,100 24,900 75,600 (8,000) 40,100 $257,500 $64,700 14,800 -0- Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10...
Please show me the steps on how to get this answer 22.5-11a Question Help Tandoor Inc....
Please show me the steps on how to get this answer
22.5-11a Question Help Tandoor Inc. financial statements included the following amounts for the current year $73,000 33,000 Retired bonds Proceeds from collection of note receivable Dividends received 45,000 Acquired production machinery with cash Sold treasury stock 60,000 38,000 Based on this information, what is the amount of net cash provided (used) by investing activities? O A. $35,000 net outflow O B. $13,000 net inflow C. $93,000 net inflow D....
Hi there - Can I please get some assistance with the very last portion of this...
Hi there - Can I please get some assistance with the very last
portion of this question?
Accounting Cycle Review 15 a-e Sandhill Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable $26,500 56,000 23,000 68,000 99.600 33,000 $410 31,500 14,200 19,400 -0- -0- 7,200 50,000 30,000 6,000 Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable...
i need help finding question 3. but it will be helpfull too if you can help...
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please answer full question The following information is available from Bromfield Co.'s accounting records for the...
please answer full question
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): $ 334 1.327 Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock roceeds from the sale of equipment Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the...
Question 17 Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from issuing long-term debt Dividends paid to shareholders Proceeds from issuing stock Proceeds from sale of building Purchases of inventories Purchase of treasury stock $ 550,000 300,000 120.000 300,000 360,000 800.000 430,000 How much is 'net cash provided by financing activities during 2017? $(500,000) $550.000 $50.000 $600.000
Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from issuing long-term debt Dividends paid to shareholders Proceeds from issuing stock Proceeds from sale of building Purchases of inventories Purchase of treasury stock $ 550,000 300,000 120.000 300,000 360,000 800,000 430,000 How much is 'net cash provided (used) by investing activities' during 2017? $790.000 $360.000 $910.000 S(120.000) tie 17
Please write the steps to get the answers.
P15.7 (LO 3) (Cash Dividend Entries) The books of Conchita Corporation carried the following account balances as of December 31, 2020. Cash 195,000 Preferred Stock (6% cumulative, 300,000 nonparticipating, $50 par) Common Stock (no-par value, 300,000 1,500,000 shares issued) Paid-in Capital in Excess of Par-Preferred 150,000 Stock Treasury Stock (common 2,800 shares at 33,600 cost) Retained Earnings 105,000 The company decided not to pay any dividends in 2020. The board of directors,...
QUESTION 5 (Points 30)
5. The accounting staff of Sparks INC has assembled the
following information for the year ended December 31, 2019:
5.1. Prepare a statement of cash flows in the format Example
below (Allison corporation) Place brackets around amounts
representing cash outflows. Use the direct method of reporting cash
flows from operating activities.
5.2. Some of the items above will be listed in your statement
without change. However, you will have to combine certain given
information to compute...
Please help me out! If you can give answers
as well as the explanation, that would be much appreciated!!
The balance sheet data of Bramble Company at the end of 2020 and 2019 are shown below. 2020 2019 Cash Accounts receivable (net) Inventory Prepaid expenses Equipment Accumulated depreciation-equipment Land $29,700 55.000 64,500 14,900 90,200 (18,040) 69,800 $306,060 $34,800 45,000 45,100 24,900 75,600 (8,000) 40,100 $257,500 $64,700 14,800 -0- Accounts payable Accrued expenses Notes payable-bank, long-term Bonds payable Common stock, $10...
Please show me the steps on how to get this answer
22.5-11a Question Help Tandoor Inc. financial statements included the following amounts for the current year $73,000 33,000 Retired bonds Proceeds from collection of note receivable Dividends received 45,000 Acquired production machinery with cash Sold treasury stock 60,000 38,000 Based on this information, what is the amount of net cash provided (used) by investing activities? O A. $35,000 net outflow O B. $13,000 net inflow C. $93,000 net inflow D....
Hi there - Can I please get some assistance with the very last
portion of this question?
Accounting Cycle Review 15 a-e Sandhill Corporation's trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Debit Credit Cash Accounts Receivable $26,500 56,000 23,000 68,000 99.600 33,000 $410 31,500 14,200 19,400 -0- -0- 7,200 50,000 30,000 6,000 Inventory Land Buildings Equipment Allowance for Doubtful Accounts Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Accounts Payable...
please answer full question
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): $ 334 1.327 Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock roceeds from the sale of equipment Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the...
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