Homework Answers
Answer-
| ITEM | AMOUNT | EFFECT ON FINANCING CASH FLOWS | |
| a | Notes payable paid | ($16000) | Decrease |
| b | Cash dividends paid | ($11000) | Decrease |
| c | Machinery purchased in exchange of common stock | $20000 | No Effect |
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7 QS 16-14 Computing financing cash flows LO P3 Indicate which of the following has an...
Indicate which of the following has an effect on financing cash flows. Notes payable with a...
Indicate which of the following
has an effect on financing cash flows. Notes payable with a
carrying value of $19,000 are retired for $22,000 cash, resulting
in a $3,000 loss. Paid cash dividends of $15,000 to common
stockholders. Acquired $24,000 worth of machinery in exchange for
common stock.
Ch 12 Homework Ai Saved QS 12-14 Computing financing cash flows LO P3 20 Indicate which of the following has an effect on financing cash flows. points a. Notes payable with a...
Indicate which of the following has an effect on financing cash flows. (Amounts that decrease cash...
Indicate which of the following has an effect on financing cash flows. (Amounts that decrease cash should be indicated with a minus sign.) a. Notes payable with a carrying value of $15,000 are retired for $16,000 cash, resulting in a $1,000 loss. b. Paid cash dividends of $11,000 to common stockholders. C. Acquired $20,000 worth of machinery in exchange for common stock. Amount Erfect on financing cash flows Items a. Notes payable b. Dividends C. Machinery
QS 16-10 Computing cash flows from financing LO P3 Additional short-term borrowings Purchase of short-term investments...
QS 16-10 Computing cash flows from financing LO P3 Additional short-term borrowings Purchase of short-term investments Cash dividends paid Interest paid $ 77,000 19,300 61,800 30,900 DOR Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indi a minus sign.) Financing Activities $ < Prey 7 of 14 !!! Next >
QS 16-12 Computing cash flows from investing LO P3
QS 16-12 Computing cash flows from investing LO P3 Sale of short-term stock investments$6,000Cash collections from customers16,000Purchase of used equipment5,000Depreciation expense2,000Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's...
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets At Common stock, $10 par value 201 Retained sarninein excess of pan $ 130,000 122,000 589,000 353,ee0 335,500 309,500 Retained earnings The company's net income for the year ended December 31, 2017, was $59,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg bal End bal Paid-in...
need help with table 2 QS 16-9 Computing financing cash flows LO P3 The following selected...
need help with table 2
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2017 2016 $ 134,000 $ 128,000 595,000 356,000 341,500 315,500 The company's net income for the year ended December 31, 2017, was $62,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during...
QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company’s...
QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company’s comparative balance sheets. At December 31 2017 2016 Common stock, $10 par value $ 118,000 $ 114,000 Paid-in capital in excess of par 581,000 349,000 Retained earnings 327,500 301,500 The company’s net income for the year ended December 31, 2017, was $55,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017. Common Stock, $10...
QS 16-8 Computing cash flows from investing LO P3
QS 16-8 Computing cash flows from investing LO P3Sale of short-term investnents$2,200Cash colleotions from customers5,800Purchase of used equipment1,900Depreciation expense700Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.)
Exercise 12-8 Cash flows from financing activities LO P3 16.66 points a. Net income was $35,000....
Exercise 12-8 Cash flows from financing activities LO P3 16.66 points a. Net income was $35,000. b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value. e. Paid $12,000 cash to acquire its treasury stock. f. Purchased equipment for $39,000 cash. eBook Print Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated...
QS 16-10 Computing investing cash flows LO P3
Required informationUse the following information for the Quick Study below.[The following information applies to the questions displayed below.]The plant assets section of the comparative balance sheets of Anders Company is reported below.ANDERS COMPANYComparative Balance Sheets20192018Plant assetsEquipment$180,000$270,000Accumulated depreciation—Equipment(100,000)(210,000)Equipment, net$80,000$60,000Buildings$380,000$400,000Accumulated depreciation—Buildings(100,000)(285,000)Buildings, net$280,000$115,000QS 16-10 Computing investing cash flows LO P3During 2019, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. 1. How much cash did Anders receive from the sale of equipment?2. How much depreciation...
Indicate which of the following
has an effect on financing cash flows. Notes payable with a
carrying value of $19,000 are retired for $22,000 cash, resulting
in a $3,000 loss. Paid cash dividends of $15,000 to common
stockholders. Acquired $24,000 worth of machinery in exchange for
common stock.
Ch 12 Homework Ai Saved QS 12-14 Computing financing cash flows LO P3 20 Indicate which of the following has an effect on financing cash flows. points a. Notes payable with a...
Indicate which of the following has an effect on financing cash flows. (Amounts that decrease cash should be indicated with a minus sign.) a. Notes payable with a carrying value of $15,000 are retired for $16,000 cash, resulting in a $1,000 loss. b. Paid cash dividends of $11,000 to common stockholders. C. Acquired $20,000 worth of machinery in exchange for common stock. Amount Erfect on financing cash flows Items a. Notes payable b. Dividends C. Machinery
QS 16-10 Computing cash flows from financing LO P3 Additional short-term borrowings Purchase of short-term investments Cash dividends paid Interest paid $ 77,000 19,300 61,800 30,900 DOR Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indi a minus sign.) Financing Activities $ < Prey 7 of 14 !!! Next >
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets At Common stock, $10 par value 201 Retained sarninein excess of pan $ 130,000 122,000 589,000 353,ee0 335,500 309,500 Retained earnings The company's net income for the year ended December 31, 2017, was $59,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg bal End bal Paid-in...
need help with table 2
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings 2017 2016 $ 134,000 $ 128,000 595,000 356,000 341,500 315,500 The company's net income for the year ended December 31, 2017, was $62,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during...
Exercise 12-8 Cash flows from financing activities LO P3 16.66 points a. Net income was $35,000. b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value. e. Paid $12,000 cash to acquire its treasury stock. f. Purchased equipment for $39,000 cash. eBook Print Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated...
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