Homework Answers
ANs:C) "All of a company's non-current assets". is Correct Answer
Explanation:
The cash flow from investing activities records cash flows from non-current assets i.e. Property plant & equipment, Investments, Intangible assets, etc
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18. Cash transactions relating to the purchase and sale of which types of assets affect a...
QUESTION 16 Which event describes a non-cash Investing and Financing activity? a. Payment of a cash...
QUESTION 16 Which event describes a non-cash Investing and Financing activity? a. Payment of a cash dividend. b. Payment on a Note Payable. Oo. Purchase of inventory on account. d. Issue of Common Stook in exchange for Land. QUESTION 17 The Net Income for the year was $275,000. Depreciation on equipment and Amortization on a patent were $40,000 and 50.000 respectively. Balances in the current assets and current liabilities were as follows: Ending Beginning Cash $50,000 500.000 Acct. Rec. $112.000...
- Flow from Operating Activities? Problem 8-5 Reconstruct Net Book Values Using Statement of L011 Cash...
- Flow from Operating Activities? Problem 8-5 Reconstruct Net Book Values Using Statement of L011 Cash Flows Centralia Stores Inc. had property, plant, and equipment, net of accumulated depreciation, of 64.459,000 and intangible assets, net of accumulated amortization, of $673,000 at December 31, 2016. The company's 2016 statement of cash flows, prepared using the indirect method, included the following items: The Cash Flows from Operating Activities section included three additions to net income: (1) Depreciation expense of $672,000 (2) Amortization...
Which of the following sections of the statement of cash flows include activities that affect current...
Which of the following sections of the statement of cash flows include activities that affect current assets and current liabilities on the balance sheet? (Assume the Indirect method is used) O A. the investing section OB. the financing section O c. the non-cash investing and financing section O D. the operating section
1. A summary of cash transactions is provided in the Appendixes. Based on the cash transactions,...
1. A summary of cash transactions is provided in the Appendixes. Based on the cash transactions, who appears to have done better? Include which components you considered in your answer. 2. Explain what should be considered when deciding who did better"'? 3. Now based on the income statements provided at the end of this document who "did better”? Include which components you considered in your answer. 4. Now based on the balance sheet what evidence is there regarding who "did...
It says that the numbers for cash recieved from sale of investments, cash paid for purchase...
It says that the numbers for cash recieved from sale of
investments, cash paid for purchase of
land, cash paid for purchase of equipment, cash recieved from
sale of common stock and cash paid for dividends is inocrrect. Can
someone please check these?
Dec. 31, 2019 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 323,750 $292,800 105,160 311,350 120,620 Inventories 0 166,050 Investments Land Equipment Accumulated depreciation-equipment 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Total assets Liabilities and Stockholders'...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300)...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 35,500 40,500 (45,500) (11,100) 12,100 (23,100) (3,100) 25,500 (5,100)...
2. Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents 33,000...
2.
Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents 33,000 $26,300 Accounts receivable 19,000 22,000 62,000 59,000 Inventory Prepaid expenses 12,400 10,200 126,400 117,500 Total current assets Property, plant, and equipment 398,000 378,000 199,000 170,100 207,900 Less accumulated depreciation 199,000 Net property, plant, and equipment $325,400 $325,400 Total assets Liabilities and stockholders' equity: Current liabilities: $ 16,200 Accounts payable $11,000 Accrued liabilities 54,000 58,000 Income taxes payable 72,000 74,000 Total current liabilities 142,200 143,000...
Question #14 Finance A company's current cash balance is $20,482,000 and cash flows from operations next...
Question #14 Finance A company's current cash balance is $20,482,000 and cash flows from operations next period remain unchanged. They take ONLY the following actions relating to cash flows from investing and financing activities: Issues 100,000 shares of stock at the current stock price Issues $200,000 of long-term debt • Pays $40,000 in dividends Given this information, which of the following activities will expose them to the most risk of bankruptcy? A Liquidates the entire inventory B. Purchases assets at...
Velo Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $72,800 $33,200 Accounts receivable 86,500...
Velo Company
Comparative Balance Sheets
December 31
Assets
2020
2019
Cash
$72,800
$33,200
Accounts receivable
86,500
70,700
Inventory
170,200
187,000
Land
72,700
100,700
Equipment
260,700
200,600
Accumulated depreciation—equipment
(65,700
)
(33,500
)
Total
$597,200
$558,700
Liabilities and Stockholders’ Equity
Accounts payable
$35,400
$46,500
Bonds payable
149,800
203,300
Common stock ($1 par)
218,000
173,000
Retained earnings
194,000
135,900
Total
$597,200
$558,700
Additional information:
1.
Net income for 2020 was $103,600.
2.
Cash dividends of $45,500 were declared and paid.
3.
Bonds...
QUESTION 16 Which event describes a non-cash Investing and Financing activity? a. Payment of a cash dividend. b. Payment on a Note Payable. Oo. Purchase of inventory on account. d. Issue of Common Stook in exchange for Land. QUESTION 17 The Net Income for the year was $275,000. Depreciation on equipment and Amortization on a patent were $40,000 and 50.000 respectively. Balances in the current assets and current liabilities were as follows: Ending Beginning Cash $50,000 500.000 Acct. Rec. $112.000...
- Flow from Operating Activities? Problem 8-5 Reconstruct Net Book Values Using Statement of L011 Cash Flows Centralia Stores Inc. had property, plant, and equipment, net of accumulated depreciation, of 64.459,000 and intangible assets, net of accumulated amortization, of $673,000 at December 31, 2016. The company's 2016 statement of cash flows, prepared using the indirect method, included the following items: The Cash Flows from Operating Activities section included three additions to net income: (1) Depreciation expense of $672,000 (2) Amortization...
Which of the following sections of the statement of cash flows include activities that affect current assets and current liabilities on the balance sheet? (Assume the Indirect method is used) O A. the investing section OB. the financing section O c. the non-cash investing and financing section O D. the operating section
1. A summary of cash transactions is provided in the Appendixes. Based on the cash transactions, who appears to have done better? Include which components you considered in your answer. 2. Explain what should be considered when deciding who did better"'? 3. Now based on the income statements provided at the end of this document who "did better”? Include which components you considered in your answer. 4. Now based on the balance sheet what evidence is there regarding who "did...
It says that the numbers for cash recieved from sale of
investments, cash paid for purchase of
land, cash paid for purchase of equipment, cash recieved from
sale of common stock and cash paid for dividends is inocrrect. Can
someone please check these?
Dec. 31, 2019 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 323,750 $292,800 105,160 311,350 120,620 Inventories 0 166,050 Investments Land Equipment Accumulated depreciation-equipment 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Total assets Liabilities and Stockholders'...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 31,500 36,500 (41,500) (10,300) 11,300 (22,300) (2,300) 21,500 (4,300)...
Tiger Trade has the following cash transactions for the period. Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 35,500 40,500 (45,500) (11,100) 12,100 (23,100) (3,100) 25,500 (5,100)...
2.
Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents 33,000 $26,300 Accounts receivable 19,000 22,000 62,000 59,000 Inventory Prepaid expenses 12,400 10,200 126,400 117,500 Total current assets Property, plant, and equipment 398,000 378,000 199,000 170,100 207,900 Less accumulated depreciation 199,000 Net property, plant, and equipment $325,400 $325,400 Total assets Liabilities and stockholders' equity: Current liabilities: $ 16,200 Accounts payable $11,000 Accrued liabilities 54,000 58,000 Income taxes payable 72,000 74,000 Total current liabilities 142,200 143,000...
Question #14 Finance A company's current cash balance is $20,482,000 and cash flows from operations next period remain unchanged. They take ONLY the following actions relating to cash flows from investing and financing activities: Issues 100,000 shares of stock at the current stock price Issues $200,000 of long-term debt • Pays $40,000 in dividends Given this information, which of the following activities will expose them to the most risk of bankruptcy? A Liquidates the entire inventory B. Purchases assets at...
Velo Company
Comparative Balance Sheets
December 31
Assets
2020
2019
Cash
$72,800
$33,200
Accounts receivable
86,500
70,700
Inventory
170,200
187,000
Land
72,700
100,700
Equipment
260,700
200,600
Accumulated depreciation—equipment
(65,700
)
(33,500
)
Total
$597,200
$558,700
Liabilities and Stockholders’ Equity
Accounts payable
$35,400
$46,500
Bonds payable
149,800
203,300
Common stock ($1 par)
218,000
173,000
Retained earnings
194,000
135,900
Total
$597,200
$558,700
Additional information:
1.
Net income for 2020 was $103,600.
2.
Cash dividends of $45,500 were declared and paid.
3.
Bonds...
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