Homework Answers
Answer
- Statement of Cash flows shows CASH TRANSACTION only, which means ONLY Cash inflow and cash outflow.
- Here, $ 300000 building is purchased, BUT only $ 200000 in Cash is paid.
- Outflow of Cash is $ 200,000
- Purchase of Asset is “Investing activities”.
Hence,
Correct Answer = Option ‘C’ A $ 200000 cash outflow for investing activities.
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21. A company purchases a $300,000 building, paying $200,000 in cash and signing a $100,000 promissory...
On January 1, 2018, Absolutely Bar& Grill purchased a building, paying $57,000 cash and signing a...
On January 1, 2018, Absolutely Bar& Grill purchased a building, paying $57,000 cash and signing a $109,000 note payable. The company paid another $61,000 to remodel the building Furniture and fixtures cost $53,000, and dishes and supplies-a current asset-were obtained for $8,600. All expenditures were for cash. Assume that all of these expenditures occurred on January 1, 2018 1 Requirements 1. Show what the company reported for supplies, plant assets, and cash flows at the end of the first year...
3. An analysis of the machinery accounts of Noller Company for 2015 is as follows: ...
3. An analysis of the machinery accounts of Noller Company for 2015 is as follows: Machinery, Net of Accumulated Accumulated Machinery Depreciation Depreciation Balance at January 1, 2015 $500,000 $125,000 $375,000 Purchases of new machinery in 2015 for cash 200,000 — 200,000 Depreciation in 2015 — 100,000 (100,000) Balance at Dec. 31, 2015 $700,000 $225,000 $475,000 The information concerning Noller's machinery accounts should be shown in Noller's statement of cash flows (indirect method) for the year ended December 31, 2015,...
Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment for $140,000 Issue...
Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment for $140,000 Issued bonds for $100,000. Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable. Fill out the Investing and Financing Section of A Company's cash flow statement. A Company Cash Flow Statement Cash Flow from Investing Activities [ Select] [ Select] [Select] [ Select] Net Cash...
The first image is the original question, the rest are the answer choices for each box....
The first image is the original question, the rest are the
answer choices for each box.
Question 5 2 pts Below is activity for A Company during the year. Sold Equipment for $65,000 Purchased new Equipment for $140,000 Issued bonds for $100,000 Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable Fill out the Investing and Financing Section of A Company's cash flow...
Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment...
Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment for $140,000 Issued bonds for $100,000. Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable. Fill out the Investing and Financing Section of A Company's cash flow statement. A Company Cash Flow Statement Cash Flow from Investing Activities ...
55. Servo industries net income was $300,000. Given the account information De the net cash flows...
55. Servo industries net income was $300,000. Given the account information De the net cash flows from operating activities for Servo Industries? the account information below, what is Decrease in Accounts Receivable Decrease in Salaries Payable Decrease in Inventory Depreciation Expense Increase in Interest Payable $ 50,000 $ 75,000 $ 20,000 $ 35,000 $ 7,000 A) $487,000 B) $323,000. C) $337,000 D) $237,000. 56. Listed below are several transactions. For each transaction, indicate by letter whether the cash effect of...
Question 5 2 pt Below is activity for A Company during the year. Sold Equipment for...
Question 5 2 pt Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment for $140,000 Issued bonds for $100,000. Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable. Fill out the Investing and Financing Section of A Company's cash flow statement. A Company Cash Flow Statement Cash Flow from Investing Activities Galart Select 1 ASUH A...
1. Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new...
1. Below is activity for A Company during the year.
Sold Equipment for $65,000.
Purchased new Equipment for $140,000
Issued bonds for $100,000.
Paid $20,000 in dividends to common stockholders.
Received $200,000 when the company had a seasoned equity
offering (sold common stock).
Paid back a $300,000 Note Payable.
Fill out the Investing and Financing Section of A Company's cash
flow statement.
Cash Flow Statement ASU Cash Flow from Investing Activities Sale of Equipment V [Select] Purchase of new Equipment...
On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of...
On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $47,400. During the 2018 accounting period, the company had (1) net cash inflow from operating activities of $29,600, (2) net cash outflow for investing activities of $37,000, and (3) net cash outflow from financing activities of $18,500. Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) 29,600 MOORE COMPANY Statement of Cash Flows For...
Question 1 (60 points) Match items that appear on the statement of cash flows for the...
Question 1 (60 points) Match items that appear on the statement of cash flows for the year ended 12/31/2014 with the appropriate presentation on the statement. Decrease in salaries payable Increase in accounts receivable 1. added inflow in the operating activities section Net income 2. subtracted outflow in the operating activities section Cash paid for dividends 3. added inflow in the investing activities section Cash paid for construction of building 4 subtracted outflow in the investing activities section Cash received...
On January 1, 2018, Absolutely Bar& Grill purchased a building, paying $57,000 cash and signing a $109,000 note payable. The company paid another $61,000 to remodel the building Furniture and fixtures cost $53,000, and dishes and supplies-a current asset-were obtained for $8,600. All expenditures were for cash. Assume that all of these expenditures occurred on January 1, 2018 1 Requirements 1. Show what the company reported for supplies, plant assets, and cash flows at the end of the first year...
Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment for $140,000 Issued bonds for $100,000. Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable. Fill out the Investing and Financing Section of A Company's cash flow statement. A Company Cash Flow Statement Cash Flow from Investing Activities [ Select] [ Select] [Select] [ Select] Net Cash...
The first image is the original question, the rest are the
answer choices for each box.
Question 5 2 pts Below is activity for A Company during the year. Sold Equipment for $65,000 Purchased new Equipment for $140,000 Issued bonds for $100,000 Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable Fill out the Investing and Financing Section of A Company's cash flow...
55. Servo industries net income was $300,000. Given the account information De the net cash flows from operating activities for Servo Industries? the account information below, what is Decrease in Accounts Receivable Decrease in Salaries Payable Decrease in Inventory Depreciation Expense Increase in Interest Payable $ 50,000 $ 75,000 $ 20,000 $ 35,000 $ 7,000 A) $487,000 B) $323,000. C) $337,000 D) $237,000. 56. Listed below are several transactions. For each transaction, indicate by letter whether the cash effect of...
Question 5 2 pt Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment for $140,000 Issued bonds for $100,000. Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable. Fill out the Investing and Financing Section of A Company's cash flow statement. A Company Cash Flow Statement Cash Flow from Investing Activities Galart Select 1 ASUH A...
1. Below is activity for A Company during the year.
Sold Equipment for $65,000.
Purchased new Equipment for $140,000
Issued bonds for $100,000.
Paid $20,000 in dividends to common stockholders.
Received $200,000 when the company had a seasoned equity
offering (sold common stock).
Paid back a $300,000 Note Payable.
Fill out the Investing and Financing Section of A Company's cash
flow statement.
Cash Flow Statement ASU Cash Flow from Investing Activities Sale of Equipment V [Select] Purchase of new Equipment...
On January 1, 2018, Moore, a fast-food company, had a balance in its Cash account of $47,400. During the 2018 accounting period, the company had (1) net cash inflow from operating activities of $29,600, (2) net cash outflow for investing activities of $37,000, and (3) net cash outflow from financing activities of $18,500. Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) 29,600 MOORE COMPANY Statement of Cash Flows For...
Question 1 (60 points) Match items that appear on the statement of cash flows for the year ended 12/31/2014 with the appropriate presentation on the statement. Decrease in salaries payable Increase in accounts receivable 1. added inflow in the operating activities section Net income 2. subtracted outflow in the operating activities section Cash paid for dividends 3. added inflow in the investing activities section Cash paid for construction of building 4 subtracted outflow in the investing activities section Cash received...
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