Homework Answers
| Sandhill Co. | ||
| Statement of Cash Flows | ||
| For the year ended December 31, 2022 | ||
| Cash flows from operating activities: | ||
| Cash received from customers | $132,300 | |
| Cash paid to suppliers | ($104,200) | |
| Net cash provided by operating activities | $28,100 | |
| Cash flows from investing activities | ||
| Cash paid to purchase equipment | ($11,200) | |
| Net cash used by investing activities | ($11,200) | |
| Cash flows from financing activities | ||
| Cash received from issuing common stock | $21,600 | |
| Cash dividend paid | ($7,600) | |
| Net cash provided by financing activities | $14,000 | |
| Net decrease in cash | $30,900 | |
| Cash at Beginning of Period | $9,500 | |
| Cash at End of Period | $40,400 | |
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rdings Presented below is selected financial information for Sandhill Co. for December 31, 2022 $11.200 38,700...
Presented below is selected financial information for Sandhill Co. for December 31, 2022. Inventory $24,900 Cash...
Presented below is selected financial information for Sandhill Co. for December 31, 2022. Inventory $24,900 Cash paid to purchase equipment $12.300 Cash paid to suppliers 104,300 Equipmant 37,900 Buildings 199,200 Service revenue 100,400 Cash received from customers Common stock 49.000 133,000 Cash dividends paid 7,700 Cash rsceived from issuing common stock 22.000 Cash at beginning of period 7,800 (a) Prepare the statement of cash fiovs for Sandhill Co. (Showamounts that decrease cash fiow either with a negative sign preceding the...
Presented below is selected financial information for Tamarisk, Inc. for the year ended December 31, 2017...
Presented below is selected financial information for Tamarisk, Inc. for the year ended December 31, 2017 Inventoryy Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 24,400 Cash paid to purchase equipment 104,900 Equipment 198,200 Service revenue 11,000 38,500 106,200 132,000 5,500 Cash received from issuing common stock 21,500 49,800 Cash received from customers 8,100 (a) Prepare the statement of cash flows for Tamarisk, Inc. (Show amounts that decrease cash flow either with a...
Presented below is selected financial information for Blossom Company for December 31, 2022. Inventory $ 25,100...
Presented below is selected financial information for Blossom Company for December 31, 2022. Inventory $ 25,100 Cash paid to purchase equipment $ 11,500 Cash paid to suppliers 104,800 Equipment 38,800 Buildings 199,400 Service revenue 104,600 Common stock 50,200 Cash received from customers 131,400 Cash dividends paid 6,700 Cash received from issuing common stock 22,700 Cash at beginning of period 7,700 (a) Prepare the statement of cash flows for Blossom Company. (Show amounts that decrease cash flow either with a negative...
In Accounting Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory...
In Accounting
Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory $ 24,300 Cash paid to purchase equipment $ 11,200 Cash paid to suppliers 39,800 103,100 Equipment 200,800 Service revenue Buildings 103,500 Common stock 50,100 Cash received from customers 5,600 Cash received from issuing common stock 133,000 21,900 Cash dividends paid Cash at beginning of period 8,700 Prepare the statement of cash flows for Cullumber Company. (Show amounts that decrease cash flow either with a...
Problem 1-4 Presented below is selected financial information for Oriole Company for December 31, 2017. Inventory...
Problem 1-4 Presented below is selected financial information for Oriole Company for December 31, 2017. Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $ 24,100 Cash paid to purchase equipment 104,100 Equipment 200,700 Service revenue 49,000 Cash received from customers 7,600 Cash received from issuing common stock 8,000 $ 12,100 40,900 106,400 131,000 21,500 Oriole Company Statement of Cash Flows
Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for...
Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for Kingbird, Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 7,400 $12,000 42,700 103,400 132,400 7,100 Cash received from issuing common stock 21,800 $24,500 Cash paid to purchase equipment 103,900 Equipment 199,800 Service revenue 50,100 Cash received from customers (a) Prepare the statement of cash flows for Kingbird, Inc. (Show amounts that decrease cash flow either with...
Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December...
Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December 31, 2017 Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $25,900 Cash paid to purchase equipment 103,700 Equipment 199,200 Service revenue $12,500 41,600 103,400 132,100 6,100 Cash received from issuing common stock 21,900 49,300 Cash received from customers 7,400 Coronado Industries Statement of Cash Flows For the Year Ended December 31, 2017-
Problem 12-08A Presented below are the financial statements of Sandhill Company. Assets Sandhill Company Comparative Balance...
Problem 12-08A Presented below are the financial statements of Sandhill Company. Assets Sandhill Company Comparative Balance Sheets December 31 2022 Cash $ 63,000 Accounts receivable 36,000 Inventory 50,400 Property, plant, and equipment 108,000 Accumulated depreciation (57.600 Total $199,800 2021 $36,000 25,200 36,000 140,400 (43,200) $194,400 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 34,200 12,600 30,600 32,400 90,000 $199,800 $ 27,000 14,400 59,400 25,200 68.400 $194,400 $435,600 315,000 120,600 Sandhill Company...
This information is for Sheridan Company for the year ended December 31, 2022. Cash received from...
This information is for Sheridan Company for the year ended December 31, 2022. Cash received from lenders Cash received from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliers Cash balance 1/1/22 $22,800 45,600 27,500 6,800 16,900 11.900 Prepare the 2022 statement of cash flows for Sheridan Company. (Show amounts that decrease cash flow either with a negative sin preceding the number e.g. -15,000 or in parentheses e.s. (15,000).) Sheridan Company Statement of Cash Flows For...
Selected financial statement information and additional data for Stanislaus Co. is presented below
Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2018.Additional data for 2018 1 Net income was $220,200. 2 Depreciation was $31,600. 3 Land was sold at its original cost. 4 Dividends of $81,600 were paid. 5 Equipment was purchased for $84,000 cash. 6. A long-term note for $201,600 was used to pay for an equipment purchase.7. Common stock was issued to pay a $67,200 long-term note payable.
Presented below is selected financial information for Sandhill Co. for December 31, 2022. Inventory $24,900 Cash paid to purchase equipment $12.300 Cash paid to suppliers 104,300 Equipmant 37,900 Buildings 199,200 Service revenue 100,400 Cash received from customers Common stock 49.000 133,000 Cash dividends paid 7,700 Cash rsceived from issuing common stock 22.000 Cash at beginning of period 7,800 (a) Prepare the statement of cash fiovs for Sandhill Co. (Showamounts that decrease cash fiow either with a negative sign preceding the...
Presented below is selected financial information for Tamarisk, Inc. for the year ended December 31, 2017 Inventoryy Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 24,400 Cash paid to purchase equipment 104,900 Equipment 198,200 Service revenue 11,000 38,500 106,200 132,000 5,500 Cash received from issuing common stock 21,500 49,800 Cash received from customers 8,100 (a) Prepare the statement of cash flows for Tamarisk, Inc. (Show amounts that decrease cash flow either with a...
Presented below is selected financial information for Blossom Company for December 31, 2022. Inventory $ 25,100 Cash paid to purchase equipment $ 11,500 Cash paid to suppliers 104,800 Equipment 38,800 Buildings 199,400 Service revenue 104,600 Common stock 50,200 Cash received from customers 131,400 Cash dividends paid 6,700 Cash received from issuing common stock 22,700 Cash at beginning of period 7,700 (a) Prepare the statement of cash flows for Blossom Company. (Show amounts that decrease cash flow either with a negative...
In Accounting
Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory $ 24,300 Cash paid to purchase equipment $ 11,200 Cash paid to suppliers 39,800 103,100 Equipment 200,800 Service revenue Buildings 103,500 Common stock 50,100 Cash received from customers 5,600 Cash received from issuing common stock 133,000 21,900 Cash dividends paid Cash at beginning of period 8,700 Prepare the statement of cash flows for Cullumber Company. (Show amounts that decrease cash flow either with a...
Problem 1-4 Presented below is selected financial information for Oriole Company for December 31, 2017. Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $ 24,100 Cash paid to purchase equipment 104,100 Equipment 200,700 Service revenue 49,000 Cash received from customers 7,600 Cash received from issuing common stock 8,000 $ 12,100 40,900 106,400 131,000 21,500 Oriole Company Statement of Cash Flows
Problem 1-4A Inc. for the year ended December 31,2017 Presented below is selected financial information for Kingbird, Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period 7,400 $12,000 42,700 103,400 132,400 7,100 Cash received from issuing common stock 21,800 $24,500 Cash paid to purchase equipment 103,900 Equipment 199,800 Service revenue 50,100 Cash received from customers (a) Prepare the statement of cash flows for Kingbird, Inc. (Show amounts that decrease cash flow either with...
Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December 31, 2017 Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $25,900 Cash paid to purchase equipment 103,700 Equipment 199,200 Service revenue $12,500 41,600 103,400 132,100 6,100 Cash received from issuing common stock 21,900 49,300 Cash received from customers 7,400 Coronado Industries Statement of Cash Flows For the Year Ended December 31, 2017-
Problem 12-08A Presented below are the financial statements of Sandhill Company. Assets Sandhill Company Comparative Balance Sheets December 31 2022 Cash $ 63,000 Accounts receivable 36,000 Inventory 50,400 Property, plant, and equipment 108,000 Accumulated depreciation (57.600 Total $199,800 2021 $36,000 25,200 36,000 140,400 (43,200) $194,400 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $ 34,200 12,600 30,600 32,400 90,000 $199,800 $ 27,000 14,400 59,400 25,200 68.400 $194,400 $435,600 315,000 120,600 Sandhill Company...
This information is for Sheridan Company for the year ended December 31, 2022. Cash received from lenders Cash received from customers Cash paid for new equipment Cash dividends paid Cash paid to suppliers Cash balance 1/1/22 $22,800 45,600 27,500 6,800 16,900 11.900 Prepare the 2022 statement of cash flows for Sheridan Company. (Show amounts that decrease cash flow either with a negative sin preceding the number e.g. -15,000 or in parentheses e.s. (15,000).) Sheridan Company Statement of Cash Flows For...
Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31, 2018.Additional data for 2018 1 Net income was $220,200. 2 Depreciation was $31,600. 3 Land was sold at its original cost. 4 Dividends of $81,600 were paid. 5 Equipment was purchased for $84,000 cash. 6. A long-term note for $201,600 was used to pay for an equipment purchase.7. Common stock was issued to pay a $67,200 long-term note payable.
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