Homework Answers
Cost of land = Proceeds from sale of land-Gain on the disposal of land
= 125000-65000
Cost of land = $60000
So answer is d) $60000
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Use the following information to answer the question: MM Stand Corporation's statement of cash flows for...
QUESTION 10 8.334 points Use the following information to answer the question: Proceeds from the sale...
QUESTION 10 8.334 points Use the following information to answer the question: Proceeds from the sale of marketable securities Purchase of land Proceeds from the sale of land Net cash provided by investing activities $160,000 (250,000) 125,000 $35,000 Lester's income statement for 2016 includes the following: Loss on the sale of marketable securities Gain on the disposal of land $47,000 65,000 Lester's balance sheet at the end of 2017 showed investment in marketable securities at $250,000. On the basis of...
21) Which of the following would be added to net income when determining cash flows 21)...
21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
21) Which of the following would be added to net income when determining cash flows 21)...
21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a)...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund's operating-cash-flow-to-current-liabilities ratio. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 $11,000 4,000 3,000 7,000 22,000 16,000 1,000 90,000 60,000 35,000 17,000 29,000 5,000 13,000 78,000 3,000 120,000 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to...
Need some help with this. don't think this is correct. Need someone to provide correct answer...
Need some help with this. don't think this is correct. Need
someone to provide correct answer alongside explanation:
Below selected information for Flint Corporation for December 31. All purchases were paid for by cash. Land was sold for cash at a loss of $4,600. Equipment with a cost of $50,000 and accumulated depreciation of $40,000 was sold for cash at a gain of $2,800. No other transactions occurred. 2018 2017 Land $105,000 $250,000 Buildings 160,000 80,000 Accumulated Depreciation Buildings 49,100...
How they get " net decrease in cash 265000" ? what numbers exactly they caluclted ?...
How they get " net decrease in cash 265000" ?
what numbers exactly they caluclted ?
Cash balance 30/6/19 125,000 6,500 Loss on sale of vehicle Income tax payments Cash paid to suppliers Cash received from customers Proceeds from sale of land 35,000 156,000 445,000 180,000 316,000 65,000 47,000 225.000 Proceeds from issue of shares Depreciation expense Interest payments Investment in computing equipment Payments of dividends to shareholders Proceeds from sale of equipment Payments to employees Payments of long-term debt...
Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from...
Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from the sale of marketable securities Proceeds from the issuance of capital stock Proceeds from the issuance of bonds payable Payments to settle short-term debt Interest and dividends received Cash received from customers Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $370,000 17,500 280,000 55,000 32,500 10,000 1,310,000 130,000 1,030,000 25,000 70,000 EAGLES' cash flow from investing activities during 2014...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method: Accounts payable increase $14,000 Accounts receivable increase 7,000 Accrued liabilities decrease 5,000 Amortization expense 31,000 Cash balance, January 1 21,000 Cash balance, December 31 141,000 Cash paid as dividends 41,000 Cash paid to purchase land 81,000 Cash paid to retire bonds payable at par 70,000 Cash received from issuance of common stock 75,000 Cash received...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation to prepare...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation to prepare a statement of cash flows using the indirect method Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock 75,000 Cash received from sale of equipment Depreciation expense Gain on sale...
In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss...
In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment $14,000 Purchase of equipment $145,000 Proceeds from the sale of equipment $126,000 Repayment of outstanding bonds $87,000 Purchase of treasury stock $62,000 Issuance of common stock $96,000 Purchase of land $115,000 Increase in accounts receivable during the year $43,000 Decrease in accounts payable during the year $75,000 Payment of cash dividends $35,000 Net cash flows from...
QUESTION 10 8.334 points Use the following information to answer the question: Proceeds from the sale of marketable securities Purchase of land Proceeds from the sale of land Net cash provided by investing activities $160,000 (250,000) 125,000 $35,000 Lester's income statement for 2016 includes the following: Loss on the sale of marketable securities Gain on the disposal of land $47,000 65,000 Lester's balance sheet at the end of 2017 showed investment in marketable securities at $250,000. On the basis of...
21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Lund Corporation to (a) prepare a statement of cash flows using the indirect method and (b) compute Lund's operating-cash-flow-to-current-liabilities ratio. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 $11,000 4,000 3,000 7,000 22,000 16,000 1,000 90,000 60,000 35,000 17,000 29,000 5,000 13,000 78,000 3,000 120,000 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to...
Need some help with this. don't think this is correct. Need
someone to provide correct answer alongside explanation:
Below selected information for Flint Corporation for December 31. All purchases were paid for by cash. Land was sold for cash at a loss of $4,600. Equipment with a cost of $50,000 and accumulated depreciation of $40,000 was sold for cash at a gain of $2,800. No other transactions occurred. 2018 2017 Land $105,000 $250,000 Buildings 160,000 80,000 Accumulated Depreciation Buildings 49,100...
How they get " net decrease in cash 265000" ?
what numbers exactly they caluclted ?
Cash balance 30/6/19 125,000 6,500 Loss on sale of vehicle Income tax payments Cash paid to suppliers Cash received from customers Proceeds from sale of land 35,000 156,000 445,000 180,000 316,000 65,000 47,000 225.000 Proceeds from issue of shares Depreciation expense Interest payments Investment in computing equipment Payments of dividends to shareholders Proceeds from sale of equipment Payments to employees Payments of long-term debt...
Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from the sale of marketable securities Proceeds from the issuance of capital stock Proceeds from the issuance of bonds payable Payments to settle short-term debt Interest and dividends received Cash received from customers Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $370,000 17,500 280,000 55,000 32,500 10,000 1,310,000 130,000 1,030,000 25,000 70,000 EAGLES' cash flow from investing activities during 2014...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method: Accounts payable increase $14,000 Accounts receivable increase 7,000 Accrued liabilities decrease 5,000 Amortization expense 31,000 Cash balance, January 1 21,000 Cash balance, December 31 141,000 Cash paid as dividends 41,000 Cash paid to purchase land 81,000 Cash paid to retire bonds payable at par 70,000 Cash received from issuance of common stock 75,000 Cash received...
Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremantle Corporation to prepare a statement of cash flows using the indirect method Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock 75,000 Cash received from sale of equipment Depreciation expense Gain on sale...
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