Homework Answers
Proceeds from the issuance from bonds payable = $900,000 (provided)
Less: Dividends paid = $120,000 (used)
Net cash Provided by Financing Activities $780,000.
So, Provided : $780,000
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Brief Exercise 12-03 The following T-account is a summary of the cash account of Sage Hill...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary Form) Balance, Jan 1 Receipts from customers Dividends on stock investments6,400 Payments for operating expenses 130.000 Proceeds from sale of equipment 39400 Interest paid Proceeds from issuance of 8.100 330,700 Payments for soods 188,100 10.200 7,600 42,000 Taxes paid bonds payable 321.100 Dividends paid Balance, Dec 31 327 What amount of net cash provided (used) by financing activities should be reported in the statement...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary Form) Balance, Jan 1 Receipts from customers Dividends on stock investments6,400 Payments for operating expenses 130.000 Proceeds from sale of equipment 39400 Interest paid Proceeds from issuance of 8.100 330,700 Payments for soods 188,100 10.200 7,600 42,000 Taxes paid bonds payable 321.100 Dividends paid Balance, Dec 31 327 What amount of net cash provided (used) by financing activities should be reported in the statement...
he following T-account is a summary of the cash account of Indigo Corporation. Cash (Summary Form)...
he following T-account is a summary of the cash account of Indigo Corporation. Cash (Summary Form) Balance, Jan. 1 11,200 Receipts from customers 509,600 Payments for goods 280,000 Dividends on stock investments 8,400 Payments for operating expenses 196,000 Proceeds from sale of equipment 50,400 Interest paid 14,000 Proceeds from issuance of Taxes paid 11,200 bonds payable 420,000 Dividends paid 56,000 Balance, Dec. 31 442,400 What amount of net cash provided (used) by financing activities should be reported in the statement...
Brief Exercise 17-03 The following T-account is a summary of the Cash account of Cuellar Company....
Brief Exercise 17-03 The following T-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form) Balance, Jan. 1 7,000 Receipts from customers 368,600 Payments for goods Dividends on stock investments 5,400 Payments for operating expenses Proceeds from sale of equipment 36,000 Interest paid Proceeds from issuance of Taxes paid bonds payable 499,200 Dividends paid Balance, Dec. 31 476,100 220,800 139,200 10,500 8,900 60,700 What amount of net cash provided (used) by financing activities should be reported...
Your answer is partially correct. Try again. The following T-account is a summary of the cash...
Your answer is partially correct. Try again. The following T-account is a summary of the cash account of Teal Mountain Company. Cash (Summary Form) Balance, Jan. 1 17,600 Receipts from customers 800,800 Payments for goods Dividends on stock investments 13,200 Payments for operating expenses Proceeds from sale of equipment 79,200 Interest paid Proceeds from issuance of Taxes paid bonds payable 660,000 Dividends paid Balance, Dec. 31 695,200 440,000 308,000 22,000 17,600 88,000 What amount of net cash provided (used) by...
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Sage Hill Inc had the following balance sheet at December 31, 2016. SAGE HILL INC. BALANCE SHEET DECEMBER 31, 2016 Cash $9.300 Accounts payable Accounts receivable 12.300 Bonds payable Investments 13,500 Common stock Plant assets (net) 36,900 Retained earnings Land 16,500 $88,500 $15,200 9,500 36,300 27.500 $88.500 During 2017, the following occurred. 1. Net income was $26,600. 2. Depreciation expense was $8,400. 3. Sage Hill liquidated its investment portfolio (comprised of available-for-sale investments), realizing a $4,200 loss. 4. Sage Hill...
BE 12-3: The following T-account is a summary of the Cash account of Cuellar Company. What...
BE 12-3: The following T-account is a summary of the Cash
account of Cuellar Company.
What amount of net cash provided (used) by financing activities
should be reported in the statement of cash flows?
Cash (Summary Form) Balance, Jan. 1 8,000 364,000 Payments for goods 6,000 Payments for operating expenses 36,000 Interest paid 300,000 Taxes paid Dividends paid Receipts from customers 200,000 Dividends on stock investments 140,000 Proceeds from sale of equipment 10,000 Proceeds from issuance of bonds payable 8,000...
Brief Exercise 12-10 Riverbed Corp reported net cash provided by operating activities of $375,000, net cash...
Brief Exercise 12-10 Riverbed Corp reported net cash provided by operating activities of $375,000, net cash used by investing activities of $238,300, and net cash provided by financing activities of $65,100. In addition, cash spent for capital assets during the period was $210,700. No dividends were paid. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow
Problem 3-5 Sage Hill Inc. was started on May 1. A summary of May transactions is...
Problem 3-5 Sage Hill Inc. was started on May 1. A summary of May transactions is presented below. 1. Stockholders invested $24,500 cash in the business in exchange for common stock. 2. Purchased equipment for $5,000 cash. 3. Paid $300 cash for May office rent. Paid $500 cash for supplies. Incurred $300 of advertising costs in the Beacon News on account. Received $4,400 in cash from customers for performing repair service. Paid a $1,600 cash dividend. 8. Paid part-time employee...
Exercise 12-17 The following information is available for Metlock, Inc. for 2022. Cash used to purchase...
Exercise 12-17 The following information is available for Metlock, Inc. for 2022. Cash used to purchase treasury stock Cash dividends paid Cash paid for interest Net income Sales revenue Cash paid for taxes Cash received from customers Cash received from sale of building (at book value) Cash paid for operating expenses Beginning cash balance Cash paid for goods and services Cash received from issuing common stock Cash paid to redeem bonds at maturity Cash paid to purchase equipment $ 71,188...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary Form) Balance, Jan 1 Receipts from customers Dividends on stock investments6,400 Payments for operating expenses 130.000 Proceeds from sale of equipment 39400 Interest paid Proceeds from issuance of 8.100 330,700 Payments for soods 188,100 10.200 7,600 42,000 Taxes paid bonds payable 321.100 Dividends paid Balance, Dec 31 327 What amount of net cash provided (used) by financing activities should be reported in the statement...
The following T-account is a summary of the cash account of Sage Hill Company Cash (Summary Form) Balance, Jan 1 Receipts from customers Dividends on stock investments6,400 Payments for operating expenses 130.000 Proceeds from sale of equipment 39400 Interest paid Proceeds from issuance of 8.100 330,700 Payments for soods 188,100 10.200 7,600 42,000 Taxes paid bonds payable 321.100 Dividends paid Balance, Dec 31 327 What amount of net cash provided (used) by financing activities should be reported in the statement...
Brief Exercise 17-03 The following T-account is a summary of the Cash account of Cuellar Company. Cash (Summary Form) Balance, Jan. 1 7,000 Receipts from customers 368,600 Payments for goods Dividends on stock investments 5,400 Payments for operating expenses Proceeds from sale of equipment 36,000 Interest paid Proceeds from issuance of Taxes paid bonds payable 499,200 Dividends paid Balance, Dec. 31 476,100 220,800 139,200 10,500 8,900 60,700 What amount of net cash provided (used) by financing activities should be reported...
Your answer is partially correct. Try again. The following T-account is a summary of the cash account of Teal Mountain Company. Cash (Summary Form) Balance, Jan. 1 17,600 Receipts from customers 800,800 Payments for goods Dividends on stock investments 13,200 Payments for operating expenses Proceeds from sale of equipment 79,200 Interest paid Proceeds from issuance of Taxes paid bonds payable 660,000 Dividends paid Balance, Dec. 31 695,200 440,000 308,000 22,000 17,600 88,000 What amount of net cash provided (used) by...
Sage Hill Inc had the following balance sheet at December 31, 2016. SAGE HILL INC. BALANCE SHEET DECEMBER 31, 2016 Cash $9.300 Accounts payable Accounts receivable 12.300 Bonds payable Investments 13,500 Common stock Plant assets (net) 36,900 Retained earnings Land 16,500 $88,500 $15,200 9,500 36,300 27.500 $88.500 During 2017, the following occurred. 1. Net income was $26,600. 2. Depreciation expense was $8,400. 3. Sage Hill liquidated its investment portfolio (comprised of available-for-sale investments), realizing a $4,200 loss. 4. Sage Hill...
BE 12-3: The following T-account is a summary of the Cash
account of Cuellar Company.
What amount of net cash provided (used) by financing activities
should be reported in the statement of cash flows?
Cash (Summary Form) Balance, Jan. 1 8,000 364,000 Payments for goods 6,000 Payments for operating expenses 36,000 Interest paid 300,000 Taxes paid Dividends paid Receipts from customers 200,000 Dividends on stock investments 140,000 Proceeds from sale of equipment 10,000 Proceeds from issuance of bonds payable 8,000...
Brief Exercise 12-10 Riverbed Corp reported net cash provided by operating activities of $375,000, net cash used by investing activities of $238,300, and net cash provided by financing activities of $65,100. In addition, cash spent for capital assets during the period was $210,700. No dividends were paid. Calculate free cash flow. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow
Problem 3-5 Sage Hill Inc. was started on May 1. A summary of May transactions is presented below. 1. Stockholders invested $24,500 cash in the business in exchange for common stock. 2. Purchased equipment for $5,000 cash. 3. Paid $300 cash for May office rent. Paid $500 cash for supplies. Incurred $300 of advertising costs in the Beacon News on account. Received $4,400 in cash from customers for performing repair service. Paid a $1,600 cash dividend. 8. Paid part-time employee...
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