Homework Answers
Solution
| Transactions | Classification |
| Collection from customers | Operating activity |
| Payment to suppliers | Operating activity |
| Payments for income taxes | Operating activity |
| Payment for salaries | Operating activity |
| Proceeds from selling equipment | Investing activity |
| Purchase of investments | Investing activity |
| Borrow from the bank | Financing activity |
| Issue of stock to shareholders | Financing activity |
| Pay interest to the bank | Operating activity |
| Collect dividends from investments | Investing activity |
| Repay a long term notes payable | Financing activity |
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The following items occurred during the year. List these in Column A of the worksheet. In...
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...
how to get net increas/decrease in cash ? what numbers should summed ? Tracing Company Ltd...
how to get net increas/decrease in cash ? what numbers
should summed ?
Tracing Company Ltd Statement of Cash Flows for the year ended 30th June 2020 Cash flows from operating activities Receipts from customers Payments to suppliers Payments to employees Interest paid Income tax paid Net cash provided by operating activities 445,000 (156,000) (187.000) (47.000) (35,000) 20,000 Cash flows from investing activities Acquisition of non-current assets Proceeds from sale of non-current assets Proceeds from sale of equipment Net cash...
Marin Inc.’s CFO has just left the office of the company president after a meeting about the draft SFP at April 30, 2020, and income statement for the year then ended. (Both are reproduced below.) “Our liquidity position looks healthy,” the president had
Marin Inc.’s CFO has just left the office of the company president after a meeting about the draft SFP at April 30, 2020, and income statement for the year then ended. (Both are reproduced below.) “Our liquidity position looks healthy,” the president had remarked. “Look at the current and acid-test ratios, and the amount of working capital we have. And between the goodwill write off and depreciation, we have almost $23 million of non-cash expenses. I don’t understand why you’ve been...
The following are summary cash transactions that occurred during the year for Hiliard Healthcare Co. (HHC):...
The following are summary cash transactions that occurred during the year for Hiliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for : Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $820,000 28,000 260,000 56,000 360,00 t nces 34,000 200,000 520, eee 46, Bee Prepare the cash flows from investing and financing activities sections of HHC's statement of cash flows....
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC):...
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $660,000 12,000 100,000 40,000 200,000 18,000 120,000 440,000 30,000 Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct method. (Amounts to be...
Part 1. Indicate whether each of the following items of a firm would be associated with...
Part 1. Indicate whether each of the following items of a firm would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA), Investing Activities (IA), Financing Activities (FA), or not on the statement (NOS). ITEM CLASSIFIED AS I, O or N REPORTED UNDER OA, IA, FA or NOS 1. Cash the firm paid to suppliers 2. Sale of...
The following summary transactions occurred during 2021 for Bluebonnet Bakers; $420,000 8,000 47,000 27,000 140,000 Cash...
The following summary transactions occurred during 2021 for Bluebonnet Bakers; $420,000 8,000 47,000 27,000 140,000 Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders 200,000 9,000 81,000 86,000 33,000 28,000 The balance of cash and cash equivalents at the beginning of 2021 was $19,000. Required:...
How they calculated the net decrease in cash (265 000) ? L e damo sebe. Prepare...
How they calculated the net decrease in cash (265 000)
?
L e damo sebe. Prepare a Cash Flow Statement as at the 30th June 2020. Franciering AMD Tracing Company Ltd Statement of Cash Flows for the year ended 30th June 2020 Cash flows from operating activities Receipts from customers Payments to suppliers Payments to employees Interest paid Income tax paid Net cash provided by operating activities 445,000 (156,000) (187,000) (47,000) (35,000) 20,000 Cash flows from investing activities Acquisition of...
QUESTION 5 (Points 30) 5. The accounting staff of Sparks INC has assembled the following information...
QUESTION 5 (Points 30)
5. The accounting staff of Sparks INC has assembled the
following information for the year ended December 31, 2019:
5.1. Prepare a statement of cash flows in the format Example
below (Allison corporation) Place brackets around amounts
representing cash outflows. Use the direct method of reporting cash
flows from operating activities.
5.2. Some of the items above will be listed in your statement
without change. However, you will have to combine certain given
information to compute...
Saved The following summary transactions occurred during 2021 for Bluebonnet Bakers points Cash Received from: USES...
Saved The following summary transactions occurred during 2021 for Bluebonnet Bakers points Cash Received from: USES Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for! Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $510,000 12,500 56.000 36.000 185,000 eBook Hint 245,000 8 ,500 95.000 100,000 42,000 37,000 Print Reference The balance of cash and cash equivalents...
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...
how to get net increas/decrease in cash ? what numbers
should summed ?
Tracing Company Ltd Statement of Cash Flows for the year ended 30th June 2020 Cash flows from operating activities Receipts from customers Payments to suppliers Payments to employees Interest paid Income tax paid Net cash provided by operating activities 445,000 (156,000) (187.000) (47.000) (35,000) 20,000 Cash flows from investing activities Acquisition of non-current assets Proceeds from sale of non-current assets Proceeds from sale of equipment Net cash...
The following are summary cash transactions that occurred during the year for Hiliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for : Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $820,000 28,000 260,000 56,000 360,00 t nces 34,000 200,000 520, eee 46, Bee Prepare the cash flows from investing and financing activities sections of HHC's statement of cash flows....
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders $660,000 12,000 100,000 40,000 200,000 18,000 120,000 440,000 30,000 Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct method. (Amounts to be...
The following summary transactions occurred during 2021 for Bluebonnet Bakers; $420,000 8,000 47,000 27,000 140,000 Cash Received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders 200,000 9,000 81,000 86,000 33,000 28,000 The balance of cash and cash equivalents at the beginning of 2021 was $19,000. Required:...
How they calculated the net decrease in cash (265 000)
?
L e damo sebe. Prepare a Cash Flow Statement as at the 30th June 2020. Franciering AMD Tracing Company Ltd Statement of Cash Flows for the year ended 30th June 2020 Cash flows from operating activities Receipts from customers Payments to suppliers Payments to employees Interest paid Income tax paid Net cash provided by operating activities 445,000 (156,000) (187,000) (47,000) (35,000) 20,000 Cash flows from investing activities Acquisition of...
QUESTION 5 (Points 30)
5. The accounting staff of Sparks INC has assembled the
following information for the year ended December 31, 2019:
5.1. Prepare a statement of cash flows in the format Example
below (Allison corporation) Place brackets around amounts
representing cash outflows. Use the direct method of reporting cash
flows from operating activities.
5.2. Some of the items above will be listed in your statement
without change. However, you will have to combine certain given
information to compute...
Saved The following summary transactions occurred during 2021 for Bluebonnet Bakers points Cash Received from: USES Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash Paid for! Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $510,000 12,500 56.000 36.000 185,000 eBook Hint 245,000 8 ,500 95.000 100,000 42,000 37,000 Print Reference The balance of cash and cash equivalents...
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