Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise):
a. A building with a book value of $400,000 was sold for $500,000
b. Additional common stock was issued for $160 000
c. Dristell purchased its own common stock as treasury stock at a cost of $75,000
d. Land was acquired by Issuing a 6%. 10-year. $750,000 note payable to the seller
e. A dividend of $40.000 was paid to shareholders
f. An investment in Fleet Corp.'s common stock was made for $120.000
g. New equipment was purchased for $65.000
h. A $90.000 note payable issued three years ago was paid in full
I. A loan for $100.000 was made to one of Dristeil's suppliers. The supplier plans to repay Dristell this amount plus 10% Interest within 18 months
Required:
Calculate net cash flows from investing activities.
Homework Answers
The correct answer
Cashflow from investing activities = $ 215000
Explanation
Cashflow from investing activities
= proceeds from sale of building - investment - cash paid for new equipment- loan made to supplier
= 500000 - 120000 - 65000 - 100000
= $ 215000
Exercise 11-12B Calculate investing cash flows (LO11-4) A company had the following activities during the year...
Exercise 11-12B Calculate investing cash flows (LO11-4) A company had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500,000 b. Additional common stock was issued for $160,000. c. The company purchased its own common stock as treasury stock at a cost of $75,000 d. Land was acquired by issuing a 6%, 10 year. $750,000 note payable to the seller. e. A dividend...
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated...
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise): A building with a book value of $400,000 was sold for $500,000. Additional common stock was issued for $160,000. Dristell purchased its own common stock as treasury stock at a cost of $75,000. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. A dividend of $40,000 was paid to shareholders. An investment in Fleet Corp.’s common stock was...
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated...
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500 000 b. Additional common stock was issued for $160 000 c. Dristell purchased its own common stock as treasury stock at a cost of $75 000 d. Land was acquired by issuing a 6% 10 year, $750 000 note payable to the seller. e. A dividend of $40.000 was paid to shareholders f. An investment in...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4,5 the comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash.**** SHOW ME HOW TCL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000) $1,750,000 $100,000 300,000 400,000 10,000 750,000 (160,000) $1,400,000 Accounts receivable (net)..... Inventories... Prepaid expenses ...... Equipment..... Accumulated depreciation equipment.. Total assets....
Compute bet cash flows from operating activities, investing activites, and financing activities. Compute cash balance on...
Compute bet cash flows from operating activities, investing
activites, and financing activities. Compute cash balance on Dec.
31st, 2018
Data for next 4 questions: At Wilma Service Company, the balance of cash account on January 15, 2018 was $5,000. The following transactions are for year 2018: 1. Issued $25,000 of common stock for cash. 2. Paid wages expense of $12,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid cash dividend of $2,000. 5....
Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense...
Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. $305,900 73,500 25,700 10,700 11,400 Staley Inc. Cash flows from operating activities: Adjustments to reconcile...
STATEMENT OF CASH FLOWS FOR 2017 Cash Flow from Operating Activities Cash Flow from Investing Activities...
STATEMENT OF CASH FLOWS FOR 2017
Cash Flow from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net
Increase in Cash
Beginning
Cash Balance
Ending Cash
Balance
Selected financial statement information and additional data for Stanislaus Co. is presented below 2017 $64,200 143,800 Cash Accounts receivable (net) Inventory Land Equipment TOTAL 2016 $41,610 85,190 168,040 55,130 508,180 $858,150 203,770 18,620 791,360 $1,221,750 $81,340 $113,560 Accumulated depreciation Accounts payable Notes payable - short-term 85,250 50,590 66,800 29,460...
a) Cash Recivied from customers. - Financing Activities - Operating Activities - Investing Activites b) Cash...
a) Cash Recivied from customers. - Financing Activities - Operating Activities - Investing Activites b) Cash paid to stockholders (dividends). - Financing Activities - Operating Activities - Investing Activites c) Cash received from issuing new common stock. - Financing Activities - Operating Activities - Investing Activites d) Cash Paid to suppliers. - Financing Activities - Operating Activities - Investing Activites e) Cash paid to purchase a new office building. - Financing Activities - Operating Activities - Investing Activites
Financing Activities on the Statement of Cash Flows Takaki Inc. reported net income of $53,000 for...
Financing Activities on the Statement of Cash Flows Takaki Inc. reported net income of $53,000 for 20Y7. The liability and equity accounts from the company's comparative balance sheet are as follows: Dec. 31, 2047 Dec. 31, 2016 Accounts payable $31,900 $28,400 Dividends payable 5,000 3,000 Common stock, $5 par value 80,000 75,000 Paid-in capital in excess of par-common stock 37,000 30,000 Retained earnings 130,600 81,600 During the year, the company declared dividends of $4,000 and issued 1,000 shares of common...
Use this data to determine cash flows from investing activities. Cash paid for dividends($10,000) Cash paid...
Use this data to determine cash flows from investing activities. Cash paid for dividends($10,000) Cash paid for income taxes($15,000) Cash paid for interest expense ($5,000) Cash paid for salaries($400,000) Cash paid to loan funds to a top manager($100,000) Cash paid to purchase inventory($50,000) Cash paid to purchase investments($120,000) Cash paid to purchase machinery($150,000) Cash paid to purchase treasury stock($25,000) Cash paid to repay principal on a bank loan($100,000) Cash received for interest and dividends earned$6,000 Cash received for loan repayment...
Exercise 11-12B Calculate investing cash flows (LO11-4) A company had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500,000 b. Additional common stock was issued for $160,000. c. The company purchased its own common stock as treasury stock at a cost of $75,000 d. Land was acquired by issuing a 6%, 10 year. $750,000 note payable to the seller. e. A dividend...
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500 000 b. Additional common stock was issued for $160 000 c. Dristell purchased its own common stock as treasury stock at a cost of $75 000 d. Land was acquired by issuing a 6% 10 year, $750 000 note payable to the seller. e. A dividend of $40.000 was paid to shareholders f. An investment in...
operating activities ✓ Net cash flow from operating activities, $225,000 PR 13-2A Statement of cash flows-indirect method Obj. 2, 3, 4,5 the comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2018 and 2017 is as follows: Dec. 31, 20Y8 Dec 31, 2017 Assets Cash.**** SHOW ME HOW TCL TEMPLATE $ 80,000 275,000 510,000 15,000 1,070,000 (200,000) $1,750,000 $100,000 300,000 400,000 10,000 750,000 (160,000) $1,400,000 Accounts receivable (net)..... Inventories... Prepaid expenses ...... Equipment..... Accumulated depreciation equipment.. Total assets....
Compute bet cash flows from operating activities, investing
activites, and financing activities. Compute cash balance on Dec.
31st, 2018
Data for next 4 questions: At Wilma Service Company, the balance of cash account on January 15, 2018 was $5,000. The following transactions are for year 2018: 1. Issued $25,000 of common stock for cash. 2. Paid wages expense of $12,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid cash dividend of $2,000. 5....
Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. $305,900 73,500 25,700 10,700 11,400 Staley Inc. Cash flows from operating activities: Adjustments to reconcile...
STATEMENT OF CASH FLOWS FOR 2017
Cash Flow from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net
Increase in Cash
Beginning
Cash Balance
Ending Cash
Balance
Selected financial statement information and additional data for Stanislaus Co. is presented below 2017 $64,200 143,800 Cash Accounts receivable (net) Inventory Land Equipment TOTAL 2016 $41,610 85,190 168,040 55,130 508,180 $858,150 203,770 18,620 791,360 $1,221,750 $81,340 $113,560 Accumulated depreciation Accounts payable Notes payable - short-term 85,250 50,590 66,800 29,460...
Financing Activities on the Statement of Cash Flows Takaki Inc. reported net income of $53,000 for 20Y7. The liability and equity accounts from the company's comparative balance sheet are as follows: Dec. 31, 2047 Dec. 31, 2016 Accounts payable $31,900 $28,400 Dividends payable 5,000 3,000 Common stock, $5 par value 80,000 75,000 Paid-in capital in excess of par-common stock 37,000 30,000 Retained earnings 130,600 81,600 During the year, the company declared dividends of $4,000 and issued 1,000 shares of common...
Most questions answered within 3 hours.
-
What is responsible for Jupiter's enormous magnetic field?
asked 11 minutes ago -
At the end of the year, a company offered to buy 5,000 units of
a product...
asked 13 minutes ago -
Implement C++ program for each of the following.
Let D = [-48, -14, -8, 0, 1,...
asked 33 minutes ago -
Consider a labor market in which LD = 400 – 4W and LS = 250 +...
asked 47 minutes ago -
Let’s say you are teaching a typically-developing young child
how to eat with a spoon. Describe...
asked 30 minutes ago -
Ask Your Teacher A toy gun uses a spring to project a 5.6-g soft
rubber sphere...
asked 42 minutes ago -
*****DO NOT ANSWER THIS QUESTION IF YOU DON'T
KNOW*******
Question - PERSONAL DEVELOPMENT ESSAY and Detailed...
asked 49 minutes ago -
A certain rifle bullet has a mass of 5.25 g. Calculate the de
Broglie wavelength of...
asked 1 hour ago -
Research new software products that assist in project
communication management. Write a paper summarizing your findings,...
asked 1 hour ago -
the figure below to the left shows a beaker completely filled
with water. then a block...
asked 1 hour ago -
what is the duistribution channels of HUL in india and how they
distribute?
how is this...
asked 1 hour ago -
Batteries play an important role in our everyday lives. From
making many devices mobile, to allowing...
asked 1 hour ago