Given the following framework for the statement of cash flows, what is missing? Cash flows from...
Given the following framework for the statement of cash flows,
what is missing?
| Cash flows from operating activities | $XXX |
| Cash flows from investing activities | XXX |
| Change in cash | $XXX |
| Beginning cash balance | XXX |
| Ending cash balance | $XXX |
a.Free cash flow
b.Cash flows from financing activities
c.Beginning retained earnings balance
d.Total stockholders' equity
Homework Answers
Cash flow Format
| Cash flow from operating activities | XXX |
| Cash flow from investing activities | XXX |
| Cash flow from financing activities | XXX |
| Change in Cash | XXX |
| Beginning Cash balance | XXX |
| Ending Cash balance | XXX |
So answer is b) Cash flows from financing activities
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Given the following framework for the statement of cash flows,
what is missing?
Cash flows from...
Statement of Cash Flows Your supervisor has provided you with the following statement of cash flows,...
Statement of Cash Flows Your supervisor has provided you with the following statement of cash flows, prepared using the indirect method. Recall that the statement of cash flows consists of three sections: cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Review the statement, and then proceed to the next panel. Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from (used for) operating activities: Net...
The following selected data are from a recent statement of cash flows: Net cash flow from...
The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $ 35,000 Net cash flow used for investing activities (20,000) Net cash flow used for financing activities 60,000 Ending cash balance 50,000 What is the net change in cash for the period? a.$125,000 b.$(75,000) c.$115,000 d.$75,000
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the following...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in 2018, its first
year of operations:
Received $15,500 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,300.
Collected $31,530 of the accounts receivable.
Recorded $8,700 of accrued salaries at the end of the
year.
Paid a $1,250 cash dividend to the stockholders.
Prepare the income statement. MILEA INC. Income Statement For the...
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34. Mignon Company reported the following in its Statement of Cash Flows: Cash Flow from Operating Activities: $28,000 Cash Flow from Investing Activities: ? Cash Flow from Financing Activities: $(37,000) Beginning Cash Balance: $12,000 Ending Cash Balance: $29,000 Determine the Cash Flow from Investing Activities (parentheses indicate cash outflow): A. $26,000 B. ($28,000) C. $16,000 D. ($18,000) The answer is A, why? I want the explanations, thank you
Required information [The following information applies to the questions displayed below.] Milea Inc. experienced the...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in Year 1, its first
year of operations:
Received $14,000 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,450.
Collected $30,030 of the accounts receivable.
Recorded $8,550 of accrued salaries at the end of the
year.
Paid a $1,450 cash dividend to the stockholders.
b-1. Prepare the income statement.
b-2. Prepare the...
Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows...
Championship Boxing, Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y8
Cash flows from (used for) operating activities:
Net income
$186,540
Adjustments to reconcile net income to net cash
flow from operating activities:
Depreciation
18,400
Gain on sale of investments
(50,000)
Changes in current operating assets and liabilities:
Increase in accounts receivable
(25,410)
Increase in inventories
(33,450)
Increase in accounts payable
41,130
Decrease in accrued expenses payable
(12,470)
Net cash flow from
operating activities
$124,740
Cash flows...
Problem 14-11 Missing Data; Statement of Cash Flows (L014-1, LO14-2] Yoric Company listed the net changes...
Problem 14-11 Missing Data; Statement of Cash Flows (L014-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the gast year as follows: Debits > Credits by: $ 96,500 170,900 Credits > Debits by: $ 83,000 4,300 114,800 Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 95,000 307,000 65,400 49,200 5,900 9,900 407,000 125,000...
statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31,...
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Astro Corporation was started with the issue of 5,100 shares of $10 par stock for cash...
Astro Corporation was started with the issue of 5,100 shares of
$10 par stock for cash on January 1, 2018. The stock was issued at
a market price of $19 per share. During 2018, the company earned
$58,400 in cash revenues and paid $39,128 for cash expenses. Also,
a $3,900 cash dividend was paid to the stockholders. Required:
Prepare an income statement, statement of changes in stockholders’
equity, balance sheet, and statement of cash flows for Astro
Corporation’s 2018 fiscal...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in 2018, its first
year of operations:
Received $15,500 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,300.
Collected $31,530 of the accounts receivable.
Recorded $8,700 of accrued salaries at the end of the
year.
Paid a $1,250 cash dividend to the stockholders.
Prepare the income statement. MILEA INC. Income Statement For the...
T-Accounts? Trial Balance? Income statement? Statement of
changes? Balance sheet? Statement of cash flows?
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from...
Required information
[The following information applies to the questions
displayed below.]
Milea Inc. experienced the following events in Year 1, its first
year of operations:
Received $14,000 cash from the issue of common stock.
Performed services on account for $45,000.
Paid the utility expense of $1,450.
Collected $30,030 of the accounts receivable.
Recorded $8,550 of accrued salaries at the end of the
year.
Paid a $1,450 cash dividend to the stockholders.
b-1. Prepare the income statement.
b-2. Prepare the...
Championship Boxing, Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y8
Cash flows from (used for) operating activities:
Net income
$186,540
Adjustments to reconcile net income to net cash
flow from operating activities:
Depreciation
18,400
Gain on sale of investments
(50,000)
Changes in current operating assets and liabilities:
Increase in accounts receivable
(25,410)
Increase in inventories
(33,450)
Increase in accounts payable
41,130
Decrease in accrued expenses payable
(12,470)
Net cash flow from
operating activities
$124,740
Cash flows...
Problem 14-11 Missing Data; Statement of Cash Flows (L014-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the gast year as follows: Debits > Credits by: $ 96,500 170,900 Credits > Debits by: $ 83,000 4,300 114,800 Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 95,000 307,000 65,400 49,200 5,900 9,900 407,000 125,000...
statement of Cash Flows-Indirect Method The comparative balance sheet of Olson-Jones Industries Inc. for December 31, 2012 and 2041, is as follows: Dec. 31, Dec. 31, 2011 Assets 2012 Cash $145 Accounts receivable (net) Inventories Land Equipment Accumulated depreciation equipment (18) Total Assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Dividends payable Common stock, $1 par Paid in capital: Excess of issue price over par- common stock Retained earnings Total liabilities and stockholders equity Total liabilities and stockholders' equity...
Astro Corporation was started with the issue of 5,100 shares of
$10 par stock for cash on January 1, 2018. The stock was issued at
a market price of $19 per share. During 2018, the company earned
$58,400 in cash revenues and paid $39,128 for cash expenses. Also,
a $3,900 cash dividend was paid to the stockholders. Required:
Prepare an income statement, statement of changes in stockholders’
equity, balance sheet, and statement of cash flows for Astro
Corporation’s 2018 fiscal...
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