Homework Answers
| This represents a Financing activity. |
| Financing activity includes transactions relating to obtaining funds from shareholders, banks, debtholders. |
| The receipt and repayment of loan are part of Financing activities. |
| Option E Financing activity is correct |
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Saved A company borrows $125.000 from the Northern Bank and receives the loan proceeds in cash....
Net income Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from...
Net income Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from bank loan Cash payment (principal) on bank loan Cash paid to purchase equipment $ 8,500 2,200 3,100 5,600 1,300 4,400 The company would report net cash provided by (used in) financing activities of: Multiple Choice $(3,000). $2,100. oooo $5,600. $6,900.
Net income Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from...
Net income Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from bank loan Cash payment (principal) on bank loan Cash paid to purchase equipment $9,500 2,400 3,200 6,200 1,500 4,800 The company would report net cash provided by (used in) investing activities of: Multiple Choice Ο $(1,600). Ο $(1,700). Ο 56.200. $6,200. Ο 59,500.
Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken...
Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement Net cash provided by operating activities Net cash provided by investing activities Net cash flow used in financing activities Cash balance, end of year $ 17,900 5,900 (10,700) 17,600 What is the cash balance at the beginning of the year? Multiple Choice 0 $7,300 O $30,700 0 O $4,500 0 $13.100 0 Saved Net income Cash dividends paid to stockholders Cash...
Cash flows from financing activities do not include: Multiple Choice repayment of a bank loan. cash...
Cash flows from financing activities do not include: Multiple Choice repayment of a bank loan. cash received from issuing preferred stock. declaration of a cash dividend. cash paid for treasury stock. Sales revenue for Hy Marx Tutoring was $320,000. The following data are from the accounting records of Marx: Accounts receivable, January 1 $ 76,000 Accounts receivable, December 31 60,000 The cash received from customers was: Multiple Choice $260,000. $304,000. $320,000. $336,000. Cash equivalents have each of the following characteristics...
When a company obtains cash from shareholders, returns cash to shareholders, borrows from creditors, and repays...
When a company obtains cash from shareholders, returns cash to shareholders, borrows from creditors, and repays amounts borrowed from creditors. a. Activity Classification b. Financing Activities c. Operating Avtivities d. Investing Activities
1 of 4 Knowledge Check 01 A company borrows cash from a local bank. The company...
1 of 4 Knowledge Check 01 A company borrows cash from a local bank. The company records this transaction with a: Multiple Choice Book erences Debit to Accounts Receivable Debit to Cash 0 Credit to Accounts Payable 0 Credit to Retained Earnings 0 < Prev 15 16 17 18 of 29 Next >
Financing Activity on the Statement of Cash Flows Which of the following is a financing activity...
Financing Activity on the Statement of Cash Flows Which of the following is a financing activity on the statement of cash flows? Multiple Choice When the company purchases equipment using cash. When the company lends money to another entity. O When the company sells an investment O When the company receives dividends. O O When the company receives cash from a bank loan.
Which of the following is reported as an investing activity in the statement of cash flows?...
Which of the following is reported as an investing activity in the statement of cash flows? Multiple Choice The receipt of dividend revenue. The payment of cash dividends. The sale of machinery. The payment of interest on bonds. A firm reported salaries expense of $244,000 for the current year. The beginning and ending balances in salaries payable were $42,000 and $12,000, respectively. What was the amount of cash paid for salaries? Multiple Choice $244,000. $274,000. $298,000. $214,000. Cash flows from...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on a...
Cullumber Company borrows $73,200 on July 1 from the bank by signing a $73,200,9%, 1-year note...
Cullumber Company borrows $73,200 on July 1 from the bank by signing a $73,200,9%, 1-year note payable. Prepare a tabular summary to record (a) the proceeds of the note and (b) accrued interest at December 31, assuming adjustments are made only at the end the year. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was...
Net income Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from bank loan Cash payment (principal) on bank loan Cash paid to purchase equipment $ 8,500 2,200 3,100 5,600 1,300 4,400 The company would report net cash provided by (used in) financing activities of: Multiple Choice $(3,000). $2,100. oooo $5,600. $6,900.
Net income Cash dividends paid to stockholders Cash proceeds from sale of land Cash proceeds from bank loan Cash payment (principal) on bank loan Cash paid to purchase equipment $9,500 2,400 3,200 6,200 1,500 4,800 The company would report net cash provided by (used in) investing activities of: Multiple Choice Ο $(1,600). Ο $(1,700). Ο 56.200. $6,200. Ο 59,500.
Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement Net cash provided by operating activities Net cash provided by investing activities Net cash flow used in financing activities Cash balance, end of year $ 17,900 5,900 (10,700) 17,600 What is the cash balance at the beginning of the year? Multiple Choice 0 $7,300 O $30,700 0 O $4,500 0 $13.100 0 Saved Net income Cash dividends paid to stockholders Cash...
1 of 4 Knowledge Check 01 A company borrows cash from a local bank. The company records this transaction with a: Multiple Choice Book erences Debit to Accounts Receivable Debit to Cash 0 Credit to Accounts Payable 0 Credit to Retained Earnings 0 < Prev 15 16 17 18 of 29 Next >
Financing Activity on the Statement of Cash Flows Which of the following is a financing activity on the statement of cash flows? Multiple Choice When the company purchases equipment using cash. When the company lends money to another entity. O When the company sells an investment O When the company receives dividends. O O When the company receives cash from a bank loan.
For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on a...
Cullumber Company borrows $73,200 on July 1 from the bank by signing a $73,200,9%, 1-year note payable. Prepare a tabular summary to record (a) the proceeds of the note and (b) accrued interest at December 31, assuming adjustments are made only at the end the year. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, ploce a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity Item that was...
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