Homework Answers
Calculation of cash flows from Investing activities is as follows:
Purchased investment in debt securities in cash:($18,000)
Sold equipment for cash: $15,000
Sold investment in equity shares: $6,600,
Therefore, Cash flows from investing activities: $3,600 i.e ( -18,000 + 15,000 + 6,600 )
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Question 5 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow...
please show work Question 6 Not yet answered Marked out of 5.00 P Flag question Preparing...
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Question 6 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 54,000 Sold equipment for cash, previously used in operations 45,000 Paid cash for dividends 18,000 Issued common stock for cash 180,000 Retired a 10-year bond payable by repaying the face...
Both questions Question 4 Answer saved Marked out of 5.00 P Flag question Preparing the Cash...
Both questions
Question 4 Answer saved Marked out of 5.00 P Flag question Preparing the Cash Flow from Operating Activities Section Sarasota Corp. reported net income of $40,000, which included depreciation expense of $5,200. It also reported an increase in accounts receivable and salaries payable of $2,800 and $1,600, respectively. Further, it reported a decrease in inventory of $5,600 and a decrease in accounts payable of $3,840. Calculate its net cash provided by operating activities. $ O eBook Pri Question...
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the...
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash...
Gomez Corp. reported the following items for the year ended December 31, 2020. Preparing the Cash...
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Dec 31, 2020 $ 30,000 25,000 10,000 100,000 80,000 11,000 15,000 8,000 Retired a 10-year bond payable by repaying...
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the...
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Retired a 10-year bond payable by repaying the face value at maturity Sold investment in equity securities (held for one-year) Borrowed cash by signing a nine-month note payable Extended a loan to...
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the...
Preparing the Cash Flow
from Investing Activities Section
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Use a negative sign with your answer to indicate a cash
outflow, if applicable.
Calculate net cash from investing activities for the year
ended December 31, 2020.
Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Retired a 10-year bond payable...
Question 2 Not yet answered Marked out of 5.00 P Flag question Define and describe the...
Question 2 Not yet answered Marked out of 5.00 P Flag question Define and describe the difference between the direct and indirect methods for calculating the cash flow from operating activities. What are the other major sections of the cash flow statement? Describe the main functions of these components. 7 i- B 1 iii TIT c? U Ꭶ 2 x? = Y E
Question 1 Not yet answered Select one: Marked out of 1 a. An expense account. P...
Question 1 Not yet answered Select one: Marked out of 1 a. An expense account. P Flag question b. An equity account. Treasury stock appears as: O c. A liability account. O d. An asset account. Ouestion 2 Samson Corporation buys a foreign currency future contract as a hedging strategy to protect against possible losses from fluctuations in a particular foreign exchange. This strategy suggests that Samson Corporation has: Select one: 0 a Foreign accounts receivable and expects the exchange...
Question 1 Not yet answered Marked out of 5.00 P Flag question Product scope is the...
Question 1 Not yet answered Marked out of 5.00 P Flag question Product scope is the features and functions that are to be included in a product or service. The product scope is measured by Select one: O a. project cost estimation O b. work breakdown structure O c. project schedule O d. project management plan O e. requirements Question 2 Not yet answered Marked out of 5.00 P Flag question If there are 10 persons in a project, what...
ULUNUH Business Course Preparing The Cash Return to course Question 10 Not yet answered Marked out...
ULUNUH Business Course Preparing The Cash Return to course Question 10 Not yet answered Marked out of 5.00 P Flag question Computing Activity Ratios Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2. 2020 March 28, 2019 Income statement information: Sales $20.967 $22,353 Cost of goods sold 9,654 9,726 Balance sheet information: Accounts receivable, gross 2,313 2,718 Inventory 3.375 3.126 Accounts payable 468 630 Required Compute the following ratios for its fiscal...
please show work
Question 6 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 54,000 Sold equipment for cash, previously used in operations 45,000 Paid cash for dividends 18,000 Issued common stock for cash 180,000 Retired a 10-year bond payable by repaying the face...
Both questions
Question 4 Answer saved Marked out of 5.00 P Flag question Preparing the Cash Flow from Operating Activities Section Sarasota Corp. reported net income of $40,000, which included depreciation expense of $5,200. It also reported an increase in accounts receivable and salaries payable of $2,800 and $1,600, respectively. Further, it reported a decrease in inventory of $5,600 and a decrease in accounts payable of $3,840. Calculate its net cash provided by operating activities. $ O eBook Pri Question...
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash...
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Dec 31, 2020 $ 30,000 25,000 10,000 100,000 80,000 11,000 15,000 8,000 Retired a 10-year bond payable by repaying...
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Retired a 10-year bond payable by repaying the face value at maturity Sold investment in equity securities (held for one-year) Borrowed cash by signing a nine-month note payable Extended a loan to...
Preparing the Cash Flow
from Investing Activities Section
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Use a negative sign with your answer to indicate a cash
outflow, if applicable.
Calculate net cash from investing activities for the year
ended December 31, 2020.
Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Retired a 10-year bond payable...
Question 2 Not yet answered Marked out of 5.00 P Flag question Define and describe the difference between the direct and indirect methods for calculating the cash flow from operating activities. What are the other major sections of the cash flow statement? Describe the main functions of these components. 7 i- B 1 iii TIT c? U Ꭶ 2 x? = Y E
Question 1 Not yet answered Select one: Marked out of 1 a. An expense account. P Flag question b. An equity account. Treasury stock appears as: O c. A liability account. O d. An asset account. Ouestion 2 Samson Corporation buys a foreign currency future contract as a hedging strategy to protect against possible losses from fluctuations in a particular foreign exchange. This strategy suggests that Samson Corporation has: Select one: 0 a Foreign accounts receivable and expects the exchange...
Question 1 Not yet answered Marked out of 5.00 P Flag question Product scope is the features and functions that are to be included in a product or service. The product scope is measured by Select one: O a. project cost estimation O b. work breakdown structure O c. project schedule O d. project management plan O e. requirements Question 2 Not yet answered Marked out of 5.00 P Flag question If there are 10 persons in a project, what...
ULUNUH Business Course Preparing The Cash Return to course Question 10 Not yet answered Marked out of 5.00 P Flag question Computing Activity Ratios Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2. 2020 March 28, 2019 Income statement information: Sales $20.967 $22,353 Cost of goods sold 9,654 9,726 Balance sheet information: Accounts receivable, gross 2,313 2,718 Inventory 3.375 3.126 Accounts payable 468 630 Required Compute the following ratios for its fiscal...
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