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The following information was drawn from the year-end balance sheets of Perez Trading Company: Account Title Investment securities Equipment Buildings Land Year 2 $ 34,900 224,000 855, 000 88,000 Year 1 $ 26,800 215,500 958,000 61,000 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,310 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $660. 2. Equipment with a cost of $54,000 was purchased. 3. The...
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Chapter 10&14) Help Save The following information was drawn from the year-end balance sheets of Campbell Trading Company: Account Title Investment securities Equipment Buildings Land Year 2018 Year 1 $ 34,000 $ 28,800 228,000 206,500 846,500 953,500 94,500 64,500 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,130 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $660. 2. Equipment with a cost of $47,500 was...
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The following information was drawn from the year-end balance
sheets of Finch River, Inc.:
Account Title
2017
2016
Bonds payable
$
735,000
$
975,000
Common stock
201,000
122,000
Treasury stock
27,500
10,500
Retained earnings
87,900
61,500
Additional information regarding transactions occurring during
2017:
Finch River, Inc., issued $47,300 of bonds during 2017. The
bonds were issued at face value. All bonds retired were retired at
face value.
Common stock did not have a par value.
Finch River, Inc., uses the...
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chapter 12 problem 15a. need the solution explained on
required e and f.
e. amount of cash flow for the purchase building
during 2012
f. amount of cash flow for the purchase land 2012.
LO 3 excel Problem 12-15A Determining cash flows from investing activities The following information was drawn from the year-end balance sheets of Desoto Com Account Title 2012 2011 CHECK FIGURES b. $5,000 c. $35,000 Investment securities Equipment Buildings Land $ 33,500 235,000 845,000 80,000 $ 30,000...
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The following
information was drawn from the year-end balance sheets of Munoz
River, Inc.:
Account
Title
2017
2016
Bonds
payable
$
785,000
$
980,000
Common
stock
201,000
126,000
Treasury
stock
26,500
6,500
Retained
earnings
86,400
59,900
Additional information
regarding transactions occurring during 2017:
Munoz River, Inc.,
issued $48,300 of bonds during 2017. The bonds were issued at face
value. All bonds retired were retired at face value.
Common stock did not
have a par value.
Munoz River, Inc.,
uses the...
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On January 1, 2016, Shelton Company had a balance of $260,500 in its Land account. During 2016 Shelton sold land that had cost $75,500 for $150,500 cash. The balance in the Land account on December 31, 2016, was $291,500. Required a. Determine the cash outflow for the purchase of land during 2016. Cash outflow for the purchase of land b. Prepare the investing activities section of the 2016 statement of cash flows. (Amounts to be deducted should be indicated with...
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Here are comparative balance sheets for Velo Company.
Velo Company
Comparative Balance Sheets
December 31
Assets
2020
2019
Cash
$72,800
$33,200
Accounts receivable
86,500
70,700
Inventory
170,200
187,000
Land
72,700
100,700
Equipment
260,700
200,600
Accumulated depreciation—equipment
(65,700
)
(33,500
)
Total
$597,200
$558,700
Liabilities and Stockholders’ Equity
Accounts payable
$35,400
$46,500
Bonds payable
149,800
203,300
Common stock ($1 par)
218,000
173,000
Retained earnings
194,000
135,900
Total
$597,200
$558,700
Additional information:
1.
Net income for 2020 was $103,600.
2.
Cash dividends...
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The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: 1. Inventory that had cost $24,000 was sold for $45,600 under terms 2/20, net/30. 2. Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $1,500. The merchandise had cost Ozark $1,000. 3. All customers paid their accounts within the discount period. 4. Selling and administrative expenses amounted to $4,560. 5. Interest expense paid amounted to $350....
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Cash Flow from Investing Activities Instructions Amount Descriptions and Labels Statement of Cash Flows (Partial) Conceptual Connection Statement of Cash Flows (Partial) Instructions During 20X1. Craig Company had the following transactions: A Purchased $200,500 of 10-year bonds issued by Makenzie Inc. 1. Prepare the net cash from investing activities section of the statement of cash flow (Note: Use a mission to indicate any decreases in cash or cash outlows. Reler lo the Amount Descriptions Not provided for the exact wording...
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Blossom Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Long-term investments $150 $100 290 Land 290 Buildings 330 330 Accumulated depreciation-buildings 80 Equipment 600 360 Accumulated depreciation-equipment 200 200 Additional information: 1. Long-term investments were purchased during the year; none were sold. 2. Equipment was purchased during the year. In addition, equipment with a cost of $130 and a carrying amount of $60 was sold at a gain of $20. Prepare the investing activities section...
The following information was drawn from the year-end balance sheets of Perez Trading Company: Account Title Investment securities Equipment Buildings Land Year 2 $ 34,900 224,000 855, 000 88,000 Year 1 $ 26,800 215,500 958,000 61,000 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,310 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $660. 2. Equipment with a cost of $54,000 was purchased. 3. The...
Chapter 10&14) Help Save The following information was drawn from the year-end balance sheets of Campbell Trading Company: Account Title Investment securities Equipment Buildings Land Year 2018 Year 1 $ 34,000 $ 28,800 228,000 206,500 846,500 953,500 94,500 64,500 Additional information regarding transactions occurring during Year 2: 1. Investment securities that had cost $6,130 were sold. The Year 2 income statement contained a loss on the sale of investment securities of $660. 2. Equipment with a cost of $47,500 was...
chapter 12 problem 15a. need the solution explained on
required e and f.
e. amount of cash flow for the purchase building
during 2012
f. amount of cash flow for the purchase land 2012.
LO 3 excel Problem 12-15A Determining cash flows from investing activities The following information was drawn from the year-end balance sheets of Desoto Com Account Title 2012 2011 CHECK FIGURES b. $5,000 c. $35,000 Investment securities Equipment Buildings Land $ 33,500 235,000 845,000 80,000 $ 30,000...
On January 1, 2016, Shelton Company had a balance of $260,500 in its Land account. During 2016 Shelton sold land that had cost $75,500 for $150,500 cash. The balance in the Land account on December 31, 2016, was $291,500. Required a. Determine the cash outflow for the purchase of land during 2016. Cash outflow for the purchase of land b. Prepare the investing activities section of the 2016 statement of cash flows. (Amounts to be deducted should be indicated with...
Here are comparative balance sheets for Velo Company.
Velo Company
Comparative Balance Sheets
December 31
Assets
2020
2019
Cash
$72,800
$33,200
Accounts receivable
86,500
70,700
Inventory
170,200
187,000
Land
72,700
100,700
Equipment
260,700
200,600
Accumulated depreciation—equipment
(65,700
)
(33,500
)
Total
$597,200
$558,700
Liabilities and Stockholders’ Equity
Accounts payable
$35,400
$46,500
Bonds payable
149,800
203,300
Common stock ($1 par)
218,000
173,000
Retained earnings
194,000
135,900
Total
$597,200
$558,700
Additional information:
1.
Net income for 2020 was $103,600.
2.
Cash dividends...
The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: 1. Inventory that had cost $24,000 was sold for $45,600 under terms 2/20, net/30. 2. Customers returned merchandise to Ozark five days after the purchase. The merchandise had been sold for a price of $1,500. The merchandise had cost Ozark $1,000. 3. All customers paid their accounts within the discount period. 4. Selling and administrative expenses amounted to $4,560. 5. Interest expense paid amounted to $350....
Cash Flow from Investing Activities Instructions Amount Descriptions and Labels Statement of Cash Flows (Partial) Conceptual Connection Statement of Cash Flows (Partial) Instructions During 20X1. Craig Company had the following transactions: A Purchased $200,500 of 10-year bonds issued by Makenzie Inc. 1. Prepare the net cash from investing activities section of the statement of cash flow (Note: Use a mission to indicate any decreases in cash or cash outlows. Reler lo the Amount Descriptions Not provided for the exact wording...
Blossom Corporation reported the following information (in thousands) at December 31, 2018: 2018 2017 Long-term investments $150 $100 290 Land 290 Buildings 330 330 Accumulated depreciation-buildings 80 Equipment 600 360 Accumulated depreciation-equipment 200 200 Additional information: 1. Long-term investments were purchased during the year; none were sold. 2. Equipment was purchased during the year. In addition, equipment with a cost of $130 and a carrying amount of $60 was sold at a gain of $20. Prepare the investing activities section...