Cash flow from financing activities is the cash inflow or cash outflow from finance obtained by company | ||||||
Calculate cash flow from financing activities | ||||||
Cash dividend paid | -$10,000 | |||||
Common stock issued for cash | $100,000 | |||||
Bonds payable retired | -$80,000 | |||||
Notes payable issued | $15,000 | |||||
Net cash from financing activities | $25,000 | |||||
Thus, net cash from financing activities for year ended December 31, 2020 is $25,000 | ||||||
Calculate cash flow from investing activities | ||||||
Purchase of investment | -$30,000 | |||||
Cash from sale of equipment | $25,000 | |||||
Cash from equity securities | $11,000 | |||||
Loan to customer | -$8,000 | |||||
Net cash from investing activities | -$2,000 | |||||
Thus, net cash from investing activities for year ended December 31, 2020 is -$2,000 | ||||||
Preparing the Cash Flow from Financing 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 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...
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...
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 by signing a nine-month note payable 15,000 Extended...
Question 5 Not yet answered Marked out of 5.00 P Flag question Preparing the Cash Flow from Investing 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 $ 18,000 Sold equipment for cash, previously used in operations 15,000 Paid cash for dividends 6,000 Issued common stock for cash 60,000 Retired a 10-year bond payable by repaying the face value at maturity...
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...
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...
Winnemac Inc. reported the following transactions in the current year. Purchased an investment in debt securities (long-term) for cash $50,000 Sold equipment for cash, previously used in operations 125,000 Paid cash for dividends 45,000 Issued common stock for cash 128,000 Retired a 10-year bond payable through the issuance of common stock 125,000 Sold investment in equity securities accounted for at fair value 23,000 Borrowed cash by signing a six-month note payable 35,000 Paid interest on note payable 1,000 What is...
Indirect Method - Preparing a statement of Cash Flows Kidman Corp. reported the following financial statements for the year ended December 31, 2020. Balance Sheet, December 31 2019 2020 Difference Cash and cash out $72,000 $185,000 $114,000 Accounts receivable 57,000 45,000 (12,000) Merchandisinventory 93,000 177,000 B4,000 Land 60,000 12,000 (48,000) Equipment 144,000 216,000 72,000 Accumulated depreciation (36,000) 772,0001 (36,000) Total acts $390,000 $564,000 $174,000 Accounts payable $ 48,000 $54,000 $ 6,000 Notes payable, long-term 21,000 6,000 (15,000) Bonds payable 90,000...
delete 23) Which of the following would be reported in the cash flow from financing activities section of cash flows? 23) A) Paid cash for dividends backspac B) Sold land for cash C) Paying cash for dividends and receiving cash from common stock D) Received cash for common stock 24) Mayberry Company paid $30,000 cash to purchase land. What happened as a result of this business event 24) A) Total equity was not affected. B) Total assets were not affected....