Bedford Inc. had the following transactions during 20x9:
Exchanged land for a building | $764,000 |
Purchased treasury shares | 160,000 |
Paid cash dividend | 380,000 |
Purchased equipment | 212,000 |
Issued ordinary shares | 588,000 |
What is Bedford Inc.’s net cash provided or used by investing activities?
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Fran Inc. had the following transactions during 20x7: Exchanged land for a building$764,000Purchased treasury shares160,000Paid cash dividend380,000Purchased equipment212,000Issued ordinary shares588,000 What is Fran Inc.’s net cash provided or used by financing activities?
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500,000 b. Additional common stock was issued for $160 000 c. Dristell purchased its own common stock as treasury stock at a cost of $75,000 d. Land was acquired by Issuing a 6%. 10-year. $750,000 note payable to the seller e. A dividend of $40.000 was paid to shareholders f. An investment in Fleet Corp.'s common stock...
Exercise 11-12B Calculate investing cash flows (LO11-4) A company had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500,000 b. Additional common stock was issued for $160,000. c. The company purchased its own common stock as treasury stock at a cost of $75,000 d. Land was acquired by issuing a 6%, 10 year. $750,000 note payable to the seller. e. A dividend...
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise): A building with a book value of $400,000 was sold for $500,000. Additional common stock was issued for $160,000. Dristell purchased its own common stock as treasury stock at a cost of $75,000. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. A dividend of $40,000 was paid to shareholders. An investment in Fleet Corp.’s common stock was...
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...
Income Retained tanin hent 2 attempts Like E13.5 Journalize issuance of common and preferred stock and purchase of treasury stock. Quick Co. had the following transactions during the current period. Instructions: Journalize the transactions. Mar 2 12 June 12 Issued 5,000 shares of $10 par value common stock to attorneys in pay of a bill for $60,000 for services performed in helping the company to incorporate. Issued 60,000 shares of $10 par value common stock for cash of $750 Issued...
Land was acquired for $100,000 in exchange for ordinary shares, par $100,000, during the year; all equipment purchased was for cash. Equipment costing $10,000 was sold for $4,000; book value of the equipment was $8,000 and the loss was reported in net income. Cash dividends of $20,000 were charged to retained earnings and paid during the year; the transfer of net income to retained earnings was the only other entry in the Retained Earnings account. In the statement of cash...
Compute bet cash flows from operating activities, investing
activites, and financing activities. Compute cash balance on Dec.
31st, 2018
Data for next 4 questions: At Wilma Service Company, the balance of cash account on January 15, 2018 was $5,000. The following transactions are for year 2018: 1. Issued $25,000 of common stock for cash. 2. Paid wages expense of $12,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid cash dividend of $2,000. 5....
on- The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. port 3. Investing activity. 4. Financing activity. 5. Reported as significant noncash activity The transactions are as follows. Transactions Classifications of Activities Issuance of common stock (b) Purchase of land and building Redemption of bonds. (d) Sale of equipment. le) Depreciation of...
Which of the following would not appear in the Cash Flows from Investing Activities section of the statement of cash flows? a.Purchase of land for $70,000 cash b.Purchase of building for $20,000 cash and a $160,000 note payable c.Sale of fully depreciated equipment with $5,000 salvage value for $5,000 cash d.Cash paid to retire bonds, $2,000