Homework Answers
Question
Answer :
| Cash Flow from Operating Activities | |||
| Net Income | $47,000 | ||
| Adjustment to reconcile net income to | |||
| operating activites | |||
| Loss on sale of land | $12,000 | ||
| Depreciation expense | $8,000 | ||
| Decrease in Inventories | $2,000 | ||
| Increase in account receivable | -$4,000 | ||
| Increase in account payable | $7,000 | $25,000 | |
| 7 | Net Cash flow from operating Activites | ( a) | $72,000 |
| Cash from Investing Activities | |||
| Acquisition of equipment | -$24,000 | ||
| proceeds from sale of Land | $36,000 | ||
| Collection of notes receivable | $6,000 | ||
| 8 | Cash provided (used) by investing activities | (a) | $18,000 |
| Cash from Financing Activies | |||
| Payment of cash dividends | -$2,000 | ||
| Payment of long term debt | -$9,000 | ||
| Sale of shares | $3,000 | ||
| 9 | Cash provided (used) by financing activities | ( c ) | -$8,000 |
| The cost of land must have been | |||
| proceeds from sale of Land | $36,000 | ||
| Loss on sale of land | $12,000 | ||
| The cost of land must have been | $48,000 | ||
| The cost of land must have been | (b) | $48,000 |
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572,000 b. 575.000 $83.000 d. $34000 Net cash provided by (used for) investing activities would be...
Net cash provided by (used for) investing activities 3. Calculate the net cash flow from financing...
Net cash provided by (used for) investing activities 3. Calculate the net cash flow from financing activities for the year. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use parentheses or a minus sign for numbers to be subtracted or net cash outflows.) Financing Activities: (12) (13) (14) Net cash provided by (used for) financing activities 4. What was the net change in cash for the...
Use the following yaratd. information for the 10 Under the indirect method, net cash provided by...
Use the following yaratd. information for the 10 Under the indirect method, net cash provided by operating activities would be (10 Points) $ 2.000 7.000 Depreciation Expense yent of Dividende Increase in Account Reche Collection of Not Receive Lomon Sale of Land $47.000 3.000 2.000 4,000 6.000 12.000 Increase in Ale Ace of que Sale of Share Payment of long-Dube Proceeds from Sale of Land 9.000 35,000 a. $72,000. b. $76,000 c. $83,000 d. $84,000.
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an additi...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an addition to net income of $5,000 26. Cash paid for equipment would be reported in the statement of cash flows in a the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d a separate schedule 27. Which of the following types of transactions would be reported as a...
Last year Burch Corporation's cash account decreased by $26,000. Net cash provided by (used in) investing...
Last year Burch Corporation's cash account decreased by $26,000. Net cash provided by (used in) investing activities was $8,100. Net cash provided by (used in) financing activities was $(24,000). On the statement of cash flows, the net cash provided by (used in) operating activities was: Multiple Choice Ο $15,900 Ο Ο $(26,000) Ο $(41,900) Ο $(10,100)
Use the following Raycraft Ltd. information for questions through 10. Under the indirect method, net cash...
Use the following Raycraft Ltd. information for questions through 10. Under the indirect method, net cash provided by operating activities would be (10 Points) $ 2.000 7.000 24,000 3,000 Deprecatione Peyment of Dividende nere in Accounts Receivable Collection of Neces Receivable Loon Sale of Land $17.000 Decennale 2.000 Increase in Acc Payable 2.000 Acquation of Equipment 1.000 Sale of Shares 6.000 Peymt of Long-Term Debt 12.000 Proceeds from Sale of Land 35,000
Analyze the Cash Flows from Operating Activities identifying areas of strength and areas of concern: Analyze...
Analyze the Cash Flows from Operating
Activities identifying areas of strength and areas of
concern:
Analyze the Cash Flows from Investing
Activities identifying areas of strength and areas of
concern :
Analyze the Cash Flows from Financing
Activities identifying areas of strength and areas of
concern:
Provide a summary analysis. Explain how
strengths and concerns from operating activities could potentially
relate to investing and financing decisions:
Cash Flows from Operating Activities Net Income 478,000 Adjustments to reconcile net income to...
Addison, Inc. reports: Cash provided by operating activities $2,300,000 Cash used by investing activities 640,000 Cash...
Addison, Inc. reports: Cash provided by operating activities $2,300,000 Cash used by investing activities 640,000 Cash used by financing activities 220,000 Beginning cash balance 340,000 What is Addison's ending cash balance? a) $1,780,000 b) $3,500,000 c) $1,440,000 d) $3,060,000
In 2020, Wildhorse Corporation had net cash provided by operating activities of $566,000, net cash used...
In 2020, Wildhorse Corporation had net cash provided by operating activities of $566,000, net cash used by investing activities of $1,025,000, and net cash provided by financing activities of $594,000. At January 1, 2020, the cash balance was $320,000. Compute December 31, 2020, cash. Cash, December 31, 2020 $
In 2020, Ivanhoe Corporation had net cash provided by operating activities of $486,000, net cash used...
In 2020, Ivanhoe Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities of $932,000, and net cash provided by financing activities of $559,000. At January 1, 2020, the cash balance was $300,000. Compute December 31, 2020, cash. Cash, December 31, 2020 s
2. Last year Burch Corporation's cash account decreased by $34,000. Net cash provided by (used in)...
2.
Last year Burch Corporation's cash account decreased by $34,000. Net cash provided by (used in) investing activities was $8,900. Net cash provided by (used in) financing activities was $(31,500). On the statement of cash flows, the net cash provided by (used in) operating activities was: The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment Dividends received on long-term investments Paid off bonds payable Depreciation expense $39,000 $18,000 $10,000 $23,500 $12,000...
Net cash provided by (used for) investing activities 3. Calculate the net cash flow from financing activities for the year. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use parentheses or a minus sign for numbers to be subtracted or net cash outflows.) Financing Activities: (12) (13) (14) Net cash provided by (used for) financing activities 4. What was the net change in cash for the...
Use the following yaratd. information for the 10 Under the indirect method, net cash provided by operating activities would be (10 Points) $ 2.000 7.000 Depreciation Expense yent of Dividende Increase in Account Reche Collection of Not Receive Lomon Sale of Land $47.000 3.000 2.000 4,000 6.000 12.000 Increase in Ale Ace of que Sale of Share Payment of long-Dube Proceeds from Sale of Land 9.000 35,000 a. $72,000. b. $76,000 c. $83,000 d. $84,000.
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an addition to net income of $5,000 26. Cash paid for equipment would be reported in the statement of cash flows in a the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d a separate schedule 27. Which of the following types of transactions would be reported as a...
Last year Burch Corporation's cash account decreased by $26,000. Net cash provided by (used in) investing activities was $8,100. Net cash provided by (used in) financing activities was $(24,000). On the statement of cash flows, the net cash provided by (used in) operating activities was: Multiple Choice Ο $15,900 Ο Ο $(26,000) Ο $(41,900) Ο $(10,100)
Use the following Raycraft Ltd. information for questions through 10. Under the indirect method, net cash provided by operating activities would be (10 Points) $ 2.000 7.000 24,000 3,000 Deprecatione Peyment of Dividende nere in Accounts Receivable Collection of Neces Receivable Loon Sale of Land $17.000 Decennale 2.000 Increase in Acc Payable 2.000 Acquation of Equipment 1.000 Sale of Shares 6.000 Peymt of Long-Term Debt 12.000 Proceeds from Sale of Land 35,000
Analyze the Cash Flows from Operating
Activities identifying areas of strength and areas of
concern:
Analyze the Cash Flows from Investing
Activities identifying areas of strength and areas of
concern :
Analyze the Cash Flows from Financing
Activities identifying areas of strength and areas of
concern:
Provide a summary analysis. Explain how
strengths and concerns from operating activities could potentially
relate to investing and financing decisions:
Cash Flows from Operating Activities Net Income 478,000 Adjustments to reconcile net income to...
Addison, Inc. reports: Cash provided by operating activities $2,300,000 Cash used by investing activities 640,000 Cash used by financing activities 220,000 Beginning cash balance 340,000 What is Addison's ending cash balance? a) $1,780,000 b) $3,500,000 c) $1,440,000 d) $3,060,000
In 2020, Wildhorse Corporation had net cash provided by operating activities of $566,000, net cash used by investing activities of $1,025,000, and net cash provided by financing activities of $594,000. At January 1, 2020, the cash balance was $320,000. Compute December 31, 2020, cash. Cash, December 31, 2020 $
In 2020, Ivanhoe Corporation had net cash provided by operating activities of $486,000, net cash used by investing activities of $932,000, and net cash provided by financing activities of $559,000. At January 1, 2020, the cash balance was $300,000. Compute December 31, 2020, cash. Cash, December 31, 2020 s
2.
Last year Burch Corporation's cash account decreased by $34,000. Net cash provided by (used in) investing activities was $8,900. Net cash provided by (used in) financing activities was $(31,500). On the statement of cash flows, the net cash provided by (used in) operating activities was: The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment Dividends received on long-term investments Paid off bonds payable Depreciation expense $39,000 $18,000 $10,000 $23,500 $12,000...
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