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Preparing the Cash Flow
from Investing 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...
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...
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...
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...
Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31,...
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...
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...
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...
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...
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...
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...
Cash Flow from Investing Activities Using the information for the Seville Corporation, calculate the cash flow...
Cash Flow from Investing Activities Using the information for the Seville Corporation, calculate the cash flow from investing activities. Accounts payable increase $9,000 Accounts receivable increase 4,000 Accrued liabilities decrease 3,000 Amortization expense 6,000 Cash balance, January 1 22,000 Cash balance, December 31 15,000 Cash paid as dividends 29.000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 35,000 Cash received from sale of equipment 17,000 Depreciation...
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...
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...
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...
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...
Cash Flow from Investing Activities Using the information for the Seville Corporation, calculate the cash flow from investing activities. Accounts payable increase $9,000 Accounts receivable increase 4,000 Accrued liabilities decrease 3,000 Amortization expense 6,000 Cash balance, January 1 22,000 Cash balance, December 31 15,000 Cash paid as dividends 29.000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 35,000 Cash received from sale of equipment 17,000 Depreciation...
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