Homework Answers
| Cash flow from financing activities | |
| Purchase treasury Stock | -20000 |
| Dividend paid | -40000 |
| Net cash outflow from financing activities | -60000 |
So answer is d) $60000
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In Ramon Company, Treasury Stock increased $20.000 from a cash purchase and Retained Earnings increased $80,000...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals 2004 $55,500 64,500 98,700 800 5,000 100,000 (32,000 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Investments Equipment Accum. Depreciation Totals 5,000 100,000 (32,000) 292,500 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained...
Statement of Cash Flows Demonstration Problem The following comparative balance sheets are for Dells Corporation as...
Statement of Cash Flows Demonstration Problem The following comparative balance sheets are for Dells Corporation as of June 30, 2010, and June 30, 2017. Also provided is the statement of income and retained earnings for the year ended June 30, 2018, with additional data. Dells Company Comparative Balance Sheet June 30, 2018 and 2017 Assets 2018 2017 Increase/Decrease) Current Assets: Cash $30,000M $80,000 - L (550,000) — K Accounts Receivable, net 160,000 100,000 60,000 Merchandise Inventory 100,000 30,000 Prepaid Rent...
Exercise 11-21 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander...
Exercise 11-21 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 60,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 80,000 375,000 $1,455,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. 2 Purchased 4,000 shares of...
Exercise 11-21 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander...
Exercise 11-21 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 60,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 80,000 375,000 $1,455,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $25...
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 [The...
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 [The following information applies to the questions displayed below.] Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 500,000 80,000 430,000 Total stockholders' equity $1,010,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan....
Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following...
Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Notes payable Common stock Retained earnings 12/31/2019 $95,000 120,000 20,000 12/31/2018 $75,000 80,000 36,000 Madison reported net income of $36,000 for the year ended December 31, 2019. In addition, Madison repaid $63,000 of the notes payable during 2019. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). $ 31,000 x
Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following...
Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: 12/31/2019 $95,000 120,000 20,000 12/31/2018 $75,000 80,000 36,000 Notes payable Common stock Retained earnings Madison reported net income of $22,000 for the year ended December 31, 2019. tn addition, Madison repaid $37,000 of the notes payable during 2019. Required Compute net cash flow from financing activities. Use a minus sign to Indicate negative cash flows (outflows).
Problem 13-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler...
Problem 13-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 400,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 270,000 Total stockholders' equity $ 730,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 4,000 shares of its own stock...
stock for cash increases cash from investing activities cash from operating activities retained earnings stockholders’ equity...
stock for cash increases cash from investing activities cash
from operating activities retained earnings stockholders’ equity
flow from financing activities assets net income common stock
Select all that apply Issuing stock for cash increases O cash flow from investing activities cash flow from operating activities retained earnings O stockholders' equity O cash flow from financing activities O assets net income common stock
Additional information: Accounts payable pertain to the purchase of inventory. Plant assets were sold for $40,000....
Additional information:
Accounts payable pertain to the purchase of inventory.
Plant assets were sold for $40,000. The cost of the plant assets
was $40,000.
All dividends are cash.
For the year 2005:
Cash received/collected from customers is:
Purchases for the year is:
Cash paid to suppliers is:
Depreciation expense is:
Cash paid for operating expenses is:
Cash paid for interest is:
Cash paid for income taxes is:
Cash provided by/(used in)*operating activities
is:
Cash provided by/(used in)*investing activities
is:
Cash...
The following data is from the comparative balance sheets of Wilson Company: Cash Accounts Receivable Inventory Prepaid Insurance Investments Equipment Accum. Depreciation Totals 2004 $55,500 64,500 98,700 800 5,000 100,000 (32,000 292,500 2003 $32,400 73,200 97,900 1,200 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained Earnings Totals 14,100 60,000 120,000 98,400 292,500 18,300 80,000 100,000 86,400 284,700 Investments Equipment Accum. Depreciation Totals 5,000 100,000 (32,000) 292,500 15,000 87,000 (22,000) 284,700 Accounts Payable Bonds Payable Common Stock Retained...
Statement of Cash Flows Demonstration Problem The following comparative balance sheets are for Dells Corporation as of June 30, 2010, and June 30, 2017. Also provided is the statement of income and retained earnings for the year ended June 30, 2018, with additional data. Dells Company Comparative Balance Sheet June 30, 2018 and 2017 Assets 2018 2017 Increase/Decrease) Current Assets: Cash $30,000M $80,000 - L (550,000) — K Accounts Receivable, net 160,000 100,000 60,000 Merchandise Inventory 100,000 30,000 Prepaid Rent...
Exercise 11-21 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 60,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 80,000 375,000 $1,455,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. 2 Purchased 4,000 shares of...
Exercise 11-21 Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Alexander Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par value, 60,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,000,000 80,000 375,000 $1,455,000 During the year, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $25...
Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 [The following information applies to the questions displayed below.] Kohler Corporation reports the following components of stockholders' equity on December 31, 2015: Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 500,000 80,000 430,000 Total stockholders' equity $1,010,000 In year 2016, the following transactions affected its stockholders' equity accounts. Jan....
Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: Notes payable Common stock Retained earnings 12/31/2019 $95,000 120,000 20,000 12/31/2018 $75,000 80,000 36,000 Madison reported net income of $36,000 for the year ended December 31, 2019. In addition, Madison repaid $63,000 of the notes payable during 2019. Required: Compute net cash flow from financing activities. Use a minus sign to indicate negative cash flows (outflows). $ 31,000 x
Brief Exercise 11-31 (Algorithmic) Determining Net Cash Flow from Financing Activities Madison Company reported the following information: 12/31/2019 $95,000 120,000 20,000 12/31/2018 $75,000 80,000 36,000 Notes payable Common stock Retained earnings Madison reported net income of $22,000 for the year ended December 31, 2019. tn addition, Madison repaid $37,000 of the notes payable during 2019. Required Compute net cash flow from financing activities. Use a minus sign to Indicate negative cash flows (outflows).
stock for cash increases cash from investing activities cash
from operating activities retained earnings stockholders’ equity
flow from financing activities assets net income common stock
Select all that apply Issuing stock for cash increases O cash flow from investing activities cash flow from operating activities retained earnings O stockholders' equity O cash flow from financing activities O assets net income common stock
Additional information:
Accounts payable pertain to the purchase of inventory.
Plant assets were sold for $40,000. The cost of the plant assets
was $40,000.
All dividends are cash.
For the year 2005:
Cash received/collected from customers is:
Purchases for the year is:
Cash paid to suppliers is:
Depreciation expense is:
Cash paid for operating expenses is:
Cash paid for interest is:
Cash paid for income taxes is:
Cash provided by/(used in)*operating activities
is:
Cash provided by/(used in)*investing activities
is:
Cash...
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