Homework Answers
| Payment of common stock dividends | -50,000 |
| Proceeds from sale of common stock | 240,000 |
| Cash provided by financing activities | 190,000 |
Option C is the answer
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Question 5 The following information on selected cash transactions for the year has been provided by...
Keynes Corp. had the following cash transactions during 2020. Proceeds from sale of land: $312,000 Proceeds...
Keynes Corp. had the following cash transactions during 2020. Proceeds from sale of land: $312,000 Proceeds from long-term borrowings: $260,000 Purchases of plant assets: $215,000 Purchases of inventories: $458,000 Proceeds from sale of Keynes common stock: $1,200,000 The land that was sold had an original cost to Keynes of $189,000. Determine net cash provided (used) by investing activities for Keynes for 2020.
1- Marcellus Corp. provided the following information for calendar 2018: Marcellus adheres to ASPE. Proceeds from...
1- Marcellus Corp. provided the following information for calendar 2018: Marcellus adheres to ASPE. Proceeds from issuing bonds......................................200,000 Purchase of inventories ..............................................380,000 Purchase of long-term investment ..............................280,000 Dividends paid to preferred shareholders ................... 40,000 Proceeds from issuing preferred shares ..................... 160,000 Proceeds from sale of equipment ...............................40,000 The cash provided by (used in) investing activities during 2018 is a) $40,000. b) $(240,000). c) $(400,000). d) $(440,000). 2. Selected information from Regan Ltd.'s 2018 accounting records is as follows: Proceeds from...
Question 17 Calvin Company provided the following information during 2017: Purchase of land by issuing bonds...
Question 17 Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from issuing long-term debt Dividends paid to shareholders Proceeds from issuing stock Proceeds from sale of building Purchases of inventories Purchase of treasury stock $ 550,000 300,000 120.000 300,000 360,000 800.000 430,000 How much is 'net cash provided by financing activities during 2017? $(500,000) $550.000 $50.000 $600.000
In preparing a company's statement of cash flows for the mostrecent year, the following information...
In preparing a company's statement of cash flows for the most recent year, the following information is available:Loss on the sale of equipment $14,000Purchase of equipment $145,000Proceeds from the sale of equipment $126,000Repayment of outstanding bonds $87,000Purchase of treasury stock $62,000Issuance of common stock $96,000Purchase of land $115,000Increase in accounts receivable during the year $43,000Decrease in accounts payable during the year $75,000Payment of cash dividends $35,000Net cash flows from investing activities for the year were:A. $206,000 of net cash used...
In preparing a company's statement of cash flows for the most recent year, the following information...
In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment $14,000 Purchase of equipment $145,000 Proceeds from the sale of equipment $126,000 Repayment of outstanding bonds $87,000 Purchase of treasury stock $62,000 Issuance of common stock $96,000 Purchase of land $115,000 Increase in accounts receivable during the year $43,000 Decrease in accounts payable during the year $75,000 Payment of cash dividends $35,000 Net cash flows from...
can i get answers for these 2 questions, with some exolanation please ! Question 13 View...
can
i get answers for these 2 questions, with some exolanation please !
Question 13 View Policies Current Attempt in Progress The net cash provided by operating activities in Bramble Corp's statement of cash flows for 2021 was $314000. For 2021 depreciation on plant assets was $89600, amortization of patent was $16500, and cash dividends paid on common stock was $109000. Based only on the information given above, Bramble's net income for 2021 was $16500. $314000. $207900. 4 $316900. e...
Statement of Cash Flows Your supervisor has provided you with the following statement of cash flows,...
Statement of Cash Flows Your supervisor has provided you with the following statement of cash flows, prepared using the indirect method. Recall that the statement of cash flows consists of three sections: cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Review the statement, and then proceed to the next panel. Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 20Y8 Cash flows from (used for) operating activities: Net...
. Flow Company has provided the following information for the year ended December 31, 2019: Cash...
. Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $24,000 Cash paid for dividends, $6,800 Cash dividends received, $4,800 Cash proceeds from bank loan $37,000 Cash purchase of treasury stock, $15,000 Cash paid for equipment purchase, $31.000 Cash received from issuance of common stock, $41,000 Cash received from sale of land with a $36,000 book value, $28,200 Acquisition of land costing $55,000 in exchange for preferred stock issuance. Payment of...
QUESTION 5 (Points 30) 5. The accounting staff of Sparks INC has assembled the following information...
QUESTION 5 (Points 30)
5. The accounting staff of Sparks INC has assembled the
following information for the year ended December 31, 2019:
5.1. Prepare a statement of cash flows in the format Example
below (Allison corporation) Place brackets around amounts
representing cash outflows. Use the direct method of reporting cash
flows from operating activities.
5.2. Some of the items above will be listed in your statement
without change. However, you will have to combine certain given
information to compute...
please correct 5. A company began a year with Cash of SK. These items increased by...
please correct
5. A company began a year with Cash of SK. These items increased by the amounts displayed during the calendar year: Inventories, S72; Accumulated depreciation, $20: Accounts receivable, $8, Accounts payable, $2; Notes payable, $8; purchases of Fixed assets, $80; Common stock, $25. Net income is $34. There were no changes in long-term debt and no earnings were distributed to stockholders. Complete the following Statement of Cash Flows: Cash Flows from Operating Activities Net income 34 Depreciation 10...
Question 17 Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from issuing long-term debt Dividends paid to shareholders Proceeds from issuing stock Proceeds from sale of building Purchases of inventories Purchase of treasury stock $ 550,000 300,000 120.000 300,000 360,000 800.000 430,000 How much is 'net cash provided by financing activities during 2017? $(500,000) $550.000 $50.000 $600.000
can
i get answers for these 2 questions, with some exolanation please !
Question 13 View Policies Current Attempt in Progress The net cash provided by operating activities in Bramble Corp's statement of cash flows for 2021 was $314000. For 2021 depreciation on plant assets was $89600, amortization of patent was $16500, and cash dividends paid on common stock was $109000. Based only on the information given above, Bramble's net income for 2021 was $16500. $314000. $207900. 4 $316900. e...
. Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $24,000 Cash paid for dividends, $6,800 Cash dividends received, $4,800 Cash proceeds from bank loan $37,000 Cash purchase of treasury stock, $15,000 Cash paid for equipment purchase, $31.000 Cash received from issuance of common stock, $41,000 Cash received from sale of land with a $36,000 book value, $28,200 Acquisition of land costing $55,000 in exchange for preferred stock issuance. Payment of...
QUESTION 5 (Points 30)
5. The accounting staff of Sparks INC has assembled the
following information for the year ended December 31, 2019:
5.1. Prepare a statement of cash flows in the format Example
below (Allison corporation) Place brackets around amounts
representing cash outflows. Use the direct method of reporting cash
flows from operating activities.
5.2. Some of the items above will be listed in your statement
without change. However, you will have to combine certain given
information to compute...
please correct
5. A company began a year with Cash of SK. These items increased by the amounts displayed during the calendar year: Inventories, S72; Accumulated depreciation, $20: Accounts receivable, $8, Accounts payable, $2; Notes payable, $8; purchases of Fixed assets, $80; Common stock, $25. Net income is $34. There were no changes in long-term debt and no earnings were distributed to stockholders. Complete the following Statement of Cash Flows: Cash Flows from Operating Activities Net income 34 Depreciation 10...
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