ZuoTi.Pro
Question

Fergusson Corporation determines operating cash flows by the indiroct method. EEB (Click the icon to view the income statement.) Click the icon to view the balance sheet.) Fergyssons net cash low from financing activities for 2017 was O A. O B. O C. O D. net cash provided of $13,000. net cash used of $28,000. net cash used of $26,000. net cash used of $21,500.

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

FERGUSSON CORPORATION Statement of Cash Flows (Indirect Method) For the year ended December 31, 2017 Cash flows from financing activities: Issuance of common shares ($26,000 13,0 Net cash provided by financing activities $13,000 $13,000 Hence, The Answer is A. Net Cash Provided of $13,000*

0 0
Add a comment
Know the answer?
Add Answer to:
Fergusson Corporation determines operating cash flows by the indiroct method. EEB (Click the icon to view...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Noah Corporation determines operating cash flows by the indirect method. (Click the icon to view the...

    Noah Corporation determines operating cash flows by the indirect method. (Click the icon to view the income statement.) (Click the icon to view the balance sheet.) Noah's net cash provided by operating activities during 2017 was O A. $53,500 OB. $66,000 O C. $59,000 OD. $3,000 i Income statement Noah Corporation Income Statement for Year Ended December 31, 2017 Sales revenue ............... $ 195,000 10,000 $ 205,000 Gain on sale of equipment...... Cost of goods sold ........... Depreciation ............... 119,000...

  • entury Corporation has the following activities for the past year: (Click the icon to view the...

    entury Corporation has the following activities for the past year: (Click the icon to view the data.) Prepare the statement of cash flows for Century Corporation for the year. Century Corporation uses the Indirect method for operating activities. Statement of Cash Flows (Indirect Method) For the Year Ended December 31 Operating Activities: Adjustments to reconcile net income to cash basis Data Table Net cash provided by used for operating activities Investing Activities: Net income Payment of dividends $ 4,000 Proceeds...

  • The income statement and additional data of Rolling Hals, Inc., follow Click the icon to view...

    The income statement and additional data of Rolling Hals, Inc., follow Click the icon to view the income statement.) Click the icon to view the additional data.) Read the regirements Requirement 1. Prepare Rolling Hills's statement of cash flows and accompanying schedule of noncash investing and financing activities Report operating activities using the direct method Start by completing the cash flows from operating activities. The complete the rest of the statement of cash fows and accompanying schedule of noncash investing...

  • The 2018 income statement and comparative balance sheet of Get Wired, Inc. follow: EEB (Click the...

    The 2018 income statement and comparative balance sheet of Get Wired, Inc. follow: EEB (Click the icon to view the income statement) ell (Click the icon to view the comparative balance sheet.) Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Net Cash Provided by (Used...

  • The income statement and additional data of Supplements Plus, Inc. follow: (Click the icon to view...

    The income statement and additional data of Supplements Plus, Inc. follow: (Click the icon to view the income statement.) i (Click the icon to view the additional data.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. Use the transaction references in Panel B when selecting the transaction references in Panel Alf a box is not used in the spreadsheet, leave the box emoty: do not select a label...

  • Jetson in reported the following statement of cash fows for 2018 Click the icon to view...

    Jetson in reported the following statement of cash fows for 2018 Click the icon to view the statement of cash flow ) Jetson plans to purchase a true for $22.000 and a fort for $120.000 year in t o dividends of $5.000 Assuming Jetson plans m a tty for 2019, what would be the amount of free cash fow? Abbreviations used Cash pris for planned west-Cash payment for planned Investments in long-term as NCFA Netcash provided by Branding active: NCOA...

  • A (Click the icon to view the additional information.) The 2018 income statement and comparative balance...

    A (Click the icon to view the additional information.) The 2018 income statement and comparative balance sheet of All Wired, Inc. follow: (Click the icon to view the income statement.) E: (Click the icon to view the comparative balance sheet.) Read the requirements. Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used...

  • The income statement and additional data of Daily Plus, Inc. follows: (Click the icon to view...

    The income statement and additional data of Daily Plus, Inc. follows: (Click the icon to view the income statement.) A (Click the icon to view the additional data.) i More Info - X Prepare Daily Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a mine...

  • Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 230,000 Cost...

    Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 230,000 Cost of Goods Sold 93,000 Gross Profit 137,000 Operating Expenses: Salaries Expense $ 57,000 Depreciation Expense Plant Assets 28,000 Total Operating Expenses 85,000 Net Income Before Income Taxes 52,000 Income Tax Expense 8,000 $ Net Income 44,000 c. a. Acquisition of plant assets is $118,000. Of this amount, $105,000 is paid in cash and $13,000 by signing a note payable. b. Cash receipt from sale...

  • Digha Corporation uses the direct method to prepare its statement of cash flows. Data related to...

    Digha Corporation uses the direct method to prepare its statement of cash flows. Data related to cash activities for last year appear next. (Click the icon to view the data.) nswer the following questions: . Calculate the net cash flow from operating activities for the year. (Use parentheses or a minus sign for numbers to be subtracted or net cash outf Operating Activities: Net cash provided by (used for) operating activities i Data Table Paid for equipment Paid to suppliers........

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT