ROWE FURNITURE CORPORATION
STATEMENT OF CASH FLOWS (PARTIAL)
Cash Flow from investing activities | $ | $ |
Purchase of property, plant & equipment | (901) | |
Sale of Investment | 137 | |
Proceeds from sale of equipment | 6,894 | |
Net cash flow from Investing activities | $6,130 | |
Cash Flow from Financing activities | ||
Borrowing under line of credit(Bank) | $1,447 | |
Proceeds from issue of common stock | $14 | |
Payment to reduce the notes payable | ($49) | |
Dividends paid | ($280) | |
Net Cash flow from Financing activities | $1,132 |
Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the...
Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: Net income $ 3,935 Purchase of equipment 851 Borrowings under line of credit (bank) 1,397 Proceeds from issuance of common stock 23 Cash received from customers 28,964 Payments to reduce notes payable (long-term) 44 Sale of investments 132 Proceeds from sale of equipment 6,394 Dividends paid 275 Interest paid 88 Required: Based on this information, present the cash flows from investing and...
Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income $ 5,152 Purchase of property, plant, and equipment 1,073 Borrowings under line of credit (bank) 1,119 Proceeds from issuance of stock 12 Cash received from customers 37,177 Payments to reduce long-term debt 62 Sale of marketable securities 233 Proceeds from sale of property and equipment 6,892 Dividends paid 290 Interest paid 96 Purchase of treasury stock (stock repurchase) 2,577...
Analyze your company’s investing and financing activities for the most recent year as identified in the statement of cash flows, specifically identifying the two largest investing activities and the two largest financing activities. Evaluate the cash flow from operating activities of the firm (specifically analyze whether the company is performing better over the years, discuss whether cash flow from operating activities appears to be satisfactory given the current business environment and firms’ stage in the life cycle). The company taken...
Gibraltar Industries, In., is a manufacturer of steel products for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended December 31, 2016, it reported the following activities: Net income Purchase of equipment Payments on notes payable to bank Net proceeds from stock issuance Depreciation Proceeds from sale of equipment $33,675 10,800 400 3,340 24,000 950 40,000 1,540 Decrease in accounts receivable Payments to acquire treasury stock Required: Based on this information, present the cash...
Question 4: Cash Flow Statement (7 marks) The Statement of Cash Flows for Sasha Ltd for year ended 30 June 2020 has been provided below: Sasha Ltd Statement of Cash Flows for the year ended 30 June 2020 $ $ 14,500 126,000 (16,500) (51,000) 73,000 Cash flows from operating activities Interest payments Receipts from customers Depreciation expense Payments to employees Net cash provided by operating activities Cash flows from investing activities Payment of dividends to shareholders Proceeds from issue of...
Below is a firm's cash flow statement. What are its operating cash flows, financing cash flows and operating + investing cash flows? Net loss $ (2,221) Depreciation and amortization 375 Impairment charges 427 Merchandise inventories 1,213 Merchandise payables (526) Other operating assets (649) Net cash used in operating activities (1,381) Proceeds from sales of property and investments 386 Purchases of property and equipment (142) Net cash provided by investing activities 244 Proceeds from debt issuances 1,962 Increase (decrease) in short-term...
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...
Westmoreland Corporation prepared its statement of cash flows for the year. The following information is taken from that statement Net cash provided by operating activities Net cash provided by investing activities Net cash flow used in financing activities Cash balance, end of year $ 17,900 5,900 (10,700) 17,600 What is the cash balance at the beginning of the year? Multiple Choice 0 $7,300 O $30,700 0 O $4,500 0 $13.100 0 Saved Net income Cash dividends paid to stockholders Cash...
Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: 2019 2018 Assets: Cash $33,200 $12,750 Accounts receivable 53,000 44,800 Inventory 29,500 27,500 Prepaid rent 2,200 6,200 Investments (long-term) 17,600 31,800 Property, plant, and equipment 162,000 149,450 Accumulated depreciation (61,600) (56,200) Total assets $235,900 $216,300 Liabilities and Equity: Accounts payable $16,900 $19,500 Interest payable 3,500 4,800 Wages payable 9,600 7,100 Income taxes payable 5,500 3,600 Notes payable 30,400 53,000 Common stock 100,000 68,500 Retained earnings 70,000...
Current Attempt in Progress The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. 3. Investing activity. Financing activity. 4. 5. Reported as significant noncash activity The transactions are as follows. Transactions Classifications of Activities (a) Issuance of common stock. Purchase of land and building. Redemption of bonds. Sale of equipment. (e) Depreciation...