part a Using the selected data below, calculate the net cash provided by operating activities: Net...
part a
Using the selected data below, calculate the net cash provided by operating activities:
| Net income | $250,000 |
| Increase in accounts receivable | $13,000 |
| Increase in accounts payable | $10,000 |
| Loss on the sale of equipment | $8,000 |
| Depreciation expense | $21,000 |
| Purchase of new delivery truck | $40,000 |
Question 6 options:
|
$276,000 |
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260,000 |
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$282,000 |
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$263,000. Part b The Mitchell Company has 100,000 shares of $5 par common stock outstanding. Management declares (not pays) a 10% stock dividend. The market value of a share of common stock was $15 immediately prior to the stock dividend declaration. The journal entry is: Question 1 options:
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part a
Using the selected data below, calculate the net cash provided
by operating activities:
Net...
Odessa Corporation had 20,000 shares of $2 par value common stock outstanding on July 1. On that day, the board of direc...
Odessa Corporation had 20,000 shares of $2 par value common stock outstanding on July 1. On that day, the board of directors declared a 10% stock dividend when the market value of each share was $9. The stock dividend is to be distributed on July 20 to stockholders of record on July 10. The entry to record the dividend declaration is: No entry is made until the stock is issued. Debit retained Earnings $18,000; credit Common Stock Dividends Distributable $4,000;...
Odessa Corporation had 20,000 shares of $2 par value common stock outstanding on July 1. On...
Odessa Corporation had 20,000 shares of $2 par value common stock outstanding on July 1. On that day, the board of directors declared a 10% stock dividend when the market value of each share was $9. The stock dividend is to be distributed on July 20 to stockholders of record on July 10. The entry to record the dividend declaration is: a) Debit Retained Earnings $18,000; credit Common Stock Dividends Distributable $4,000; credit Paid-In Capital in Excess of Par Value,...
5. Discount Fumiture, Inc. completed the following treasury stock transactions in 2018: (Click the icon to...
5. Discount Fumiture, Inc. completed the following treasury stock transactions in 2018: (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,900 shares of the company's $1 par value common stock as treasury stock, paying cash...
the picture below is a different part! not associated with the above. Everything above this is...
the picture below is a different part! not
associated with the above. Everything above this is all
together.
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$10 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 620,000 423,000 552,000 $1,595,000 Total stockholders' equity On February 5, the directors declare a 2% stock dividend distributable on February 28 to...
At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are...
At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $360,000 100,000 360,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 80,000 80,000 Oct. 25 80,000 Common Dividend Payable Cash 80,000 Oct. 31 91,000 Retained Earnings Common Stock Dividend Distributable...
✓ Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O...
✓ Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O . 2 The comparative Ixalance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2. is shown as follows: Dec 31, 2013 Dec. 31, 2012 $ 150,000 400.000 750,000 100,000 155,000 450,000 770,000 0 500,000 1.400,000 (600.000) $2,675,000 1.200,000 (500,000) $2,100,000 Cash... Accounts receivable Inet Inventories.... Investments Land Equipment..... Accumulated depreciation--equipment Total assets Liabilities and Stockholders' Equity Accounts payable.... Accrued expenses payable... Dividends payable........
1- The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10...
1- The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 shares authorized and 10,000 shares issued, 9,000 shares outstanding $100,000 Paid-in capital in excess of par value, common stock 50,000 Retained earnings 25,000 Treasury stock 11,500 Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is: Multiple Choice $1.15. $1.28. $11.50. $10.50. $10.00. 2- Comfort Mattresses, Inc. sold 26,000 shares of...
On January 1, 2017, Monty Corp. had these stockholders equity accounts. Common Stock ($10 par value, 75,000 shares issued and outstanding) $750,000 523,000 620,000 Paid-in Capital in Excess...
On January 1, 2017, Monty Corp. had these stockholders equity accounts. Common Stock ($10 par value, 75,000 shares issued and outstanding) $750,000 523,000 620,000 Paid-in Capital in Excess of Par Value Retained Earnings During the year, the following transactions occurred. Jan. 15 Declared a $0.60 cash dividend per share Feb. 15 Paid the dividend dedlared in January Apr. 15 Declared a May 15 Issued the shares for the stock dividend. Dec 1 Declared a $o.50 per share cash dividend to...
Print 6. The stockholders' equity of Lakeside Occupational Therapy, Inc. on December 31, 2017, follows: (Click...
Print 6. The stockholders' equity of Lakeside Occupational Therapy, Inc. on December 31, 2017, follows: (Click the icon to view the data.) ?(Click the icon to show additional information.) Read the requirements3. Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, journalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Apr. 30 Now journalize the distribution...
At September 30, the end of Beijing Company’s third quarter, the following stockholders’ equity accounts are...
At September 30, the end of Beijing Company’s third quarter, the following stockholders’ equity accounts are reported. Common stock, $10 par value $ 420,000 Paid-in capital in excess of par value, common stock 100,000 Retained earnings 360,000 In the fourth quarter, the following entries related to its equity are recorded: Date General Journal Debit Credit Oct. 2 Retained Earnings 70,000 Common Dividend Payable 70,000 Oct. 25 Common Dividend Payable 70,000 Cash 70,000 Oct. 31 Retained Earnings 83,000 Common Stock Dividend...
5. Discount Fumiture, Inc. completed the following treasury stock transactions in 2018: (Click the icon to view the transactions.) Requirements 1. Journalize these transactions. Explanations are not required. 2. How will Discount Furniture, Inc. report treasury stock on its balance sheet as of December 31, 2018? Requirement 1. Journalize these transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) Dec. 1: Purchased 1,900 shares of the company's $1 par value common stock as treasury stock, paying cash...
the picture below is a different part! not
associated with the above. Everything above this is all
together.
The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$10 par value, 150,000 shares authorized, 62,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 620,000 423,000 552,000 $1,595,000 Total stockholders' equity On February 5, the directors declare a 2% stock dividend distributable on February 28 to...
At September 30, the end of Beijing Company's third quarter, the following stockholders' equity accounts are reported. Common stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $360,000 100,000 360,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 80,000 80,000 Oct. 25 80,000 Common Dividend Payable Cash 80,000 Oct. 31 91,000 Retained Earnings Common Stock Dividend Distributable...
✓ Net cash flow from operating activities, $490,000 PR 16-1A Statement of cash flows-indirect method O . 2 The comparative Ixalance sheet of Navaria Inc. for December 31, 20Y3 and 20Y2. is shown as follows: Dec 31, 2013 Dec. 31, 2012 $ 150,000 400.000 750,000 100,000 155,000 450,000 770,000 0 500,000 1.400,000 (600.000) $2,675,000 1.200,000 (500,000) $2,100,000 Cash... Accounts receivable Inet Inventories.... Investments Land Equipment..... Accumulated depreciation--equipment Total assets Liabilities and Stockholders' Equity Accounts payable.... Accrued expenses payable... Dividends payable........
On January 1, 2017, Monty Corp. had these stockholders equity accounts. Common Stock ($10 par value, 75,000 shares issued and outstanding) $750,000 523,000 620,000 Paid-in Capital in Excess of Par Value Retained Earnings During the year, the following transactions occurred. Jan. 15 Declared a $0.60 cash dividend per share Feb. 15 Paid the dividend dedlared in January Apr. 15 Declared a May 15 Issued the shares for the stock dividend. Dec 1 Declared a $o.50 per share cash dividend to...
Print 6. The stockholders' equity of Lakeside Occupational Therapy, Inc. on December 31, 2017, follows: (Click the icon to view the data.) ?(Click the icon to show additional information.) Read the requirements3. Requirement 1. Journalize the declaration and distribution of the stock dividend. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First, journalize the declaration of the stock dividend. Date Accounts and Explanation Debit Credit Apr. 30 Now journalize the distribution...
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