Question

Brockport Company issued long-term debt of 400 paid dividends of 20 and issued capital stock of...

Brockport Company issued long-term debt of 400 paid dividends of 20 and issued capital stock of 100. Cash flow from financing activities was:

a. 460

b. 480

c. 500

d. 520

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer: Option ( B) 480

Explanation:

Cash flow from finance activity = Issued long term debt + issued capital stock - Dividend paid

Cash flow from finance activity = 400 + 100 - 20

Cash flow from finance activity = 480 (Answer)

Add a comment
Know the answer?
Add Answer to:
Brockport Company issued long-term debt of 400 paid dividends of 20 and issued capital stock of...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

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
  • Independent Support, Inc. issued common stock for $520,000 cash. The company declared and paid cash dividends...

    Independent Support, Inc. issued common stock for $520,000 cash. The company declared and paid cash dividends of $55,000 and purchased treasury stock at a cost of $20,000. The financing section of the statement of cash flows will report Net cash provided by financing activities of O A. $540,000 B. $465,000. O C. $520,000 O D. $445,000

  • In the current year, a company paid interest of $50,000, had net capital expenditures of $300,000,...

    In the current year, a company paid interest of $50,000, had net capital expenditures of $300,000, and issued net new debt of $90,000. In addition, the company reported cash flow from operating activities of $500,000, cash flow from investing activities of ($350,000), and cash flow from financing activities of $165,000. The marginal tax rate is 30%. Compute the free cash flow to the equity holders. a)$235,000 b) $250,000 c) $290,000 d) $835,000

  • Assume the following: CFFA = $10; Dividends = $3; Long-term debt paid off in the amount of $5; Interest paid = $3. Accor...

    Assume the following: CFFA = $10; Dividends = $3; Long-term debt paid off in the amount of $5; Interest paid = $3. According to the Cash Flow Identity, did this company (a) issue or (b) repurchase stock and in what amount? Please explain how you find the answer!

  • she real the company had paid stransaction would that he market was ander US GAAP the...

    she real the company had paid stransaction would that he market was ander US GAAP the real cost of $1.00 isformation in the hous e reported on the balance sheet 8. Hitchcock Enterprises sold a vacant plot of land for $20,000. The come $5,000 for the land ten years ago. On the statement of cash flows, this tran be reported as a b. operating cash inflow of $15,000 investing cash inflow of $15,000 investing cash flow of $20,000 financing cash...

  • Income Statement Sales 900 COGS 550 Gross Margin 350 S&G 200 EBIT 150 Interest Exp 20...

    Income Statement Sales 900 COGS 550 Gross Margin 350 S&G 200 EBIT 150 Interest Exp 20 Taxes 15 Net Income 115 # Shares 400 Balance Sheet Cash 400 Account Receivable 200 Inventory 100 Total Current Assets 700 Long Term Investments 500 Property Plant and Equipment 800 Goodwill 100 Total Assets 2100 Accounts Payable 220 Total Current Liabilities 300 Total Liabilities 1720 Stockholders' Equity Total Stockholders' Equity 380 Net Tangible Assets 280 Cash Flow Net Income 115 Depreciation 250 Total Cash...

  • 2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current assets 4,500 4,800...

    2011 2012 Cash 300 400 Accounts receivable 1,000 1,400 Inventories 3,200 3,000 Current assets 4,500 4,800 Net fixed assets 3,800 Total assets 4,300 9,100 8,300 Notes payable 300 Accounts payable 500 Accruals Current portion of long- term debt Current liabilities 1,220 Long-term debt 4,300 Common stock ($.20 par) 1,200 Additional paid-in capital 680 Retained earnings Total liabilities and equity 8,300 Het income as reported on the 2012 Income statement) - 528 960 4,900 1,300 740 1,200 900 9,100 Depreciation as...

  • Problem 2: Selected balances for Cole Company are as follows: 2017 2016 Long-Term N/P Common Stock...

    Problem 2: Selected balances for Cole Company are as follows: 2017 2016 Long-Term N/P Common Stock Paid In Capital Retained Earnings 100,000 150,000 200,000 100,000 150,000 100,000 100,000 50,000 A. No new notes were borrowed during the year. B. Common stock was issued for cash. C. Net income for the year was $75,000 Prepare the Financing section of the cash flow statement for Cole.

  • Cash dividends paid to stockholders are classified on the statement of cash flows as: (a) operating...

    Cash dividends paid to stockholders are classified on the statement of cash flows as: (a) operating activities. (b) investing activities. (c) a combination of (a) and (b). (d) financing activities. Which is an example of a cash flow from a financing activity? (a) Receipt of cash from sale of land. (b) Issuance of debt for cash. (c) Purchase of equipment for cash. (d) None of the above 1o 1 17

  • A.) Assume that future free cash flow will grow at 4% per year and their cost...

    A.) Assume that future free cash flow will grow at 4% per year and their cost of capital is 14%, and estimate the fair market value (i.e., the enterprise value) as of year-end 2017. Enterprise value = ? B.) Estimate the firm’s stock price, if there are 100 shares outstanding. Stock price = ? Here are the recent financial statements for Lynn Industries: 2017 Income Statement Sales 2,000 1,500 COGS EBIT 500 Interest expense Taxable income Taxes 20 480 192...

  • (513) Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of...

    (513) Repayments of long-term debt and other Principal repayments of capital lease obligations Principal repayments of finance lease obligations Net cash provided by (used in) financing activities Foreign currency effect on cash and cash equivalents Net increase (decrease) in cash and cash equivalents CASH AND CASH EQUIVALENTS, END OF PERIOD SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest on long-term debt Cash paid for interest on capital and finance lease obligations Cash paid for income taxes, net of refunds Property...

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