Knowledge Check 01 Selected information from Green Co.'s accounting records and financial statements is as follows:...
Knowledge Check 01
Selected information from Green Co.'s accounting records and
financial statements is as follows:
| Gain on sale of land | $ | 12,000 | |
| Proceeds from sales to customers | 21,800 | ||
| Purchase of Black, Inc. bonds (face amount $205,000) | 367,000 | ||
| Amortization of bond discount | 4,800 | ||
| Cash dividends declared | 98,000 | ||
| Cash dividends paid | 72,000 | ||
| Proceeds from sales of Green Co. common stock | 157,000 | ||
What are the net cash flows from financing activities that will be
reported in the statement of cash flows? (Enter net cash
outflows with a minus sign.)
Homework Answers
| Cash flows from financing activities : | |
| Cash dividend paid | - 72,000 |
| Proceeds from sale of common stock | 157,000 |
| Net cash flows from Financing activities | $85, 000 |
Net cash flows from Financing activities = $85,000
kindly give a positive rating if you are satisfied with the solution. Please ask if you have any query related to the question, Thanks.
Add Answer to:
Knowledge Check 01
Selected information from Green Co.'s accounting records and
financial statements is as follows:...
In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered...
In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data: Gain on sale of land $ 12,700 Proceeds from sale of land 21,100 Purchase of Black, Inc., bonds (face value $225,000) 365,000 Amortization of bond discount 4,900 Cash dividends declared 91,000 Cash dividends paid 76,000 Proceeds from sales of Green Co. common stock 159,000 In its December 31, 2018, statement of cash flows, what amount should Green report as net cash...
1. 2. 3. In preparing its cash flow statement for the year ended December 31, 2018,...
1.
2.
3.
In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data: $12,900 Gain on sale of land Proceeds from sale of land 21,800 Purchase of Black, Inc., bonds (face value $230,000) 363,000 Amortization of bond discount 4,600 Cash dividends declared 98,000 Cash dividends paid 72,000 Proceeds from sales of Green Co. common stock 155,000 In its December 31, 2018, statement of cash flows, what amount should Green report as...
Selected information from Large Corporation's accounting records and financial statements for 2018 is as follows ($...
Selected information from Large Corporation's accounting records and financial statements for 2018 is as follows ($ in millions): Cash paid to acquire a patent $ 22 Treasury stock purchased for cash 19 Proceeds from sale of land and buildings 36 Gain from the sale of land and buildings 20 Investment revenue received 6 Cash paid to acquire office equipment 31 Large prepares its financial statements in accordance with IFRS. In its statement of cash flows, Large most likely reports net...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31,...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 famounts in millions): $ 319 1,349 Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment 165 826 305 Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year...
please show work The following information is available from Bromfield Co.'s accounting records for the year...
please show work
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment $ 329 99 1,346 202 157 797 303 53 Required: a. Calculate the net cash provided (used) by operating activities...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31,...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions) Cash dividends declared and paid $ 334 Interest and taxes paid 91 Collections from customers 1,339 Payment of long-term debt . 210 Purchase of land and buildings 156 Cash paid to suppliers and 813 employees Issuance of preferred stock Proceeds from the sale of equipment Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for...
The financial statements of Pouchie Co. included the following information for the year ended December 31,...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions) $258 318 816 378 143 171 Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase Required: Complete the following statement of cash flows, using the indirect method. (Amounts...
The financial statements of Pouchie Co. included the following information for the year ended December 31,...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): $ 130 165 410 S Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of conmon stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 192 60 74 106 8 20 19 22 Required: Complete the following statement of...
please answer full question The following information is available from Bromfield Co.'s accounting records for the...
please answer full question
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): $ 334 1.327 Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock roceeds from the sale of equipment Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the...
The financial statements of Pouchie Co. included the following information for the year ended December 31,...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): Depreciation and amortization expense $ 130 Cash dividends declared and paid 165 Purchase of equipment 410 Net income 192 Beginning cash balance 60 Proceeds of common stock issued 74 Proceeds from sale of building (at book value) 106 Accounts receivable increase 8 Ending cash balance 20 Inventory decrease 19 Accounts payable increase 22 Required: Complete the following statement of cash...
1.
2.
3.
In preparing its cash flow statement for the year ended December 31, 2018, Green Co. gathered the following data: $12,900 Gain on sale of land Proceeds from sale of land 21,800 Purchase of Black, Inc., bonds (face value $230,000) 363,000 Amortization of bond discount 4,600 Cash dividends declared 98,000 Cash dividends paid 72,000 Proceeds from sales of Green Co. common stock 155,000 In its December 31, 2018, statement of cash flows, what amount should Green report as...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 famounts in millions): $ 319 1,349 Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment 165 826 305 Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the year...
please show work
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock Proceeds from the sale of equipment $ 329 99 1,346 202 157 797 303 53 Required: a. Calculate the net cash provided (used) by operating activities...
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions) Cash dividends declared and paid $ 334 Interest and taxes paid 91 Collections from customers 1,339 Payment of long-term debt . 210 Purchase of land and buildings 156 Cash paid to suppliers and 813 employees Issuance of preferred stock Proceeds from the sale of equipment Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions) $258 318 816 378 143 171 Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of common stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase Required: Complete the following statement of cash flows, using the indirect method. (Amounts...
The financial statements of Pouchie Co. included the following information for the year ended December 31, 2019 (amounts in millions): $ 130 165 410 S Depreciation and amortization expense Cash dividends declared and paid Purchase of equipment Net income Beginning cash balance Proceeds of conmon stock issued Proceeds from sale of building (at book value) Accounts receivable increase Ending cash balance Inventory decrease Accounts payable increase 192 60 74 106 8 20 19 22 Required: Complete the following statement of...
please answer full question
The following information is available from Bromfield Co.'s accounting records for the year ended December 31, 2019 (amounts in millions): $ 334 1.327 Cash dividends declared and paid Interest and taxes paid Collections from customers Payment of long-term debt Purchase of land and buildings Cash paid to suppliers and employees Issuance of preferred stock roceeds from the sale of equipment Required: a. Calculate the net cash provided (used) by operating activities for Bromfield Co. for the...
Most questions answered within 3 hours.
-
Suppose that XX is a random variable with mean 16 and standard
deviation 5 . Also...
asked 1 minute from now -
Calculate the number density of argon gas at a temperature of
24C and a pressure of...
asked 3 hours ago -
Alternative
Classification
How to Estimate
Probabilities from Data? ( For continuous Attributes)
And How to generate...
asked 3 hours ago -
An explosion breaks a 20.0-kg object into three parts. The
object is initially moving at a...
asked 4 hours ago -
Calculate the approximate number of residues of Rubisco, which
is involved in carbon fixation in plants,...
asked 5 hours ago -
Other decisions about scientific claims can have a much broader
impact.ENERGYarrow-10x10.png, environment, health, security - all...
asked 5 hours ago -
I need to write a research paper and work cited about this
topic: The United States...
asked 6 hours ago -
Hello! I was wondering if I could have some help?
If the vapor pressure of carvone...
asked 6 hours ago -
An economist wants to estimate the mean per capita income (in
thousands of dollars) for a...
asked 7 hours ago -
What would be the input/output characteristic of a circuit
obtained by putting two of your 2's-complementers...
asked 7 hours ago -
In Drosophila, the transition from the syncytial blastoderm
stage to the cellular blastoderm stage is a...
asked 7 hours ago -
Project management question:
Name 3 different types of resources (hint: humans are one
type)
asked 7 hours ago