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 from financing activities?
Homework Answers
The calculation of cash flow from financing activity is shown below:
Cash flow fro financing activity = proceeds from sale of shares - cash dividend paid
= $159,000 - $76,000
= $83,099 inflow
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In preparing its cash flow statement for the year ended December
31, 2018, Green Co. gathered...
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 $230,000) 363,000 Amortization of bond discount 4,600 Cash dividends declared 98,000 Cash dividends paid 72,000 Proceeds from sales of Green Co. common stock 155,000 In its December 31, 2018, statement of cash flows, what amount should Green report as...
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21) Which of the following would be added to net income when determining cash flows 21)...
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In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennlum Solutions, Inc. collected the following Information: ($ in millions) Payment for the early extinguishments of long-term notes (book value: $50.0 million) $ 54.0 192.0 Sale of common shares 126.0 Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building for cash Purchase of marketable securities (not a cash equivalent)...
32 In preparation for developing its statement of cash flows for the year ended December 31,...
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Knowledge Check 01 Selected information from Green Co.'s accounting records and financial statements is as follows:...
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1.
2.
3.
Alpha Company had the following account balances for 2018: Accounts receivable Accounts payable Dec. 31 $42,000 51,000 Jan. 1 $33,000 56,000 Alpha reported net income of $240,000 for 2018. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2018 reported in the statement of cash flows? Multiple Choice $244,000. $236,000. $254,000. O $226,000 Creble Company reported net income for 2018 in the amount of $49,000. The...
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 $230,000) 363,000 Amortization of bond discount 4,600 Cash dividends declared 98,000 Cash dividends paid 72,000 Proceeds from sales of Green Co. common stock 155,000 In its December 31, 2018, statement of cash flows, what amount should Green report as...
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21) Which of the following would be added to net income when determining cash flows 21) from operating activities under the indirect method? A) A decrease in accounts receivable C) A gain on the sale of land dsb B) A decrease in accounts payable. D) An increase in prepaid expenses. 22) Which of the following would NOT be a component of cash flows from investing 22) activities? A) Purchase of equipment B) Purchase of investment securities. C) Sale of land...
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32 In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. collected the following information: ($ in millions) 15 points $108.7 352.7 244.7 (8 02:28:06 Payment for the early extinguishment of long-term notes (book value: $ 100 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of building for cash Purchase of marketable...
1.
2.
3.
Alpha Company had the following account balances for 2018: Accounts receivable Accounts payable Dec. 31 $42,000 51,000 Jan. 1 $33,000 56,000 Alpha reported net income of $240,000 for 2018. Assuming no other changes in current account balances, what is the amount of net cash provided by operating activities for 2018 reported in the statement of cash flows? Multiple Choice $244,000. $236,000. $254,000. O $226,000 Creble Company reported net income for 2018 in the amount of $49,000. The...
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