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During Year 2, Chico Company earned $3,650 of cash revenue, paid $1.500 of cash expenses, and...
During Year 2, Chico Company earned $1,550 of cash revenue, paid $800 of cash expenses, and...
During Year 2, Chico Company earned $1,550 of cash revenue, paid $800 of cash expenses, and paid a $300 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Net Income amounted to $750 Total assets increased by $450 Cash inflow from operating activities was $750 Cash outflow from financing activities was $450
During Year 2, Chico Company earned $3,200 of cash revenue, paid 51,350 of cash expenses, and...
During Year 2, Chico Company earned $3,200 of cash revenue, paid 51,350 of cash expenses, and paid a $850 cash dividend to its owners Based on this information alone, which of the following statements is not true? Multiple Choice O Total assets increased by S1000 Cashow to coating activities was $1.000 o oo C) Net income amounted to su : Cashow from operating acties was 1850
During Year 2, Chico Company earned $3,050 of cash revenue, pald $1,300 of cash expenses, and...
During Year 2, Chico Company earned $3,050 of cash revenue, pald $1,300 of cash expenses, and paid a $800 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Net Income amounted to $1,750 Total assets increased by $950 Cash Inflow from operating activities was $1,750 Cash outflow from financing activities was $950
13. Chow Company earned $4500 of cash revenue, paid $2500 for cash expenses, and paid a...
13. Chow Company earned $4500 of cash revenue, paid $2500 for cash expenses, and paid a $950 cash dividend to its owners. Which of the following statements is true? A) The net cash inflow from operating activities was $1050. B) The net cash outflow for investing activities was $950. C) The net cash inflow from operating activities was $2000. D) The net cash outflow for investing activities was $2000.
2.Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in...
2.Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $46,000 2) borrowed $28,000 from its bank 3) provided consulting services for $44,000 cash 4) paid back $18,000 of the bank loan 5) paid rent expense for $10,500 6) purchased equipment for $15,000 cash 7) paid $3,300 dividends to stockholders 8) paid employees' salaries of $24,000 What is Yowell's net cash flow from operating activities? Multiple...
Santa Fe Company was started on January 1, Year 1, when it acquired $8,500 cash by...
Santa Fe Company was started on January 1, Year 1, when it acquired $8,500 cash by issuing common stock. During Year 1, the company earned cash revenues of $4,250, paid cash expenses of $3,000, and pald a cash dividend of $550. Which of the following is true based on this information? Multiple Choice The Year 1 income statement would show net income of $700. The Yeart statement of cash flows would show net cash inflow from operating activities of $1250...
Astoria Company had the following transactions during the month of August Year 1: (1) Cash received...
Astoria Company had the following transactions during the month of August Year 1: (1) Cash received from bank loans was $26,000. (2) Dividends of $10,100 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $39,500 (4) Expenses incurred and paid were $29,000. At the beginning of August, Year 1, owners' equity in Astoria was $166,000. Given the transactions of August, what will be the owners' equity be at the end of the month? Multiple...
Explanations help Alexa Company was started in Year 1. At the end of Year 1 the...
Explanations help
Alexa Company was started in Year 1. At the end of Year 1 the Company's had the following accounting equation. Assets Liabilities + Stockholders' Equity Cash + Land Notes Payable + Common Stock + Retained Earnings 700 + 2,100 = 1,000 + 1,200 + 600 During Year 2, the company experienced the following accounting events. • Paid off $520 of its note payable. • Earned $2,110 of cash revenue. • Paid $1,595 of cash expenses. • Paid a...
9 and 10 9. Beatrice Company received $4,000 in cash revenues, paid cash expenses of $3,450,...
9 and 10
9. Beatrice Company received $4,000 in cash revenues, paid cash expenses of $3,450, and paid a cash dividend of $300 to its stockholders. It engaged in no other transactions during the period. Which of the following statements is true regarding the classification of these activities in Beatrice's Statement of Cash Flows? A. $4,000 received in cash revenues is a financing activity. B. $3,450 paid in cash expenses is an operating activity. C. $300 in cash paid for...
Holloway Company earned $18,000 of service revenue on account during Year 1. The company collected $14.000...
Holloway Company earned $18,000 of service revenue on account during Year 1. The company collected $14.000 cash from accounts receivable during Year 1 Required Based on this information alone, determine the following for Holloway Company. o. The balance of the accounts receivable that would be reported on the December 31, Year 1. balance sheet b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities...
During Year 2, Chico Company earned $1,550 of cash revenue, paid $800 of cash expenses, and paid a $300 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Net Income amounted to $750 Total assets increased by $450 Cash inflow from operating activities was $750 Cash outflow from financing activities was $450
During Year 2, Chico Company earned $3,200 of cash revenue, paid 51,350 of cash expenses, and paid a $850 cash dividend to its owners Based on this information alone, which of the following statements is not true? Multiple Choice O Total assets increased by S1000 Cashow to coating activities was $1.000 o oo C) Net income amounted to su : Cashow from operating acties was 1850
During Year 2, Chico Company earned $3,050 of cash revenue, pald $1,300 of cash expenses, and paid a $800 cash dividend to its owners. Based on this information alone, which of the following statements is not true? Multiple Choice Net Income amounted to $1,750 Total assets increased by $950 Cash Inflow from operating activities was $1,750 Cash outflow from financing activities was $950
13. Chow Company earned $4500 of cash revenue, paid $2500 for cash expenses, and paid a $950 cash dividend to its owners. Which of the following statements is true? A) The net cash inflow from operating activities was $1050. B) The net cash outflow for investing activities was $950. C) The net cash inflow from operating activities was $2000. D) The net cash outflow for investing activities was $2000.
Santa Fe Company was started on January 1, Year 1, when it acquired $8,500 cash by issuing common stock. During Year 1, the company earned cash revenues of $4,250, paid cash expenses of $3,000, and pald a cash dividend of $550. Which of the following is true based on this information? Multiple Choice The Year 1 income statement would show net income of $700. The Yeart statement of cash flows would show net cash inflow from operating activities of $1250...
Astoria Company had the following transactions during the month of August Year 1: (1) Cash received from bank loans was $26,000. (2) Dividends of $10,100 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $39,500 (4) Expenses incurred and paid were $29,000. At the beginning of August, Year 1, owners' equity in Astoria was $166,000. Given the transactions of August, what will be the owners' equity be at the end of the month? Multiple...
Explanations help
Alexa Company was started in Year 1. At the end of Year 1 the Company's had the following accounting equation. Assets Liabilities + Stockholders' Equity Cash + Land Notes Payable + Common Stock + Retained Earnings 700 + 2,100 = 1,000 + 1,200 + 600 During Year 2, the company experienced the following accounting events. • Paid off $520 of its note payable. • Earned $2,110 of cash revenue. • Paid $1,595 of cash expenses. • Paid a...
9 and 10
9. Beatrice Company received $4,000 in cash revenues, paid cash expenses of $3,450, and paid a cash dividend of $300 to its stockholders. It engaged in no other transactions during the period. Which of the following statements is true regarding the classification of these activities in Beatrice's Statement of Cash Flows? A. $4,000 received in cash revenues is a financing activity. B. $3,450 paid in cash expenses is an operating activity. C. $300 in cash paid for...
Holloway Company earned $18,000 of service revenue on account during Year 1. The company collected $14.000 cash from accounts receivable during Year 1 Required Based on this information alone, determine the following for Holloway Company. o. The balance of the accounts receivable that would be reported on the December 31, Year 1. balance sheet b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities...
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