Homework Answers
| Particulars | Amount |
| Sold Land used in business |
$ 36500 |
| Collected interest on investment asset | $ 4000 |
| Acquired new plant asset | $ (18000) |
| Net cash flows from Investing Activity | $ 22500 |
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*EA10.10 16.3 Use the following excerpts from Fruitcake Company's financial records to determine net cash flows...
TEA9. LO 16.3 Use the following excerpts from Eagle Company's financial records to determine net cash...
TEA9. LO 16.3 Use the following excerpts from Eagle Company's financial records to determine net cash flows from financing activities. Acquired new plant assets Borrowed from bank, note payable Declared and paid dividends to shareholders $18,000 40,000 15,000
EA6. LO 16.3 Use the following information from Birch Company's balance sheets to determine net cash...
EA6. LO 16.3 Use the following information from Birch Company's balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $122,000. Accounts Receivable Prepaid Insurance Accounts Payable Accrued Liabilities Dec. 31, 2018 $12,800 4,000 9,000 2,500 Dec. 31, 2017 $15,000 3,500 8,200 2,800
prepare a horizontal analysis of Cash Flows for 2010 and 2011 Horizontal Analysis of Cash Flows...
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Statement of Cash Flows (Indirect Method) North Company's income statement and comparative balance sheets as of...
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4. In cash flows from investing activities, how much cash was spent (net) on the cusiness...
4. In cash flows from investing activities, how much cash was
spent (net) on the cusiness acquisition? Do you recall what
business was acquired?
6 Months Ended Consolidated Statements of Cash Flows-USD (S) $ in Thousands Jun. 30, 2018 Jun. 30, 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash provided by operating actvities: Depreciation and amortization Depreciation and amortization-marketing and reservation system Franchise agreement acquisition cost amortization Loss (gain) on disposal of...
9:38 FinancialAccounting_ISM_Ch16.... PA4. LO 16.3 Use the following information from Coconut Company's financial statements to prepare...
9:38 FinancialAccounting_ISM_Ch16.... PA4. LO 16.3 Use the following information from Coconut Company's financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Dec 31, 2018 Dec 31, 2017 Cash 5201,000 $175.000 Accounts Receivable 22.000 21.500 Inventory 33.750 30.500 Prepaid Rene 6.000 2.000 Accounts Payable 19.500 28.750 Additional information: Net income 55.000 Depreciation expense 11.500 Solution Operating Activities Net Income Depreciation Expense Accounts Receivable Inventory Prepaid Rent Accounts Payable Net cash...
Here are excerpts from the consolidated financial statements of Pier Resorts for 2021: Consolidated net income..........
Here are excerpts from the consolidated financial statements of Pier Resorts for 2021: Consolidated net income....... $ 22,000 III...HIIIIIIIIIIIIIII Net income attributable to the controlling interest.. 11,600 19,000 100 175 100 Depreciation and amortization expense............ Gain on sale of plant assets........... Equity method investment income.... Cash dividends received from equity method investments.... Decrease in current operating assets. Decrease in current operating liabilities.......... 80 .......... 500 200 Required Use the above data to prepare the operating cash flow section of Pier's...
Investing and Financing Cash Flows The following information was obtained from Melville Company's comparative balance sheet....
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How do I calculate the Cash Flows from Investing activities? METRO MEATS LTD Statement of Financial...
How do I calculate the Cash Flows from Investing activities?
METRO MEATS LTD Statement of Financial Position as at 31 December Assets 2015 Cash $ 29,000 $ Accounts receivable 28,000 nventories 25,000 Property, plant & equipment 60,000 Accumulated depreciation (20,000) Total $ 122,000 $ Liabilities and equity Accounts payable $ 26,000 $ Dividends payable 3,000 ncome tax payable 5,000 Debentures payable 27,000 Share capital 18,000 Retained earnings 43,000 Total $ 122,000 $ 2014 15,000 14,000 35,000 78,000 (24,000) 118,000 METRO...
21) Which of the following would be added to net income when determining cash flows 21)...
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...
TEA9. LO 16.3 Use the following excerpts from Eagle Company's financial records to determine net cash flows from financing activities. Acquired new plant assets Borrowed from bank, note payable Declared and paid dividends to shareholders $18,000 40,000 15,000
EA6. LO 16.3 Use the following information from Birch Company's balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $122,000. Accounts Receivable Prepaid Insurance Accounts Payable Accrued Liabilities Dec. 31, 2018 $12,800 4,000 9,000 2,500 Dec. 31, 2017 $15,000 3,500 8,200 2,800
Statement of Cash Flows (Indirect Method) North Company's income statement and comparative balance sheets as of December 31 of 2019 and 2018 follow: NORTH COMPANY Income Statement For the Year Ended December 31, 2019 Sales Revenue $770.000 Cost of Goods Sold $550,000 Wages Expense 195,0DD Advertising Expense 31,000 Depreciation Expense 24,000 Interest Expense 20,000 Gain on Sale of Land (25,000) 795,000 Net Loss 125,000) NORTH COMPANY Balance Sheets Dec. 31, 2019 Dec 31, 2018 Assets Cash $80,000 $32,000 Accounts Receivable...
4. In cash flows from investing activities, how much cash was
spent (net) on the cusiness acquisition? Do you recall what
business was acquired?
6 Months Ended Consolidated Statements of Cash Flows-USD (S) $ in Thousands Jun. 30, 2018 Jun. 30, 2017 CASH FLOWS FROM OPERATING ACTIVITIES: Net income Adjustments to reconcile net income to net cash provided by operating actvities: Depreciation and amortization Depreciation and amortization-marketing and reservation system Franchise agreement acquisition cost amortization Loss (gain) on disposal of...
9:38 FinancialAccounting_ISM_Ch16.... PA4. LO 16.3 Use the following information from Coconut Company's financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018. Dec 31, 2018 Dec 31, 2017 Cash 5201,000 $175.000 Accounts Receivable 22.000 21.500 Inventory 33.750 30.500 Prepaid Rene 6.000 2.000 Accounts Payable 19.500 28.750 Additional information: Net income 55.000 Depreciation expense 11.500 Solution Operating Activities Net Income Depreciation Expense Accounts Receivable Inventory Prepaid Rent Accounts Payable Net cash...
Here are excerpts from the consolidated financial statements of Pier Resorts for 2021: Consolidated net income....... $ 22,000 III...HIIIIIIIIIIIIIII Net income attributable to the controlling interest.. 11,600 19,000 100 175 100 Depreciation and amortization expense............ Gain on sale of plant assets........... Equity method investment income.... Cash dividends received from equity method investments.... Decrease in current operating assets. Decrease in current operating liabilities.......... 80 .......... 500 200 Required Use the above data to prepare the operating cash flow section of Pier's...
How do I calculate the Cash Flows from Investing activities?
METRO MEATS LTD Statement of Financial Position as at 31 December Assets 2015 Cash $ 29,000 $ Accounts receivable 28,000 nventories 25,000 Property, plant & equipment 60,000 Accumulated depreciation (20,000) Total $ 122,000 $ Liabilities and equity Accounts payable $ 26,000 $ Dividends payable 3,000 ncome tax payable 5,000 Debentures payable 27,000 Share capital 18,000 Retained earnings 43,000 Total $ 122,000 $ 2014 15,000 14,000 35,000 78,000 (24,000) 118,000 METRO...
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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