8. Investing cash flow of 20,000
These cash flows arising from purchase or sale of Assets or dividend received etc included.
Cash outflow are purchases and cash inflow are sales and any other income on investment, dividend received etc.
Here 5000 cash outflow ( negative cash flow ) and 20,000 cash inflow ( Positive Cash flow), Generally investing cash flow is 20,000 ( sale of old Assets )
9. Cash flow from operating activities = customer - interest on Debt - income tax - purchase of inventory - operating expenses
Cash flow from operating activities = 2500 -500 - 120 - 1500 -625= (245)
10. Cash flow from investing activities = interest on investment + sale of old equipment - purchase of building
Cash flow from investing activities = 300 +250 - 5000=( 4450)
11. Cash flow from financing activities = sale of company capital stock + long term debt proceeds - principle payment in Debt - dividend in capital stock =700 +1500 -900 -300= 1000
she real the company had paid stransaction would that he market was ander US GAAP the...
Which of the following is not a subtotal on the multi-step income statement? O A. gross profit OB. income from continuing operations before tax OC. operating income OD. interest expense Hitchcock Enterprises sold a vacant plot of land for $20,000. The company had paid $4,000 for the land ten years ago. On the statement of cash flows, this transaction would be reported as a O A. financing cash inflow of $20,000 B. investing cash inflow of $16,000 O C. investing...
13. Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in: (a) Cash flows from investing activities section. (b) Cash flows from financing activities section. (c) Schedule of noncash investing and financing activities. (d) Cash flows from operating activities section. 14. Preferred stock issued in exchange for land would be reported in the statement of cash flows in: (a) Cash flows from investing activities section. (b) Cash flows from financing activities...
Complete the SOE and worksheet using the information below. Change Excess of Market over Book Values (Market - Book) Item: 12/31/2018 Machinery and Equipment -$10,000 Land $0 Buildings $0 Marketable Securities $13,000 Other Investments (local brewery) $20,000 12/31/2019 $5,000 $5,000 $10,000 $5,000 $22,000 Selected Account Balances: Current Deferred Taxes Non-current Deferred Taxes Non-real estate long-term loan balance Total Equity $2,492 $3,000 $165,000 $232,009 $1,359 $12,601 $220,000 $323,041 $91,032 Other Information: 2019 Net Income for Illini Tap was: $151,633 No capital...
Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows? Select one: a. acquiring of treasury stock b. issuing long-term debt c. declaring stock dividends d. retiring of bond payable A five-year bond was issued at par for $640,000 cash. This transaction should be shown on a statement of cash flows under Select one: a. noncash activities b. operating activities c. financing activities d. investing activities Which of the following...
Statement of Cash Flows Month Ended December 31, 2015 Cash flows from Operating activities Receipts: Collections from customers 5100 Payments. For rent -1500 For salanes -1500 For utilities -300 -330D Net cash provided (used) by operating activities 1800 Cash flows from investing activities Acquisition of Land -20000 Net cash provided (used) by investing activities Cash flows from financing activities Owner contribution 81000 Owner withdrawal Net cash provided (used) by financing activities Net increase (decrease in cash Cash balance, December 1,...
Waddell Company had the following balances in its accounting records as of December 31, Year 1: Assets Cash Accounts receivable Liabilities and Stk. Equity Accounts payable Common stock Retained earnings Total $35,000 9,000 51,000 $95,000 Land $ 7,500 40,000 47,500 $95,000 Total The following accounting events apply to Waddell Company's Year 2 fiscal year: Jan. 1 Acquired $20,000 cash from the issue of common stock. Mar. 1 Paid a $2,000 cash dividend to the stockholders. April 1 Purchased additional land...
Dakota Company experienced the following events during 2018: 1. Acquired $25,000 cash from the issue of common stock. 2. Paid $20,000 cash to purchase land. 3. Borrowed $20,000 cash. 4. Provided services for $60,000 cash. 5. Paid $2,000 cash for utilities expense. 6. Paid $40,000 cash for other operating expenses. 7. Paid a $5,000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $25,000. Remuired innts in b-4. b-3....
Click to watch the Tell Me More Learning Objective 2 video and then answer the questions below. 1. While calculating cash flows from operating activities using the indirect method, which of the following is added to the net income? a. Increase in accounts payable b. Decrease in sundry creditors c. Decrease in common stock d. Increase in inventories 2. Silver Trading Corp. recorded a net income of $200,000 for the year 20X1. For the same period, the company purchased land...
16) 16) Doug Smith Industrie 18 Smith Industries purchased a warehouse for $55 million at January 1, 2013 Warehouse has an estimated useful life of 10 years. Doug Smith Industries mitially used the sum-of-the-years-digits depreciation method, and recorded umulated depreciation through December 31, 2017 (3 years) equal to $27 million of January 1, 2018, management decided to change depreciation methods to the traight-line method of depreciation Doug Smith should record depreciation expense for the 2018 year equal to: A) S4...
16) 16) Doug Smith Industrie 18 Smith Industries purchased a warehouse for $55 million at January 1, 2013 Warehouse has an estimated useful life of 10 years. Doug Smith Industries mitially used the sum-of-the-years-digits depreciation method, and recorded umulated depreciation through December 31, 2017 (3 years) equal to $27 million of January 1, 2018, management decided to change depreciation methods to the traight-line method of depreciation Doug Smith should record depreciation expense for the 2018 year equal to: A) S4...