Homework Answers
True.
Cash from Sale of Building is $175,000
Proceeds from sale of
investment is $ 32,000
So the total cash from
Investing Activities is ($175,000+$32,000)
= $207,000
Purchase of new building is not considered here because from that purchase we actually don't have any cash movements. It is purchased through notes payable.
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During 2020, Blaine Company sold a building with a book value of S145,000 for proceeds of...
During 2020, Blaine Company sold a building with a book value of $145,000 for proceeds of...
During 2020, Blaine Company sold a building with a book value of $145,000 for proceeds of $175,000. The company also sold long-term investments for proceeds of $32,000. The company purchased land and a new building for $320,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2020. Net cash inflows from investing activities this period are $207,000 True O False
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Winslow Manor Construction provided the following information during the year: Proceeds from sale of building $65,000 Cash paid to purchase inventories 22,000 Proceeds from issuing long-term debt 17,000 Dividends paid to stockholders 12,000 Purchase of land for cash 56,000 Cash collected from customers 180,000 How much is the net cash provided(/used) by investing activities during the year?
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Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from...
Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from issuing long-term debt Dividends paid to shareholders Proceeds from issuing stock Proceeds from sale of building Purchases of inventories Purchase of treasury stock $ 550,000 300,000 120.000 300,000 360,000 800,000 430,000 How much is 'net cash provided (used) by investing activities' during 2017? $790.000 $360.000 $910.000 S(120.000) tie 17
During 2020, Blaine Company sold a building with a book value of $145,000 for proceeds of $175,000. The company also sold long-term investments for proceeds of $32,000. The company purchased land and a new building for $320,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2020. Net cash inflows from investing activities this period are $207,000 True O False
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a. Equipment with a book value of $79,500 and an b. Paid $115,000 cash for a new truck c. Sold land costing $315,000 for $405,000 cash, yielding a gain of $90,000 d. Long-term investments in stock were sold for $94,900 cash, yielding a gain of $16,250 original cost of $169,000 was sold at a loss of $32,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
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a. Equipment with a book value of $81,000 and an original cost of $169,000 was sold at a loss of $33,000. b. Paid $112,000 cash for a new truck. c. Sold land costing $320,000 for $400,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $95,600 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts to be deducted should be indicated with a minus...
Calvin Company provided the following information during 2017: Purchase of land by issuing bonds Proceeds from issuing long-term debt Dividends paid to shareholders Proceeds from issuing stock Proceeds from sale of building Purchases of inventories Purchase of treasury stock $ 550,000 300,000 120.000 300,000 360,000 800,000 430,000 How much is 'net cash provided (used) by investing activities' during 2017? $790.000 $360.000 $910.000 S(120.000) tie 17
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