Winnemac Inc. reported the following transactions in the current year. Purchased an investment in debt securities...
Winnemac Inc. reported the following transactions in the current year.
| Purchased an investment in debt securities (long-term) for cash | $50,000 |
| Sold equipment for cash, previously used in operations | 125,000 |
| Paid cash for dividends | 45,000 |
| Issued common stock for cash | 128,000 |
| Retired a 10-year bond payable through the issuance of common stock | 125,000 |
| Sold investment in equity securities accounted for at fair value | 23,000 |
| Borrowed cash by signing a six-month note payable | 35,000 |
| Paid interest on note payable | 1,000 |
What is the net amount of cash flows that the company would report
in the investing activities section of the statement of cash
flows?
Select one:
a. Net cash inflow of $98,000
b. Net cash inflow of $148,000
c. Net cash inflow of $133,000
d. Net cash outflow of $53,000
Homework Answers
| Cash flow from investing activities | |
| Purchased an investment in debt securities (long-term) for cash | $ -50,000 |
| Sold equipment for cash, previously used in operations | $ 1,25,000 |
| Sold investment in equity securities accounted for at fair value | $ 23,000 |
| Net Cash Inflow | $ 98,000 |
| Correct Option : a. Net cash inflow of $98,000 | |
| Please upvote. | |
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Winnemac Inc. reported the following transactions in the current
year.
Purchased an investment in debt securities...
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the...
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash...
Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31,...
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash by signing a nine-month note payable 15,000 Extended...
Gomez Corp. reported the following items for the year ended December 31, 2020. Preparing the Cash...
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Dec 31, 2020 $ 30,000 25,000 10,000 100,000 80,000 11,000 15,000 8,000 Retired a 10-year bond payable by repaying...
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the...
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Retired a 10-year bond payable by repaying the face value at maturity Sold investment in equity securities (held for one-year) Borrowed cash by signing a nine-month note payable Extended a loan to...
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the...
Preparing the Cash Flow
from Investing Activities Section
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Use a negative sign with your answer to indicate a cash
outflow, if applicable.
Calculate net cash from investing activities for the year
ended December 31, 2020.
Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Retired a 10-year bond payable...
Need help with these questions. 38. Which of the following would not be a cash flow...
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38. Which of the following would not be a cash flow from financing activities? A) Issuance of common stock. B) Borrowing on a long-term note payable. C) Collection of a cash dividend. D) Repayment of principal on a long-term note payable. E) None of the above is correct. 39. Boston Beer reported they sold equipment for $222 million and purchased $1,515 million of new equipment. The equipment sold had a net book value of $150...
. Flow Company has provided the following information for the year ended December 31, 2019: Cash...
. Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $24,000 Cash paid for dividends, $6,800 Cash dividends received, $4,800 Cash proceeds from bank loan $37,000 Cash purchase of treasury stock, $15,000 Cash paid for equipment purchase, $31.000 Cash received from issuance of common stock, $41,000 Cash received from sale of land with a $36,000 book value, $28,200 Acquisition of land costing $55,000 in exchange for preferred stock issuance. Payment of...
Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 230,000 Cost...
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1. Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new...
1. Below is activity for A Company during the year.
Sold Equipment for $65,000.
Purchased new Equipment for $140,000
Issued bonds for $100,000.
Paid $20,000 in dividends to common stockholders.
Received $200,000 when the company had a seasoned equity
offering (sold common stock).
Paid back a $300,000 Note Payable.
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Cash Flow Statement ASU Cash Flow from Investing Activities Sale of Equipment V [Select] Purchase of new Equipment...
The following transactions apply to Bobs Scuba Sales for 2018: The business was started when the...
The following transactions apply to Bobs Scuba Sales for
2018:
The business was started when the company received $48,500 from
the issue of common stock.
Purchased equipment inventory of $176,000 on the account.
Sold equipment for $202,500 cash (not including sales tax). A
sales tax of 7 percent is collected when the merchandise is sold.
The merchandise had a cost of $127,500.
Provided a six-month warranty on the equipment sold. Based on
industry estimates, the warranty claims would amount to...
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash...
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 30,000 Sold equipment for cash, previously used in operations 25,000 Paid cash for dividends 10,000 Issued common stock for cash 100,000 Retired a 10-year bond payable by repaying the face value at maturity 80,000 Sold investment in equity securities (held for one-year) 11,000 Borrowed cash by signing a nine-month note payable 15,000 Extended...
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Dec 31, 2020 $ 30,000 25,000 10,000 100,000 80,000 11,000 15,000 8,000 Retired a 10-year bond payable by repaying...
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Retired a 10-year bond payable by repaying the face value at maturity Sold investment in equity securities (held for one-year) Borrowed cash by signing a nine-month note payable Extended a loan to...
Preparing the Cash Flow
from Investing Activities Section
Gomez Corp. reported the following items for the year ended
December 31, 2020.
Use a negative sign with your answer to indicate a cash
outflow, if applicable.
Calculate net cash from investing activities for the year
ended December 31, 2020.
Item Purchased an investment in debt securities (long-term) for cash Sold equipment for cash, previously used in operations Paid cash for dividends Issued common stock for cash Retired a 10-year bond payable...
Need help with these questions.
38. Which of the following would not be a cash flow from financing activities? A) Issuance of common stock. B) Borrowing on a long-term note payable. C) Collection of a cash dividend. D) Repayment of principal on a long-term note payable. E) None of the above is correct. 39. Boston Beer reported they sold equipment for $222 million and purchased $1,515 million of new equipment. The equipment sold had a net book value of $150...
. Flow Company has provided the following information for the year ended December 31, 2019: Cash paid for interest, $24,000 Cash paid for dividends, $6,800 Cash dividends received, $4,800 Cash proceeds from bank loan $37,000 Cash purchase of treasury stock, $15,000 Cash paid for equipment purchase, $31.000 Cash received from issuance of common stock, $41,000 Cash received from sale of land with a $36,000 book value, $28,200 Acquisition of land costing $55,000 in exchange for preferred stock issuance. Payment of...
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1. Below is activity for A Company during the year.
Sold Equipment for $65,000.
Purchased new Equipment for $140,000
Issued bonds for $100,000.
Paid $20,000 in dividends to common stockholders.
Received $200,000 when the company had a seasoned equity
offering (sold common stock).
Paid back a $300,000 Note Payable.
Fill out the Investing and Financing Section of A Company's cash
flow statement.
Cash Flow Statement ASU Cash Flow from Investing Activities Sale of Equipment V [Select] Purchase of new Equipment...
The following transactions apply to Bobs Scuba Sales for
2018:
The business was started when the company received $48,500 from
the issue of common stock.
Purchased equipment inventory of $176,000 on the account.
Sold equipment for $202,500 cash (not including sales tax). A
sales tax of 7 percent is collected when the merchandise is sold.
The merchandise had a cost of $127,500.
Provided a six-month warranty on the equipment sold. Based on
industry estimates, the warranty claims would amount to...
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