Listed below are some of the transactions of Carpenter Corporation during the current year: On January...

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Listed below are some of the transactions of Carpenter Corporation during the current year: On January...

Listed below are some of the transactions of Carpenter Corporation during the current year:

On January 1, equipment costing $18,939 with accumulated depreciation of $8,090 was sold for $8,973.
On March 1, investments costing $27,192 were sold for $36,383. $29,800 of the cash received was used to purchase other investments.
On June 1, bonds were issued totaling $69,348.
On September 1, 948 shares of common stock were issued at par value of $20 per share.
On December 31, dividends totaling $9,346 were declared and paid.

What is the effect of these transactions on the net cash provided (used) by operating activities?

business accounting

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Answer 1

Answer #1

Transaction date	Net Effect	Effect on Operating Activities cash flow
1-Jan	(8090+8973) - 18939 = loss 1876	Inflow $1876
1-Mar	36383 - 27192 = profit 9191	Outflow $9191
1-Jun	Financing cash inflow 69348	No effect
1-Sep	Financing cash inflow 18960	No effect
31-Dec	Financing cash outflow 9346	No effect
NET EFFECT ON OPERATING ACITIVITIES		Outflow $7315

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Answer 2

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