The Letendre Company has the following transaction during the year: • Purchased a new warehouse for...
The Letendre Company has the following transaction during the year:
• Purchased a new warehouse for cash $110,000
• Common stock was issued for cash of $50,000
• An old warehouse originally costing $80,000 was sold for cash of $45,000, resulting in a gain of $5,000
• Long-term debt was paid off with cash of $25,000
• A cash dividend of $20,000 was paid
• Depreciation expense for the year was $30,000
• Net income was $75,000
• Net positive change in current assets and current liabilities was $6,000. This is an increase to cash.
a. Compute the net cash flow provided by or (used in) operating activities
b. Compute the net cash flow provided by or (used in) investing activities
c. Compute the net cash flow provided by or (used in) financing activities
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The Letendre Company has the following transaction during the
year:
• Purchased a new warehouse for...
Check my work Exercise 14-3 Calculating Free Cash Flow (LO14-3] Apex Company prepared the statement of...
Check my work Exercise 14-3 Calculating Free Cash Flow (LO14-3] Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,000 $ 22,000 (60,000) (25,000) 9,000 55,000 (12,000) 5,000 (6,000) 34,000 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income...
3 Apex Company prepared the statement or casn Tiows for the current year that is snown...
3 Apex Company prepared the statement or casn Tiows for the current year that is snown below: 2 points eBook Hint Print Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $ 40,000 Adjustments to convert net income to cash basis: Depreciation $ 22,000 Increase in accounts receivable (60.000) Increase in inventory (25,000) Decrease in prepaid expenses 9,000 Increase in accounts payable 55,000 Decrease in accrued liabilities (12,000) Increase in income taxes payable 5,000 16,000) Net cash provided...
NORTH COMPANY Income Statement For the Year Ended December 31, 2019 $770,000 Sales Revenue Cost of...
NORTH COMPANY Income Statement For the Year Ended December 31, 2019 $770,000 Sales Revenue Cost of Goods Sold $550,000 Wages Expense Advertising Expense 195,000 31,000 Depreciation Expense 24,000 Interest Expense 20,000 Gain on Sale of Land (25,000) 795,000 Net Loss $(25,000) NORTH COMPANY Balance Sheets Dec. 31, 2019 Dec. 31, 2018 Assets $32,000 $80,000 Cash 49,000 42,000 Accounts Receivablé 107,000 115,000 Inventory Prepaid Advertising 10,000 14,000 Plant Assets 360,000 210,000 Accumulated Depreciation (80,000) (56,000) Total Assets $519,000 $364,000 Liabilities and...
Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment...
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. A Company Cash Flow Statement Cash Flow from Investing Activities ...
Apex Company prepared the statement of cash flows for the current year that is shown below:...
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Hilltop Company borrowed $50,000, paid dividends of $12,000, issued 2,000 shares for $30 per share, purchased...
Hilltop Company borrowed $50,000, paid dividends of $12,000, issued 2,000 shares for $30 per share, purchased land for $24,000, and received dividends of $6,000. Net income was $80,000 and depreciation for the year totalled $5,000. How much should be reported as net cash provided by financing activities? 05 (10 Points) a $85,000 b. $98,000 c. $110,000 d. $104,000
Old South Company purchased investments for $55,000 and plant assets for $147.000 during the current year,...
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All-Star Automotive Company experienced the following accounting events during Year 2: 1. Performed services for $25,000...
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A private not-for-profit organization has the following cash inflow and outflows for the fiscal year. Receipts:...
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Use the following to answer questions 12-15 Transaction Cash involved? (Yes or No) Type of CASH...
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Check my work Exercise 14-3 Calculating Free Cash Flow (LO14-3] Apex Company prepared the statement of cash flows for the current year that is shown below: $ 40,000 $ 22,000 (60,000) (25,000) 9,000 55,000 (12,000) 5,000 (6,000) 34,000 Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income Adjustments to convert net income to cash basis: Depreciation Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income...
3 Apex Company prepared the statement or casn Tiows for the current year that is snown below: 2 points eBook Hint Print Apex Company Statement of Cash Flows-Indirect Method Operating activities: Net income $ 40,000 Adjustments to convert net income to cash basis: Depreciation $ 22,000 Increase in accounts receivable (60.000) Increase in inventory (25,000) Decrease in prepaid expenses 9,000 Increase in accounts payable 55,000 Decrease in accrued liabilities (12,000) Increase in income taxes payable 5,000 16,000) Net cash provided...
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Use the following to answer questions 12-15 Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter ,,F,N) 12. Paid dividends to stockholders 13. 14. Paid interest on the loan Provided services to customers on account Paid for equipment purchased for the company 15. Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of...
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