PPT Inc. had $32,000 and $26,000 in cash on the balance sheet at the end of...
Last year, Blanda Brothers had positive cash flow from operation; however, cash on its balance sheet decreased. Which of the following could explain this? Select one: O a. The company sold some of its assets. b. The company issued new common stock. c. The company eliminated its dividend. d. The company sold a lot of new fixed assets. O e. The company paid off some of its long-term debts. At the end of 2017, Lehnhoff Inc. had $75 million in...
Under Armour had $50,000 in cash on the balance sheet at the end of 2013. At the end of the year of 2014 Under Armour had $200,000 in cash. Cash from long term investing activities was $75,000 and cash flow from financing activities totaled $125,000. What was the firm's cash flow from operating activities? A) $200,000 B) -$50,000 C) $100,000 D) $0
Bramble Inc. had the following balance sheet at December 31, 2016. BRAMBLE INC. BALANCE SHEET DECEMBER 31, 2016 Cash $22,220 Accounts payable $32,220 Accounts receivable 23,420 Notes payable (long-term) 43,220 Investments 34,220 Common stock 102,220 Plant assets (net) Retained earnings 81,000 25,420 42,220 $203,080 Land $203,080 During 2017, the following occurred. gain of $3,686 for the firm. The company classifies its investments as 1. Bramble Inc. sold part of its investment portfolio for $15,286. This transaction resulted in available-for-sale. A...
The following information was drawn from the year-end balance sheets of Finch River, Inc.: Account Title 2017 2016 Bonds payable $ 735,000 $ 975,000 Common stock 201,000 122,000 Treasury stock 27,500 10,500 Retained earnings 87,900 61,500 Additional information regarding transactions occurring during 2017: Finch River, Inc., issued $47,300 of bonds during 2017. The bonds were issued at face value. All bonds retired were retired at face value. Common stock did not have a par value. Finch River, Inc., uses the...
Problem 5-6 Lansbury Inc. had the following balance sheet at December 31, 2016 LANSBURY INC. BALANCE SHEET DECEMBER 31, 2016 $20,000 Accounts payable Cash Accounts receivable Investments Plant assets (net) Land $30,000 41,000 100,000 23,200 $194,200 21,200 Notes payable (long-term) 32,000 Common stock 81,000 Retained earnings 40,000 $194,200 During 2017, the following occurred 1. Lansbury Inc. sold part of its investment portfolio for $15,000. This transaction resulted in a gain of $3,400 for the firm. The company classifies its investments...
Sage Hill Inc had the following balance sheet at December 31, 2016. SAGE HILL INC. BALANCE SHEET DECEMBER 31, 2016 Cash $9.300 Accounts payable Accounts receivable 12.300 Bonds payable Investments 13,500 Common stock Plant assets (net) 36,900 Retained earnings Land 16,500 $88,500 $15,200 9,500 36,300 27.500 $88.500 During 2017, the following occurred. 1. Net income was $26,600. 2. Depreciation expense was $8,400. 3. Sage Hill liquidated its investment portfolio (comprised of available-for-sale investments), realizing a $4,200 loss. 4. Sage Hill...
help completing balance sheet
Jobim Inc., had the following condensed balance sheet at the end of operation Cash Current assets other than cash Investments Plant assets (net) Land ORIMINE BALANCE SHEET DECEMBER 2013 $8,010 Current liabilities 28,660 Long-term notes payable 19,840 Bonds payable 67,170 Capital stock 40,360 Retained earnings $164,040 $15,110 25,620 25,370 75,210 22,730 $164,040 During 2014, the following occurred. 1. A tract of land was purchased for $11,390. 2. Bonds payable in the amount of $20,150 were retired...
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed $760,000 in the common stock account and $6.05 million in the additional paid-in surplus account. The 2009 balance sheet showed $845,000 and $8.45 million in the same two accounts respectively. If the company paid out $600,000 in cash dividends during 2009, What was the cash flow to stockholders for the year? Multiple Choice $-1,885,000 $160,000 $1,885,000 $245,000
Jobim Inc., had the following condensed balance sheet at the end of operations for 2013 CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Cash Current assets other than cash Investments Plant assets (net) JOBIM INC. BALANCE SHEET DECEMBER 31, 2013 $8,360 Current liabilities 29,330 Long-term notes payable 20,190 Bonds payable 67,050 Capital stock 39,870 Retained earnings $164,800 $15,230 25,300 25,370 74,950 23,950 $164,800 Land During 2014, the following occurred. 1. Atract of land was purchased for $11,360. 2. Bonds payable in...
Investing and Financing Cash Flows The following information was obtained from Melville Company's comparative balance sheet. End of Year Beginning of Year Cash $19,000 $9,000 Accounts receivable 50,000 35,000 Inventory 55,000 49,000 Prepaid rent 6,000 8,000 Long-term investments 21,000 32,000 Plant assets 140,000 106,000 Accumulated depreciation (42,000) (32,000) Accounts payable 24,000 22,000 Income tax payable 4,000 6,000 Common stock 127,000 92,000 Retained earnings 106,000 91,000 Capital expenditures 15,200 Assume that Melville Company’s income statement showed depreciation expense of $10,000, a...