Homework Help Question & Answers

In order to prepare the statement of cash flows for Rag Dolls Corporation for 2010, the accountan...

In order to prepare the statement of cash flows for Rag Dolls Corporation for 2010, the accountant has compiled the following data regarding cash flows:

                  Cash paid to acquire marketable securities.......................................... $  370,000

                  Proceeds from sale of marketable securities............................................. 17,500

                  Proceeds from issuance of capital stock................................................... 280,000

                  Proceeds from issuance of bonds payable.................................................. 55,000

                  Payments to settle short-term debt............................................................ 32,500

                  Interest and dividends received................................................................... 10,000

                  Cash received from customers.............................................................................. ?     

                  Dividends paid............................................................................................ 130,000

                  Cash paid to suppliers and employees.................................................... 1,030,000

                  Interest paid................................................................................................. 25,000

                  Income taxes paid........................................................................................ 70,000

                  Cash and cash equivalents, January 1, 2010................................................ 43,000

                  Cash and cash equivalents, December 31, 2010.......................................... 58,000

                  Using the above information, indicate the best answer for each question in the space provided.

                 3       Rag Dolls’ cash flow from operating activitiesduring 2010 is:

                          a       $45,000 net cash provided by operating activities.

                          b       $1,155,000 net cash used by operating activities.

                          c       $240,000 net cash provided by operating activities.

                          d       $195,000 net cash provided by operating activities.

                 4       In the 2010 statement of cash flows for Rag Dolls Corporation, the amount of cashreceived from customersis:

                          a       $1,310,000.

                          b       $1,103,000.

                          c       $1,233,000.

                          d       $1,293,000.

I need step by step solution to these two questions.

0 0
Next > < Previous
ReportAnswer #1


cash flow from operating activities Cash and cash equivalents, 31 December 2010 Cash and cash equivalents, 1 January, 2010 ca

Know the answer?
Add Answer of:
In order to prepare the statement of cash flows for Rag Dolls Corporation for 2010, the accountan...
Your Answer: Your Name: What's your source?
Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from...

    Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from the sale of marketable securities Proceeds from the issuance of capital stock Proceeds from the issuance of bonds payable Payments to settle short-term debt Interest and dividends received Cash received from customers Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $370,000 17,500 280,000 55,000 32,500 10,000 1,310,000 130,000 1,030,000 25,000 70,000 EAGLES' cash flow from operating activities during 2017...

  • Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from...

    Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from the sale of marketable securities Proceeds from the issuance of capital stock Proceeds from the issuance of bonds payable Payments to settle short-term debt Interest and dividends received Cash received from customers Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $370,000 17,500 280,000 55,000 32,500 10,000 1,310,000 130,000 1,030,000 25,000 70,000 EAGLES' cash flow from financing activities during 2014...

  • Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from...

    Use the following table to answer the question: Cash paid to acquire marketable securities Proceeds from the sale of marketable securities Proceeds from the issuance of capital stock Proceeds from the issuance of bonds payable Payments to settle short-term debt Interest and dividends received Cash received from customers Dividends paid Cash paid to suppliers and employees Interest paid Income taxes paid $370,000 17,500 280,000 55,000 32,500 10,000 1,310,000 130,000 1,030,000 25,000 70,000 EAGLES' cash flow from investing activities during 2014...

  • in order to prepare the statement of cash flows for royal corporation for 2018 direct method...

    in order to prepare the statement of cash flows for royal corporation for 2018 direct method 111, Cash Flow Statement-direct method (25%) In order to prepare the statement of cash flows for Royal Corporation for 2018, the accountant has compiled the following data regarding cash flows: $48,000 $75,000 $19,500 $18,000 43,500 $27,000 $31,500 $36,000 $681,000 $531,000 $118,500 $201,000 $58,500 73,500 hases of marketable securities roceeds from sales of marketable securities nterest and dividends received nterest paid axes paid vidends paid...

  • prepare a horizontal analysis of Cash Flows for 2010 and 2011 Horizontal Analysis of Cash Flows...

    prepare a horizontal analysis of Cash Flows for 2010 and 2011 Horizontal Analysis of Cash Flows Note 2011 2010 Cash flows from operating activities £m £m % change Cash generated from operations 32 137.5 200.4 (31.4) Finance income 0.1 0.1 0 Finance costs (11.1) (11.2) Tax received/(paid) 1.3 (16.3) Net cash generated from operating activities 127.8 173.0 Cash flows from investing activities Purchase of property, plant and equipment (105.3) (72.6) Purchase of intangible assets (30.7) (52.2) Proceeds from the sale...

  • Below is a firm's cash flow statement. What are its operating cash flows, financing cash flows...

    Below is a firm's cash flow statement. What are its operating cash flows, financing cash flows and operating + investing cash flows? Net loss $ (2,221) Depreciation and amortization 375 Impairment charges 427 Merchandise inventories 1,213 Merchandise payables (526) Other operating assets (649) Net cash used in operating activities (1,381) Proceeds from sales of property and investments 386 Purchases of property and equipment (142) Net cash provided by investing activities 244 Proceeds from debt issuances 1,962 Increase (decrease) in short-term...

  • Format of a cash flow statement-direct method following information to complete the statement of cash flows...

    Format of a cash flow statement-direct method following information to complete the statement of cash flows for Olympia, Inc. Place parentheses around those dollar amounts representing cash outlays. Purchases of marketable securities Proceeds from sales of marketable securities Interest and dividends received Interest paid Taxes paid Dividends paid Proceeds from short-term borrowing Payments to settle short-term debts (principal repaid) Cash received from customers Cash paid to suppliers and employees Proceeds from issuing capital stock Purchases of plant assets Proceeds from...

  • CLASSIFICATION OF CASH FLOWS The accountant for Delta Ltd prepared the following statement of cash flows....

    CLASSIFICATION OF CASH FLOWS The accountant for Delta Ltd prepared the following statement of cash flows. The managers were worried that investors would be displeased by the negative operating cash flow and that the company’s share price might fall as a result. One manager suggested that the interest paid and interest received might be classified as financing cash flows and investing cash flows respectively, so that the company’s cash flow would look better. Required 1. Calculate the net cash flows...

  • Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare...

    Statement of Cash Flows (Indirect Method) Use the following information regarding the Fremont Corporation to prepare a statement of cash flows using the indirect method: Accounts payable increase $14,000 Accounts receivable increase 7,000 Accrued liabilities decrease 5,000 Amortization expense 31,000 Cash balance, January 1 21,000 Cash balance, December 31 141,000 Cash paid as dividends 41,000 Cash paid to purchase land 81,000 Cash paid to retire bonds payable at par 70,000 Cash received from issuance of common stock 75,000 Cash received...

  • Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare...

    Statement of Cash Flows (Indirect Method) Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $7,000 Accounts receivable increase 9,800 Wages payable decrease 4,200 Amortization expense 22.400 Cash balance, January 1 42,000 Cash balance, December 31 9,800 Cash paid as dividends 8,400 Cash paid to purchase land 140,000 Cash paid to retire bonds payable at par 105,000 Cash received from issuance of common stock 63,000 Cash received...

Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
Share Your Knowledge

Post an Article
Post an Answer
Post a Question with Answer

Self-promotion: Authors have the chance of a link back to their own personal blogs or social media profile pages.