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School
University of Texas, Dallas *
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Course
2301
Subject
Finance
Date
Nov 24, 2024
Type
png
Pages
1
Uploaded by Alex2122
Kutcher
Systems
sold
land,
investments,
and
issued
their
own
common
stock
for $11
million,
$16
million,
and
$20
million,
respectively.
Kutcher
also
purchased
treasury
stock,
equipment,
and
a
patent
for
$1
million,
$3
million,
and
$4
million,
respectively.
Required:
1.
What
amount
should
the
company
report
as
net
cash
flows
from investing
activities?
2.
What
amount
should
the
company
report
as
net
cash
flows
from
financing
activities?
Complete
this
question
by
entering
your
answers
in
the
tabs
below.
Required
1
w
Required
2
What
amount
should
the
company
report
as
net
cash
flows
from
investing
activities?
(Negative
value
should
be
indicated
by
a
minus
sign.
Enter
your
answer
in
millions.)
Eet
cash
flow
from
investing
activities
JS
208
|million
J
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Related Questions
Kutcher Systems sold land, investments, and issued their own common stock for $10 million, $16 million, and $21 million, respectively.
Kutcher also purchased treasury stock, equipment, and a patent for $2 million, $3 million, and $4 million, respectively.
Required:
1. What amount should the company report as net cash flows from investing activities?
2. What amount should the company report as net cash flows from financing activities?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
What amount should the company report as net cash flows from investing activities? (Negative value should be indicated by a
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Required 1
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A long-term investment in bonds with a cost of $500,000 was sold for $600,000 cash. (a) What was the gain or loss on the sale? (b) What was the effect of the transaction on cash flows? (c) How would the transaction be reported on the statement of cash flows if cash flows from operating activitiesare reported by the indirect method?
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a. What amount should the company report as net cash flows from Investing activities? (Negatlve value should be Indicated by minus
sign. Enter your answer In mllons.)
Net cash flow from investing activities
million
b. What amount should the company report as net cash flows from financing activities? (Negative value should be Indicated by minus
sign. Enter your answer In millons.)
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Study the Statement of Cash Flows given below and answer the following questions: 1.1 Calculate the amount paid out for company tax. (3 marks) 1.2 Did the company obtain funds from its financing activities? Motivate your answer with the relevant calculations. (3 marks) 1.3 Of what significance are the details of Westham Limited’s investing activities to a potential investor? (4 marks) 1.4 Write a report to the board of directors to provide an interpretation of the Statement of Cash Flows of Westham Limited for the year ended 31 December 2022. Your report must focus on the cash flows from operating activities, increase in inventory, increase in receivables, increase in payables and purchase of plant and equipment. (10 marks) INFORMATION The Statement of Cash Flows of Westham Limited for the year ended 31 December 2022 appears below: WESTHAM LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2022R Cash flows from operating activities (540 000) Operating profit 2 850 000…
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Using your answers in part (b) and comment on Sherban’s liquidity and financial flexibility.
Under IFRS, how else might Sherban account for cash dividends paid in the cash flow statement?
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Which of the following would be included in cash flows from investing activities?
Select one:
a. Cash used to purchases of equipment
b. Cash proceeds from sales
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PreviousSave AnswersNext
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subject :- Accounting
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D. True or false, the financing activities section of the statement of cash flows reflects the cash flows that affect current assets and liabilities?
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Issuance of bond payable
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Group of answer choices
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Which of the following is presented under the investing activities section of a statement of cash flows?
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c. Issuance of additional shares of stock.
d. Cash sales.
Noncash items, such as depreciation expense, must be added to net income to arrive at net cash provided by (used in) operating activities when the indirect method is used.
a. True
b. False
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Related Questions
- Kutcher Systems sold land, investments, and issued their own common stock for $10 million, $16 million, and $21 million, respectively. Kutcher also purchased treasury stock, equipment, and a patent for $2 million, $3 million, and $4 million, respectively. Required: 1. What amount should the company report as net cash flows from investing activities? 2. What amount should the company report as net cash flows from financing activities? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What amount should the company report as net cash flows from investing activities? (Negative value should be indicated by a minus sign. Enter your answer in millions.) Net cash flow from investing activities million Required 1 23 of 34 *** Telp Nextarrow_forwardVikrambhaiarrow_forwardA long-term investment in bonds with a cost of $500,000 was sold for $600,000 cash. (a) What was the gain or loss on the sale? (b) What was the effect of the transaction on cash flows? (c) How would the transaction be reported on the statement of cash flows if cash flows from operating activitiesare reported by the indirect method?arrow_forward
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- Principles of Accounting Volume 1AccountingISBN:9781947172685Author:OpenStaxPublisher:OpenStax CollegeCornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage LearningManagerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College Pub
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