5. Sold a long-term investment (cost $8520) for cash of $8520. 6. Recorded cash sales of $1136000. 7. Bought inventory for cash of $454400. 8. Acquired an investment in Zynga stock for cash of $59640. 9. Converted bonds payable to common stock in the amount of $1420000. 10. Repaid a 6-year note payable in the amount of $624800. What is the net cash provided by financing activities? O $1121800. O $326600. O $(298200). O $1718200.

5. Sold a long-term investment (cost $8520) for cash of $8520. 6. Recorded cash sales of $1136000. 7. Bought inventory for cash of $454400. 8. Acquired an investment in Zynga stock for cash of $59640. 9. Converted bonds payable to common stock in the amount of $1420000. 10. Repaid a 6-year note payable in the amount of $624800. What is the net cash provided by financing activities? O $1121800. O $326600. O $(298200). O $1718200.

Name: Please help me with show all calculation Pharoah Company had the follo
Uploaded: 2024-03-05T11:47:04.000Z
Channel: Bartleby
Description: Please help me with show all calculation Pharoah Company had the following transactions during 2022:1. Issued $355000 of par value common stock for cash.2. Recorded and paid wages expense of $170400.3. Acquired land by issuing common stock of par val

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 13P: Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income,...

See similar textbooks

Similar questions

Whispering Winds Corp.had the following transactions during 2022:1. Issued $182500 of par value common stock for cash.2. Recorded and paid wages expense of $87600.3. Acquired land by issuing common stock of par value $73000.4. Declared and paid a cash dividend of $14600.5. Sold a long-term investment (cost $4380) for cash of $4380.6. Recorded cash sales of $584000.7. Bought inventory for cash of $233600.8. Acquired an investment in Zynga stock for cash of $30660.9. Converted bonds payable to common stock in the amount of $730000.10. Repaid a 6-year note payable in the amount of $321200.What is the net cash provided by investing activities?
Windsor, Inc. had the following transactions during 2022:1. Issued $215000 of par value common stock for cash.2. Recorded and paid wages expense of $103200.3. Acquired land by issuing common stock of par value $86000.4. Declared and paid a cash dividend of $17200.5. Sold a long-term investment (cost $5160) for cash of $5160.6. Recorded cash sales of $688000.7. Bought inventory for cash of $275200.8. Acquired an investment in Zynga stock for cash of $36120.9. Converted bonds payable to common stock in the amount of $860000.10. Repaid a 6-year note payable in the amount of $378400.What is the net cash provided by operating activities? $524600. $498800. $412800. $309600.
Marigold Corp.had the following transactions during 2022:1. Issued $257500 of par value common stock for cash.2. Recorded and paid wages expense of $123600.3. Acquired land by issuing common stock of par value $103000.4. Declared and paid a cash dividend of $20600.5. Sold a long-term investment (cost $6180) for cash of $6180.6. Recorded cash sales of $824000.7. Bought inventory for cash of $329600.8. Acquired an investment in Zynga stock for cash of $43260.9. Converted bonds payable to common stock in the amount of $1030000.10. Repaid a 6-year note payable in the amount of $453200.What is the net cash provided by investing activities? $436720 ($140080). $889920. ($37080).
Oriole Companyhad the following transactions during 2022:1. Issued $280000 of par value common stock for cash.2. Recorded and paid wages expense of $134400.3. Acquired land by issuing common stock of par value $112000.4. Declared and paid a cash dividend of $22400.5. Sold a long-term investment (cost $6720) for cash of $6720.6. Recorded cash sales of $896000.7. Bought inventory for cash of $358400.8. Acquired an investment in Zynga stock for cash of $47040.9. Converted bonds payable to common stock in the amount of $1120000.10. Repaid a 6-year note payable in the amount of $492800.What is the net cash provided by investing activities? $474880 ($40320). ($152320). $967680.
Pina Colada Corp. had the following transactions during 2022:1. Issued $302500 of par value common stock for cash.2. Recorded and paid wages expense of $145200.3. Acquired land by issuing common stock of par value $121000.4. Declared and paid a cash dividend of $24200.5. Sold a long-term investment (cost $7260) for cash of $7260.6. Recorded cash sales of $968000.7. Bought inventory for cash of $387200.8. Acquired an investment in Zynga stock for cash of $50820.9. Converted bonds payable to common stock in the amount of $1210000.10. Repaid a 6-year note payable in the amount of $532400.What is the net cash provided by financing activities? $1464100. $(254100). $278300. $955900.
Rahul
Oriole Company purchased treasury stock with a cost of $68200 during 2022. During the year, the company paid dividends of $24800 and issued bonds payable for proceeds of $1086200. Cash flows from financing activities for 2022 total $93000 net cash outflow. $993200 net cash inflow. $1129600 net cash inflow. $1061400 net cash inflow.
In 2020, Pharoah Inc. issued 1,000 shares of $10 par value common stock for land worth $40,600.(a) Prepare Pharoah’s journal entry to record the transaction. (b) Indicate the effect the transaction has on cash. select an effect DecreaseIncreaseNo Effect (c) Indicate how the transaction is reported on the statement of cash flows.
In 2023, Quintin Corp. reported net income of $254,000. Other transactions included: Depreciation expense $50,000 Amortization of a bond premium 9,500 Income from an equity-method investment 36,000 Dividends received from equity-method investment 0 Purchase of treasury shares 125,000 Paid a dividend on preferred stock 60,000 What is the amount of net cash flows from operations? Group of answer choices $249,500 $258,500 $254,000 $158,500
In preparing its cash flow statement for the year ended December 31, 2021, Green Co. gathered the following data: Gain on sale of land $ 12,200 21,300 Proceeds from sale of land Purchase of Black, Inc., bonds (face value $235,000) Amortization of bond discount 365,000 4,500 93,000 78,000 Cash dividends declared Cash dividends paid Proceeds from sales of Green Co. common stock 155,000 In its December 31, 2021, statement of cash flows, what amount should Green report as net cash from financing activities? Multiple Choice $15,000. $77,000. $62,000. $130,000.
Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $43 million, NOPAT of $85 million, and depreciation of $14 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ $ $ $ $ $ 2024 REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 28 $ 75 118 221 $ 333 $ 54 279 50 329 $ 550 $ $ 2023 25 65 100 190 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: 300 Stockholders' equity: 40 Preferred stock (5 million shares) 260 Common stock and paid-in surplus (20 million shares) 50 Retained earnings 310 Total 500 Total…
Kiley Corporation had these transactions during 2022. Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity. (a) Purchased a machine for $30,000, giving a long-term note in exchange. (b) Issued $50,000 par value common stock for cash. C (d) Declared and paid a cash dividend of $13,000 (e) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. (0) Sold a long term investment with a cost of $15.000 for $15,000 cash Collected $16.000 from sale of goods. Paid $18,000 to suppliers.