a. Issued common stock for $40 cash. b. Paid $70 cash to retire a note payable at its $70 maturity value. c. Paid cash dividend of $15. d. Paid $5 cash to acquire its treasury stock.
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- Use the following information to determine cash flows from financing activities. a. Issued common stock for $40 cash. b. Paid $70 cash to retire a note payable at its $70 maturity value. c. Paid cash dividend of $15. d. Paid $5 cash to acquire its treasury stock.The Divirgil Company Net Income is $100. Given the following items: Purchase of debt securities (trading) $7 Amortization of Premium on Bonds Payable $4 Sale of Treasury Stock at cost $5 Increase in Dividends Payable $2 Increase in Retained Earnings $92 Change in Cash for the year is: Select one: $74 b. $84 $77 d. $78 e. $88 a. C.9. Which of the following shall not be classified as cash equivalent?a. Equity securities bought three months before year endb. Three months treasury billsc. 90 days money market instrumentd. Three year treasury bills bought 60 days before its maturity 10. Which of the following should be presented as part of investing activities of statement of cash flow?a. Issuance of bonds in exchange of equipmentb. Cash payment for securities held for tradingc. Cash receipts from sale of equipmentd. Cash receipts from sale of trading securities 11. Financing activities involves transactions related toa. Current assets used to pay current obligationb. Transactions between shareholders’ and entityc. Short term liabilities used to finance the company’s operationd. Assets used in production of entity’s product 12. Which of the following statements are true?I. Investing activities are presented using direct method in the statement of cash flows.II. Financing activities are presented using direct method…
- During the year, Company A had the transactions listed below. Cash to retire bonds $4,200 Proceeds from bond issuance 8,040 Proceeds from sale of common stock 6,240 Cash to purchase common stock of Company A 2,400 Cash to purchase common stock of Company B 1,080 What amount would the company include in the financing section of the statement of cash flow? Select one: a. $1,024 million b. $950 million c. $3,498 million d. $510 million e. None of these are correctExercise2: Selected transactions of Ahmed Company are listed below. Ordinary shares are sold for cash above par value. C/ INFLOW Bonds payable are issued for cash at a discount. C/ INFLOW 1. 2. 3. Interest receivable on a current note receivable is collected. A/ INFLOW Land is sold for cash at book value. B/ INFLOW Accounts payable are paid in cash. A/ OUTFLOW Equipment is purchased by signing a 3-year, 10% note payable. D Cash dividends on ordinary shares are declared and paid. C/ OUTFLOW 100 shares of XYZ ordinary shares are purchased for cash. B/ OUTFLOW Merchandise is sold to customers for cash. A/ INFLOW 4. 5. 6. 7. 8. 9. 10. Bonds payable are converted into ordinary shares. D Instructions Classify each transaction as either (a) an operating activity, (b) an investing activity, (c) a financing activity, or (d) a non-cash investing and financing activity.Time left 0:54:5. In preparing a statement of cash flows, sale of treasury shares at an amount greater than cost would be classified as a /an O a. investing activity, O b. operating activity. O c. extraordinary activity. O d. financing activity. Next page page (30%) APPLIED
- July 15 Declared a cash dividend payable to common stockholders of $165,000. Aug. 15 Date of record is August 15 for the cash dividend declared on July 15. Aug. 31 Paid the dividend declared on July 15. View transaction list Journal entry worksheet 1 2 Record the declaration of a cash dividend payable to common stockholders. Note: Enter debits before credits. Date General Journal Debit Credit Jul 15 8:40 PM 3/27/202 Insert Prt Sc F7 F8 F9 F10 F11 F12 Fn F4 F5 F6 + LockDuring the year Company A had the following transactions: Cash paid to retire bonds Cash proceeds from bond issuance Cash proceeds from the issuance of common stock $3,500 $6,700 $5,200 $2,000 $900 Cash paid for accounts payable Cash paid for dividends What amount would the company include in the financing section of the statement of cash flow? Group of answer choices $7,500 $6,400 $8,400 ($8,4000)Classify the following transaction by type of cash flow activity: Issued 100,000 shares of $5 par value common stock for $800,000 cash. Seleccione una: a. Operating activity b. Noncash transaction c. Investing activity d. Financing activity
- Classify each of the following items as: Inflow or Outflow. If neither, indicate Not Applicable. Particulars Amount Classification 1 Cash +600 2 Accounts Payable -1,200 3 Notes Payable +800 4 Long-term Debt -2,500 5 Inventory +400 6 Building +600 7 Accounts Receivable -900 8 Net Profits +700 9 Depreciation +200 10 Repurchase of shares of stock +500 11 Cash Dividends +300 12 Sale of Stock +1,300 13 Transportation Equipment -500 14 Treasury Stock -300 15 Ordinary Shares +1,500#2 Category. Prior Year Current Year Accounts payable 3,136.00 5,904.00 Accounts receivable 6,838.00 9,068.00 Accruals 5,663.00 6,026.00 Additional paid in capital 20,182.00 13,570.00 Cash ??? ??? Common Stock 2,850 2,850 COGS 22,844.00 18,591.00 Current portion long-term debt 500 500 Depreciation expense 955.00 1,036.00 Interest expense 1,275.00 1,169.00 Inventories 3,020.00 6,732.00 Long-term debt 16,947.00 22,144.00 Net fixed assets 75,056.00 74,173.00 Notes payable 4,022.00 6,569.00 Operating expenses (excl. depr.) 19,950 20,000 Retained earnings 35,957.00 34,753.00 Sales 46,360 45,431.00 Таxes 350 920 What is the firm's cash flow from investing? Submit Answer format: Number: Round to: 0 decimal places.W16-4 The following are selected transactions that may affect stockholders' equity. 1. Recorded accrued interest earned on a note receivable. 2. Declared and distributed a stock split. 3. Declared a cash dividend. 4. Recorded a retained earnings restriction. 5. Recorded the expiration of insurance coverage that was previously recorded as prepaid insurance. 6. Paid the cash dividend declared in item 3 above. 7. Recorded accrued interest expense on a note payable. 8. Declared a stock dividend. 9. Distributed the stock dividend declared in item 8. 10. Issued additional shares at par value for cash. Instructions: In the following table, indicate the effect each of the ten transactions has on the financial statement elements listed. Use the following code: |= Increase; D = Decrease; NE = No effect. Number Assets Liabilities Stockholders' Paid-in Retained Net Equity Capital Earning Income 1 2