Blue Spruce Ltd. engaged in the following cash transactions during 2023:Proceeds from sale of land and building $202,000Repurchase of company's ownshares27,000Purchase of land54,000Payment of cash dividends60,000Purchase of equipment37,000Issuance of common shares161,000Retirement of bonds payable211,000 Calculate the net cash provided (used) by financing activities, under ASPE.

Blue Spruce Ltd. engaged in the following cash transactions during 2023:Proceeds from sale of land and building $202,000Repurchase of company's ownshares27,000Purchase of land54,000Payment of cash dividends60,000Purchase of equipment37,000Issuance of common shares161,000Retirement of bonds payable211,000 Calculate the net cash provided (used) by financing activities, under ASPE.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Bloom Corporation engaged in the following cash transactions during 2020. Sale of land and building $183,720 Purchase of treasury stock 49,600 Purchase of land 47,000 Payment of cash dividend 88,900 Purchase of equipment 62,500 Issuance of common stock 147,300 Retirement of bonds 105,700 Compute the net cash used (provided) by financing activities.
BTS Inc. has recorded the following transactions on its book for the year 2021. How much total Cash Inflow from financing activities that BTS should reflected on its Statement of Cash Flow:i. Payment for interest of the issued bonds on April 1, 2021, 900.ii. Cash dividend received on the short-term investment, 5,000iii. Depreciation on plant that manufactures goods for sale, 6,000.iv. Payment of income tax on gain on sale of treasury bills, 2,000.v. Issued 500 ordinary shares for 50,000.vi. Received cash from interest on the acquired treasury bonds of BigHit Corp, 2,400.vii. Payment for marketable securities, 12,000
Quinze Seize Corp. reported the following amounts in its statement of financial position at each year-end:a. What is the net cash provided by operating activities?b. What is the net cash used in investing activities?c. What is the net cash provided by financing activities?
The Q Ltd.provides the following information about its activities in the year 2021.Marketable securities purchased: $45,000Treasury stock purchased: $56,000Inventory purchased: $412,000Land sold: $95,000Machinery purchased: $278,000Common stock issued: $168,000Compute net cash provided by investing activities to be reported in the statement of cash flows of Q Ltd.
Bramble Corporation engaged in the following cash transactions during 2020. Sale of land and building $198,200 Purchase of treasury stock 43,100 Purchase of land 44,800 Payment of cash dividend 86,200 Purchase of equipment 53,800 Issuance of common stock 155,600 Retirement of bonds 108,100 Compute the net cash provided (used) by investing activities.
Martinez Corporation engaged in the following cash transactions during 2020. Sale of land and building $191,000 Purchase of treasury stock 40,000 Purchase of land 37,000 Payment of cash dividend 95,000 Purchase of equipment 53,000 Issuance of common stock 147,000 Retirement of bonds 100,000 Compute the net cash provided (used) by investing activities.
The following information on selected cash transactions for 2021 has been provided by Crane Company: Proceeds from sale of land $310000 Proceeds from long-term borrowings 590000 Purchases of plant assets 210000 Purchases of inventories 1010000 Proceeds from sale of Crane common stock 350000 What is the cash provided (used) by investing activities for the year ended December 31, 2021, as a result of the above information? $310000. $380000. $1250000. $100000.
subject :- Accounting
FDN Trading has the following information in 2022: Net cash used in financing activities, P897,000 Net cash used in investing activities, P2,500,000 Cash balance, January 1, 2022, P2,200,000 Cash balance, December 31, 2022, P2,100,000 How much is the net cash provided by operating activities that should be presented on the Statement of Cash Flows?
Presented here are cash flows (in S Millions) for Baton Rouge Corporation's most recent fiscal vear: Cash received from: Customers $3200 Interest on investments Sale of investments Sale of company's capital stock Issuance of debt securities 600 4400 440 2900 Cash paid for: Interest on debt S405 160 Income tax Principal payments on debt Purchase of land Payments to vendors Dividends on capital stock Operating expenses 1100 800 1200 330 710 Compute Cash flows from operating activities are 2) Presented here are cash flows (in S Millions) for Baton Rouge Corporation's most recent fiscal year: Cash received from: Customers S3400 Interest on investments 800 Sale of investments 3800 Sale of company's capital stock Issuance of debt securities 470 2200 Cash paid for: Interest on debt $385 Income tax Principal payments on debt Purchase of land Payments to vendors Dividends on capital stock Operating expenses 170 1200 1100 1400 360 770 Compute the Cash flows from investing activities are 3)…
Angel Corporation's accounting records and financial statements for 2021 is as follows (P in millions): Cash paid to acquire machinery = P32; Retired share capital = P51; Proceeds from sale of land = P95; Gain from the sale of land = P50; Investment revenue received = P72; Cash paid to acquire office equipment = P85. In its statement of cash flows, the company should report net cash flows from investing activities of: a.P22 million outflows b.P50 million outflows c.P100 million inflows d.P28 million inflows
Shepherd Nonprofit had the following information related to its investment balances during the fiscal year ended June 30, 2021. Beginning investments $1,200,000 en Ending investments $1,460,000 Purchases of investments $500,000 Proceeds from sale of investments $220,000 Realized loss on sale of investments $30,000 Report the section(s) in the statement of cash flows (using the indirect method) where investment transactions would appear, including the direction and amount associated with each.