Bramble's Vegetable Market had the following transactions during 2020: 1. Issued $50000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $23200. 3. Acquired land by issuing common stock of par value $103000. 4. Declared and paid a cash dividend of $2300. 5. Sold a long-term investment (cost $2800) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $15500. What is the net cash provided used by investing activities? ($7500) $8000 $15500 $31900

Bramble's Vegetable Market had the following transactions during 2020: 1. Issued $50000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $23200. 3. Acquired land by issuing common stock of par value $103000. 4. Declared and paid a cash dividend of $2300. 5. Sold a long-term investment (cost $2800) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $15500. What is the net cash provided used by investing activities? ($7500) $8000 $15500 $31900

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Current Attempt in Progress Oriole Company had the following transactions during 2025: 1. Issued $270000 of par value common stock for cash. 2. Recorded and paid salaries and wages expense of $114500. 3. Acquired land by issuing common stock valued at $100000. 4. Declared and paid a cash dividend of $17000. 5. Sold land (cost $6000) for cash of $6000. 6. Recorded cash sales of $850000. 7. Bought inventory for cash of $274000. 8. Acquired equipment for cash of $42800. 9. Converted bonds payable to common stock in the amount of $1000000. 10. Repaid a 6-year note payable in the amount of $445000. What is the net cash provided by operating activities? $675000. O $676000. O $461500. O $576000. **
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).
5. The following list of balances obtained from Agro Trading as at 31 July 2020. PARTICULARS RM Cash in hand Cash at bank Account receivable Inventory as at 1 June 2019 Motor vehicles Plant and machinery Long term investment Freehold premises Account payable 10% Mortgage on freehold premises Capital 100 9,000 12,840 26,500 14,000 50,000 10,000 147,500 16,500 34,000 219,840 128,900 70,300 1,000 1,700 2,000 21,000 3,000 7,400 600 Purchases Wages and salaries Rates and taxes Interest on mortgage General expenses Carriage outwards Insurance premium Drawings Carriage inwards Advertising expenses Sales Sales returns 14,000 250,000 1,000 500 Purchases returns Discount received Discount allowed Allowance for doubtful debt 600 800 200 Inventory at 31 July 2020 was RM30,000. Required: i. Statement of Profit and Loss and Others Comprehensive Income for the year ended 31 July 2020. ii. Statement of Financial Position as 31 July 2020
ABC Co. had the following activities in 2020:Issue of common stock OMR 28000 Increase in receivables OMR 16000 Decrease in Land OMR 75000 Decrease in inventory OMR 25000 Sale of Building OMR 14000 Payment of Bank loan OMR 23000 Purchase of equipment OMR 55000 Purchase of available-for-sale securities OMR 43000 Sale of Machinery OMR 25000 What is the cash flows from Investing activities? a. OMR 50000 b. OMR 16000 c. None of the options d. OMR 90000
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Current Attempt in Progress Sheridan's Vegetable Market had the following transactions during 2020: 1. Issued $52000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $15000. 3. Acquired land by issuing common stock of par value $52000. 4. Declared and paid a cash dividend of $7400. 5. Sold a long-term investment (cost $3400) for cash of $6100. 6. Acquired an investment in IBM stock for cash of $9900. What is the net cash provided by financing activities? $69300 $0 $29600 $37000
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.
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Marigold Corporation had the following activities in 2023: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. (a) Sold land for $196,000. Purchased an FV-NI investment in common shares for $14,200. Purchased inventory for $852,000 with cash. Received $73,000 cash from bank borrowings. Received interest for $11,500. Purchased equipment for $483,000 in exchange for common shares. Issued common shares for $370,000 cash. Recorded an unrealized gain of $3,750 on investments accounted for using the FV-NI model. Purchased investments in bonds, reported at amortized cost for $59,600. Declared and paid a dividend of $17,600 (charged to retained earnings). Sold investments in bonds reported at amortized cost, with a carrying amount of $406,800, for $416,200. Received dividends of $5,000 on FV-NI investments. (b) Your answer is correct. Calculate the amount that Marigold should report as net cash provided (used) by investing activities on its statement of cash flows under IFRS. Under IFRS, assume Marigold…