Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid. Cash paid for other expenses Cash received from customers Cash paid for inventory $ 46,000 129,352 4,600 133,400 145,000 230,000 112,700 84,100 43,700 27,600 73,600 892,400 464,048 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method for the current year ended December 31. Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should be indicated with a minus sign.)

Cash and cash equivalents, December 31 prior year-end Cash and cash equivalents, December 31 current year-end Cash received as interest Cash paid for salaries Bonds payable retired by issuing common stock (no gain or loss on retirement) Cash paid to retire long-term notes payable Cash received from sale of equipment Land purchased by issuing long-term notes payable Cash paid for store equipment Cash dividends paid. Cash paid for other expenses Cash received from customers Cash paid for inventory $ 46,000 129,352 4,600 133,400 145,000 230,000 112,700 84,100 43,700 27,600 73,600 892,400 464,048 Use the above information about Ferron Company to prepare a complete statement of cash flows (direct method for the current year ended December 31. Use a note disclosure for any noncash investing and financing activities. (Amounts to be deducted should be indicated with a minus sign.)

Name: Cash and cash equivalents, December 31 prior year-endCash and cash eq
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Description: Cash and cash equivalents, December 31 prior year-endCash and cash equivalents, December 31 current year-endCash received as interestCash paid for salaries.Bonds payable retired by issuing common stock (no gain or loss on retirement)Cash paid to ret

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 27BE

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Assets Cash S.T. Investments Accts Receivable Inventories Total Current Assets Net PP&E Total Assets Liabilities. Accts Payable Notes Payable Accruals Balance Sheet Current Liabilities L.T. Bonds Preferred Stock Common Stock Retained Earnings Total Equity Total Liab. & Equity Less: Interest 2021 120 30 400 Pre-tax Earnings 1,200 1,750 3,000 4,750 100 100 300 500 520 200 530 3,000 3,530 4,750 Net Sales COGS except Dep Depreciation & Amortization Other Operating Expenses EBIT Income Statements 2021 5,500 3,800 180 600 920 60 860 215 Taxes (25%) Preferred Dividends 15 Net Income for CS Holders 630 2020 $102 40 384 774 1. What is the company's MVA? 2. What is the company's EVA in? 3. What is the current ratio of the Company? 1,300 1,780 3,080 180 28 370 578 350 100 500 1,552 2,052 3,080 Number of Common Stock Outstanding = 1,200 Price of Common Stock = 4.00 WACC Cost of Capital = 12.0% Return on Investment (ROI)= 15.97% 2020 4,800 3,710 180 470 440 40 400 100 7 293
Cash received from long-term notes payable Purchase of investments Cash dividends paid. Interest paid Financing Activities Compute cash flows from financing activities using the above company information. (Amounts to be deducted should be indicated by a minus sign.) Cash received from long-term notes payable Cash dividends paid Cash provided by financing activities $ 66,000 16,500 $ 52,800 26,400 66,000 (52,800) 13,200
! Required information Problem 12-6A (Algo) Use ratios to analyze risk and profitability (LO12-3, 12-4) [The following information applies to the questions displayed below.] Income statements and balance sheets data for Virtual Gaming Systems are provided below. Net sales Cost of goods sold Gross profit Expenses: VIRTUAL GAMING SYSTEMS Income Statements For the Years Ended December 31 2025 $3,495,000 2,477,000 1,018,000 Operating expenses Depreciation expense Loss on sale of land Interest expense Income tax expense Total expenses Net income 952,000 27,000 16,500 7,700 1,003, 200 14,800 2024 $3,021,000 1,947,000 1,074,000 855,000 25,500 7,700 13,500 46,500 948, 200 125,800
Harding Company Accounts payable Accounts receivable Accrued liabilities Cash Intangible assets Inventory Long-term investments Long-term liabilities $33,881 67,862 6,549 24,569 44,827 81,635 119,652 79,434 27,140 Notes payable (short-term) Property, plant, and equipment 665,660 Prepaid expenses Temporary investments 1,979 38,326 Based on the data for Harding Company, what is the amount of working capital? a.$663,681 b.$214,371 c.$146,801 d.$1,044,510
Cash received from long-term notes payable Purchase of investments Cash dividends paid Interest paid Financing Activities $ 56,000 14, 200 Compute cash flows from financing activities using the above company information. Note: Amounts to be deducted should be indicated by a minus sign. $ 45,600 22,800 0
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cash and cash equivalents at the beginning of the years is options are deducted fromcash and case equivalent at th end of the year deducted from net increase in case and case equivalents not considered added to net increase in case and cash equivalents
Cash Flows from Financing Activities: Payment of short-term debt Payment of notes payable Proceeds from Issuance of long-term debt Proceeds from Issuance of common stock Payment of cash dividends on common stock Net cash provided by financing activities Net decrease in cash for the year Assets Cash Accounts receivable Merchandise inventory Total current assets Land Buildings Less: Accumulated depreciation Total land and buildings Total assets Liabilities Accounts payable Short-term deb HARRIS INC. Balance Sheet At December 31, 2019 Notes payable Total current liabilities Long-term debt Stockholders' Equity Common stock, no par Retained earnings Total Stockholders' Equity Total liabilities and Stockholders Equity Required A Required B Accote: Current st Cash Accounts receivable Merchandise inventory Totalcument assets Noncurent assets: Land Buildings Less: Accumulated depreciation Total noncurent assets Total assets Liabilities and stockholders' Equity: Current liabilities: Accounts…
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Current assets: Cash Short-term investments Accounts receivable Inventories Other current assets Total current assets Long-term investments Property, plant, and equipment, net Other noncurrent assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable Accrued expenses Unearned revenue Short-term debt Total current liabilities Long-term debt Other noncurrent liabilities Total liabilities Stockholders' equity: Common stock ($0.00001 par value) Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities and shareholders' equity $ 48,844 51,713 22,926 4,106 35,230 162,819 105,341 37,378 32,978 $ 338,516 $ 46,236 43,700 5,522 10,260 105,718 91,807 50,503 248,028 1 45,173 45,314 90,488 $ 338,516
Novak Company at December 31 has cash $44,500, noncash assets $214,000, liabilities $120,000, and the following capital balances: Hoffman $91,000 and Mena $47,500. The firm is liquidated, and $230,000 in cash is received for the noncash assets. Hoffman and Mena income ratios are 60% and 40%, respectively. (If an amount reduces the account balance then enter with a negative sign preceding the number eg. -15,000 or parentheses eg. (15,000).) Prepare a schedule of cash payments. NOVAKCOMPANY Schedule of Cash Payments Item Cash Noncash Assets Liał Balances before liquidation 24 $4 24 Sale of noncash assets and allocation of losses New balances Pay liabilities
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