Bad Brad's BBQ had cash flows for the year as follows ($ In millions):10CASH RECEIVED FROM:Customers$2,400Interest on investments260eBookSale of land120Sale of common stock510Issuance of debt securities2,500CASH PAID FOR:Interest on debt320Income tax90Debt principal reductionPurchase of equipment1,6003,6001,000Purchase of inventoryDividends on common stock260Operating expenses600Bad Brad's would report net cash Inflows (outflows) from Investing activities In the amount of:Multiple Cholce$(980).$120.$(3.600).McGrawHille Type here to search99+ Bad Brad's BBQ had cash flows for the year as follows ($ In millions):9.CASH RECEIVED FROM:Customers$3,400Interest on investments250eBookSale of land150Sale of common stock600Issuance of debt securities2,200CASH PAID FOR:Interest on debt$ 270Income tax160Debt principal reductionPurchase of equipmentPurchase of inventory1,5504,900800Dividends on common stock180Operating expenses450Bad Brad's would report net cash Inflows (outflows) from operating activities In the amount of:Multiple Choice$1,970.$1,790.$(2.130)McGrawHillP Type here to search99+

Cash flow statement shows the amount of cash and cash equivalents which is entering or leaving a…

CASH PAID FOR: Interest on debt $320 Income tax 90 Debt principal reduction Purchase of equipment Purchase of inventory 1,600 3,600 1,000 260 Dividends on common stock Operating expenses 600 Bad Brad's would report net cash Inflows (outflows) from Investing activities In the amount of.

CASH PAID FOR: Interest on debt $320 Income tax 90 Debt principal reduction Purchase of equipment Purchase of inventory 1,600 3,600 1,000 260 Dividends on common stock Operating expenses 600 Bad Brad's would report net cash Inflows (outflows) from Investing activities In the amount of.

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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Use the following information to determine cash flows from financing activities.
A company had the following cash flow activities during the year: Cash Inflows Cash OutflowsIssue common stock $75,000 Purchase equipment $180,000Sell inventory to customers 86,000 Purchase inventory 38,000Issue notes payable 53,000 Purchase treasury stock 40,000Sell land 98,000 Repay notes payable 30,000Earn interest on investments 2,000 Pay salaries 39,000Sell patent 61,000 Pay dividends 15,000Required:Calculate net cash flows from (a) operating activities, (b) investing activities, and (c) financing activities. (d) Assuming the balance of cash at the beginning of the year is $53,000, calculate the ending balance of cash. How would your answers change if the common stock was issued for $80,000 and the equipment was purchased for $170,000?
Statement of Cash Flow Preparation Activity Consider the following journal entries: Entry (a) cash $4 %$4 81,000.00 common stock 81,000.00 (b) treasury stock 13,000.00 cash 13,000.00 (c) cash 60,000.00 sales revenue 60,000.00 (d) land 87,700.00 cash 87,700.00 (e) depreciation expense 9,000.00 accumulated depreciation 9,000.00 (f) dividends payable 16,500.00 cash 16,500.00 (g) land 18,000.00 cash 18,000.00 (h) cash 7,200.00 7,200.00 equipment (1) bonds payable cash 45,000.00 45,000.00 (1) building 164,000.00 164,000.00 note payable, long-term (k) loss on disposal of equipment | 1,400.00 equipment, net 1,400.00 Indicate whether each transaction would result in an operating activity, an investing activity, or a financing activity for an indirect method statement of cash flow and the accompanying schedule of non-cash investing and financing activities. Click here to enter text. %24
Use the information below (in millions) to determine net cash inflows (outflows) from investing activities. Cash received from: Customers $ 2,550 Interest on investments 250 Sale of land 150 Sale of Rowdy's common stock 700 Issuance of debt securities 2,500 Cash paid for: Interest on debt $ 350 Income tax 130 Debt principal reduction 2,000 Purchase of equipment 5,000 Purchase of inventory 1,500 Dividends on common stock 350 Operating expenses 600
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 7,000 shares of $15 par common stock for $30 per share. c. Sold equipment with a book value of $51,800 for $74,600. d. Purchased land for $362,000 cash. e. Purchased a building by paying $75,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $150,000 of bonds at 98. g. Purchased 4,400 shares of $15 par common stock as treasury stock at $28 per share. h. Paid dividends of $1.60 per share. There were 34,000 shares issued and 5,000 shares of treasury stock. Effect Amount a. b. C. d. e. f. g. h.
Based on the following information, compute cash flows from financing activities under GAAP.Purchase of investments $ 250Dividends paid 1,200Interest paid 400Additional borrowing from bank 2,800
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 12,000 shares of $30 par common stock for $53 per share. c. Sold equipment with a book value of $52,900 for $76,200. d. Purchased land for $329,000 cash. e. Purchased a building by paying $75,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $320,000 of bonds at 98. g. Purchased 4,900 shares of $35 par common stock as treasury stock at $63 per share. h. Paid dividends of $2.20 per share. There were 19,000 shares issued and 3,000 shares of treasury stock. Effect Amount а. b. $ С. d. е. $ f. $ g. 2$ h.
Mazaya Company has the following information available: Net Income R.O. 55,000; Cash Provided by Operations R.O. 68,200; Cash Sales R.O. 143,000; Capital Expenditures R.O.24,200; Dividends Paid R.O. 6,600. What is Mazaya's free cash flow? Select one: a. R.O.61,600 b. R.O.37,400 c R.O.44,000 d. R.O.24,200
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Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,300 Interest on investments 290 Sale of land 110 Sale of common stock 560 Issuance of debt securities 2,800 CASH PAID FOR: Interest on debt $ 290 Income tax 120 Debt principal reduction 1,550 Purchase of equipment 4,300 Purchase of inventory 900 Dividends on common stock 200 Operating expenses 600 Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: Multiple Choice $110. $(1,390). $(4,300). $(4,190).
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 12,000 shares of $15 par common stock for $23 per share. c. Sold equipment with a book value of $47,400 for $68,300. d. Purchased land for $436,000 cash. e. Purchased a building by paying $58,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $240,000 of bonds at 97. g. Purchased 3,300 shares of $25 par common stock as treasury stock at $48 per share. h. Paid dividends of $2.50 per share. There were 28,000 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. Effect Cash payment Cash receipt Cash receipt Cash payment ✓ Cash payment - ✓ Cash receipt ✔ ✓ ✓ g. Cash payment -✔ h. Cash payment Amount 229,000 ✓ 161,000 X 100000
Based on the following information,. Purchase of investments $ 434 Dividends paid 278 Interest paid 69 Additional borrowing from bank 565 The cash flows from financing activities under GAAP would $______