Coronary, Inc. had the following transactions during 2020: • Purchased new fixed assets for $35,000 • Converted $20,000 worth of preferred shares to common shares Received cash dividends of $11,000. Paid cash dividends of $20,000. • Repaid mortgage principal of $17,000 . Assuming Coronary follows U.S. GAAP, which of the following amounts represents Coronary's cash flows from investing and cash flows from financing in 2020? Investing: ($35.000); Financing: ($37,000) Investing: ($24,000): Financing: ($26,000) Investing: ($35.000): Financing: ($26,000)

Coronary, Inc. had the following transactions during 2020: • Purchased new fixed assets for $35,000 • Converted $20,000 worth of preferred shares to common shares Received cash dividends of $11,000. Paid cash dividends of $20,000. • Repaid mortgage principal of $17,000 . Assuming Coronary follows U.S. GAAP, which of the following amounts represents Coronary's cash flows from investing and cash flows from financing in 2020? Investing: ($35.000); Financing: ($37,000) Investing: ($24,000): Financing: ($26,000) Investing: ($35.000): Financing: ($26,000)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 14GI: Dunn Company recognized a 5,000 unrealized holding gain on investment in Starbuckss long-term bonds...

See similar textbooks

Similar questions

XYZ Co. had the following activities in 2020: Issue of Bonds OMR 15000 Increase in receivables OMR 16000 Decrease in Land OMR 35000 Payment of Bank Loan OMR 8000 Sale of Building OMR 13000 Payment of Dividend OMR 4000 Purchase of equipment OMR 10000 Purchase of Treasury shares OMR 6000 Issue of Common stock OMR 22000 What is the cash flows from financing activities? Select one: O a. OMR 20000 b. OMR 15000 c. OMR 19000 d. NONE OF THE OPTIONS
Magic Sunrays Ltd is a Johannesburg Stock Exchange (JSE) listed company. Below is an extract from its statement of cash flows for the year ended 31 March 2022. Cash flows from financing activities Proceeds from issue of share capital Repayment of long-term borrowings Dividends paid 20 000 (25 000) (80 000) Payment of finance-lease liabilities Net cash used in financing activities (10 000) (95 000) Net increase in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period 16 000 8 000 24 000 Required: Explain each of the cash inflows and outflows in the financing activities section of Magic Sunrays Ltd's statement of cashflows. 4.1 4.2 Explain the changes in cash and cash equivalents section at the end of the statement of cashflows. Hint: explain each item. Magic Sunrays Ltd has one million shares in issue at 31 March 2022. Each share has a value of R1.50. Calculate the dividend per share and 4.3 the dividend yield for the year…
BT21 Inc. has recorded the following transactions on its book for the year 2021. How much total Cash Inflow from financing activities that BT21 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.
Melon Co. uses the direct method to prepare its statement of cash flows. Melon had the following cash flows during 2020: • Cash receipts from issuance of ordinary shares - P800,000 • Cash receipts from customers- P400,000 • Cash receipts from dividends in long term investments- P60,000 • Cash receipts from repayment of loan made to another company- P440,000 • Cash payments for wages and other operating expenses- P240,000 • Cash payment for insurance- P20,000 • Cash payments for dividends- P40,000 • Cash payments for taxes-P80,000 • Cash payment to purchase land- P160,000 What is the net cash provided (used) from operating activities? a. P60,000 b. P80,000 c. P(P40,000) d. P120,000
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
During 2021, T Company engaged in the following activities: Distribution of cash dividends declared in 2020 Fair value of shares issued in a stock dividend Payment to retire bonds Proceeds from the sale of treasury stock (cost: $50) In T's statement of cash flows, what were net cash outflows from financing activities for 2021? Multiple Choice $374. $46 210 432 58 $420.
Boombayah has recorded the following transactions on its book for the year 2020. How much total Cash Inflow from financing activities that Boombayah should reflected on its Statement of Cash Flow:i. Payment for interest of the issued bonds on April 1, 2020, 90.ii. Cash dividend received on the short-term investment, 500iii. Depreciation on plant that manufactures goods for sale, 600.iv. Payment of income tax on gain on sale of treasury bills, 200.v. Issued 50 ordinary shares for 5,000.vi. Received cash from interest on the acquired treasury bonds of Sheshe, 240.vii. Payment for marketable securities, 1200.
Rebecky's Flowers 4U, Incorporated, had free cash flows during 2024 of $43 million, NOPAT of $85 million, and depreciation of $14 million. Using this information, fill in the blanks on Rebecky's balance sheet below. Note: Enter your answers in millions of dollars. (i.e., Enter 10,000,000 as 10.) Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total Total assets $ $ $ $ $ $ 2024 REBECKY'S FLOWERS 4U, INCORPORATED Balance Sheet as of December 31, 2024 and 2023 (in millions of dollars) 28 $ 75 118 221 $ 333 $ 54 279 50 329 $ 550 $ $ 2023 25 65 100 190 Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total Long-term debt: 300 Stockholders' equity: 40 Preferred stock (5 million shares) 260 Common stock and paid-in surplus (20 million shares) 50 Retained earnings 310 Total 500 Total…
Sunland Corporation reports the following information for 2026: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends declared Capital expenditures Payments of debt Sunland's cash debt coverage is 1.45. 3.59. 2.52. 3.42. $362500 144000 106000 55000 101000 36000
Puddycat Ltd. had the following activity during 2021: Proceeds from the sale of non-current investments: $156,000 Gain on the sale of non-current investments: $16,000 Proceeds from the sale of preferred shares: $182,000 Repayment of long-term debt: $30,000 Increase in income taxes payable: $25,000 What is the cash flow provided by (used in) financing activities? Question 13 options: $212,000 $177,000 $152,000 $140,000
28. mELON Inc. has recorded the following transactions on its book for the year 2021. How much total Cash Inflow from financing activities that BT21 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.
Swifty Corporation purchased treasury stock with a cost of $38500 during 2022. During the year, the company paid dividends of $14000 and issued bonds payable for proceeds of $613200. Cash flows from financing activities for 2022 total $637700 net cash inflow. $52500 net cash outflow. O $560700 net cash inflow. O $599200 net cash inflow.