Creswell Technologies issued a new set of bonds worth $350,000 at 96. Determine the effect of this transaction on cash flows: Is it a cash receipt or cash payment, and for how much?
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- Solve this oneIf $1488000 of bonds are issued during the year but $3100000 of old bonds are retired during the year, the statement of cash flows will show a(n)A long-term investment in bonds with a cost of $500,000 was sold for $600,000 cash. (a) What was the gain or loss on the sale? (b) What was the effect of the transaction on cash flows? (c) How would the transaction be reported on the statement of cash flows if cash flows from operating activitiesare reported by the indirect method?
- A comparative balance sheet for Pina Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,840 $22,000 Accounts receivable 84,300 68,460 Inventory 182,300 191,460 Land 73,300 112,460 Equipment 262,300 202,460 Accumulated depreciation-equipment (71,300) (44,460) Total $603,740 $552,380 Liabilities and Stockholders' Equity Accounts payable $36,300 $49,460 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164,000 Retained earnings 203,440 138,920 Total $603,740 $552,380 Additional information: 1. Net income for 2025 was $129,600. No gains or losses were recorded in 2025. 2. Cash dividends of $65,080 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock.Lakeside Technologies sold a new issue of.... Please answer the general accounting questionA corporation issued $2000000 of 20-year bonds for cash at 98. How would the transaction be reported on the statement of cash flows?
- A long term investment in bonds with a cost of $500000 was sold for $600000 cash. (a) what was the gain or loss on the sale? (b) what was the effect of the transaction on cash flows? (c) how should the transaction be reported on the statement of cash flows if cash flows from operating activities are reported by the indirect method?We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $2,068,000 150,000 923,000 763,000 a. Accounts receivable b. Marketable securities c. Capital assets. d. Long-term debt $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: LA LA LA $ $ 1.00 times 2.60 times $ 40 % 4 times 517000The following accounts and corresponding balances were drawn from Dexter Company’s Year 2 and Year 1 year-end balance sheets. Account Title Year 2 Year 1 Bonds payable $212,100 $300,800 Common stock 373,200 275,300 Other information drawn from the accounting records: Dividends paid during the period amounted to $42,100. There were no bond liabilities issued during the period. Requireda. Compute the amount of cash flow associated with the repayment of bond liabilities.b. Compute the amount of cash flow associated with the issue of common stock.c. Prepare the financing activities section of the statement of cash flows.
- Assume the following excerpts from a company's balance sheet: Property, plant, and equipment Long-term investments Beginning Balance Ending Balance $ 3,500,000 $ 1,100,000 $ 3,750,000 $ 950,000 During the year, the company did not purchase any property, plant, and equipment. It sold equipment that had accumulated depreciation of $150,000 for a loss of $20,000. The company did not sell any long-term investments during the period. Based solely on the information provided, the company's net cash provided by (used in) investing activities would be:Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The following information is available:What amount should Paper report as net cash provided by operating activities in its statement of cash flows for the year? Mortgage repayment Available-for-sale securities purchased Bonds payable-issued Inventory Accounts payable O $0 O $10,000 O $30,000 O $20,000 $20,000 10,000 increase 50,000 increase 40,000 increase 30,000 decrease???
