Current Attempt in Progress Oriole Corporation reported the following information (in thousands) at December 31, 2024: Dividends payable Bank loan payable - current portion Bank loan payable - non-current portion Common sharesRetained earnings 2024 $15 280 420 640 700 2023 $5 280 300 440 530 Additional information: 1. 2. 3. The bank loanwas increased by additional borrowings of $330 to partially finance the purchase of new equipment that cost $700. Thebank loan was decreased by repayments. Common shares were issued during the year. None were repurchased. Thecompany paid dividends during the year. Net income for the year was $420. B SUPPORT Prepare the financing activitiessection of Oriole's statement of cash flows for the year.

Absolutely, here's the financing activities section of Oriole's statement of cash flows for the…

Answered: Current Attempt in Progress Oriole…

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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2) A Canadian company sold 1000 computers for the price of $1000 CND to an Indian company when exchange rate was 1 CND= 65 R. invoice is due after 90 days and when Indian company is about to pay the invoice, exchange rate s 1 CND= 75 R. How much is the loss for Indian company? What are the methods to avoid this risk?
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Interest expense for Rhodes Manufacturing was $500,000 in 2018. During 2018, $3.7 million in old debt was repaid and $1.6 million was raised through new borrowing. Dividends of $460,000 were paid and $1.7 million was raised through new share sales. a. Calculate the cash flow to bondholders. Treat interest as a financing flow. (Enter answers in dollar, not in millions of dollar. Use minus sign to enter cash or financing outflows, if any.)
ABC Co. had the following activities in 2020: Issue of Common stock OMR 25000 Increase in receivables OMR 15000 Decrease in Land OMR 25000 Payment of Bank Loan OMR 12000 Sale of Building OMR 19000 Payment of Dividend OMR 10000 Purchase of equipment OMR 12000 Purchase of Treasury shares OMR 5000 Issue of Bonds OMR 30000 What is the cash flows from financing activities? Select one: a. OMR 38000 O b. None of the options O c. OMR 28000 O d. OMR 34000
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)
On July 31st of the current year Bridges Industries issued $80,000 of bonds payable. The $80,000 was used to purchase $30,000 of equipment and $50,000 to purchase stock in another company. How will these transactions be reported in the statement of cash flows? Operating Section Investing Section Financing Section A. $50,000 use $30,000 use $80,000 source B. $0 $30,000 use/$50,000 use $80,000 source C. $0 $30,000 use $80,000 source/$50,000 use D. $0 $30,000 use $80,000 source/$50,000 use
Looking forward to next year, if Baldwin's current cash balance is $20,926,712 and Cash Flows From Operations next period are unchanged from this period, which of the following activities will expose Baldwin to the most risk of needing an emergency loan? Issues 10,000 shares of stock at the current stock price Purchases assets at a cost of $25,000,000 Sells $10,000,000 of their Long-Term Assets Retires $10,000,000 in Long-Term Debt
Rainey Enterprises loaned $50,000 to Small Co. on June 1, Year 1, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements. In the Cash Flow column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. (Not every cell will require entry. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Round your answers to the nearest whole dollar.) (1) The loan to Small Co. (2) The adjusting entry at December 31, Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2. RAINEY ENTERPRISES Horizontal Statements Model Assets Equity Income Statement Date Statement of Cash Flow Liabilities Notes Receivable Interest Retained Earnings Cash Receivable Revenue Expense Net Income 1.6/1/Y1 2. 1201/Y1 a. 6/1/Y2 (Adjusting entry) 6/1/Y2…
On January 1st 2030 they have the following balance sheet cash accts rec. equipment (net) land accts payable note payable Pelosi capital Trump capital Schiff capital DeSantis capital 100,000 600,000 800,000 500,000 Required: 400,000 200,000 600,000 100,000 100,000 600,000 (remember, losses are divided equally profits: Pelosi and Trump 30% Schiff and DeSantis 20% a) On January 1st how much can each partner take as a safe payment? b) On January 31st, the equipment is sold for $400,000 On February 1st, how much can each partner take as a safe payment (assume no safe payments have been made so far) c) On February 28th, the accounts receivable were sold for $400,000. On this date the partnership paid off the note payable and the accounts payable On March 1st how much can each partner take as a safe payment (assume no safe payments have been made so far) d) On March 31st, the land was sold for $550,000 On April 1st how much will cash will each partner receive (or pay in) if: a) any partner…
Hendrickson Corporation reported net Income of $50,0oo in 2020. Depredation expense was $17,000. The following working capital accounts changed. $11,000 Increase Accounts recelvable Avallable-for-sale debt securities Inventory Nontrade note payable Accounts payable 16,000 Increase 7,400 Increase 15,000 decrease 12,300 Increase Compute net cash provided by operating activities. (show amountr that decrease cash flow with eicher a-sign eg. -15,000 or in parenthesis Hendrickson Corporation Statement of Cash Flows (Partial) Adjustments to reconcile net Income to
Comparative statement of financial position of Alpha Sdn Bhd as at 31 December 2023 Cash at bank Accounts receivable fless: provision for doubtful Inventories Plant and equipment (NBV) Investment in government securities Total assets Ordinary shares 180 million 10% Preference shares. Retained earnings Accounts payable Tax payable Deferred taxation 10% Debentures Sales Less: Cost of sales Gross profit Operating expenses Operating profit Investment income Profit before tax Taxation Profit after tax Interim dividend paid Profit attributable to members Additional information: I. II. III. Required: b. 2023 BM million a. Prepare the cash flow statement for Alp Show the reconciliation of profit before # # # # 84.00 585.50 33.60 509.20 1.094.70 # Income statement for the year ended 31 December 2023 105.00 815.00 205.90 15.00 37.80 21.00 RM million 860.00 560.00 300.00 224.40 75.60 9.00 84.60 18.80 65.80 34.30 31.50 RM 279.70 258.70 1,094.70 802.20 50.40 219.00 134.40 (26 marks) (14 marks)…

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