Solve this one Determine the effect (cashreceipt or cash payment, and theof the followingamount)transaction on cash flows: Sold anew issue of $280,000 of bonds at98.

Step 1: Define Cash Flow StatementThe cash flow statement is a financial statement that shows the…

Answered: Determine the effect (cash receipt or…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 7DQ

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General Accounting
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Bonds with a face value of $450,000 are issued at 105. The statement of cash flows wouldreport a cash inflow of:a. $450,000 in the financing activities section.b. $472,500 in the financing activities section.c. $22,500 in the financing activities section.d. $450,000 in the investing activities section.
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Duning the year, Next Tec Corp. had the following cash flows receipt trom customers, $21,000, receipt from the bank for long term borrowing. $6,200, payment to supplers, $5,200, payment of dividends, $1700, payment to workers, $3.000, and payment for machenery $9,000. What amount would be reported for net financing cash flows in the statement of cash fows? Mutiple Choice S4500 $6 200 (19,000 SA000 20 s0 ype here to search Ps 40% S/1/20 K N Alt Ctri Home oOOo
Considering the financial statement information below for the The C’mon Cam! Co., how long is the cash cycle? Item Beginning EndingInventory $9,338 $11,550Accounts Receivable 5,670 6,947Accounts Payable 7,689 9,625 Net Sales $82,544Cost of Goods Sold $58,638 a. 28 daysb. 39 daysc. 65 daysd. 93 days
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Determine the effect (cash receipt or cash payment, and the of the following amount) transaction on cash flows: Sold a new issue of $280,000 of bonds at 98.