Dr. Crane Veterinary Services recorded the following cash transactions for the year: Paid $151000 for salaries Paid $85900 to purchase equipment Paid $48400 for utilities, supplies, insurance, and advertising Paid $36400 for rent Issued shares of stock for $60400 Paid $27500 in dividends Collected $657000 from customers Paid $3700 to purchase investments What was the company's net cash provided (used) by operating activities? O The amount cannot be determined from the information provided. $393700 O $307800 ✪ $421200

Dr. Crane Veterinary Services recorded the following cash transactions for the year: Paid $151000 for salaries Paid $85900 to purchase equipment Paid $48400 for utilities, supplies, insurance, and advertising Paid $36400 for rent Issued shares of stock for $60400 Paid $27500 in dividends Collected $657000 from customers Paid $3700 to purchase investments What was the company's net cash provided (used) by operating activities? O The amount cannot be determined from the information provided. $393700 O $307800 ✪ $421200

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 10RE: In the current year, Harrisburg Corporation collected 100,000 from its customers and paid out 30,000...

See similar textbooks

Similar questions

Seamus Industries Inc. buys and sells investments as part of its ongoing cash management. The following investment transactions were completed during the year: Journalize the entries for these transactions.
Swasey Company earned net income of 1,800,000 in 20X2. Swasey provided the following information: Required: Compute the financing cash flows for the current year.
Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income, 68,000 b. Increase in accounts receivable, 4,400 c. Receipt from sale of common stock, 12,300 d. Depreciation expense, 11,300 e. Dividends paid, 24,500 f. Payment for purchase of building, 65,000 g. Bond discount amortization, 2,700 h. Receipt from sale of long-term investments at cost, 10,600 i. Payment for purchase of equipment, 8,000 j. Receipt from sale of preferred stock, 20,000 k. Increase in income taxes payable, 3,500 l. Payment for purchase of land, 9,700 m. Decrease in accounts payable, 2,900 n. Increase in inventories, 10,300 o. Beginning cash balance, 18,000 Required: Prepare Mueller Company's statement of cash flows.
Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectively
Metlock, Inc. recorded the following cash transactions for the year: Paid $149000 for salaries. Paid $64600 to purchase office equipment. Paid $14800 for utilities. Paid $5000 in dividends. Collected $286000 from customers. What was Metlock's net cash provided by operating activities? O $57600 O $137000 O $117200 O $122200
Bad Brad's BBQ had cash flows for the year as follows ($ in millions): Cash received from: Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities Cash paid for: $2,900 260 120 550 2,400 Interest on debt Income taxes Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: Multiple Choice $340 90 1,500 4,100 850 200 550
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: $660,000 Customers Interest on note receivable 12,000 100,000 Collection of note receivable Sale of land Issuance of common stock 40,000 200,000 Cash paid for: Interest on note payable Purchase of equipment Operating expenses 18,000 120,000 440,000 Dividends to shareholders 30,000 Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct method.
Quinze Seize Corp. reported the following amounts in its statement of financial position at each year-end:a. What is the net cash provided by operating activities?b. What is the net cash used in investing activities?c. What is the net cash provided by financing activities?
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
Weat
The following summary transactions occurred during the year for Bluebonnet. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $380,000 6,000 50,000 Cash flows from financing activities: 30,000 100,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from financing activities 160,000 5,000 85,000 90,000 25,000 20,000 BLUEBONNET COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $
The following are summary cash transactions that occurred during the year for Hope Healthcare Company (HHC): Cash received from: Customers Interest on notes receivable Collection of notes receivable Sale of land Issuance of common stock Cash paid for: Interest on notes payable Purchase of equipment Operating expenses Dividends to shareholders Cash flows from operating activities: Cash received from customers Collection of note receivable Cash paid for operating expenses $ 810,000 27,000 250,000 Net cash flows from operating activities 55,000 350,000 Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct method. Note: Amounts to be deducted should be indicated with a minus sign. 33,000 195,000 515,000 45,000