During 2010, Arizona Company issued $500,000 in long-term bonds at 96, repaid $75,000 of bonds at face value, paid interest of $40,000, and paid dividends of $25,000. Prepare the cash flows from the financing. activities section of the statement of cash flows.
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- During 2010, Arizona Company issued $500,000 in long-term bonds at 96, repaid $75,000 of bonds at face value, paid interest of $40,000, and paid dividends of $25,000. Prepare the cash flows from the financing activities section of the statement of cash flows.Please solve this question general accountingSolution for correct answer
- Vaden Corp. reported long-term borrowings of $9,400,000, repayments of long-term borrowings of $3,500,000, interest payments of $230,000, repurchase of treasury shares of $150,000, sale of investment securities for $170,000 and cash dividends declared and paid of $95,000. Calculate Vaden’s net cash flow from financing activities.Herbert Company reported the following information for 2013: Repaid long-term debt $75,000 Paid interest on note payable 1,570 Issued common stock 30,000 Paid dividends 18,000 Based on this information, what is the cash flow from financing activities?Augusta Company reported that its bonds with a face value of $62,000 and a carrying value of $56,000 are retired for $62,000 cash. The amount to be reported under cash flows from financing activities is:
- Hi teacher please help me this questionStansfield Corporation had the following activities in 2020. Payment of accounts payable $770,000. Issuance of common stock $250,000. Payment of dividends $350,000. Collection of note receivable $100,000. Issuance of bonds payable $510,000. Purchase of treasury stock $46,000. Compute the amount Stansfield should report as net cash provided (used) by financing activities in its 2020 statement of cash flows.Each of the items below must be considered in preparing a statement of cash flows for Baskerville Co. for the year ended December 31, 2020. For each item, state how it should be shown in the statement of cash flows for 2020 if the indirect method is used. (a) Issued bonds for $200,000 cash. Cash Outflow from Operating ActivityCash Outflow from Financing ActivityCash Inflow from Financing ActivityCash Inflow from Operating ActivityCash Inflow From Investing ActivityCash Outflow from Investing Activity (b) Purchased equipment for $150,000 cash. Cash Outflow from Investing ActivityCash Inflow from Operating ActivityCash Outflow from Operating ActivityCash Inflow from Financing ActivityCash Inflow From Investing ActivityCash Outflow from Financing Activity (c) Sold land costing $20,000 for $20,000 cash. Cash Outflow from Investing ActivityCash Outflow from Financing ActivityCash Inflow from Operating ActivityCash Outflow from…
- Compute Net Cash flow from Financing Activities Balance Sheets for the Years Ending Dec. 31, 2011 and 2012 2012 2011 300 Cash Accounts receivable 400 1,000 3,200 4,500 3,800 8,300 400 700 1,400 3,000 4,800 4,300 9,100 Inventories Current assets Net fixed assets Total assets Notes payable Accounts payable 300 500 Аccruals 50 80 Current portion of long-term debt Current liabilities 70 80 960 1,220 4,300 1,200 680 Long-term debt Common stock ($.20 par) Additional paid-in capital Retained earnings Total liabilities and equity Net income (as reported on the 2012 Income statement) = 436 Depreciation (as reported on the 2012 Income statement) = 225 4,900 1,300 740 1,200 9,100 900 8,300Moore Company is preparing its statement of cash flows for the current year. During the year, the company retired two issuances of debt and properly recorded the transactions. These transactions were as follows: Paid cash of $12,700 to retire bonds payable with a face value of $15,000 and a book value of $13,300. Paid cash of $48,000 to retire bonds payable with a face value of $45,000 and a book value of $47,000. Required: Record, in journal entry form, the entries that Moore would make for the preceding transactions on its spreadsheet to prepare its statement of cash flows. If an amount box does not require an entry, leave it blank.Use the following information to calculate the net cash provided (inflow) or used by (outflow) from financing activities for the Lulu Corporation: (a) Net income, $10,000 (b) Sold common stock for $40,000 cash (c) Paid cash dividend of $13,000 (d) Repayment of bond payable, $26,000 (e) Purchased equ for $12,000 cash (f) Issued long term mortgage notes payable for $250,000 cash. (Note: in the answer space, write only the number, with no $ signs or commas. That is, if your answer is $1,000, white it as : 1000 ). Answer: