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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- FDN Trading provided the following information during the current year. Proceeds from bank loans, 950,000 Proceeds from sale of second-hand equipment, #88,500 Interest paid on bank loan, $50,000 Payment of bank loan principal, $498,000 Withdrawals of owner, P132,000 Additional investments of owner, #519,000 How much should be reported on the Statement of Cash Flows as net cash provided by (used in) financing activities? Note: Encode as a negative amount if the final answer is used in.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 decreaseRon Nord and Lisa Smith are examining the following statement of cash fl ows for Carpino Company for the year ended January 31, 2012. CARPINO COMPANY Statement of Cash Flows For the Year Ended January 31, 2012 Sources of cash From sales of merchandise $380,000 From sale of capital stock 420,000 From sale of investment (purchased below) 80,000 From depreciation 55,000 From issuance of note for truck 20,000 From interest on investments 6,000 Total sources of cash 961,000 Uses of cash For purchase of fi xtures and equipment 330,000 For merchandise purchased for resale 258,000 For operating expenses (including depreciation) 160,000 For purchase of investment 75,000 For purchase of truck by issuance of note 20,000 For purchase of treasury stock 10,000 For interest on note payable 3,000 Total uses of cash 856,000 Net increase in cash $105,000 Ron claims that Carpino’s statement of cash fl ows is an excellent portrayal of a superb fi rst year with cash…
- The following information for the 2018 was provided by Zapata Company who uses the indirect method to prepare its statement of cash flows: Long-term notes payable, beginning balance $90,000 Long-term notes payable, ending balance 84,000 Common stock, beginning balance 2,000 Common stock, ending balance 80,000 Retained earnings, beginning balance 74,000 Retained earnings, ending balance 113,000 Treasury stock, beginning balance 5,000 Treasury stock, ending balance 8,000 • No stock was retired. • No treasury stock was sold. • During 2018, the company repaid $40,000 of long-term notes payable. • During 2018, the company borrowed $34,000 on a new note payable. • Net income for the year was $49,000. How much was the net cash flow…In preparation for developing its statement of cash flows for the year ended December 31, 2021, Millennium Solutions, Inc. collected the following information: (s in millions) Payment for the early extinguishments of long-tern notes (book value: $62.0 million) Sale of common shares Retirement of common shares Loss on sale of equipment Proceeds from sale of equipment Issuance of short-term note payable for cash Acquisition of byilding for cash Purchase of markitable securities (not a cash equivalent) Purchase of marketable securities (considered a cash equivalent) Cash payment for 3-year insurance policy Collection of note receivable with interest (principal amount, $19) Declaration of cash dividends Distribution of cash dividends declared in 2020 $ 66.0 208.0 130.0 2.8 11.2 18.0 11.0 13.0 9.0 11.0 21.0 48.0 45.0 03:28 Required: 1. In Millennium's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021? (Amounts to be deducted should be…A company issued 20,000 shares of $1 par common stock for $35 per share during 2014. The company paid dividends of S25,000 and issued long-term notes payable of $275,000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows? A. $950,000 net cash outflow B. $450,000 net cash inflow C. $950,000 net cash inflow D. $400,000 net cash outflow
- Flow Company has provided the following information for the year ended December 31, 2016: • Cash paid for interest, $20,000 • Cash paid for dividends, $6,000 • Cash dividends received, $4,000 • Cash proceeds from bank loan, $29,000 • Cash purchase of treasury stock, $11,000 • Cash paid for equipment purchase, $27,000 • Cash received from issuance of common stock, $37,000 • Cash received from sale of land with a $32,000 book value, $25,000 • Acquisition of land costing $51,000 in exchange for preferred stock issuance • Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value How much was Flow's net cash flow from investing activities?Tech Gear Corporation started the year with $100,000 cash and reported net cash provided by operating activities of $200,000, cash paid for dividends of $40,000, cash received from stock issuance of $30,000, cash paid for equipment purchases of $150,000, cash paid for intangible assets of $100,000, and cash paid on bank loan of $35,000. create a statement of cash flows from the above informationDuPont reports in a recent balance sheet $598 million of 5.25 percent notes payable due in 2016.The company’s income tax rate is approximately 19 percent.a. Compute the company’s after-tax cost of borrowing on this bond issue stated as a total dollaramount.b. Compute the company’s after-tax cost of borrowing on this bond issue stated as a percentageof the amount borrowed.c. Describe briefly the advantage of raising funds by issuing bonds as opposed to stocks.
- Based on the information given below, prepare the Statement of Cash Flows for Clay Company for the year ended December 31, 2019, using the indirect method. Additional information about transactions that occured during 2019: Plant assets costing $98,000 were purchased by paying $48,000 in cash and issuing 5,000 shares of stock. Income taxes of $43,000 were paid in full. In order to supplement cash, Clay Company issued 4,000 shares of common stock at par value. Cash dividends of $105,000 were declared and paid at the end of the fiscal year.The following summary transactions occurred during 2024 for Bluebonnet Bakers: 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 $ 380,000 6,000 50,000 30,000 100, 000 160, 000 5,000 85,000 90,000 Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders The balance of cash and cash equivalents at the beginning of 2024 was $17,000. 25,000 20,000 Required: Prepare a statement of cash flows for 2024 for Bluebonnet Bakers. Use the direct method for reporting operating activities. Note: Amounts to be deducted should be indicated with a minus sign.Vaughn Corporation had the following activities in 2025. 1.Payment of accounts payable $827,000. 2. Issuance of common stock $268,000. 3. Payment of dividends $321,000. 4. Collection of note receivable $93,000. 5. Issuance of bonds payable $549,000. 6. Purchase of treasury stock $45,000. Compute the amount Vaughn should report as net cash provided (used) by financing activities in its 2025 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash by financing activities $
