Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
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Effect of Transactions on
State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
- Retired $320,000 of bonds, on which there was $3,200 of unamortized discount, for $333,000.
- Sold 7,000 shares of $15 par common stock for $37 per share.
- Sold equipment with a book value of $58,600 for $84,400.
- Purchased land for $490,000 cash.
- Purchased a building by paying $88,000 cash and issuing a $120,000 mortgage note payable.
- Sold a new issue of $140,000 of bonds at 97.
- Purchased 3,500 shares of $30 par common stock as
treasury stock at $57 per share. - Paid dividends of $1.50 per share. There were 20,000 shares issued and 3,000 shares of treasury stock.
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- Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 7,000 shares of $15 par common stock for $30 per share. c. Sold equipment with a book value of $51,800 for $74,600. d. Purchased land for $362,000 cash. e. Purchased a building by paying $75,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $150,000 of bonds at 98. g. Purchased 4,400 shares of $15 par common stock as treasury stock at $28 per share. h. Paid dividends of $1.60 per share. There were 34,000 shares issued and 5,000 shares of treasury stock. Effect Amount a. b. C. d. e. f. g. h.Indicate the effect, if any, that each separate transaction has on financing cash flows. Note: Select "No Effect" if there is no effect. a. Long-term notes payable with a carrying value of $19,000 are retired for $22,000 cash, resulting in a $3,000 loss. b. Paid cash dividends of $15,000 to common stockholders. c. Acquired $24,000 worth of machinery in exchange for common stock. Items a. Long-term notes payable b. Dividends c. Machinery Amount Effect on financing cash flowsEffect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 12,000 shares of $30 par common stock for $53 per share. c. Sold equipment with a book value of $52,900 for $76,200. d. Purchased land for $329,000 cash. e. Purchased a building by paying $75,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $320,000 of bonds at 98. g. Purchased 4,900 shares of $35 par common stock as treasury stock at $63 per share. h. Paid dividends of $2.20 per share. There were 19,000 shares issued and 3,000 shares of treasury stock. Effect Amount а. b. $ С. d. е. $ f. $ g. 2$ h.
- Indicate the effect, if any, that each separate transaction has on financing cash flows. (Select "No Effect" if there is no effect.) a. Long-term notes payable with a carrying value of $15,800 are retired for $17,200 cash, resulting in a $1,400 loss. b. Paid cash dividends of $11,800 to common stockholders. c. Acquired $20,800 worth of machinery in exchange for common stock. Effect on financing Items Amount cash flows a. Long-term notes payable b. Dividends c. MachineryIndicate the effect, if any, that each separate transaction has on financing cash flows. Note: Select "No Effect" if there is no effect. a. Long-term notes payable with a carrying value of $15,000 are retired for $16,000 cash, resulting in a $1,000 loss. b. Paid cash dividends of $11,000 to common stockholders. c. Acquired $20,000 worth of machinery in exchange for common stock. Items a. Long-term notes payable b. Dividends c. Machinery Amount Effect on financing cash flowsa. Net income was $476,000. b. Issued common stock for $80,000 cash. c. Paid cash dividend of $18,000. d. Paid $100,000 cash to settle a long-term notes payable at its $100,000 maturity value. e. Paid $117,000 cash to acquire its treasury stock. f. Purchased equipment for $93,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) F3 Statement of Cash Flows (partial) Cash flows from financing activities E5 *8 F8 F9 F10 Connec B CAP F11 THE O P
- Renaldo Cross Company paid $2,000 interest on short-term notes payable, $10,000 principal of long-term bonds, and $6,000 in dividends on its common stock. Renaldo Cross Company would report cash outflows from activities, as follows: Multiple Choice Operating, $0; investing, $10,000; financing, $8,000. Operating, $0; investing, $0; financing, $18,000. Operating, $2,000; investing, $10,000; financing, $6,000. Operating, $2,000; investing, $0; financing, $16,000. 身Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 12,000 shares of $15 par common stock for $23 per share. c. Sold equipment with a book value of $47,400 for $68,300. d. Purchased land for $436,000 cash. e. Purchased a building by paying $58,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $240,000 of bonds at 97. g. Purchased 3,300 shares of $25 par common stock as treasury stock at $48 per share. h. Paid dividends of $2.50 per share. There were 28,000 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. Effect Cash payment Cash receipt Cash receipt Cash payment ✓ Cash payment - ✓ Cash receipt ✔ ✓ ✓ g. Cash payment -✔ h. Cash payment Amount 229,000 ✓ 161,000 X 100000Statement of Cash Flows (Indirect Method)Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $7,000 Accounts receivable increase 9,800 Wages payable decrease 4,200 Amortization expense 22,400 Cash balance, January 1 42,000 Cash balance, December 31 9,800 Cash paid as dividends 8,400 Cash paid to purchase land 140,000 Cash paid to retire bonds payable at par 105,000 Cash received from issuance of common stock 63,000 Cash received from sale of equipment 16,800 Depreciation expense 54,600 Gain on sale of equipment 19,600 Inventory increase 18,200 Net income 134,400 Prepaid expenses increase 11,200 Remember to use negative signs with answers when appropriate. NEWCASTLE CORPORATIONStatement of Cash FlowsFor Year Ended December 31 Cash Flow from Operating Activities Net Income Answer Add (deduct) items to convert net income to cash basis…
- Provide Solutions with Correct AnswerThe 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 Cash flows from investing activities: -50,000 30,000 100,000 Net cash flows from investing activities 160,000 5,000 85,000 90,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) 25,000 20,000 BLUEBONNET COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $ 0Cash Flows from Financing Activities: Payment of short-term debt Payment of notes payable Proceeds from Issuance of long-term debt Proceeds from Issuance of common stock Payment of cash dividends on common stock Net cash provided by financing activities Net decrease in cash for the year Assets Cash Accounts receivable Merchandise inventory Total current assets Land Buildings Less: Accumulated depreciation Total land and buildings Total assets Liabilities Accounts payable Short-term deb HARRIS INC. Balance Sheet At December 31, 2019 Notes payable Total current liabilities Long-term debt Stockholders' Equity Common stock, no par Retained earnings Total Stockholders' Equity Total liabilities and Stockholders Equity Required A Required B Accote: Current st Cash Accounts receivable Merchandise inventory Totalcument assets Noncurent assets: Land Buildings Less: Accumulated depreciation Total noncurent assets Total assets Liabilities and stockholders' Equity: Current liabilities: Accounts…