Given the following cash transactions relating to Weatherford Company,what is the net cash flows from investing activities, using the directmethod?Beginning cash balance is $83,600 and ending cash balance is $20,000.. Cash received from customers $38,000. Interest received $2,050• Purchase of 100,000 shares of common stock from Definite Company, forcash $100,000• Paid cash for merchandise $30,000Received $18,700 for selling treasury stock●Received cash for selling old equipment $7,650O $(92,350)O $107,650O $7,650O $9,700O $(90,300)Question 8Given the following cash transactions relating to Weatherford Company,what is the net cash flows from financing activities, using the directmethod?Beginning cash balance is $83,600 and ending cash balance is $20,000.• Cash received from customers $38,000• Interest received $2,050●Purchase of 100,000 shares of common stock from Definite Company, forcash $100,000• Paid cash for merchandise $30,000Received $18,700 for selling treasury stock• Received cash for selling old equipment $7,650O $18,700O $20,750O $(81,300)O $(100,000)O $(79,250)

Name: Given the following cash transactions relating to Weatherford Company
Uploaded: 2024-03-05T11:47:04.000Z
Channel: Bartleby
Description: Given the following cash transactions relating to Weatherford Company,what is the net cash flows from investing activities, using the directmethod?Beginning cash balance is $83,600 and ending cash balance is $20,000.. Cash received from customers $3

Business

Accounting

Given the following cash transactions relating to Weatherford Company, what is the net cash flows from investing activities, using the direct method? Beginning cash balance is $83,600 and ending cash balance is $20,000. • Cash received from customers $38,000 ● Interest received $2,050 Purchase of 100,000 shares of common stock from Definite Company, fa cash $100,000 Paid cash for merchandise $30,000 • Received $18,700 for selling treasury stock • Received cash for selling old equipment $7,650 O $(92,350) O $107,650 O $7,650 $9,700

Given the following cash transactions relating to Weatherford Company, what is the net cash flows from investing activities, using the direct method? Beginning cash balance is $83,600 and ending cash balance is $20,000. • Cash received from customers $38,000 ● Interest received $2,050 Purchase of 100,000 shares of common stock from Definite Company, fa cash $100,000 Paid cash for merchandise $30,000 • Received $18,700 for selling treasury stock • Received cash for selling old equipment $7,650 O $(92,350) O $107,650 O $7,650 $9,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following summary transactions occurred during the year for Petunia. 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 $384,000 8,000 54,000 34,000 104,000 Required: Calculate net cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from financing activities: 164,000 7,000 89,000 94,000 27,000 1,000 PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Net cash flows from financing activities
Please don't provide answer in image format thank you. a company Statement of Cash Flows includes the following cash transactions, sales 1,250,000 inventory purchase -750 000 property and equipment purchase -280,000 interest payment on long term debt -25,000 payment of wages - 315,000 payment of rent is. -40,000. Borrowing long term debt is 200,000 payment of cash dividends. -15,000 repurchase of treasury stock -40,000 total cash was - 5000 What is the total cash flow from investing activities? 310,000 325,000 55,000 280,0000
A company had the following cash flow activities during the year: Cash Inflows Cash OutflowsIssue common stock $75,000 Purchase equipment $180,000Sell inventory to customers 86,000 Purchase inventory 38,000Issue notes payable 53,000 Purchase treasury stock 40,000Sell land 98,000 Repay notes payable 30,000Earn interest on investments 2,000 Pay salaries 39,000Sell patent 61,000 Pay dividends 15,000Required:Calculate net cash flows from (a) operating activities, (b) investing activities, and (c) financing activities. (d) Assuming the balance of cash at the beginning of the year is $53,000, calculate the ending balance of cash. How would your answers change if the common stock was issued for $80,000 and the equipment was purchased for $170,000?
For Exercise 16-2, note (1) the section of the statement the transaction would impact (0,l or F), (2) whether it is an inflow or outflow and (3) the cash amount that would be reported EXERCISE 16-2 Effect of transactions on cash flows State the effect (cash receipt or payment and amount) of each of the following tra actions, considered individually, on cash flows: trans a. Sold 5,000 shares of $30 par common stock for $45 per share. b. Sold equipment with a book value of $42,500 for $41,000. c. Purchased land for $120,000 cash. d. Purchased 5,000 shares of $30 par common stock as treasury stock at $50 per share e. Sold a new issue of $100,000 of bonds at 101. f. Paid dividends of $1.50 per share. There were 30,000 shares issued and 5,00 shares of treasury stock. g. Retired $500,000 of bonds, on which there was $2,500 of unamortized discount for $501,000. h. Purchased a building by paying $30,000 cash and issuing a $90,000 mortgage noe payable. Objective 1 /b. Cash receipt, $41,000
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.
A company reported net income of $250,000. Beginning balances in Accounts Recelvable and Accounts Payable were $20,000 and $21,000 respectively. Ending balances in these accounts were $10,500 and $29,000, respectively. Assuming that all relevant information has been presented, what is the company's net cash flows from operating activities? Multiple Cholce $259,500. $232,500. $267,500. $250,000.
Statement of Cash Flows The comparative balance sheet of Orange Angel Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, Dec. 31, 20Y8 20Y7 Cash Accounts receivable (net) Merchandise inventory Assets Prepaid expenses Equipment Accumulated depreciation-equipment Total assets Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Excess of paid-in capital over par Retained earnings Total liabilities and stockholders' equity $53,650 $66,100 82,440 89,100 117,780 110,440 4,800 3,350 239,920 197,870 (62,380) (48,530) $436,210 $418,330 $91,600 0 14,000 203,000 127,610 $436,210 $87,430 125,500 9,000 118,000 78,400 $418,330 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: a. Net income, $125,980. b. Depreciation reported on the income statement, $30,270. c. Equipment was purchased at a cost of $58,470, and fully depreciated…
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: 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.
Based on the following information, compute cash flows from financing activities under GAAP. Purchase of investments $ 210 Dividends paid 1,160 Interest paid 360 Additional borrowing from bank 2,600
22 Independent support inc issued a common stock for 490,000 in cash. The company declared and paid dividends of 48,000 and purchased treasury stock at 24,000. The financing section of the statement of cash flows will report net cash provided by financing activities of a. 442,000 B.514,000 C. 490,000 D.418,000
In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: ($ in millions) Purchase of treasury bills (considered a cash equivalent) 6.6 Sale of preferred stock 150.6 Gain on sale of land 4.6 Proceeds from sale of land 25.6 Issuance of bonds payable for cash 140.6 Purchase of equipment for cash 30.6 Purchase of GE stock 35.6 Declaration of cash dividends 134.6 Payment of cash dividends declared in previous year 130.6 Purchase of treasury stock 120.6 Payment for the early extinguishment oflong-term notes (carrying (book) value: $100 million) 110.6 Required:1. Prepare the investing activities section of D-Rose's statement of cash flows.2. Prepare the financing activities section of D-Rose's statement of cash flows.(For all requirements, list any cash outflow with a minus sign. Enter your answer in millions rounded to 1 decimal…
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 100000