The following T-account is a summary of the Cash account of Blossom Company.Balance, Jan. 1Receipts from customersDividends on stock investmentsProceeds from sale of equipmentProceeds from issuance ofbonds payableBalance, Dec. 31Cash (Summary Form)Net cash21,600982,800 Payments for goods16,20097,200540,000Payments for operating expenses 378,000Interest paid27,000Taxes paid21,600810,000 Dividends paid853,200What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amountsthat decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)108,000by financing activities $

Cash flow statement from financing activities : Cash flow from financing activities is a section of…

Answered: he following T-account is a summary of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following T-account is a summary of the Cash account of Coronado Company. Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 Cash (Summary Form) Net cash 7,000 365,700 Payments for goods 5,600 Payments for operating expenses 139,500 37,000 Interest paid 11,400 Taxes paid 500,000 Dividends paid 420,900 275,100 ✓by financing activities $ 8,300 What amount of net cash provided (used) by financing activities should be reported in the statement of cash f decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) 60,100
company purchases stock for $40,000 cash. This transaction should be shown on the statement of cash flows under Select one: a. Investing activities b. Noncash investing and financing activities c. Financing activities d. Operating activities
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
The purchase of stock of another company as an investment would appear on the statement of cash flows as an O a a. outflow of cash in the investing activities section Ob. outflow of cash in the financing activities section O c. outflow of cash in the operating activities section Od. item listed in a separate schedule of noncash investing and financing activities
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Prepare the statement of cash glows using the indirect method. Please show all work Please don't provide answer in image format thank you
The following T-account is a summary of the cash account of Shamrock Company. Cash (Summary Form) Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of bonds payable Balance, Dec. 31 16,000 728,000 Payments for goods 12,000 Payments for operating expenses 280,000 72,000 Interest paid Taxes paid 600,000 Dividends paid Net cash 632,000 provided by financing activities $ 400,000 What amount of net cash provided (used) by financing activities should be reported in the 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).) 312000 20,000 16,000 80,000
Qq.59. Subject :- Account A coporation reported cash of $15,600 and total assets of 179,900 on its balance sheet. Its commen size percent for cash equals
On May 1, Year 3, Love Corporation declared a $74,100 cash dividend to be paid on May 31 to shareholders of record on May 15. Required Record the events occurring on May 1 and May 31 in the following horizontal statements model. Also, in the Statement of Cash Flows column, classify the cash flows as operating activities (OA), investing activities (IA), or financing activities (FA). Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed. Date May 01 May 31 Assets Balance Sheet Liabilities Common Stock LOVE CORPORATION Horizontal Statements Model Retained Earnings Revenue Income Statement Expenses Net Income Statement of Cash Flows

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he following T-account is a summary of the Cas Cash (Summ 21,600 982,800 16,200 97,200 Balance, Jan. 1 Receipts from customers Dividends on stock investments Proceeds from sale of equipment Proceeds from issuance of