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

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04-Principles of Management Acco My courses / BUSS 104-1-20202 / MAKEUP TEST SCHEDULED FOR Thursday 6th st (06-05-2021 from 11:00 to 12: Noon) If a company purchased avalaible for sale securities with cash, this would be reported on the statement of cash flows as? Select one: in O a. Financing Activities cash outflow O b. Investing Activities cash outflow O c. Financing Activities cash inflow d. Operating activities cash outflow Clear my choice Next page page
Cash received from long-term notes payable Purchase of investments Cash dividends paid Interest paid Financing Activities $ 56,000 14, 200 Compute cash flows from financing activities using the above company information. Note: Amounts to be deducted should be indicated by a minus sign. $ 45,600 22,800 0
3
Shim Company presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from Shim's Year 2 and Year 1 year-end balance sheets. Account Title Year 2 Year 1 $31,297 1,496 249 Accounts receivable $37,556 Prepaid rent 1,309 Interest receivable Accounts payable Salaries payable 199 10,537 2,930 3,215 12,644 3,348 Unearned revenue 4,287 The income statement reported a $1,170 gain on the sale of equipment, an $750 loss on the sale of land, and $3,700 of depreciation expense. Net income for the period was $53,353. Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities: Plus: Less: Net cash flow from operating activities
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
The following T-account is a summary of the Cash account of Lily 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 Net cash 7,400 368,400 Payments for goods 297,800 6,200 Payments for operating expenses 140,700 36,900 Interest paid 11,200 Taxes paid 499,700 Dividends paid 400,700 8,300 What amount of net cash provided (used) by financing activities should be reported in the statement of cash flows? (Show amount that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) provided by financing activities $ 59,900
Prepare the statement of cash glows using the indirect method. Please show all work Please don't provide answer in image format thank you
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
Journal entries to record cash dividends are made on the: Select one: a. Declaration date and payment date. b. Declaration date and record date. c. Record date and payment date d. Payment date only e. Declaration date, record date, and payment date
223. Subject : - Accounting
Create a comparative financial statement from the following:
The comparative balance sheets for Larkspur Corporation appear below: LARKSPUR CORPORATION Comparative Balance Sheet Cash Accounts receivable (net) Prepaid insurance Land Equipment Accumulated depreciation Liabilities and Stockholder's Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholder's equity Additional information: 1. 2 3. 4. Total assets 5. 6. Cash Flows from Operating Activities Net Income/(Loss) Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Loss on Disposal of Plant Assets Increase in Accounts Receivable Proceeds from the Sale of Land Increase in Accounts Payable LARKSPUR CORPORATION Statement of Cash Flows For the Year Ended December 31, 2022 v Assets v ✓ 2022 ✓ $58,000 85,000 27,800 19,500 70,500 (19,100 ) $241,700 $19,700 Net loss for 2022 is $12,000. Net sales for 2022 are $320,000. Cash dividends of $16.200 were declared and paid in 2022. Land was sold for cash at a…

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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