In 2025, Nash Inc. issued 800 shares of $10 par value common stock for land worth $47,500. (a) (b) (c) Indicate how the transaction is reported on 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).) NASH INC. Statement of Cash Flows (Partial) $

In 2025, Nash Inc. issued 800 shares of $10 par value common stock for land worth $47,500. (a) (b) (c) Indicate how the transaction is reported on 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).) NASH INC. Statement of Cash Flows (Partial) $

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 15GI: Jordan Company recognized a 5,000 unrealized holding gain on investment in Starbuckss common stock...

See similar textbooks

Similar questions

In 2020, Pharoah Inc. issued 1,000 shares of $10 par value common stock for land worth $40,600.(a) Prepare Pharoah’s journal entry to record the transaction. (b) Indicate the effect the transaction has on cash. select an effect DecreaseIncreaseNo Effect (c) Indicate how the transaction is reported on the statement of cash flows.
The Q Ltd.provides the following information about its activities in the year 2021.Marketable securities purchased: $45,000Treasury stock purchased: $56,000Inventory purchased: $412,000Land sold: $95,000Machinery purchased: $278,000Common stock issued: $168,000Compute net cash provided by investing activities to be reported in the statement of cash flows of Q Ltd.
In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collected the following information: ($ in millions)Fair value of shares issued in a stock dividend $ 65Payment for the early extinguishment oflong-term bonds (book value: $97 million) 102Proceeds from the sale of treasury stock (cost: $17 million) 22Gain on sale of land 4Proceeds from sale of land 12Purchase of Microsoft common stock 160Declaration of cash dividends 44Distribution of cash dividends declared in 2020…
Swifty Corporation purchased treasury stock with a cost of $38500 during 2022. During the year, the company paid dividends of $14000 and issued bonds payable for proceeds of $613200. Cash flows from financing activities for 2022 total $637700 net cash inflow. $52500 net cash outflow. O $560700 net cash inflow. O $599200 net cash inflow.
Oriole Company purchased treasury stock with a cost of $68200 during 2022. During the year, the company paid dividends of $24800 and issued bonds payable for proceeds of $1086200. Cash flows from financing activities for 2022 total $93000 net cash outflow. $993200 net cash inflow. $1129600 net cash inflow. $1061400 net cash inflow.
In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collected the following information: ($ in millions) $ 68.0 Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $81.0 million) Proceeds from the sale of treasury stock (cost: $17.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2020 86.0 22.0 2.6 7.8 142.0 51.0 47.0 Required: 1. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2021? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should
In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collected the following information: ($ in millions) $ 68.0 Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $81.0 million) Proceeds from the sale of treasury stock (cost: $17.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2020 86.0 22.0 2.6 7.8 142.0 51.0 47.0 2. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2021? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).)
In 2020, Stark Company Inc. had the following cash transactions: Issuance of common stock $175,000 $62,500 Sale of land Payment of dividends to stockholders $20,000 Sale of investments $78,750 Sale of treasury stock $70,000 Payment of long-term note payable $250,875 Net cash provided by (used in) Financing activities is: O ($25,875) O ($145,875) O ($5,875) O $141,250
Windsor, Inc. had the following transactions during 2022:1. Issued $215000 of par value common stock for cash.2. Recorded and paid wages expense of $103200.3. Acquired land by issuing common stock of par value $86000.4. Declared and paid a cash dividend of $17200.5. Sold a long-term investment (cost $5160) for cash of $5160.6. Recorded cash sales of $688000.7. Bought inventory for cash of $275200.8. Acquired an investment in Zynga stock for cash of $36120.9. Converted bonds payable to common stock in the amount of $860000.10. Repaid a 6-year note payable in the amount of $378400.What is the net cash provided by operating activities? $524600. $498800. $412800. $309600.
Wainwright Corporation had the following activities in 2025. 1. Sale of land $180,000. 4. Purchase of equipment $415,000. 2. Purchase of inventory $845,000. 5. Issuance of common stock $320,000. 3. Purchase of treasury stock $72,000. 6. Purchase of available-for-sale debt securities $59,000. Compute the amount Wainwright should report as net cash provided (used) by investing 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 used by investing activities +A $
Pina Colada Corp. had the following transactions during 2022:1. Issued $302500 of par value common stock for cash.2. Recorded and paid wages expense of $145200.3. Acquired land by issuing common stock of par value $121000.4. Declared and paid a cash dividend of $24200.5. Sold a long-term investment (cost $7260) for cash of $7260.6. Recorded cash sales of $968000.7. Bought inventory for cash of $387200.8. Acquired an investment in Zynga stock for cash of $50820.9. Converted bonds payable to common stock in the amount of $1210000.10. Repaid a 6-year note payable in the amount of $532400.What is the net cash provided by financing activities? $1464100. $(254100). $278300. $955900.
Nash's Trading Post, LLC had the following transactions during 2022:1. Issued $185000 of par value common stock for cash.2. Recorded and paid wages expense of $88800.3. Acquired land by issuing common stock of par value $74000.4. Declared and paid a cash dividend of $14800.5. Sold a long-term investment (cost $4440) for cash of $4440.6. Recorded cash sales of $592000.7. Bought inventory for cash of $236800.8. Acquired an investment in Zynga stock for cash of $31080.9. Converted bonds payable to common stock in the amount of $740000.10. Repaid a 6-year note payable in the amount of $325600.What is the net cash provided by operating activities? $451400. $266400. $355200. $429200.