Increase in current assets other than cash P275,000 30,000 Unrealized gain on FVOCI equity investments Net income 1,882,000 Depreciation and amortization 256,000 Treasury stock acquired for cash 100,000 Carrying value of long-term debt retired 600,000 591,000 Cash paid to settle long-term debt Cash dividends paid 175,000 Equipment acquired for cash 200,000 Increase in current liabilities 122,000 The net cash flow provided by/used from operating activities for the year ended December 31, 202 provided or used)

Increase in current assets other than cash P275,000 30,000 Unrealized gain on FVOCI equity investments Net income 1,882,000 Depreciation and amortization 256,000 Treasury stock acquired for cash 100,000 Carrying value of long-term debt retired 600,000 591,000 Cash paid to settle long-term debt Cash dividends paid 175,000 Equipment acquired for cash 200,000 Increase in current liabilities 122,000 The net cash flow provided by/used from operating activities for the year ended December 31, 202 provided or used)

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 comparative balance sheets for Metlock Corporation show the following information. December 312020 2019Cash $33,500 $12,900Accounts receivable 12,400 10,000Inventory 12,100 9,000Available-for-sale debt investments –0– 3,000Buildings –0– 29,800Equipment 44,800 19,900Patents 5,000 6,300 $107,800 $90,900Allowance for doubtful accounts $3,100 $4,500Accumulated depreciation—equipment 2,000 4,500Accumulated depreciation—building –0– 6,000Accounts payable 5,000 3,000Dividends payable –0– 4,900Notes payable, short-term (nontrade) 3,000 4,100Long-term notes payable 31,000 25,000Common stock 43,000 33,000Retained earnings 20,700 5,900 $107,800 $90,900 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.2. $10,000 of the long-term note payable was paid by issuing common stock.3. Cash dividends paid were $4,900.4. On January…
10. Doric Co. reported the following items on its 2025 financial statements: View the items. Determine Doric Co.'s rate of return on total assets for 2025. Select the formula, then enter the amounts to compute the rate of return on total assets for 2025. (Round your answer to the nearest percent, X%.) + + ÷ Items = Rate of return on total assets % Total Assets, December 31, 2025 32,000 Total Assets, December 31, 2024 6,000 For Year Ended December 31, 2025: Interest Expense 600 Net Income 900 Print Done - ☑
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