Indicate the effect, if any, that each separate transaction has on financing cash flows. (Select "No Effect" if there is no effect.)a. Long-term notes payable with a carrying value of $15,800 are retired for $17,200 cash, resulting in a $1,400 loss.b. Paid cash dividends of $11,800 to common stockholders.c. Acquired $20,800 worth of machinery in exchange for common stock.Effect on financingItemsAmountcash flowsa. Long-term notes payableb. Dividendsc. Machinery

Solution : Let us discuss the individual transactions Repayment of long term loan is a cash outflow…

Answered: Indicate the effect, if any, that each…

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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Pls help me find: 1. the net cash flow from operating activities 2. the net cash flow from financing activities 3. net cash flow from investing act
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
Only the final answer without explain
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.
Indicate the effect, if any, that each separate transaction has on financing cash flows. Note: Select "No Effect" if there is no effect. a. Long-term notes payable with a carrying value of $19,000 are retired for $22,000 cash, resulting in a $3,000 loss. b. Paid cash dividends of $15,000 to common stockholders. c. Acquired $24,000 worth of machinery in exchange for common stock. Items a. Long-term notes payable b. Dividends c. Machinery Amount Effect on financing cash flows
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.
How do I prepare a statement of cash flow's using the indirect method?
Not Graded Statement of Cash Flows (Indirect Method)Use the following information regarding the Newcastle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease $5,000 Accounts receivable increase 7,000 Wages payable decrease 3,000 Amortization expense 16,000 Cash balance, January 1 30,000 Cash balance, December 31 7,000 Cash paid as dividends 6,000 Cash paid to purchase land 100,000 Cash paid to retire bonds payable at par 75,000 Cash received from issuance of common stock 45,000 Cash received from sale of equipment 12,000 Depreciation expense 39,000 Gain on sale of equipment 14,000 Inventory increase 13,000 Net income 96,000 Prepaid expenses increase 8,000 Remember to use negative signs with answers when appropriate. NEWCASTLE CORPORATIONStatement of Cash FlowsFor Year Ended December 31 Cash Flow from Operating Activities Net Income Answer Add (deduct) items to convert net income to…
Indicate the effect, if any, that each separate transaction has on financing cash flows. Note: Select "No Effect" if there is no effect. a. Long-term notes payable with a carrying value of $15,000 are retired for $16,000 cash, resulting in a $1,000 loss. b. Paid cash dividends of $11,000 to common stockholders. c. Acquired $20,000 worth of machinery in exchange for common stock. Items a. Long-term notes payable b. Dividends c. Machinery Amount Effect on financing cash flows
Choose an answer by this following choices: A. Cash provided/used by operating activities. B. Cash provided/used by investing activities. C. Cash provided/used by financing activities. D. Not a cash flow. Given. Payment on long-term debt Issuing 3-year unsecured notes Collection of accounts receivable Issue of ordinary shares for purchase of land Writing-off obsolete inventory Depositing cash on hand with the bank Payment of employees' wages Issuing ordinary shares for cash Payment of income taxes payable Purchase of equipment for cash Paying dividends Sale of real estate held as a long-term investment
2. What amount should be reported as net cash provided by investing activities? 2,200,000 1,400,000 3,000,000 800,000 3. What amount should be reported as cash balance at year-end? 3,500,000 9,300,000 5,500,000 5,800,000
Nutrition Inc. reissued treasury stock. How would this be shown on a statement of cash flows? decrease in cash from an investing activity increase in cash from a financing activity decrease in cash from an operating activity decrease in cash from a financing activity increase in cash from an investing activity increase in cash from an operating activity Nutrition Inc. made a payment on a past due account payable. How would this be shown on a statement of cash flows? increase in cash from a financing activity decrease in cash from an operating activity increase in cash from an operating activity decrease in cash from a financing activity increase in cash from an investing activity decrease in cash from an investing activity

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