Lakeside Technologies sold a new issue of.... Please answer the general accounting question Lakeside Technologies sold a new issue of$500,000 of bonds at 97. Determine the effect(cash receipt or cash payment, and the amount) ofthis transaction on cash flows.

Step 1: Define Bonds Issued at DiscountWhen bonds are issued at a price below their face value (at a…

Answered: Lakeside Technologies sold a new issue…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 6DQ

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We are given the following information for Pettit Corporation. Sales (credit) Cash Inventory Current liabilities. Asset turnover Current ratio Debt-to-assets ratio Receivables turnover $4,344,000 229,000 873,000 773,000 a. Accounts receivable b. Marketable securities c. Capital assets d. Long-term debt $ $ Current assets are composed of cash, marketable securities, accounts receivable, and inventory. Calculate the following balance sheet items: ta ta ta 1.45 times 2.80 times $ $ 50 % 8 times
Vaughn Corporation had the following activities in 2025. 1.Payment of accounts payable $827,000. 2. Issuance of common stock $268,000. 3. Payment of dividends $321,000. 4. Collection of note receivable $93,000. 5. Issuance of bonds payable $549,000. 6. Purchase of treasury stock $45,000. Compute the amount Vaughn should report as net cash provided (used) by financing 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 by financing activities $
The balance sheet of Koehn, Incorporated, has the following balances: Cash Accounts receivable Inventory Beginning balance $ 30,300 48,200 126,500 611,900 Ending balance 43,200 415,000 $ 32,800 51,600 129,200 574,300 53,600 304,200 Net fixed assets Accounts payable Long-term debt What is the amount of the change in net working capital?
A corporation issued $2,000,000 of 20-year bonds for cash at 98. How would the transaction be reported on the statement of cash flows?
Paper Co. had net income of $70,000 during the year. Dividend payment was $10,000. The following information is available:What amount should Paper report as net cash provided by operating activities in its statement of cash flows for the year? Mortgage repayment Available-for-sale securities purchased Bonds payable-issued Inventory Accounts payable O $0 O $10,000 O $30,000 O $20,000 $20,000 10,000 increase 50,000 increase 40,000 increase 30,000 decrease
Use the following information to determine cash flows from financing activities. a. Issued common stock for $40 cash. b. Paid $70 cash to retire a note payable at its $70 maturity value. c. Paid cash dividend of $15. d. Paid $5 cash to acquire its treasury stock.
Use the following information to calculate the net cash provided (inflow) or used by (outflow) from financing activities for the Lulu Corporation: (a) Net income, $10,000 (b) Sold common stock for $40,000 cash (c) Paid cash dividend of $13,000 (d) Repayment of bond payable, $26,000 (e) Purchased equ for $12,000 cash (f) Issued long term mortgage notes payable for $250,000 cash. (Note: in the answer space, write only the number, with no $ signs or commas. That is, if your answer is $1,000, white it as : 1000 ). Answer:
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Augusta Company reported that its bonds with a face value of $62,000 and a carrying value of $56,000 are retired for $62,000 cash. The amount to be reported under cash flows from financing activities is:
Assume that a company repays a $300,000 loan from its bank and then later in the same year borrows $500,000. What amount(s) would appear on the statement of cash flows?
What are the correct answer for the questions 1,2,3 and 4?

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Lakeside Technologies sold a new issue of $500,000 of bonds at 97. Determine the effect (cash receipt or cash payment, and the amount) of this transaction on cash flows.