Lucas Company recorded the following events last year: Repurchase by Lucas of its own common stock $23,000 Sale of long-term investment $42,000 Interest paid to lenders $6,500 Dividends paid to the company's shareholders $52,000 Collection by Lucas of a loan made to another company $23,000 Payment of taxes to governmental bodies $14,000 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, determine the net cash provided by (used in) investing activities on the statement of cash flows.

The following events occurred last year at Dorder Corporation: Purchase of plant and equipment Sale of long-term investment $ 45,000 Depreciation expense $ 24,000 Dividends received on long- $ 9,000 term investments Paid off bonds payable $ 12,000 $ 32,000 Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be:

Moore Company is preparing its statement of cash flows for the current year. During the year, the company retired two issuances of debt and properly recorded the transactions. These transactions were as follows: Paid cash of $12,700 to retire bonds payable with a face value of $15,000 and a book value of $13,300. Paid cash of $48,000 to retire bonds payable with a face value of $45,000 and a book value of $47,000. Required: Record, in journal entry form, the entries that Moore would make for the preceding transactions on its spreadsheet to prepare its statement of cash flows. If an amount box does not require an entry, leave it blank.

Trident Corporation had the following cash flows in the current year. Which of the following will be categorized under the financing activities section of the statement of cash flows? O Purchase of $125,000 worth of five-year bonds issued by Towson Utilities O Rent on a warehouse amounting to $1.1 million O Lease income received on a piece of land O Preferred dividends of $330,000 paid to shareholders

Preparing the Operating Activities Section The following items are relevant to the preparation of a statement of cash flows for Maxwell Inc. 1. Net loss for the year was $28,000. Depreciation expense was $70,000. 2. Wrote off a $5,600 account. During the year, gross accounts receivable increased $140,000, and the allowance for doubtful accounts increased $14,000. All sales of $840,000 are on account. 3. Pension expense is $140,000 while funding for the pension plan was $112,000. 4. Deferred tax liability increased $112,000, income taxes payable decreased $28,000, and income tax expense was $308,000. 5. $28,000 of interest was capitalized. Interest expense is $140,000. There is no change in interest payable. 6. Sold short-term investments (not held in a trading account) at a $5,600 gain, proceeds $22,400. 7. Merchandise inventory decreased by $14,000, accounts payable decreased by $7,000, and salaries payable increased by $19,600. Required Prepare the reconciliation of net income with…

ORANGE Corporation reported net income of P 3,000,000 for 2021. Changes occurred in several balance sheet accounts during 2021 as follows: Investment in associate, carried at equity - P 400,000 increase; Premium on bonds payable - P 50,000 decrease; Accumulated depreciation caused by major repair of equipment - P 200,000 decrease; Deferred tax liability - P 150,000 increase. In its 2021 statement of cash flows, how much should be reported as net cash provided (used) by operating activities?

The information is taken from the records of Paul Company for 2020: Payment of dividends $4,000 Increase in accounts payable 15,000 Increase in accounts receivable 19,000 Decrease in inventories 6,000 Decrease in salaries payable 14,000 Net income 20,000 Payment for purchase of land and buildings 60,000 Issuance of ten-year bonds payable at par 50,000 Depreciation expense 10,000 Required: Prepare the cash flows from operating activities section of Paul Company's 2020 statement of cash flows using the indirect method. Enter amounts that represent cash outflows as negative numbers. Paul Company Statement of Cash Flows (Partial) For Year Ended December 31, 2020 Operating Activities: Net income Adjustments for differences between net income and cash flows from operating activities: Add: Depreciation expense Net cash provided by operating activities

The information is taken from the records of Paul Company for 2020: Payment of dividends $4,000 Increase in accounts payable 15,000 Increase in accounts receivable 19,000 Decrease in inventories 6,000 Decrease in salaries payable 14,000 Net income 20,000 Payment for purchase of land and buildings 60,000 Issuance of ten-year bonds payable at par 50,000 Depreciation expense 10,000 Required: Prepare the cash flows from operating activities section of Paul Company's 2020 statement of cash flows using the indirect method. Enter amounts that represent cash outflows as negative numbers. Paul Company Statement of Cash Flows (Partial) For Year Ended December 31, 2020 Operating Activities:     $fill in the blank 2 Adjustments for differences between net income and cash flows from operating activities:     fill in the blank 4   fill in the blank 6   fill in the blank 8   fill in the blank 10   fill in the blank 12 Net cash provided by operating…

Kela corporation reports net income of 570,000 that includes depreciation expense of 77,000 also cash of 47,000 it was borrowed on a three year note payable based on the data total cash inflows operating activities are

During 2010, Arizona Company issued $500,000 in long-term bonds at 96, repaid $75,000 of bonds at face value, paid interest of $40,000, and paid dividends of $25,000. Prepare the cash flows from the financing activities section of the statement of cash flows.