Marin Inc. engaged in the following cash transactions during 2017.Sale of land$212,000Purchase of treasury stock13,000Issuance of common stock119,000Payment of cash dividends56,000Purchase of equipment97,000Retirement of bonds68,000Determine the cash flow from investing activities for 2017. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or inparenthesis e.g. (15,000).) MARIN INC.Statement of Cash Flows (Partial)>>

Cash flow statement provided information about the cash inflows and cash outflows of the…

Answered: Marin Inc. engaged in the following…

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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During 2017, Simms Company redeemed $2,000,000 ofbonds payable for $1,880,000 cash. Indicate how thistransaction would be reported on a statement of cashflows, if at all.
Use the following information to prepare the Operating Activities section of the Statement of Cash Flows WalkRight Inc. For the Year Ended December 31, 2017 $ 1,600,000 Net Income Proceeds from Issuance of Common Stock $ 1,000,000 Increase in inventory Increase in Accounts Payable 400,000 $ 250,000 Purchase of Equipment $ 1,200,000 Payment of Cash Dividend 500,000 750,000 $ Depreciaiton Expense Increase in Accounts Receivable 200,000 Payment of Mortgage 60,000 Reminder: You are being asked to prepare the Operating Activities section only. WalkRight Inc. Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities
Splish Brothers Inc. engaged in the following cash transactions during 2017. Purchase of land $120,000 Purchase of treasury stock 43,000 Issuance of preferred stock 213,000 Sale of land and buildings 268,000 Payment of cash dividends 33,000 Purchase of equipment 68,000 Retirement of bonds 309,000 Splish Brothers reported net cash provided by operating activities of $590,000. Determine Splish Brothers's free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow $
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create a statement of cash flows with the given information: Scruggs, Inc. Balance Sheet December 31, 2017 2016 Cash $17,000 $12,000 Account receivable 60,000 40,000 Inventory 84,000 70,000 Prepaid expenses 6,000 4,000 Property, Plant & Equipment 250,000 210,000 Accumulated depreciation (60,000) (48,000) $357,000 $288,000 Accounts payable $35,000 $40,000 Interest payable 3,000 4,000 Income taxes payable 22,000 12,000 Bonds payable (due in 2020) 90,000 64,000 Common Stock $5 par 95,000 80,000 Retained Earnings 112,000 88,000 $357,000 $288,000…
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Prepare a statement of cash flows for the Maness Coporation, using the infromation shown in the balance sheets. 2017 2018 Changes Assets Cash $150 $125 $(25) Accounts receiveable 350 375 25 Inventory 475 550 75 Total current assets 975 1,050 75 Gross fixed assets 2425 2750 325 Accumulated depreciation (1000) (1200) (200) Net fixed assets 1425 1550 125 TOTAL ASSETS 2400 2600…
Cash flow identity. Use the data from the following financial statements in the popup window, . The company paid interest expense of $17,100 for 2017 and had an overall tax rate of 40% for 2017. Verify the cash flow identity: cash flow from assets = cash flow to creditors + cash flow to owners The cash flow from assets is $ 24,380. (Round to the nearest dollar.) The cash flow to creditors is $ (Round to the nearest dollar.)
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Use the following excerpts from Franklin Company's statement of cash flows and other financial records. 2018 2017 Cash flows from operating activities $250,000 $227,000 Cash flows from investing activities (36,000) (37,000) Cash flows from financing activities 71,000 71,000 Capital expenditures were 50% of investing activities, both years Cash dividends paid were $20,000, both years Determine the company's free cash flow for 2018 and 2017. 2018 2017 コ Free Cash Flow Accounting numeric field %24 %24

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