Metlock Inc. engaged in the following cash transactions during 2017.Sale of land$ 194,000Purchase of treasury stock33,000Issuance of common stock116,000Payment of cash dividends57,000Purchase of equipment107,000Retirement of bonds73,000Determine 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).) Determine 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).)METLOCK INC.Statement of Cash Flows (Partial)$>>

Introduction: Statement of cash flows: All cash in and outflows are shown in cash flow statement. It…

Answered: Metlock Inc. engaged in the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Windsor, Inc. had the following transactions during 2022:1. Issued $215000 of par value common stock for cash.2. Recorded and paid wages expense of $103200.3. Acquired land by issuing common stock of par value $86000.4. Declared and paid a cash dividend of $17200.5. Sold a long-term investment (cost $5160) for cash of $5160.6. Recorded cash sales of $688000.7. Bought inventory for cash of $275200.8. Acquired an investment in Zynga stock for cash of $36120.9. Converted bonds payable to common stock in the amount of $860000.10. Repaid a 6-year note payable in the amount of $378400.What is the net cash provided by operating activities? $524600. $498800. $412800. $309600.
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 $
Statement of Cash FlowPresented below are the financial statements for the Amphlett Corporation, as of year-end 2012 and 2013. AMPHLETT CORPORATIONConsolidated Balance Sheets As of Year-End ($ thousands) 2013 2012 Assets Current Cash $18,000 $108,000 Marketable securities 240,000 - Accounts receivable (net) 708,000 528,000 Inventory 720,000 738,000 Total current assets 1,686,000 1,374,000 Noncurrent Long-term investments 372,000 468,000 Property & equipment 2,160,000 1,320,000 Less: Accumulated depreciation (600,000) (600,000) Property & equipment (net) 1,560,000 720,000 Intangibles (net) 114,000 126,000 Total noncurrent assets 2,046,000 1,314,000 Total assets $3,732,000 $2,688,000 Liabilities & Shareholders' Equity Accounts payable $1,080,000 $1,020,000 Short-term bank debt 228,000 - Total liabilities 1,308,000 1,020,000…
The following summary transactions occurred during the year for Daisy. Cash received from: Collections from customers $386,000 Interest on notes receivable 9,000 Collection of notes receivable 56, 000 Sale of investments 33,000 Issuance of notes payable 106,000 Cash paid for: Purchase of inventory 166, 000 Interest on notes payable 8,000 Purchase of equipment 91,000 Salaries to employees 96,000 Payment of notes payable 28,000 Dividends to shareholders 1,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Bonita Company issued common stock for proceeds of $376000 during 2020. The company paid dividends of $73000 and issued a long-term note payable for $98000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $16000. The financing section of the statement of cash flows will report net cash inflows of $360000. O $287000. O $465000. O $303000.
Using the Financial Statements below Calculate the Free Cash flows for RPI , Inc for the year ended December 31, 2011 from an Asset perspective Calculate the Free Cash flows for RPI , Inc for the year ended December 31, 2011 from a Finance perspective ASSETS 2010 2011 LIABILITIES & EQUITY 2010 2011 Cash 12000 12750 Accounts Payables 36,000 41250 Marketable Securities 5250 5400 Notes Payables 12,000 9750 Accounts Receivables 31500 28500 Accruals 2,250 1875 Inventory 37500 69750 Tax Payable 2,250 1875 Prepaid Rent 900 825 Total Current Liabilities 52,500 54,750 Total Current Assets 87150 117225 Long Term Debt 120,000 112500 Net Plant & Equipment 214500 217500 Common Stockholders’ Equity 129150 167475 Total Assets 301650 334725 Total Liabilities and Equity 301,650 334,725 Sales 525000 Less: Cost of Goods Sold 375000 Gross…
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…
Bloom Corporation had the following 2017 income statement. Check the below image for income statements. The following accounts increased during 2017: Accounts Receivable $12,000, Inventory $11,000, and Accounts Payable $13,000.Prepare the cash flows from operating activities section of Bloom’s 2017 statement of cash flows using the direct method.
The Davidson Corporation's balance sheet and income statement are provided here. Davidson Corporation: Balance Sheet as of December 31, 2021 (millions of dollars) Assets Liabilities and Equity Cash and equivalents $ 20 Accounts payable $ 140 Accounts receivable 475 Accruals 310 Inventories 890 Notes payable 225 Total current assets $ 1,385 Total current liabilities $ 675 Net plant and equipment 2,560 Long-term bonds 1,500 Total liabilities $ 2,175 Common stock (100 million shares) 270 Retained earnings $ 1,500 Common equity $ 1,770 Total assets $ 3,945 Total liabilities and equity $ 3,945 Davidson Corporation: Income Statement for Year Ending December 31, 2021 (millions of dollars) Sales $ 8,500 Operating costs excluding depreciation and amortization 5,650 EBITDA $ 2,850 Depreciation and amortization 500 EBIT $ 2,350 Interest 230 EBT $ 2,120…
chill Company purchased treasury stock with a cost of $216,000 during 2020. During the year, the company paid dividends of $220,000 and issued bonds payable for proceeds of $650,000. Cash flows from financing activities for 2020 total a. $214,000 net cash inflow. b. $256,000 net cash inflow. c. $260,000 net cash outflow. d. $244,000 net cash inflow.
Odessa Company uses the indirect method to prepare its statement of cash flows. Please refer to the following information extracted from the comparative balance sheet for the company. 20182017 Increase/(decrease) Accounts payable $35,000$52,000($17,000)Accrued liabilities 18,00010,000$8,000Long-term notes payable 168,000180,000($12,000)Total liabilities $221,000 $242,000 ($21,000)Common stock 100,00061,000$39,000Retained earnings 226,000148,000$78,000Treasury stock (18,500)(12,400)($6,100)Total equity $307,500 $196,600 $110,900Total liabilities and equity $528,500 $438,600 $89,900Additional information provided: •Dividend paid for 2018 amounted to $12,500. •Net income for 2018 was $98,000 •During 2018, the company repaid $80,000 of long-term notes payable. •During 2018, the company borrowed $68,000 on a new note payable •There were no stock retirements during 2018. Requirement:Using the indirect method, prepare a schedule for the financing section (only) of the statement of cash flows…
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.

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Metlock Inc. engaged in the following cash transactions during 2017. Sale of land $ 194,000 Purchase of treasury stock 33,000 Issuance of common stock 116,000 Payment of cash dividends 57,000 Purchase of equipment 107,000 Retirement of bonds 73,000