Perrett Company provided the following information on selected transactions during 20X1:- Dividends paid to preferred stockholders: $250,000- Loans made to affiliated corporations: $700,000- Proceeds from issuing bonds: $800,000- Proceeds from issuing preferred stock: $1,050,000- Proceeds from sale of equipment: $400,000- Purchases of inventories: $1,200,000- Purchase of land by issuing bonds: $300,000- Purchases of treasury stock: $600,000The net cash provided (used) by financing activities during 20X1 is:- $1,000,000.- $1,300,000.- $550,000.- $(1,650,000).

Cash flow from Financing activities: It includes transactions relating to debt, equity, and…

Answered: Perrett Company provided 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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Tom Hanks Company had the following account activity Increase in income taxes payable $100,000 Increase in bonds payable 240,000 Sale of investments 130,000 Issuance of common stock 120,000 Payment of cash dividends 70,000 Purchased treasury stock 25,000 Net cash provided by financing activities is:
Perrett Company provided the following information on selected transactions during 20X1:The net cash provided (used) by financing activities during 20X1 is
On July 31st of the current year Bridges Industries issued $80,000 of bonds payable. The $80,000 was used to purchase $30,000 of equipment and $50,000 to purchase stock in another company. How will these transactions be reported in the statement of cash flows? Operating Section Investing Section Financing Section A. $50,000 use $30,000 use $80,000 source B. $0 $30,000 use/$50,000 use $80,000 source C. $0 $30,000 use $80,000 source/$50,000 use D. $0 $30,000 use $80,000 source/$50,000 use
During the current year, Royal Industries sold treasury stock for $32,000 cash. The treasury stock was purchased last year for $28,000. The company also issued bonds payable for $430,000 cash and declared and paid dividends of $40,000. What amount did Royal report on its statement of cash flows for cash provided by financing activities? O $390,000 O $394,000 O $422,000 O $434,000
Starlight Co. provided the following information on selected transactions during 20X1: Purchase of land $600,000 Proceeds from issuing bonds 2,000,000 Purchase of inventory 1,800,000 Purchase of treasury stock 400,000 Dividends paid to shareholders 300,000 Proceeds from issuing preferred stock 500,000 Proceeds from sale of equipment 400,000 The net cash provided (used) by investing activities during 20X1 is Question 10 options: $(200,000). $1,300,000. $(700,000). $0.
Solv
The Stancil Corporation provided the following current information: Proceeds from long-term borrowing $ 13,800 Proceeds from the sale of common stock 5,000 Purchases of fixed assets 27,500 Purchases of inventories 2,600 Payment of dividends 13,800 Determine the total cash flows spent on fixed assets and NWC, and determine the cash flows to investors of the firm. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.)
Classify the following transaction by type of cash flow activity: Issued 100,000 shares of $5 par value common stock for $800,000 cash. Seleccione una: a. Operating activity b. Noncash transaction c. Investing activity d. Financing activity
K73.
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

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