PipCo financial statements included the following amounts for the current year:Retired preferred stockLoaned cash to key supplierDividends paidSold used delivery truck$60,00017,00025,00044,00075,000Issued new bondsBased on this information, what is the amount of net cash flows from financing activities?A. $10,000 net outflowB. $15,000 net outflowOC. $92,000 net inflowD. $10,000 net inflow

We determine the net cash flows from financing activities by considering the following items from…

Answered: PipCo financial statements included the…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 32BE

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Tidwell Company experienced the following during 20X1: a. Sold preferred stock for 480,000. b. Declared dividends of 150,000 payable on March 1, 20X2. c. Borrowed 575,000 from a bank on a 2-year note. d. Purchased 80,000 of its own common stock to hold as treasury stock. e. Repaid 5-year bonds issued for 400,000 that mature and are due in December. Required: Prepare the net cash from financing activities section of the statement of cash flows.
Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired 500,000 of bonds, on which there was 4,000 of unamortized discount, for 510,000. b. Sold 20,000 shares of 5 par common stock for 30 per share. c. Sold equipment with a book value of 68,900 for 72,400. d. Purchased land for 825,000 cash. e. Purchased a building by paying 30,000 cash and issuing a 570,000 mortgage note payable. f. Sold a new issue of 400,000 of bonds at 98. g. Purchased 10,000 shares of 10 par common stock as treasury stock at 22.50 per share. h. Paid dividends of 1.25 per share. There were 1,000,000 shares issued and 180,000 shares of treasury stock.
Please show calculation
What is the firm's cash flow from financing?
Category. Prior Year Current Year Accounts payable ??? ??? Accounts receivable 320,715 397,400 Accruals 40,500 33,750 Additional paid in capital 500,000 541,650 Cash 17,500 47,500 Common Stock 94,000 105,000 COGS 328,500 429,735.00 Current portion long-term debt 33,750 35,000 Depreciation expense 54,000 55,152.00 Interest expense 40,500 42,662.00 Inventories 279,000 288,000 Long-term debt 339,349.00 400,985.00 Net fixed assets 946,535 999,000 Notes payable 148,500 162,000 Operating expenses (excl. depr.) 126,000 161,641.00 Retained earnings 306,000 342,000 Sales 639,000 848,846.00 Тахes 24,750 47,931.00
Given the data in the following table, accounts receivable in 2023 was…
Ratio Analysis Presented below are summary financial data from Porter's annual report: Amounts in millions Balance Sheet Cash and Cash Equivalents Marketable Securities Accounts Receivable (net) Total Current Assets Total Assets Current Liabilities Long-Term Debt- Shareholders' Equity Income Statement Interest Expense Net Income Before Taxes b. Quick ratio $1,850 19,100 9,367 39,088 123,078 38,450 7,279 68,278 Calculate the following ratios: (Round to 2 decimal points) a. Times-interest-earned ratio c. Current ratio 400 14,007
Financing Activities on the Statement of Cash Flows Cosmat Inc. reported net income of $128,000 for 20Y9. The liability and equity accounts from the company’s comparative balance sheet are as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Accounts payable $57,920 $53,810 Dividends payable 20,000 16,000 Bonds payable 290,000 450,000 Common stock, $10 par value 180,000 120,000 Paid-in capital in excess of par—common stock 328,000 232,000 Retained earnings 488,000 375,000 During the year, the company retired bonds payable at their face amount, declared dividends of $15,000, and issued 6,000 shares of common stock for $26 per share. Prepare the Cash Flows from (used for) Financing Activities section of the statement of cash flows. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments. Cosmat Inc.Statement of Cash Flows (partial) Cash flows from (used for)…
Financing Activities on the Statement of Cash Flows Cosmat Inc. reported net income of $128,000 for 20Y9. The liability and equity accounts from the company's comparative balance sheet are as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Accounts payable $57,920 $53,810 Dividends payable 20,000 16,000 Bonds payable 290,000 450,000 Common stock, $10 par value 180,000 120,000 Paid-in capital in excess of par-common stock 328,000 232,000 Retained earnings 488,000 375,000 During the year, the company retired bonds payable at their face amount, declared dividends of $15,000, and issued 6,000 shares of common stock for $26 per share. Prepare the Cash Flows from (used for) Financing Activities section of the statement of cash flows. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or aný negative adjustments. Cosmat Inc. Statement of Cash Flows (partial) Cash flows from (used for) financing activities:
What is the firm's cash flow from operations?
Hy9vKm0jUnAg/formResponse?plis1 Consider the following statement of cash flows for Chicken Fil-A company. (in thousands) Cash flows from operating activities (CFO): 2020 2019 Net income Adjustments to reconcile net income to CFO: $8,100 $6,800 Depreciation and amortization 3,100 1,600 Deferred income taxes Other non-cash items 900 700 (600) (700) (Increase) decrease in operating assets and liabilities: Accounts receivable (7,800) (2,300) (2,100) (900) (1,300) Inventories 1,700 Other current assets 2,000 Accounts payable Income taxes payable Accrued liabilities 4,100 (800) 400 1,700 700 Net CFO 1,500 13.800 Cash flows from investing activities: Purchases of property and equipment Net cash used by investing activities Cash flows from financing activities: Proceeds from common stock sales (800) (800) (1,200) (1,200) 4,600 (1,100) (3,300) 4,700 100 Proceeds (repayments) of short-term debt Repayment of long-term debt Net cash provided by financing activities (200) 4.600 5,300 200 12,800 Net…
Calculate the dividend payout ratio.

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