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
Preparing the Cash Flow from Financing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 42,000 Sold equipment for cash, previously used in operations 35,000 Paid cash for dividends 14,000 Issued common stock for cash 140,000 Retired a 10-year bond payable by repaying the face value at maturity 112,000 Sold investment in equity securities (held for one-year) 15,400 Borrowed cash by signing a nine-month note payable 21,000 Extended a loan to a customer for a building expansion 11,200 Use a negative sign with your answer to indicate a cash outflow, if applicable. Calculate net cash from financing activities for the year ended December 31, 2020. Answer
The following is an extract from the financial statements of Pompeii at 31 October: 20X7 20X6 $00 $000 Equity and liabilities: Share capital 120 80 Share premium 60 40 Retained earnings 85 68 265 188 Non-current liabilities: Bank loan 100 150 365 338 What Pompeii's net cash inflow or outflow from financing activities to include in the statement of cash flows for the year ended 31 October 20X7?
What is the firm's cash flow from financing?
Preparing the Cash Flow from Investing Activities Section Gomez Corp. reported the following items for the year ended December 31, 2020. Item Dec 31, 2020 Purchased an investment in debt securities (long-term) for cash $ 12,000 Sold equipment for cash, previously used in operations 10,000 Paid cash for dividends 4,000 Issued common stock for cash 40,000 Retired a 10-year bond payable by repaying the face value at maturity 32,000 Sold investment in equity securities (held for one-year) 4,400 Borrowed cash by signing a nine-month note payable 6,000 Extended a loan to a customer for a building expansion 3,200 Use a negative sign with your answer to indicate a cash outflow, if applicable. Calculate net cash from investing activities for the year ended December 31, 2020. Answer
Sunland Co. reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Purchase of treasury stock Payments of debt Sunland's free cash flow is $192000. $292000. $62000. O $16000. $422000 314000 214000 130000 230000 23000 72000
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, what was net cash flow from investing activities for 2023?
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:

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