Question 3: KLM Co. had the following information in 2020: Issuance of common stock 32000 Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of long Term Assets Decrease in Accounts receivable Purchase of short term investment Increase of prepaid expenses Purchase of land Net Profit Depreciation Amortization 15000 21000 55000 29000 24000 17000 12000 15000 50000 37800 18500 9500

Question 3: KLM Co. had the following information in 2020: Issuance of common stock 32000 Payment of dividends Bank loan repaid Purchase of equipment Issuance of bonds payable Sale of long Term Assets Decrease in Accounts receivable Purchase of short term investment Increase of prepaid expenses Purchase of land Net Profit Depreciation Amortization 15000 21000 55000 29000 24000 17000 12000 15000 50000 37800 18500 9500

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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Question 3: KLM Co. had the following information in 2020: Issuance of common stock 32000 Payment of dividends 15000 Bank loan repaid 21000 Purchase of equipment 55000 Issuance of bonds payable 29000 Sale of long Term Assets 24000 Decrease in Accounts receivable 17000 Purchase of short term investment 12000 Increase of prepaid expenses 15000 Purchase of land 50000 Net Profit 37800 Depreciation 18500 Amortization 9500 Prepare cash flows statement, use indirect method for operating cash flow.
Below are the Statement of Financial Position of Malibu Finance Inc for the year 2020. Statement of Financial position 2020 Asset Cash P1,100,000.00 AR P1,027,000.00 Prepaid insurance P15,000.00 Marketable securities P600,000.00 Merchandise inventory P600,000.00 Furniture and fixtures [net] P350,000.00 Land $900,000.00 Building [net] $3,250,000.00 Total assets #7,842,000.00 Liabilities and Equity AP P1,530,000.00 Notes Payable (due in 6 months) P600,000.00 Bonds payable due in 5 years P500,000.00 Total liabilities P2,630,000.00 Shareholders Equity Ordinary shares $4,000,000.00
ABC Co. had the following activities in 2020: Issue of Common stock OMR 25000 Increase in receivables OMR 15000 Decrease in Land OMR 25000 Payment of Bank Loan OMR 12000 Sale of Building OMR 19000 Payment of Dividend OMR 10000 Purchase of equipment OMR 12000 Purchase of Treasury shares OMR 5000 Issue of Bonds OMR 30000 What is the cash flows from financing activities? Select one: a. OMR 38000 O b. None of the options O c. OMR 28000 O d. OMR 34000
Suppose the following items were taken from the 2025 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term) Debt investments (short-term) 1,620 Income taxes payable Cash Current Assets $2,100 150 6,070 Cash 700 140 1,200 Accumulated depreciation-equipment $2,890 Accounts payable 1,770 2,160 Patents Notes payable (long-term) Retained earnings Accounts receivable Inventory Prepare a classified balance sheet in good form as of December 31, 2025. (List Current Assets in order of liquidity. Enter amounts in millions.) TEXAS INSTRUMENTS, INC. Balance Sheet December 31, 2025 710 (in millions) Assets 7.260 1,900 1,070 1200
Suppose the following items were taken from the 2022 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock Prepaid rent Equipment Stock investments (long-term) Debt Investments (short-term) Income taxes payable Cash $2.826 164 6,705 637 1,743 128 1,182 Accumulated depreciation-equipment Accounts payable Patents Notes payable (long-term) Retained earnings Accounts receivable V Inventory TEXAS INSTRUMENTS, INC. Balance Sheet (in millions) Assets $3.547 1,459 2,210 Prepare a classified balance sheet in good form as of December 31, 2022. (List Current Assets in order of liquidity) $ 810 6,896 1,823 1,202 Liabilities and Stockholders' Equity $ $ $ $
Following information relate to Hawke Ltd for the financial year ended 2020 Hawke Ltd Statement of Financial position As at 30 June 2020 2020 2019 Assets Cash at bank 84200 100000 Accounts receivable 208000 172000 Inventory 200000 208000 Prepaid insurance 12000 20000 Interest receivable 400 600 Investments 80000 40000 Plant and equipment 800000 720000 Less: Accumulated depreciation -200000 -180000 Total assets 1184600 1080600 Liabilities Accounts payable 152000 128000 Provision for employee benefits 24000 16000 Other expenses payable 8000 12000 Equity Share capital 800000 800000 Retained earnings 200600 124600 Total liabilities and equity 1184600 1080600 Hawke Ltd Statement of Financial performance For the period ended 30 June 2020…
STATEMENT OF CASH FLOW EXAMPLE Kerby Company has prepared the following Balance Sheets for 2023 and 2022. Cash 12/31/23 $ 56 12/31/22 $ 40 Accounts receivable 41 42 Fixed assets 579 465 Accumulated depreciation (170) (140) $506 $407 Accounts payable Mortgage payable Preferred stock $ 74 $ 60 20 181 Additional Paid-In Capital - preferred 70 Common stock Retained earnings 100 61 ២៩៩៩88 100 100 $506 $407 1. On 8/1/23, Kerby sold a fixed asset with a cost of $91 and book value of $66 for $67. 2. Retained Earnings was adjusted by dividends and net income only. 3. Net Income in 2023 was $80. a. Net Cash Provided by Operations is $ b. Net Cash Used by Investments is $ c. Net Cash Provided by Financing is $
Computron's Balance Sheets (Millions of Dollars) Projection 2018 2019 2020E Assets Cash and equivalents $ 60 $ 50 $ 60 Short-term investments 100 10 50 Accounts receivable 400 520 530 Inventories 620 820 660 Total current assets $ 1,180 $ 1,400 $ 1,300 Net Fixed Assets 2,900 3,500 3,700 Total Assets $ 4,080 $ 4,900 $ 5,000 Liabilities and equity Accounts payable $ 300 $ 400 $ 330 Notes payable 50 250 100 Accruals 200 240 270 Total current liabilities $ 550 $ 890 $ 700 Long-term bonds 800 1,100 1,100 Total liabilities $ 1,350 $ 1,990 $ 1,800 Common stock (100,000 shares) 1,000 1,000 1,000 Retained earnings 1,730 1,910 2,200 Total common equity $ 2,730 $ 2,910 $ 3,200 Total liabilities and equity $ 4,080 $ 4,900 $ 5,000 Income Statements (Millions of…
Current Attempt in Progress Suppose the following items were taken from the 2027 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $3,006 Accumulated depreciation-equipment $3,607 Prepaid rent 224 Accounts payable 1,519 Equipment 6,765 Patents 2,270 Stock investments (long-term) 697 Notes payable (long-term) 870 Debt investments (short-term) 1,803 Retained earnings 6,956 Income taxes payable 188 Accounts receivable 1,883 Cash 1,242 Inventory 1,262 Prepare a classified balance sheet in good form as of December 31, 2027. (List Current Assets in order of liquidity.) TEXAS INSTRUMENTS, INC. Balance Sheet (in millions) Assets
Question 4: XYZ Co. had the following information in 2020: Sales 150000 COGS 80000 Operating expenses (excluding depreciation) Interest expense 32000 8000 Таxes 3000 Increase in Accounts receivable 7000 Decrease in inventory Increase in Accounts payable Decrease in other payables Increase in interest payable Decrease in tax payable 4000 5000 3500 2000 1000 Prepare operating cash flows using direct method.
what was the net capital spending in 2021 and 2022 please avoid solutions image based thnx