Question: 47Statement of Cash Flows - The following information is for Pasture Corp.:Cash received from customers $65,000Cash received from lenders 20,000Cash paid to suppliers 20,000Cash paid for new equipment 50,000Cash paid for dividends 4,000Required: Indicate on what section of the statement of cash flows each item would appear and calculatePasture's net change in cash.

Step 1: Introduction to Cash Flow Statement:The cash flow statement is divided in three sections -…

Answered: Question: 47 Statement of Cash Flows -…

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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Please explain why the option is correct and remaining incorrect in detail answer in text explain each and every option need correct answer
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Statement of Cash Flow Preparation Activity Consider the following journal entries: Entry (a) cash $4 %$4 81,000.00 common stock 81,000.00 (b) treasury stock 13,000.00 cash 13,000.00 (c) cash 60,000.00 sales revenue 60,000.00 (d) land 87,700.00 cash 87,700.00 (e) depreciation expense 9,000.00 accumulated depreciation 9,000.00 (f) dividends payable 16,500.00 cash 16,500.00 (g) land 18,000.00 cash 18,000.00 (h) cash 7,200.00 7,200.00 equipment (1) bonds payable cash 45,000.00 45,000.00 (1) building 164,000.00 164,000.00 note payable, long-term (k) loss on disposal of equipment | 1,400.00 equipment, net 1,400.00 Indicate whether each transaction would result in an operating activity, an investing activity, or a financing activity for an indirect method statement of cash flow and the accompanying schedule of non-cash investing and financing activities. Click here to enter text. %24
TB MC Qu. 12-133 In preparing a company's statement... In preparing a company's statement of cash flows using the Indirect method, the following information is available: Net income Accounts payable increased by Accounts receivable decreased by Inventories increased by Depreciation expense Net cash provided by operating activities was: Multiple Choice $120,000. $60,000. $70,000. $80,000. $130,000. $52,000 18,000 25,000 5,000 30,000
If the cash account balance on the balance sheet is $25,000, total current assets is $150,000, and total assets equals $500,000, using vertical analysis determine the percentage for cash. Group of answer choices 5% 17% 30% none of these
How do I prepare a statement of cash flow's using the indirect method?
Based on the following information, compute cash flows from financing activities under GAAP. Purchase of investments $ 210 Dividends paid 1,160 Interest paid 360 Additional borrowing from bank 2,600
Question 13 Prepare a statement of cash flows in good form assuming that Avatar Company uses the indirect method. Please refer to the following information for the year 2021. Avatar Company Balance Sheet December 31, 2021 2021 2020 Change Cash $21,000 $18,000 $3,000 Accounts receivable 31,000 35,000 (4,000) Inventory 53,000 25,000 28,000 Property, Plant & Equipment (net) 120,000 90,000 30,000 Total assets $225,000 $168,000 $57,000 Accounts payable $4,000 $6,000 $(2,000) Accrued liabilities 2,000 1,000 1,000 Long-term notes payable 84,000 90,000 (6,000) Total liabilities $90,000 $97,000 $(7,000)…
eBook Show Me How Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Assets Cash $290,780 $268,930 Accounts receivable (net) 105,340 96,590 Inventories 297,360 285,980 Investments 0 110,790 Land 152,520 0 Equipment 328,080 252,830 Accumulated depreciation—equipment (76,810) (68,180) Total assets $1,097,270 $946,940 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $198,610 $186,550 Accrued expenses payable (operating expenses) 19,750 24,620 Dividends payable 10,970 8,520 Common stock, $10 par 59,250 46,400 Paid-in capital in excess of par—common stock 222,750 128,780 Retained earnings 585,940 552,070 Total liabilities and stockholders’ equity $1,097,270 $946,940 Additional data obtained from an examination of the…
MC Qu. 12-124 The net cash flow provided by.. The net cash flow provided by operating activitles is an Inflow of $37,042, the net cash flow used in Investing activities is $16,831, and the net cash flow used in financing activities is $26,397. If the beginning cash account balance is $11,283, what is the ending cash account balance? Multiple Choice $27.476 ($6.186) $38,759 $5,097

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