Please need answer Question:In the Tabb Company, Treasury Stock increased $15,000 from a cashpurchase, and Retained Earnings increased $40,000 as a result of netincome of $62,000 and cash dividends paid of $22,000. Net cash used byfinancing activities is:a. $15,000.b. $22,000.c. $55,000.d. $37,000.

Step 1:Financing activities are the activities that are related to the borrowing of the fund and…

Answered: Question: In the Tabb Company, Treasury…

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter6: Statement Of Cash Flows

Section: Chapter Questions

Problem 18E

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Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income, 68,000 b. Increase in accounts receivable, 4,400 c. Receipt from sale of common stock, 12,300 d. Depreciation expense, 11,300 e. Dividends paid, 24,500 f. Payment for purchase of building, 65,000 g. Bond discount amortization, 2,700 h. Receipt from sale of long-term investments at cost, 10,600 i. Payment for purchase of equipment, 8,000 j. Receipt from sale of preferred stock, 20,000 k. Increase in income taxes payable, 3,500 l. Payment for purchase of land, 9,700 m. Decrease in accounts payable, 2,900 n. Increase in inventories, 10,300 o. Beginning cash balance, 18,000 Required: Prepare Mueller Company's statement of cash flows.
Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectively
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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.
Question: In the Tabb Company, Treasury Stock increased $15,000 from a cash purchase, and Retained Earnings increased $40,000 as a result of net income of $62,000 and cash dividends paid of $22,000. Net cash used by financing activities is: a. $15,000. b. $22,000. c. $55,000. d. $37,000.
What is the firm's cash flow from operations?
.
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?
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 12,000 shares of $15 par common stock for $23 per share. c. Sold equipment with a book value of $47,400 for $68,300. d. Purchased land for $436,000 cash. e. Purchased a building by paying $58,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $240,000 of bonds at 97. g. Purchased 3,300 shares of $25 par common stock as treasury stock at $48 per share. h. Paid dividends of $2.50 per share. There were 28,000 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. Effect Cash payment Cash receipt Cash receipt Cash payment ✓ Cash payment - ✓ Cash receipt ✔ ✓ ✓ g. Cash payment -✔ h. Cash payment Amount 229,000 ✓ 161,000 X 100000
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 7,000 shares of $15 par common stock for $30 per share. c. Sold equipment with a book value of $51,800 for $74,600. d. Purchased land for $362,000 cash. e. Purchased a building by paying $75,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $150,000 of bonds at 98. g. Purchased 4,400 shares of $15 par common stock as treasury stock at $28 per share. h. Paid dividends of $1.60 per share. There were 34,000 shares issued and 5,000 shares of treasury stock. Effect Amount a. b. C. d. e. f. g. h.
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $300,000 of bonds, on which there was $4,000 of unamortized discount, for $303,000.b. Sold 40,000 shares of $6 par common stock for $18 per share.c. Sold equipment with a book value of $28,400 for $31,500.d. Purchased land for $290,000 cash.e. Purchased a building by paying $40,000 cash and issuing a $490,000 mortgage note payable.f. Sold a new issue of $600,000 of bonds at 98.g. Purchased 15,000 shares of $30 par common stock as treasury stock at $45 per share.h. Paid dividends of $1.50 per share. There were 800,000 shares issued and 90,000 shares of treasury stock. Effect Amount a. $ b. $ c. $ d. $ e. $ f. $ g. $ h. $
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 $260,000 of bonds, on which there was $2,600 of unamortized discount, for $270,000. b. Sold 12,000 shares of $10 par common stock for $19 per share. c. Sold equipment with a book value of $67,800 for $97,600. d. Purchased land for $514,000 cash. e. Purchased a building by paying $54,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $200,000 of bonds at 97. g. Purchased 3,800 shares of $20 par common stock as treasury stock at $38 per share. h. Paid dividends of $2.20 per share. There were 27,0 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. 9. h. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment Cash receipt Cash payment Cash payment Feedback $ $ $ $ $ $ $ Amount Check My Work Identify the cash flow in each transaction. Is cash being…

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Question: In the Tabb Company, Treasury Stock increased $15,000 from a cash purchase, and Retained Earnings increased $40,000 as a result of net income of $62,000 and cash dividends paid of $22,000. Net cash used by financing activities is: a. $15,000. b. $22,000. c. $55,000. d. $37,000.