Slater Company prepares its statement of cash flows using the indirect method and provided the following information for the year 2018. • Net cash flows from operating activities: $32,000 positive • Net cash flows used for investing activities: $38,000 negative • Net cash flows used for financing activities: $9,000 negative How much was the net change in cash during the year based on the information given? Question 17Answer a. $79,000 positive. b. $3,000 negative. c. $15,000 negative. d. $3,000 positive.
answer these 4 questions please:
- Slater Company prepares its statement of
cash flows using the indirect method and provided the following information for the year 2018.
• Net cash flows from operating activities: $32,000 positive
• Net cash flows used for investing activities: $38,000 negative
• Net cash flows used for financing activities: $9,000 negative
How much was the net change in cash during the year based on the information given?
Question 17Answer
$79,000 positive.
$3,000 negative.
$15,000 negative.
$3,000 positive.
Supper Company Ltd., reported the following
|
Supper Company Ltd. Stockholders’ Equity June 30,2021
|
|
|
Paid-in Capital |
|
|
|
$ 1,400,000 |
|
Common stock, par value $? per share, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding |
2,000,000 |
|
Paid-in capital in excess of par—common |
6,000,000 |
Which of the following is the correct selling price per share for the common stock issued based on the above transactions?
Question 7Answer
$5,000,000
$8
$6,000,000
$6
Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30, 2021:
|
Supper Company Ltd. Stockholders’ Equity June 30,2021
|
|
|
Paid-in Capital |
|
|
Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued |
$ 1,400,000 |
|
Common stock, par value $? per share, 5,000,000 shares authorized, 1,000,000 shares issued and outstanding |
2,000,000 |
|
Paid-in capital in excess of par—common |
6,000,000 |
Which of the following is the correct par value for the company’s common stock?
Question 11Answer
$2,000,000
$0.40
$1,000,000
Jason’s Corp balance sheet as of December 31, 2021, reveals the following information.
|
Preferred stock, $100 par |
|
$ 600,000 |
|
Paid-in capital in excess of par—preferred |
|
50,000 |
|
Common stock, $1 par |
|
300,000 |
|
Paid-in capital in excess of par—common |
|
520,000 |
|
|
|
320,000 |
What was the total paid-in capital as of December 31, 2021?
Question 16Answer
$320,000
$1,470,000
$1,790,000
$900,000
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