Swifty's Vegetable Market had the following transactions during 2020: 1. Issued $53000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $21100. 3. Acquired land by issuing common stock of par value $104000. 4. Declared and paid a cash dividend of $2500. 5. Sold a long-term investment (cost $2600) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $14500. What is the net cash provided used by investing activities? O $14500 O $8000 $37000 O ($6500)

Swifty's Vegetable Market had the following transactions during 2020: 1. Issued $53000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $21100. 3. Acquired land by issuing common stock of par value $104000. 4. Declared and paid a cash dividend of $2500. 5. Sold a long-term investment (cost $2600) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $14500. What is the net cash provided used by investing activities? O $14500 O $8000 $37000 O ($6500)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Additional Information for 2021: Purchase investment in bonds for $115,000. Sell land costing $40,000 for only $31,000, resulting in a $9,000 loss on sale of land. Purchase $70,000 in equipment by issuing a $70,000 long-term note payable to the seller. No cash is exchanged in the transaction. Declare and pay a cash dividend of $30,000. Required: Prepare the statement of cash flows using the indirect method for December 31, 2021. Disclose any noncash transactions in an accompanying note. (List cash outflows and any decrease in cash as negative amounts.)
Am. 355.
Shamrock Company has decided to expand its operations. The bookkeeper recently completed the following balance sheet in order to obtain additional funds for expansion. SHAMROCK COMPANY BALANCE SHEET FOR THE YEAR ENDED 2020 Current assets Cash $236,500 Accounts receivable (net) 346,500 Inventory (lower-of-average-cost-or-market) 407,500 Equity investments (marketable)-at cost (fair value $126,500) 146,500 Property, plant, and equipment Buildings (net) 576,500 Equipment (net) 166,500 Land held for future use 181.500 Intangible assets Goodwill 86,500 Cash surrender value of life insurance 96,500 Prepaid expenses 18,500 Current liabilities Accounts payable 141.500 Notes payable (due next year) 131,500 Pension obligation 88,500 Rent payable 55,500 Premium on bonds payable 59,500 Long-term liabilities Bonds payable 506,500 Stockholders' equity Common stock, $1.0 par, authorized 400,000 shares, issued 296,500 296,500 Additional paid-in capital 166,500 Retained earnings Prepare a revised…
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:Accounts Debit CreditCash $ 42,700Accounts Receivable 44,500Supplies 7,500Equipment 64,000Accumulated Depreciation $ 9,000Accounts Payable 14,600Common Stock, $1 par value 10,000Additional Paid-in Capital 80,000Retained Earnings 45,100Totals $ 158,700 $ 158,700During January 2021, the following transactions occur:January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000.January 9 Provide services to customers on account, $14,300.January 10 Purchase…
Current Attempt in Progress Oriole Company had the following transactions during 2025: 1. Issued $270000 of par value common stock for cash. 2. Recorded and paid salaries and wages expense of $114500. 3. Acquired land by issuing common stock valued at $100000. 4. Declared and paid a cash dividend of $17000. 5. Sold land (cost $6000) for cash of $6000. 6. Recorded cash sales of $850000. 7. Bought inventory for cash of $274000. 8. Acquired equipment for cash of $42800. 9. Converted bonds payable to common stock in the amount of $1000000. 10. Repaid a 6-year note payable in the amount of $445000. What is the net cash provided by operating activities? $675000. O $676000. O $461500. O $576000. **
Marigold Corp.had the following transactions during 2022:1. Issued $257500 of par value common stock for cash.2. Recorded and paid wages expense of $123600.3. Acquired land by issuing common stock of par value $103000.4. Declared and paid a cash dividend of $20600.5. Sold a long-term investment (cost $6180) for cash of $6180.6. Recorded cash sales of $824000.7. Bought inventory for cash of $329600.8. Acquired an investment in Zynga stock for cash of $43260.9. Converted bonds payable to common stock in the amount of $1030000.10. Repaid a 6-year note payable in the amount of $453200.What is the net cash provided by investing activities? $436720 ($140080). $889920. ($37080).
Please help me to solve this problem
Current Attempt in Progress Sheridan's Vegetable Market had the following transactions during 2020: 1. Issued $52000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $15000. 3. Acquired land by issuing common stock of par value $52000. 4. Declared and paid a cash dividend of $7400. 5. Sold a long-term investment (cost $3400) for cash of $6100. 6. Acquired an investment in IBM stock for cash of $9900. What is the net cash provided by financing activities? $69300 $0 $29600 $37000
Oriole Companyhad the following transactions during 2022:1. Issued $280000 of par value common stock for cash.2. Recorded and paid wages expense of $134400.3. Acquired land by issuing common stock of par value $112000.4. Declared and paid a cash dividend of $22400.5. Sold a long-term investment (cost $6720) for cash of $6720.6. Recorded cash sales of $896000.7. Bought inventory for cash of $358400.8. Acquired an investment in Zynga stock for cash of $47040.9. Converted bonds payable to common stock in the amount of $1120000.10. Repaid a 6-year note payable in the amount of $492800.What is the net cash provided by investing activities? $474880 ($40320). ($152320). $967680.
Please help me
Marigold Corporation had the following activities in 2023: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. (a) Sold land for $196,000. Purchased an FV-NI investment in common shares for $14,200. Purchased inventory for $852,000 with cash. Received $73,000 cash from bank borrowings. Received interest for $11,500. Purchased equipment for $483,000 in exchange for common shares. Issued common shares for $370,000 cash. Recorded an unrealized gain of $3,750 on investments accounted for using the FV-NI model. Purchased investments in bonds, reported at amortized cost for $59,600. Declared and paid a dividend of $17,600 (charged to retained earnings). Sold investments in bonds reported at amortized cost, with a carrying amount of $406,800, for $416,200. Received dividends of $5,000 on FV-NI investments. (b) Your answer is correct. Calculate the amount that Marigold should report as net cash provided (used) by investing activities on its statement of cash flows under IFRS. Under IFRS, assume Marigold…