The Coneflower Company had $312,000 in cash at the beginning of the year (January 1, 2020). Using the data in thechart, prepare a statement of Cash Flows. Cash paid for other operating activities $1,291,000 Cash paid for dividends16,900 Cash received from selling equipment and other assets 16,300 Cash paid on notes payable 412,000 Cash paidto suppliers and employees 1,258,900 Cash collected from customers 3,840, 700 Cash paid to purchase equipment andother assets 140, 200

The cash flow statement shows, how cash has been generated and used by the business over the year,…

The Coneflower Company had $312,000 in cash at the beginning of the year (January 1, 2020). Using the data in the chart, prepare a Statement of Cash Flows. Cash paid for other operating activities $1,291,000 Cash paid for dividends

The Coneflower Company had $312,000 in cash at the beginning of the year (January 1, 2020). Using the data in the chart, prepare a Statement of Cash Flows. Cash paid for other operating activities $1,291,000 Cash paid for dividends

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

Vaughn Corporation had the following activities in 2025. 1.Payment of accounts payable $827,000. 2. Issuance of common stock $268,000. 3. Payment of dividends $321,000. 4. Collection of note receivable $93,000. 5. Issuance of bonds payable $549,000. 6. Purchase of treasury stock $45,000. Compute the amount Vaughn should report as net cash provided (used) by financing activities in its 2025 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Net cash by financing activities $
In 2021, Lmao company reported cash basis income of P 7,800,000. Tracing back its records, accounts receivable and accounts payable on December 31, 2021 were P5,200,000 and P 1,950,000 respectively. During the year, the accounts receivable increased by 200% while accounts payable decreased by 50%. How much were net income using accrual method?
savita
Holloway Company earned $4,300 of service revenue on account during Year 1. The company collected $3,655 cash from accounts receivable during Year 1. Based on this information alone, determine the following for Holloway Company. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. The amount of retained earnings that would be reported on the Year 1 balance sheet.
Use the following information to prepare the Operating Activities section of the Statement of Cash Flows WalkRight Inc. For the Year Ended December 31, 2017 $ 1,600,000 Net Income Proceeds from Issuance of Common Stock $ 1,000,000 Increase in inventory Increase in Accounts Payable 400,000 $ 250,000 Purchase of Equipment $ 1,200,000 Payment of Cash Dividend 500,000 750,000 $ Depreciaiton Expense Increase in Accounts Receivable 200,000 Payment of Mortgage 60,000 Reminder: You are being asked to prepare the Operating Activities section only. WalkRight Inc. Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities
Alvarez Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year $ 233,000 Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year The ending balance in retained earnings is: 10 $343,000. $297,500. $301,000. $293,000. $213,000. 50,000 85,000 4,500 22,000 30,000 110,000
The accountant for Sysco Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Net income for the year 285,000 Cash dividends declared for the year 53,000 Cash dividends payable at the beginning of the year 12, 200 Cash dividends payable at the end of the year 14, 300 What is the amount of cash dividends paid that should be reported in the financing section of the statement of cash flows?
Bannister Company reported operating expenses of $375,000 for 2020. The following data were extracted from the company's financial records: 12/31/19 12/31/20 $ 60,000 $ 69,000 Prepaid Expenses Accrued Expenses 210,000 255,000 On a statement of cash flows for 2020, using the direct method, cash payments for operating expenses should be O a. $339,000 O b. $321,000 O C. $411,000 O d. $429,000
Subject: acounting
Teresa Ramirez and Lenny Traylor are examining the following statement of cash flows for Pina Clothing Store’s first year of operations. PINA CLOTHING STORESTATEMENT OF CASH FLOWSFOR THE YEAR ENDED JANUARY 31, 2020 Sources of cash From sales of merchandise $ 380,000 From sale of common stock 379,000 From sale of investment 124,000 From depreciation 77,000 From issuance of note for truck 28,000 From interest on investments 7,900 Total sources of cash 995,900 Uses of cash For purchase of fixtures and equipment 328,000 For merchandise purchased for resale 251,000 For operating expenses (including depreciation) 168,500 For purchase of investment 94,000 For purchase of truck by issuance of note 28,000 For purchase of treasury stock 11,000 For interest on note 2,800 Total uses of cash 883,300 Net Increase in Cash…
The accountant for Robinson Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: RETAINED EARNINGS BALANCE AT BEGINNING OF YEAR $156,000 CAHS DIVIDENS DECLARED FOR THE YEAR $46,000 PROCEEDS FROM SALE OF EQUIPMENT $81,000 GAIN ON SALE OF EQUIPMENT $7,000 CASH DIVIDENDS PAYABLE BEGINNING OF YEAR $18,000 CASH DIVIDENDS PAYABLE ENDING OF YEAR $40,000 NET INCOME $92,000 The amount of cash dividends paid during the year would be:
Sanders, Inc. reported net income of S205. Beginning and ending balances of accounts receivable were S40 and S45, respectively. Accounts payable balances at the beginning and ending ofthe year were S35 and S33, respectively. Assuming all relevant information has been presented, Sanders should report net operating cash flows of: