The December 31, 2021, balance sheet of Chen, Incorporated, showed $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed $163,000 and $3,080,000 in the same two accounts, respectively. The company paid out $158,000 in cash dividends during 2022. What was the cash flow to stockholders for the year? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Cash flow to stockholders

The December 31, 2021, balance sheet of Chen, Incorporated, showed $153,000 in the common stock account and $2,780,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed $163,000 and $3,080,000 in the same two accounts, respectively. The company paid out $158,000 in cash dividends during 2022. What was the cash flow to stockholders for the year? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Cash flow to stockholders

Name: Cc. 215. The December 31, 2021, balance sheet of Chen, Incorporated, s
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Description: Cc. 215. The December 31, 2021, balance sheet of Chen, Incorporated, showed $153,000 in the common stock account and $2,780,000 in theadditional paid-in surplus account. The December 31, 2022, balance sheet showed $163,000 and $3,080,000 in the same

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13P: Comprehensive The following are Farrell Corporations balance sheets as of December 31, 2019, and...

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Comprehensive The following are Farrell Corporations balance sheets as of December 31, 2019, and 2018, and the statement of income and retained earnings for the year ended December 31, 2019: Additional information: a. On January 2, 2019, Farrell sold equipment costing 45,000, with a book value of 24,000, for 19,000 cash. b. On April 2, 2019, Farrell issued 1,000 shares of common stock for 23,000 cash. c. On May 14, 2019, Farrell sold all of its treasury stock for 25,000 cash. d. On June 1, 2019, Farrell paid 50,000 to retire bonds with a face value (and book value) of 50,000. e. On July 2, 2019, Farrell purchased equipment for 63,000 cash. f. On December 31, 2019. land with a fair market value of 150,000 was purchased through the issuance of a long-term note in the amount of 150,000. The note bears interest at the rate of 15% and is due on December 31, 2021. g. Deferred taxes payable represent temporary differences relating to the use of accelerated depreciation methods for income tax reporting and the straight-line method for financial statement reporting. Required: 1. Prepare a spreadsheet to support a statement of cash flows for Farrell for the year ended December 31, 2019, based on the preceding information. 2. Prepare the statement of cash flows.
The December 31, 2021, balance sheet of Chen, Incorporated, showed $146,000 in the common stock account and $2,710,000 in the additional paid-in surplus account. The December 31, 2022, balance sheet showed $156,000 and $3,010,000 in the same two accounts, respectively. The company paid out $151,000 in cash dividends during 2022. What was the cash flow to stockholders for the year? Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Cash flow to stockholders
The December 31, 2018, balance sheet of Whelan Inc., showed $139,000 in the common stock account and $2,640,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $149,000 and $2,940,000 in the same two accounts, respectively. The company paid out $144,000 in cash dividends durig 2019. What was the cash flow to stockholders for the year?
Nash's Trading Post, LLC issued 14800 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $36000 and issued long-term notes payable of $326000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?
The Dec 31, 2018 balance sheet of Whelan inc., showed $138,000 in the common stock account and $2,630,000 in the additional paid in surplus account. The Dec 31 2019 balance sheet showed $148000 and $2930,000 in the same two accounts respectively. The company paid $143.000 in cash divideneds during 2019. What was the cash flow to shockholders for the year?
Cash Flow to Stockholders The December 31, 2018, balance sheet of Whelan, Inc., showed $120,000 in the common stock account and $2,289,000 in the additional paid-in surplus account. The December 31, 2019, balance sheet showed $137,000 and $2,568,000 in the same two accounts, respectively. If the company paid out $149,500 in cash dividends during 2019, what was the cash flow to stockholders for the year? Calculating Cash Flows Given the information for Whelan, Inc., in Problems 10 and 11, suppose you also know that the firm's net capital spending for 2019 was $745,000 and that the firm reduced its net working capital investment by $94,300. What was the firm's 2019 operating cash flow, or OCF?
Silver Spoon Antiques had balances in common stock of $10,450 million and $10,675 million, for 2018 and 2019 respectively, and cash flow to shareholders of $400,000. Dividends paid in 2019 were closest to: A. $175,000. B. $625,000. C. $400,000.
the 2019 balance sheet of Dyrdeks skate shop showed $570,000 in the common stock account and $2.4 million in the additional paid in surplus account. the 2020 balance sheet showed $610,000 and $2.8 million in the same two accounts, respectively. if the company paid out $515,000 in cash dividends during 2020, what was cash flow to stockholders for the year?
During 2021, your firm reported net income of $600 and paid a $120 cash dividend. The Dec 31, 2020 balance sheet reported the following items: common stock $500, capital surplus $750, retained earning $900. What is the value of the retained earnings account for the Dec 31, 2021 balance sheet?
The 2019 statement of financial position of Roger’s Tennis Shop Inc. showed $630,000 in the common stock account and $4.9 million in the additional retained earnings account. The 2020 statement of financial position showed $670,000 and $5.4 million in the same two accounts, respectively. If the company paid out $620,000 in cash dividends during 2020, what was the cash flow to shareholders for the year? (Enter the answer in dollars, not millions of dollars, i.e. 1,234,567. Omit $ sign in your response.)
Lockhart Industries reported total stockholders' equity of $415,000 on its balance sheet dated December 31, 2021. During the year ended December 31, 2022, the company declared and paid a cash dividend of $15,500, declared and distributed a 10% stock dividend with a $16,000 total market value, and issued additional common stock for $95,000. If total stockholders' equity as of December 31, 2022 is $527,000, what was the amount of net income for the year ended December 31, 2022? $79,500 $63,500 $48,500 $32,500
XYZ Company had $100,000 in cash at the end of year 2019 and $150,000 in cash at the end of year 2020. The company had a cash flow from operating activities of 65,000. During 2020, XYZ Company had the following cash flow from financing activities: 1) Issuance stocks of $66,000. 2) Paid dividends of $9,000. 3) Repurchase stocks of $35,000. 4) Notes payable increased by $14,000. What was the company’s cash flow from investing activities