The following data are available for Something Strange! Increase in accounts payable Increase in bonds payable Sale of investment Issuance of common stock Payment of cash dividends $40,000 100,000 50,000 60,000 30,000 Net cash provided by financing activities under the indirect method is

The following data are available for Something Strange! Increase in accounts payable Increase in bonds payable Sale of investment Issuance of common stock Payment of cash dividends $40,000 100,000 50,000 60,000 30,000 Net cash provided by financing activities under the indirect method is

Name: The following data are available for Something Strange!Increase in ac
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Description: The following data are available for Something Strange!Increase in accounts payableIncrease in bonds payableSale of investmentIssuance of common stockPayment of cash dividends$40,000100,00050,00060,00030,000Net cash provided by financing activities

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Cash received from long-term notes payable Purchase of investments Cash dividends paid Interest paid Financing Activities $ 56,000 14, 200 Compute cash flows from financing activities using the above company information. Note: Amounts to be deducted should be indicated by a minus sign. $ 45,600 22,800 0
Which of the following is an example of a cash flow from an investing activity? Group of answer choices receipt of cash from the sale of equipment receipt of cash from the sale of stock payment of cash for dividends payment of cash to acquire treasury stock
Use the following balance sheet data to compute the net operating working capital. Cash Accounts Receivable Inventory Current Assets Net fixed assets Total assets $60 160 200 $420 $700 $1,120 Account payable Accruals Notes payable Current liabilities Long-term debt Common equity Retained earnings Total liabilities and equity $180 110 200 $490 250 160 220 $1,120
Under what section of the Statement of Cash Flows would you report cash dividend payments on common stock? O Bonds O Financing O Operating O Leases O Non-Cash Event O Investing ASUS f4 f5 f6 f7 f9 f10 f11 & 4 5 7 8. 6. Y U 12 H JK F G 国 6 图 R 24
The purchase of stock of another company as an investment would appear on the statement of cash flows as an O a a. outflow of cash in the investing activities section Ob. outflow of cash in the financing activities section O c. outflow of cash in the operating activities section Od. item listed in a separate schedule of noncash investing and financing activities
QUESTION 12 When using the indirect method to determine operating cash flows, how would the retirement of bonds payable at their maturity date be shown on the statement of cash flows? a. an investing activity b. not reported on the statement of cash flows c. a noncash investing and financing activity d. an operating activity e. a financing activity
Which of the following is the appropriate general journal entry to record the declaration of cash dividend? a. Retained Earnings XXX Cash XXX b. Cash Dividend Payable XXX Cash XXX c. Paid-In Capital Cash Dividend Payable XXX XXX d. Cash Dividends Cash Dividends Payable XXX XXX
On the statement of cash flows, the cash flows from investing activities section would include a.payments for dividends b.payments for the retirement of bonds payable c.receipts from the issuance of common stock d.receipts from the sale of investments
D&D Company reports select items from its statement of cash flows. Identify those items related to investing activities and co- net cash flows from investing activities. Activity Cash paid to purchase property Cash from selling merchandise Cash paid for income taxes Cash received from a long-term note Cash paid to repurchase stock Cash received from sale of investments Cash received from issuing equity shares Cash paid to purchase merchandise Cash paid to purchase investment securities Cash paid in salaries and wages Note: Cash outflows should be indicated by a minus sign. Activity Net cash flows from investing activities $ Amount 0 Amount $ 400,000 688,000 135,000 850,000 100,000 40,000 500,000 710,000 50,000 410,000
Based on the following information, compute cash flows from financing activities under GAAP. Purchase of investments $ 210 Dividends paid 1,160 Interest paid 360 Additional borrowing from bank 2,600
Match each of the following term with the corresponding description. Not all descriptions will be used._____ Operating activities_____ Indirect method_____ Cash equivalent_____ Investing activities_____ Direct method_____ Financing activitiesA. Measures the percent of net income that comes from high-margin products.B. Includes such events as the receipt of dividends and interest on investment assets.C. Includes assets that are very liquid and have original maturities of three months or less.D. The percent of total debt represented by a company's cash account.E. These activities include only purchases made with borrowed funds.F. Where cash flows from operating activities are calculated by converting each revenue and expense item from an accrual to a cash basis.G. This ratio multiplies net income by the average rate of interest the company receives on its investments.H. This ratio uses net income instead of operating cash flow to Analysis a company's ability to finance the cost of its…
On the statement of cash flows, the investing activities section would include a. cash paid for dividends Ob. cash paid for retirement of bonds payable Oc. cash received from the issuance of capital stock Od. cash received from the sale of investments