The following extracts are taken from CR-7 Company:Issuance of shares of the company's own common stock..Dividends paid to the company's own shareholders..Dividends received from investments in other companies' shares.Interest paid on the company's own bonds ..Repayment of principal on the company's own bonds .Proceeds from sale of the company's used equipment .Purchase of land... $100,000$7,000$2,000$25,000$90,000$9,000$120,000Based solely on the above information, the net cash provided by financing activities for the year on thestatement of cash flows would be?

We need to compute cash flows financing activities.

Answered: The following extracts are taken from…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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The balance sheets for Dual Monitors Corporation and additional information are provided below. DUAL MONITORS CORPORATION Balance Sheets December 31, 2024 and 2023 Assets Current assets: Cash Accounts receivable Inventory Investments Long-term assets: Land Equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity Additional Information for 2024: 1. Net Income is $150,600. 2. Sales on account are $1,215,500. (All sales are credit sales.) 3. Cost of goods sold is $973,400. Complete this question by entering your answers in the tabs below. a. Gross profit ratio b. Return on assets c. Profit margin d. Asset turnover e. Return on equity 2024 19.9 % 13.9 % %6 $208,600 60,000 86,000 3,100 times %6 390,000 390,000 700,000 580,000 (338,000) (178,000)…
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According to value added reporting, a company my pay salaries to employees and ..to.24 bondholders shares interests cash dividends O
12) JAE Corp.'s transactions for the year ended December 31, 20X8 included the following: Purchased real estate for $1,250,000 cash. Sold available-for-sale securities for $1,000,000. Paid dividends of $1,200,000. Issued 500 shares of common stock for $500,000. Purchased machinery and equipment for $250,000 cash. Received a $250,000 cash dividend from an equity investment. Paid $900,000 toward a bank loan. Reduced accounts receivable by $200,000. Increased accounts payable $400,000. JAE Corp's net cash used in INVESTING activities for 20X8 was: a) $250,000. b) $500,000. c) $750,000. d) $1,500,000.
Determining paid-in capital for a corporation Aruba Corporation recently organized. The company issued common stock to an investor in exchange for a patent with a market value of $57,000. In addition, Aruba received cash for 6,000 shares of its $10 par preferred stock at par value and 6,500 shares of its no-par common stock at $20 per share. Without making journal entries, determine the total paid-in capital created by these transactions.
Perrett Company provided the following information on selected transactions during 20X1: Dividends paid to preferred stockholders Loans made to affiliated corporations Proceeds from issuing bonds Proceeds from issuing preferred stock Proceeds from sale of equipment Purchases of inventories Purchase of land by issuing bonds Purchases of treasury stock $ 250,000 700,000 800,000 1,050,000 400,000 1,200,000 300,000 600,000 The net cash provided (used) by financing activities during 20X1 is $1,000,000. $1,300,000. $550,000. $(1,650,000).
Determining paid-in capital for a corporation Aruba Corporation recently organized. The company issued common stock to an inventor in exchange for a patent with a market value of $57,000. In addition, Aruba received cash for 6,000 shares of its $10 par preferred stock at par value and 6,500 shares of its no-par common stock at $20 per share. Without making journal entries, determine the total paid-in capital created by these transactions.
Accounting Equation The total assets and total liabilities (in millions) of ABC Corporation and XYZ Corporation follow: ABC XYZ Assets $48,207 $46,761 Liabilities 21,211 22,445 Determine the stockholders' equity of each company. ABC Corporation stockholders' equity $ million XYZ Corporation stockholders' equity $ million
3. Earnings and Profits. A distribution is made when D, Inc. has assets valued at $500,000 (basis of $300,000), E&P of $80,000, and 10,000 shares of stock out-standing. T receives assets valued at $100,000 (basis of $60,000) for all his D stock (2,000 shares with a basis of $25,000). Compute the corporation’s E&P balance after the exchange if it is treated as (a) a dividend, or as (b) a sale.
14. How much is the correct balance of the Accumulated retained earnings unappropriated account?
The Statement of Financial Position of Syscoin Bhd as at 31 December are as follows: 2021 RM 3,520,000 900,000 1,960,000 900,000 1,140,000 860,000 720,000 10,000,000 3,000,000 800,000 600,000 2,000,000 640,000 400,000 340,000 600,000 720,000 900,000 10,000,000 Non-current assets at NBV Goodwill Investment in associate Inventories Receivables Short term investments Cash Ordinary shares Share premium Revaluation reserves Retained profits Non-controlling interest Loan stocks Deferred taxation Proposed dividends Taxation Payables Groups profit before taxation after charging / (crediting): Depreciation Goodwill impaired Interest expense Interest income 2020 Gain on sale of non-current assets Share of profit in associate Net profit before taxation RM 2,120,000 1,000,000 1,560,000 1,000,000 860,000 560,000 500,000 7,600,000 2,000,000 400,000 200,000 1,300,000 The statement of comprehensive income of Syscoin Bhd for the year ended 31 December 2021 is as follows: 300,000 800,000 400,000 400,000…
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