Whispering Winds Ltd. engaged in the following cash transactions during 2023: Proceeds from sale of land and building $207,000 Repurchase of company's own shares Purchase of land Payment of cash dividends Purchase of equipment Issuance of common shares Retirement of bonds payable (a) Your answer is correct. Net cash (b) Whispering Winds prepares financial statements in accordance with ASPE. eTextbook and Media Solution used by 26,000 Calculate the net cash provided (used) by financing activities, under ASPE. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Net cash 47,000 60,000 eTextbook and Media 41,000 149,000 215,000 financing activities $ Calculate the net cash provided (used) by financing activities, if Whispering Winds prepares financial statements in accordance with IFRS, if Whispering Winds's policy is to treat dividends paid as operating activities. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) -152,000 financing activities $ Attempts: 2 of 3 used

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Whispering Winds Ltd. engaged in the following cash transactions during 2023:
Proceeds from sale of land and building $207,000
Repurchase of company's own shares
Purchase of land
Payment of cash dividends
Purchase of equipment
Issuance of common shares
Retirement of bonds payable
(a)
Your answer is correct.
Net cash used by
(b)
Whispering Winds prepares financial statements in accordance with ASPE.
eTextbook and Media
Solution
26,000
47,000
Calculate the net cash provided (used) by financing activities, under ASPE. (Show amounts that decrease cash flow with either a - sign
e.g.-15,000 or in parenthesis e.g. (15,000).)
Net cash
60,000
41,000
eTextbook and Media
149,000
215,000
V financing activities $
Calculate the net cash provided (used) by financing activities, if Whispering Winds prepares financial statements in accordance
with IFRS, if Whispering Winds's policy is to treat dividends paid as operating activities. (Show amounts that decrease cash flow with
either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).)
-152,000
financing activities $
Attempts: 2 of 3 used
Transcribed Image Text:Whispering Winds Ltd. engaged in the following cash transactions during 2023: Proceeds from sale of land and building $207,000 Repurchase of company's own shares Purchase of land Payment of cash dividends Purchase of equipment Issuance of common shares Retirement of bonds payable (a) Your answer is correct. Net cash used by (b) Whispering Winds prepares financial statements in accordance with ASPE. eTextbook and Media Solution 26,000 47,000 Calculate the net cash provided (used) by financing activities, under ASPE. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Net cash 60,000 41,000 eTextbook and Media 149,000 215,000 V financing activities $ Calculate the net cash provided (used) by financing activities, if Whispering Winds prepares financial statements in accordance with IFRS, if Whispering Winds's policy is to treat dividends paid as operating activities. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) -152,000 financing activities $ Attempts: 2 of 3 used
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