Wildhorse Mining Corporation reports the following information for 2026; Purchased 5,000 shares of their own stock 468000, Issuance of bonds 276000, Purchase of land for new office location 577000, On July 1, borrowed at 6% interest 670000. Wildhorse should report net cash provided or used by financing activities of; a 498100 b. 478000 c. 1414000 d 862000

Wildhorse Mining Corporation reports the following information for 2026; Purchased 5,000 shares of their own stock 468000, Issuance of bonds 276000, Purchase of land for new office location 577000, On July 1, borrowed at 6% interest 670000. Wildhorse should report net cash provided or used by financing activities of; a 498100 b. 478000 c. 1414000 d 862000

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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ABC had the following information related to 2020 * A Building with a cost of $8,000 and accumulated depreciation of $4000 was sold in 2020 for $8,000 * Purchase a Building costing $23,000 by paying $10,000 in cash and $13,000 investments in associaties * ABC Co. paid cash dividends during 2020 totaled $3,000 * ABC Company paid in cash a Bank Loan totaled $4,000 * ABC Co. issued shares receiving cash totaled $12,000 What is the amount of Net Cash flows from financing activities? Select one: a. All answers are false b. 5000 c. 15000 d. -3000 e. 30000 f. 13000
Additional information: * All purchases of inventories are on credit * The selling and administrative expenses include depreciation of R320 000 * Property, plant and equipment were purchased during the year but there were no disposals * The total dividends for the year ended 31 December 2021 amounted to R360 000 * The issued share capital consisted of 100 000 ordinary shares * The market price of the shares on 31 December 2021 was R35
Swifty Company purchased treasury stock with a cost of $16500 during 2020. During the year, the company paid dividends of $19600 and issued bonds payable for proceeds of $850000. Cash flows from financing activities for 2020 total $850000 net cash outflow. $846900 net cash inflow. O $813900 net cash inflow. O $830400 net cash inflow.
Required information [The following information applies to the questions displayed below.] In preparation for developing its statement of cash flows for the year ended December 31, 2024, Rapid Pac, Incorporated, collected the following information: Fair value of shares issued in a stock dividend Payment for the early extinguishment of long-term bonds (book value: $81.0 million) Proceeds from the sale of treasury stock (cost: $17.0 million) Gain on sale of land Proceeds from sale of land Purchase of Microsoft common stock Declaration of cash dividends Distribution of cash dividends declared in 2023 Cash Flows from Financing Activities: Net cash inflows (outflows) from financing activities ($ in millions) $68.0 2. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2024? Note: Cash outflows should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).…
ABC Manufacturing Corp. (a public company) decided to expand further by purchasing the net assets of XYZ Manufacturing Corp for $3 million cash. XYZ’s statement of financial position at December 31, 2020 follows. XYZ Corp Statement of Financial Position December 31, 2020 Assets Liabilities and Equities Cash........................................... $ 210,000 Accounts payable................... $ 325,000 Receivables................................ 450,000 Common shares..................... 800,000 Inventory................................... 275,000 Retained earnings................... 835,000 Plant assets (net)........................ 1,025,000 Total assets................................ $ 1,960,000 Total equities......................... $ 1,960,000 An appraisal, agreed to by both parties, indicated that the fair value of the…
The following December 31, 2021, fiscal year-end account balance information is available for the Stonebridge Corporation: Cash and cash equivalents $ 5,000Accounts receivable (net) 20,000Inventory 60,000Property, plant, and equipment (net) 120,000Accounts payable 44,000Salaries payable 15,000Paid-in capital 100,000 The only asset not listed is short-term investments. The only liabilities not listed are $30,000 notes payable due in two years and related accrued interest of $1,000 due in four months. The current ratio at year-end is 1.5:1.Required:Determine the following…
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Current Attempt in Progress Suppose the following items were taken from the 2027 financial statements of Texas Instruments, Inc. (All dollars are in millions.) Common stock $3,006 Accumulated depreciation-equipment $3,607 Prepaid rent 224 Accounts payable 1,519 Equipment 6,765 Patents 2,270 Stock investments (long-term) 697 Notes payable (long-term) 870 Debt investments (short-term) 1,803 Retained earnings 6,956 Income taxes payable 188 Accounts receivable 1,883 Cash 1,242 Inventory 1,262 Prepare a classified balance sheet in good form as of December 31, 2027. (List Current Assets in order of liquidity.) TEXAS INSTRUMENTS, INC. Balance Sheet (in millions) Assets
b
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Marigold Corporation had the following activities in 2023: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. (a) Sold land for $196,000. Purchased an FV-NI investment in common shares for $14,200. Purchased inventory for $852,000 with cash. Received $73,000 cash from bank borrowings. Received interest for $11,500. Purchased equipment for $483,000 in exchange for common shares. Issued common shares for $370,000 cash. Recorded an unrealized gain of $3,750 on investments accounted for using the FV-NI model. Purchased investments in bonds, reported at amortized cost for $59,600. Declared and paid a dividend of $17,600 (charged to retained earnings). Sold investments in bonds reported at amortized cost, with a carrying amount of $406,800, for $416,200. Received dividends of $5,000 on FV-NI investments. (b) Your answer is correct. Calculate the amount that Marigold should report as net cash provided (used) by investing activities on its statement of cash flows under IFRS. Under IFRS, assume Marigold…