Connect Access Card for Financial Accounting
9th Edition
ISBN: 9781259738678
Author: Robert Libby, Patricia Libby, Frank Hodge Ch
Publisher: McGraw-Hill Education
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Chapter 12, Problem 9MCQ
To determine
Ascertain the net
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a. What is the net cash provided by financing activities?b. What is the net cash used in investing activities?
Use the following information to determine cash flows from financing activities. a. Net income was $35,000. b. Issued common stock for $64,000 cash. c. Paid cash dividend of $14,600. d. Paid $50,000 cash to settle a note payable at its $50,000 maturity value. e. Paid $12,000 cash to acquire its treasury stock. f. Purchased equipment for $39,000 cash.
a. Net income was $467,000.
b. Issued common stock for $70,000 cash.
c. Paid cash dividend of $11,000.
d. Paid $120,000 cash to settle a long-term notes payable at its $120,000 maturity value.
e. Paid $125,000 cash to acquire its treasury stock.
f. Purchased equipment for $91,000 cash.
Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a
minus sign.)
Statement of Cash Flows (partial)
Cash flows from financing activities
Chapter 12 Solutions
Connect Access Card for Financial Accounting
Ch. 12 - Prob. 1QCh. 12 - Prob. 2QCh. 12 - Prob. 3QCh. 12 - What are the major categories of business...Ch. 12 - Prob. 5QCh. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Compare the two methods of reporting cash flows...Ch. 12 - Prob. 10Q
Ch. 12 - Prob. 11QCh. 12 - What are noncash investing and financing...Ch. 12 - Prob. 13QCh. 12 - Prob. 1MCQCh. 12 - Prob. 2MCQCh. 12 - Prob. 3MCQCh. 12 - Prob. 4MCQCh. 12 - Prob. 5MCQCh. 12 - Prob. 6MCQCh. 12 - Prob. 7MCQCh. 12 - Prob. 8MCQCh. 12 - Prob. 9MCQCh. 12 - Prob. 10MCQCh. 12 - Prob. 12.1MECh. 12 - Determining the Effects of Account Changes on Cash...Ch. 12 - Prob. 12.3MECh. 12 - Prob. 12.4MECh. 12 - Prob. 12.5MECh. 12 - Prob. 12.6MECh. 12 - Prob. 12.7MECh. 12 - Prob. 12.1ECh. 12 - Prob. 12.2ECh. 12 - Prob. 12.3ECh. 12 - Prob. 12.4ECh. 12 - Prob. 12.5ECh. 12 - Prob. 12.6ECh. 12 - Prob. 12.7ECh. 12 - Reporting and Interpreting Cash Flows from...Ch. 12 - Prob. 12.9ECh. 12 - Prob. 12.10ECh. 12 - Prob. 12.11ECh. 12 - Inferring Balance Sheet Changes from the Cash Flow...Ch. 12 - (Chapter Supplement B) Computing and Reporting...Ch. 12 - During the period, Sanchez Company sold some...Ch. 12 - Prob. 12.15ECh. 12 - Prob. 12.16ECh. 12 - Prob. 12.17ECh. 12 - Prob. 12.18ECh. 12 - Prob. 12.19ECh. 12 - Prob. 12.20ECh. 12 - Prob. 12.21ECh. 12 - (Chapter Supplement A) Reporting and Interpreting...Ch. 12 - Prob. 12.23ECh. 12 - Prob. 12.24ECh. 12 - Prob. 12.1PCh. 12 - Prob. 12.2PCh. 12 - Prob. 12.3PCh. 12 - Prob. 12.4PCh. 12 - Prob. 12.5PCh. 12 - (Chapter Supplement C) Preparing a Statement of...Ch. 12 - Prob. 12.1APCh. 12 - Prob. 12.2APCh. 12 - Prob. 12.3APCh. 12 - Prob. 12.1CONCh. 12 - Prob. 12.1CPCh. 12 - Prob. 12.2CPCh. 12 - Prob. 12.3CPCh. 12 - Prob. 12.4CPCh. 12 - Prob. 12.5CPCh. 12 - Prob. 12.6CP
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- 1. What is the net cash provided by financing activities? 2.What is the net cash used in investing activities?arrow_forwarda. Net income was $476,000. b. Issued common stock for $80,000 cash. c. Paid cash dividend of $18,000. d. Paid $100,000 cash to settle a long-term notes payable at its $100,000 maturity value. e. Paid $117,000 cash to acquire its treasury stock. f. Purchased equipment for $93,000 cash. Use the above information to determine cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign.) F3 Statement of Cash Flows (partial) Cash flows from financing activities E5 *8 F8 F9 F10 Connec B CAP F11 THE O Parrow_forwarda. Net income was $477,000. b. Issued common stock for $71,000 cash. c. Paid cash dividend of $18,000. d. Paid $120,000 cash to settle a long-term notes payable at its $120,000 maturity value. e. Paid $120,000 cash to acquire its treasury stock. f. Purchased equipment for $90,000 cash. Use the above information to determine cash flows from financing activities. Note: Amounts to be deducted should be indicated with a minus sign. Statement of Cash Flows (partial) Cash flows from financing activitiesarrow_forward
- I need help with thisarrow_forwardUse the following information to calculate the net cash provided (inflow) or used by (outflow) from financing activities for the Lulu Corporation: (a) Net income, $10,000 (b) Sold common stock for $40,000 cash (c) Paid cash dividend of $13,000 (d) Repayment of bond payable, $26,000 (e) Purchased equ for $12,000 cash (f) Issued long term mortgage notes payable for $250,000 cash. (Note: in the answer space, write only the number, with no $ signs or commas. That is, if your answer is $1,000, white it as : 1000 ). Answer:arrow_forwardA company issued common stock for $20,000; sold office equipment for $4,000, paid cash dividends of $6,000, purchased investments for $1,000, paid accounts payable of $4,000. In their Statement of Cash Flows what was the net cash inflow (outflow) from financing activities?arrow_forward
- Use the information given below to determine this company's cash flows from financing activities: a. net income was $472,000. b. issued common stock for $75,000 cash. c. Paid cash dividend of $13,000. d. paid $120,000 cash to settle a note payable at its $120,000 maturity value. e. paid $118,000 cash to acquire its treasury stock. f. purchased equipment for $92,000 cash.arrow_forwardBad Brad's BBQ had cash flows for the year as follows ($ in millions): Cash received from: Customers Interest on investments Sale of land Sale of common stock Issuance of debt securities Cash paid for: $2,900 260 120 550 2,400 Interest on debt Income taxes Debt principal reduction Purchase of equipment Purchase of inventory Dividends on common stock Operating expenses Bad Brad's would report net cash inflows (outflows) from investing activities in the amount of: Multiple Choice $340 90 1,500 4,100 850 200 550arrow_forwardAssume a company’s balance sheet showed beginning and ending balances in the Long-Term Investments account of $1,100,000 and $900,000, respectively. The company sold a long-term investment that cost $300,000 and recorded a gain on this sale of $35,000. Based solely on the information provided, the company’s net cash provided by (used in) investing activities would be: Multiple Choice $200,000. $300,000. $235,000. $335,000.arrow_forward
- 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 isarrow_forwardUse the following information to calculate the net cash provided (inflow) or used by (outflow) from financing activities for the Lulu Corporation: (a) Net income, $12,000 (b) Sold common stock for $44,000 cash (c) Paid cash dividend of $15,000 (d) Repayment of bond payable, $26,000 (e) Purchased equipment for $12,000 casharrow_forwardWhat is the net cash provided by investing activities?arrow_forward
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