In Blue Spruce Corp., land decreased $351000 because of a cash sale for $351000, the equipment account increased $117000 as a result of a cash purchase, and bonds payable increased $390000 from issuance for cash at face value. The net cash provided by investing activities is

In Blue Spruce Corp., land decreased $351000 because of a cash sale for $351000, the equipment account increased $117000 as a result of a cash purchase, and bonds payable increased $390000 from issuance for cash at face value. The net cash provided by investing activities is

Name: In Blue Spruce Corp., land decreased $351000 because of a cash sale fo
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Description: In Blue Spruce Corp., land decreased $351000 because of a cash sale for $351000, the equipment account increased $117000 as a result of a cash purchase, and bonds payable increased $390000 from issuance for cash at face value. The net cash provided b

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 5RE: In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts...

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In the current year, Harrisburg Corporation had net income of 35,000, a 9,000 decrease in accounts receivable, a 7,000 increase in inventory, an 8,000 increase in salaries payable, a 13,000 decrease in accounts payable, and 10,000 in depreciation expense. Using the indirect method, prepare the operating activities section of its statement of cash flows based on this information.
In Jackson Jones Company, land decreased $180,000 because of a cash sale for $180,000, the equipment account increased $60,000 as a result of a cash purchase, and Bonds Payable increased $200,000 from issuance for cash at face value. The net cash provided by investing activities is
In Concord Corporation, land decreased $205200 because of a cash sale for $205200, the equipment account increased $68400 as a result of a cash purchase, and bonds payable increased $228000 from issuance for cash at face value. The net cash provided by investing activities is?
in Kingbird, Inc., land decreased $342900 because of a cash sale for $342900, the equipment account increased $114300 as a result of a cash purchase, and bonds payable increased $381000 from issuance for cash at face value. The net cash provided by investing activities is $228600. $266700. $609600. $342900.
1. Use the following excerpts from Nutmeg Company’s financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year $83,700 Purchased land this year 20,000 Sold investments this year 31,500 Original cost of investments that were sold 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities? Net cash flows from investing activities?
If a gain of $8,081 is realized in selling (for cash) office equipment having a book value of $62,903, the total amount reported in the cash flows from investing activities section of the statement of cash flows is:
If a gain of $8,077 is realized in selling (for cash) office equipment having a book value of $59,041, the total amount reported in the investing activities section of the statement of cash flows is?
If a gain of RO 20,.000 is made in relation to selling (for cash) office equipment having a book value of RO Bo.000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is Select one O a RO 60,00o. O b RO20,0o0. c RO 100,000. O d RO 80.0o00.
Use the following excerpts from Nutmeg Company's financial records to determine net cash flows from operating activities and net cash flows from investing activities. Net income this year Purchased land this year Sold investments this year Original cost of investments that were sold $83,700 20,000 31,500 33,000 PLEASE NOTE: All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345). Net cash flows from operating activities Net cash flows from investing activities
Bad Brad's BBQ had cash flows for the year as follows ($ 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 4,100 850 200 550
If a gain of $30,000 is incurred in selling (for cash) long-term investments having a book value of $180,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a. $150,000. b. $180,000. c. $210,000. d. $30,000.
Assume the company purchases land for $1,000,000, paying $ 400,000 cash and borrowing the remainder with long-term notes payable. How should this transaction be reported on a statement of cash flows?