Brought additional capital into the business Deposited into bank Purchased goods and paid by cheque Purchased goods from Taghleef Industrial Company and got 5% trade discount Cash Sales Goods returned to Taghleef Industrial Company Purchased Equipment from Oman National Engineering Company Withdrew from bank for office use Sold goods to National Industries Jan 2 Jan 31 Feb 1 30,0 00 20,000 5,000 15,000 Feb 2 Mar 1 Mar 2 10,000 1,000 20,000 Mar 31 Apr 1 Apr 2 2,000 15,000

Brought additional capital into the business Deposited into bank Purchased goods and paid by cheque Purchased goods from Taghleef Industrial Company and got 5% trade discount Cash Sales Goods returned to Taghleef Industrial Company Purchased Equipment from Oman National Engineering Company Withdrew from bank for office use Sold goods to National Industries Jan 2 Jan 31 Feb 1 30,0 00 20,000 5,000 15,000 Feb 2 Mar 1 Mar 2 10,000 1,000 20,000 Mar 31 Apr 1 Apr 2 2,000 15,000

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.24MCE

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According to the information given in the table below, which of the following is cash flow from financing activities? Increase in loan 25800 Increase in bonds 84000 Decrease in common stock 29600 Increase in land 18500 22222 Depreciation Select one: O a. -39478 O b. 19300 O c. 44444 O d. 80200
View Policies Show Attempt History Current Attempt in Progress Sheridan Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) $20,240 Cash on hand 1,540 Prepaid insurance 1.840 Cash in bank (chequing account) 12,880 Postdated cheques received from customers 920 (a) Your answer is correct. What amount should be reported as cash and cash equivalents in the statement of financial position? Cash 34660 eTextbook and Media Attempts: 1 of 3 used
According to the information given in the table below, which of the following is cash flow from financing activities? Increase in loan 25800 Increase in bonds 84000 Decrease in common stock 29600 Increase in land 18500 Depreciation 22222 Select one: O a. 44444 O b. - 19300 O C. 39478 O d. 80200 Next page e to search R BY NTM
Cash Accounts receivable Investments Plant assets (net) Land During 2025, the following occurred. 1. 2. 3. 4. 5. 6. 7. (c) Blue Inc. Balance Sheet December 31, 2024 $23,380 Accounts payable 24,580 Bonds payable 32,000 Common stock 84,380 Retained earnings 43,380 $207,720 Free cash flow $33,380 44,380 103,380 26,580 $207,720 Blue liquidated its available-for-sale debt investment portfolio at a loss of $8,380. A tract of land was purchased for $41,380. An additional $30,000 in common stock was issued at par. Dividends totaling $13,380 were declared and paid to stockholders. Net income for 2025 was $38,380, including $15,380 in depreciation expense. Land was purchased through the issuance of $33,380 in additional bonds. At December 31, 2025, Cash was $73,580, Accounts Receivable was $45,380, and Accounts Payable was $43,380. Compute Blue's free cash flow and current cash debt coverage for 2025. (Round current cash debt coverage to 2 decimal places, e.g. 0.62:1. Show amount that decrease…
According to the information given in the table below, which of the following is cash flow from financing activities? Increase in bank loan 58000 Decrease in bonds 15500 Increase in common stock 18500 Increase in Inventory 22000 Depreciation 31300 Select one: O a. 64000 O b. 53500 O c. 61000 O d. - 18000
View Policies Current Attempt in Progress The following data are available for Marigold Company. Increase in accounts $120300 payable Increase in bonds payable 300700 Sale of investments 149200 Issuance of common stock 159500 Payment of cash 90700 dividends Net cash provided by financing activities is: O $369500. O $421000. O $359200. O $178800. Save for Later Attempts: 0 of 1 used Submit Answer
Problem 17-4 (IAA) Pro Forest Company provided the following information for the preparation of a statement of cash flows for the current year Fear state 2020 2019 Cas! Accc Inve Inve Lan Pro Acc Goc 300,000 Cash and cash equivalents Trading securities Accounts receivable, net of allowance Inventory Property, plant and equipment (net) Goodwill Discount on bonds payable 603,000 300,000 200,000 600,000 900,000 2,000,000 200,000 72,000 520,000 840,000 2,100,000 200,000 100,000 4,675,000 4,260,000 Acc No Во Sh. Sh Re Tr 490,000 310,000 800,000 800,000 210,000 1,000,000 Accounts payable Accrued expenses Bonds payable Preference share capital, P100 par, each share convertible into two ordinary shares Ordinary share capital, P20 par Share premium Retained earnings 500,000 700,000 400,000 650,000 400,000 820,000 500,000 1,355,000 A 4,675,000 4,260,000 1. Additional information 2. 1. Net income for the current year was P1,705,000. 2. Cash dividend paid during the year totaled P1,000,000. 3. The…
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According to the information given in the table below, which of the following is cash flow from financing activities? Increase in loan 52000 Increase in bonds 25500 Decrease in common stock 13500 Increase in Inventory 16000 Depreciation 38000 Select one: a. - 10000 b. 26000 O c. 43500 O d. 64000
paper, due 1/26/x2 150,000 180-day certificate of deposit, due 3/1/x2 Tax fund 80,000 56,000 235,000 Payroll fund Plant expansion fund Sinking fund Total Cash and Cash equivalents 198,034 467,000 9,055,458 What is the correct amount of Cash and Cash Equivalents to be reported in Paulaner Co.'s 20x1 statement of financial position? b. 8,310,424 a. 8,300,661 C. 8,380,661 d. 8,390,424 3. Athena Co. held the following items on Dec. 31, 20x1: Petty cash fund (currencies and coins, P6,000) 10,000 65,000 Cash on hand (per cash count sheet on Dec. 31, 20x1) Cash in bank (per ledger) 2,890,000 Customer's check #109 - dated Dec. 29, 20x1 190,000 Customer's check #392 - dated Jan. 8, 20x2 20,000 Athena Co.'s check #567 - dated Dec. 29, 20x1 54,000 NSF check (received from the bank on Dec. 30, 20x1) 40,000 All the checks were recorded when they were collected (drawn) by a debit (credit) to the Cash in bank account. The NSF* check was recorded when it was received from the customer. However, the…
View Policies Current Attempt in Progress Sheridan Inc. owns these assets at the statement of financial position date: Cash in bank (savings account) $20,240 Cash on hand 1,540 Prepaid insurance 1.840 Cash in bank (chequing account) 12,880 Postdated cheques received from customers 920 (a) What amount should be reported as cash and cash equivalents in the statement of financial position? Cash $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer