Need Help with this Question solution for Martinez Corporation engaged in the following cash transactions during 2014.Sale of land and building$191,000Purchase of treasury stock 40,000Purchase of land37,000Payment of cash dividend 95,000Purchase of equipment53,000Issuance of common stock 147,000Retirement of bonds100,000Compute the net cash used (provided) by financing activities.

Step 1:Identify the cash inflows and outflows related to financing activities. Financing activities…

Answered: Martinez Corporation engaged in the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 6EB: Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from...

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Use the following excerpts from Indigo Companys balance sheets to determine net cash flows from operating activities (indirect method), assuming net income for 2018 of $225,000.
Bloom Corporation engaged in the following cash transactions during 2020. Sale of land and building $183,720 Purchase of treasury stock 49,600 Purchase of land 47,000 Payment of cash dividend 88,900 Purchase of equipment 62,500 Issuance of common stock 147,300 Retirement of bonds 105,700 Compute the net cash used (provided) by financing activities.
Martinez Corporation engaged in the following cash transactions during 2020. Sale of land and building $191,000 Purchase of treasury stock 40,000 Purchase of land 37,000 Payment of cash dividend 95,000 Purchase of equipment 53,000 Issuance of common stock 147,000 Retirement of bonds 100,000 Compute the net cash provided (used) by investing activities.
Indigo Corporation engaged in the following cash transactions during 2020. Sale of land and building $182,510 Purchase of treasury stock 41,300 Purchase of land 39,300 Payment of cash dividend 94,500 Purchase of equipment 53,700 Issuance of common stock 151,800 Retirement of bonds 108,000 Compute the net cash used (provided) by financing activities. (Show amounts that decrease cash flow with either a- sign eg.-15,000 or in parenthesis e.g. (15,000).)
Colbert Corporation had the following 2017 income statement. Revenues $100,000 Expenses 60,000 $ 40,000 In 2017, Colbert had the following activity in selected accounts. Check the below image for selected account's activity. Prepare Colbert’s cash flows from operating activities section of the statement of cash flows using (a) the direct method and (b) the indirect method.
Bramble Corporation engaged in the following cash transactions during 2020. Sale of land and building $198,200 Purchase of treasury stock 43,100 Purchase of land 44,800 Payment of cash dividend 86,200 Purchase of equipment 53,800 Issuance of common stock 155,600 Retirement of bonds 108,100 Compute the net cash provided (used) by investing activities.
Wainwright Corporation had the following activities in 2017.1. Sale of land $180,000. 2. Purchase of inventory $845,000. 3. Purchase of treasury stock $72,000. 4. Purchase of equipment $415,000. 5. Issuance of common stock $320,000. 6. Purchase of available-for-sale debt securities $59,000. Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2017 statement of cash flows.
During 2018, T Company engaged in the following activities: Distribution of cash dividends declared in 2017 $ 48 Fair value of shares issued in a stock dividend 220 Payment to retire bonds 452 Proceeds from the sale of treasury stock (cost: $52) 60 In T's statement of cash flows, what were net cash outflows from financing activities for 2018?
BT21 Inc. has recorded the following transactions on its book for the year 2021. How much total Cash Inflow from financing activities that BT21 should reflected on its Statement of Cash Flow:i. Payment for interest of the issued bonds on April 1, 2021, 900.ii. Cash dividend received on the short-term investment, 5,000iii. Depreciation on plant that manufactures goods for sale, 6,000.iv. Payment of income tax on gain on sale of treasury bills, 2,000.v. Issued 500 ordinary shares for 50,000.vi. Received cash from interest on the acquired treasury bonds of BigHit Corp, 2,400.vii. Payment for marketable securities, 12,000.
Using the Financial Statements below Calculate the Free Cash flows for RPI , Inc for the year ended December 31, 2011 from an Asset perspective Calculate the Free Cash flows for RPI , Inc for the year ended December 31, 2011 from a Finance perspective ASSETS 2010 2011 LIABILITIES & EQUITY 2010 2011 Cash 12000 12750 Accounts Payables 36,000 41250 Marketable Securities 5250 5400 Notes Payables 12,000 9750 Accounts Receivables 31500 28500 Accruals 2,250 1875 Inventory 37500 69750 Tax Payable 2,250 1875 Prepaid Rent 900 825 Total Current Liabilities 52,500 54,750 Total Current Assets 87150 117225 Long Term Debt 120,000 112500 Net Plant & Equipment 214500 217500 Common Stockholders’ Equity 129150 167475 Total Assets 301650 334725 Total Liabilities and Equity 301,650 334,725 Sales 525000 Less: Cost of Goods Sold 375000 Gross…
Based on the following information, compute cash flows from financing activities under GAAP.Purchase of investments $ 250Dividends paid 1,200Interest paid 400Additional borrowing from bank 2,800
During 2014, North Dakota Company issued $1,000,000 in long-term bonds at 96 , repaid $150,000 of bonds at face value, paid interest of $80,000 , and paid dividends of $50,000 . Prepare the cash flows from the financing activities section of the statement of cash flows.

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