Required information Exercise 12-10A (Algo) Determining cash flows from investing activities LO 12-3 [The following information applies to the questions displayed below.] The following accounts and corresponding balances were drawn from Delsey Company's Year 2 and Year 1 year-end balance sheets: Account Title Investment securities Machinery Land Exercise 12-10A (Algo) Part a Year 2 $ 102,100 527,300 143,500 Other information drawn from the accounting records: 1. Delsey incurred a $1,300 loss on the sale of investment securities during Year 2. 2. Old machinery with a book value of $4,070 (cost of $25,390 minus accumulated depreciation of $21,320) was sold. The income statement showed a gain on the sale of machinery of $4,220. 3. Delsey did not sell land during the year. Year 1 $ 112,700 427,100 98,000 Amount of cash flow Cequired . Compute the amount of cash flow associated with the sale of investment securities.

Statement of Cash Flows—Indirect Method The comparative balance sheet of Merrick Equipment Co. for December 31, 20Y9 and 20Y8, is as follows:   Dec. 31, 20Y9 Dec. 31, 20Y8 Assets     Cash $70,720   $47,940   Accounts receivable (net) 207,230   188,190   Inventories 298,520   289,850   Investments 0   102,000   Land 295,800   0   Equipment 438,600   358,020   Accumulated depreciation—equipment (99,110)   (84,320)     Total assets $1,211,760   $901,680         Liabilities and Stockholders' Equity     Accounts payable $205,700   $194,140   Accrued expenses payable 30,600   26,860   Dividends payable 25,500   20,400   Common stock, $1 par 202,000   102,000   Paid-in capital: Excess of issue price over par—common stock 354,000   204,000   Retained earnings 393,960   354,280     Total liabilities and stockholders' equity $1,211,760   $901,680   Additional data obtained from an examination of the accounts in the ledger for 20Y9 are as follows:…

A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Assets Current assets: Cash and cash equivalents Accounts receivable. Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment. Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities. Income taxes payable Total current liabilities Bonds payable Total liabilities. Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Burgess Company Income Statement (dollars in millions) Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income. Nonoperating items: Gain on sale of equipment Income before taxes. Income taxes Net income Burgess also provided the following information: $ 4,180 2,860 1,320 912 408 2 410 144 $ 266…

Based on the following information,. Purchase of investments         $ 481   Dividends paid                            235   Interest paid                                73  Additional borrowing from bank         537  The cash flows from financing activities under GAAP would $______

Free cash flow Dillin Inc. reported the following on the company’s statement of cash flows in 20Y2 and 20Y1: Line Item Description 20Y2 20Y1 Net cash flows from operating activities $520,000  $485,000  Net cash flows used for investing activities (432,000) (394,000) Net cash flows used for financing activities (42,000) (58,800) Of the net cash flows used for investing activities, 60% was used for the purchase of property, plant, and equipment. a. Determine Dillin’s free cash flow for both years.

Use the following excerpts from Eagle Company’s financial records to determine net cash flows from financing activities.

Problem 14-21A (Algo) Using financial statements to prepare a statement of cash flows-direct method LO 14-2, 14-3, 14-4 The following financial statements were drawn from the records of Vernon Shoes: Balance Sheets As of December 31 Assets Cash Accounts receivable Merchandise inventory Notes receivable Equipment Accumulated depreciation- equipment Land Total assets Liabilities Accounts payable Salaries payable Utilities payable Interest payable Notes payable (long-term) Common stock Retained earnings Cost of goods sold Gross margin Year 2 $128,740 57, 846 125, 182 $ 27,060 66,980 113,260 29,700 257,800 (81,469) (143,060) 78,500 50,000 $460, 899 $ 401,740 0 152, 100 1,325 2,410 64,000 242, 600 17,085 Total liabilities and equity $460,899 $ 401,740 $ 41,335 33, 113 663 Cash Flows From Operating Activities: Cash receipts from customers Cash Payments for: Operating expenses Salaries expense Depreciation expense Utilities expense Operating income Nonoperating items Interest expense Loss on…

Prepare a statement of cash flows using the indirect method.   unit IV question 15

Exercise 12-12 (Algo) Indirect: Preparing statement of cash flows LO P2, P3, A1 The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets At June 30 2021 2020 Assets     Cash $ 102,700 $ 52,000 Accounts receivable, net 77,000 59,000 Inventory 71,800 98,500 Prepaid expenses 5,200 7,000 Total current assets 256,700 216,500 Equipment 132,000 123,000 Accumulated depreciation—Equipment (31,000) (13,000) Total assets $ 357,700 $ 326,500 Liabilities and Equity     Accounts payable $ 33,000 $ 42,000 Wages payable 6,800 16,600 Income taxes payable 4,200 5,400 Total current liabilities 44,000 64,000 Notes payable (long term) 38,000 68,000 Total liabilities 82,000 132,000 Equity     Common stock, $5 par value 236,000 168,000 Retained earnings 39,700 26,500 Total liabilities and equity $ 357,700 $ 326,500 IKIBAN INCORPORATED Income Statement For Year Ended June 30, 2021 Sales…

Required Information Exercise 12-12 (Static) Indirect: Preparing statement of cash flows LO P2, P3, A1 [The following information applies to the questions displayed below.] The following financial statements and additional information are reported. IKIBAN INCORPORATED Comparative Balance Sheets 2021 2020 $ 87,500 65,000 $ 44,000 51,000 86,500 At June 30 Assets Cash Accounts receivable, net Inventory Prepaid expenses Total current assets Equipment Accumulated depreciation-Equipment Total assets Liabilities and Equity Accounts payable Wages payable Income taxes payable Total current liabilities Notes payable (long term) Total liabilities Equity Common stock, $5 par value Retained earnings Total liabilities and equity Sales Cost of goods sold IKIBAN INCORPORATED Income Statement 63,800 4,400 5,400 220,700 186,900 124,000 (27,000) $ 317,700 $ 25,000 115,000 (9,000) $292,900 $ 30,000 15,000 3,800 6,000 3,400 34,400 48,800 30,000 60,000 64,400 108,800 220,000 160,000 33,300 $317,700 24,100…