Swifty's Vegetable Market had the following transactions during 2020: 1. Issued $53000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $21100. 3. Acquired land by issuing common stock of par value $104000. 4. Declared and paid a cash dividend of $2500. 5. Sold a long-term investment (cost $2600) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $14500. What is the net cash provided used by investing activities? O $14500 O $8000 $37000 O ($6500)
Q: During 2019 Salalah Company purchased treasury shares for investment OMR 85,000 , paid dividends of…
A: SOLUTION- FINANCING ACTIVITIES FOCUS ON HOW A FIRM RAISES CAPITAL AND PAYS IT BACK TO INVESTORS…
Q: In addition: In 2020, Wenwen paid $5,000 of preferred stock dividends In 2020, Wenwen also paid…
A: A cash flow statement refers to those financial statements which depict the overall activities of…
Q: On July 1, 2020, Indigo Corporation purchased Young Company by paying $254,800 cash and issuing a…
A: Date Account Titles Debit ($) Credit ($) July 1 Cash 50000 Accounts Receivable 89700…
Q: In 2020, Sage Inc. Issued 1,100 shares of $10 par value common stock for land worth $45,900. (a)…
A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the…
Q: On January 1, 2020, Rose company sold 30% of its BD 500,000 investment in Sony for BD 120,000…
A: Answer: Net cash flows from investing activities:
Q: ABC Co. had the following activities in 2020:Issuance of common stock 58000 Payment of dividends…
A: Cash flow from investing activities includes purchase and sale of fixed assets and investments.
Q: The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building…
A: Investing activities are such activities involving sale & purchase of assets, investments in…
Q: Bonita Industries's transactions for the year ended December 31, 2021 included the following: •…
A: Cash flow statement provided information about the cash inflows and cash outflows of the…
Q: rane Corporation has the following accounts included in its December 31, 2020, trial balance: Equity…
A: International Accounting Standards (IAS) defined intangible assets as "an identifiable non-monetary…
Q: he Dec 31, 2018 balance sheet of Whelan inc., showed $138,000 in the common stock account and…
A: The cash flow statement is an essential part of the financial statements of the organization. It is…
Q: The comparative balance sheet of Best Buy for January 31, 2020 and 2019, is shown as follows (values…
A: Statement of cash flow is prepared to assess the flow of cash during the accounting period. The…
Q: In 2020, Stark Company Inc. had the following cash transactions: Issuance of common stock $175,000…
A: Issuance of common stock (A) = $ 175000 Payment of dividends (B) = $ 20,000 Sale of treasury stock…
Q: Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating…
A: Cash flow statement is one the important financial statement prepared along with other major…
Q: Puddycat Ltd. had the following activity during 2021: Proceeds from the sale of non-current…
A: Cash flow statement shows all cash inflows and cash outflows of the business for the particular…
Q: On January 1, 2021 Phillip Enterprises showed total assets of P5,000,000 and total liabilities and…
A: Owner equity means the amount that belong to the owner of the business. Any profit will increase…
Q: Suppose that AXE company acquires exactly 25% of the voting common stock of Company SARDAR Inc. for…
A: In case of an entity having significant influence i.e. less than 50% stake in other entity. The…
Q: 1. Prepare journal entries to record the preceding information. 2. What is the unrealized holding…
A:
Q: ABC Co. had the following activities in 2019:Issuance of common stock 58000 Payment of dividends…
A: Cash from investing activities is a part of cash flow statement. It includes all cash inflows and…
Q: YZ Co. had the following activities in 2020 :Issuance of common stock 350000 Payment of dividends…
A: Cash flow from financing activities shows us the change in capital structure such as funds raising…
Q: The following information relates to Hardin Limited’s year-ended 31 December 2020: The statement…
A: In order to determine the Earning per share, the earning available to the equity shareholders is…
Q: XYZ Co. had the following activities in 2020 Issuance of common stock 98000 Payment of dividends…
A: Cash flows from financing activities is one of the important section of cash flows statement, which…
Q: Oriole Company purchased treasury stock with a cost of $68200 during 2022. During the year, the…
A: Cash Flow Statement - It refers to the statement which shows inflow and outflow of cash and cash…
Q: The following are selected transactions for Medley Company for the year 2020. Jan. 1 Issued 60,000…
A: Journal entry is a primary entry that records the financial transactions initially.
Q: repare a statement of cash flows using the indirect method.
A:
Q: Jupiter Bank decides to invest in trading securities in order to take advantage of short-term gains.…
A: 1. Date Account Titles Debit Credit Jan. 15, 2020 Investment in Trading Securities (1,000 *…
Q: The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building…
A: Statement of cash flows: It is a financial statement that shows the increase or decrease in the cash…
Q: ACcouRing information from the records of the Sarah Jane's Clothing Corporation at the end of 2020…
A: Cash Flow from operating activities is $98,500 refer step 2 for calculation and format
Q: On July 1, 2020, Martinez Corporation purchased Young Company by paying $259,000 cash and issuing a…
A: Prepare the July 1 entry for Martinez Corporation to record the purchase: Date Accounts title…
Q: 2. During 2020, ABC company sold equipment for $120,000 cash, purchased inventory for $260,000 cash,…
A: Cash flow from Investing Activities includes all those activities that involve the flow of cash to…
Q: Marigold Corp.'s transactions for the year ended December 31, 2021 included the following: •…
A: Investing activities are those activities in the statement of cash flow which comprises the payment…
Q: During 2019 Salalah Company purchased treasury shares for investment OMR 85,000, paid dividends of…
A: Cash Flow from Investing Activities: Money created (or spent) on non-current assets that will…
Q: The following information relates to Hardin Limited's year-ended 31 December 2020: • The statement…
A: "Since you have asked multiple question we will solve the first question for you. If you want any…
Q: mith Company provided the following information on selected transactions for 2019: Net income…
A: Depreciation: It is a non cash expense that shows gradual fall in the value of the asset due to its…
Q: Consider the following scenario: A newly incorporated company ("iX Nuts") engages in the selling of…
A: 1)Journal entries for the year 2022. Sl No Account Titles Debit Credit A Cash a/c Dr…
Q: a. Compute the amount of net income or net loss that Lilly should report for 2021, taking into…
A: Investment may be defined as the allocation of amount into such avenues, financial instruments or…
Q: Philip Company purchased 250,000 ordinary shares of Smiley Company for P40 per share on April 2,…
A: Given, Total Dividend paid=P600,000Total ordinary shares outstanding=1,000,000 ordinary shares
Q: Madisun Company issued common stock for proceeds of $20,000 during 2020. The company paid dividends…
A: Statement of cash flows is a financial statement, which is prepared to identify and analyze the…
Q: Jackson Company's transactions for the year ended December 31, 2020 included the following: •…
A: Cash flow from investing activities: It is a section of the cash flow statement that shows the cash…
Q: OrangeParty had a net income of 1,050,000$ in 2021. It sold land for 200,500$ that had a book value…
A: 1. The statement of cash flows is made to track the cash movements among the three activities i.e.…
Q: On January 1, 2019, Lallo Company purchased 15% of Vintar Company's ordinary shares for P20,000,000.…
A: Introduction:- On January 1, 2019, Lallo Company purchased 15% of Vintar Company's ordinary shares…
Q: Fish Galore Corp. bought 25% of Fin Chaser Corporation's stock for $70,000 on January 1, 2020.…
A: Journal entries are passed following the golden rules of accounting Debit all assets and expenses…
Q: Suppose that AXE company acquires exactly 25% of the voting common stock of Company SARDAR Inc. for…
A: Cost method of investment valuation is to value the investment on the basis of the cost which has…
Q: Chuckwagon Company went into business on July 1, 2020. During 2020, Chuckwagon had the following…
A: The question is multiple choice question.The question is related to Change in the total assets due…
Q: chill Company purchased treasury stock with a cost of $216,000 during 2020. During the year, the…
A: Given the following information: Purchased treasury stock: $216,000 Paid dividends: $220,000 Cash…
Q: Presented below is information related to the purchases of common stock by Thomlin Company during…
A: Unrealized Investment Gain or Loss: Unrealized gain refers to a rise in the price of an item or…
Q: A dealer in securities has the following for the year 2018: Sales, shares held for sale in the…
A: Taxes: Taxes are the obligation imposed on the income earned by every taxpayer on yearly basis.…
Q: Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an…
A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…
Q: On January 1,2018, Western Motors paid $450 million for a 40% investment in Yaza Motors. Yaza earned…
A: The method used by a company for recording the profits earned on investment in another company is…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Current Attempt in Progress Sheridan's Vegetable Market had the following transactions during 2020: 1. Issued $52000 of par value common stock for cash. 2. Repaid a 6 year note payable in the amount of $15000. 3. Acquired land by issuing common stock of par value $52000. 4. Declared and paid a cash dividend of $7400. 5. Sold a long-term investment (cost $3400) for cash of $6100. 6. Acquired an investment in IBM stock for cash of $9900. What is the net cash provided by financing activities? $69300 $0 $29600 $37000Future Values and Long-Term Investments Portman Corporation engaged in the following transactions during 2020: a. On January 1, 2020, Portman deposited $12,000 in a certificate of deposit paying 6% interest compounded semiannually (3% per 6-month period). The certificate will mature on December 31, 2023 b. On January 1, 2020, Portman established an account with Lee County Bank. Portman will make quarterly payments of $2,500 to Lee beginning on March 31, 2020, and ending on December 31, 2021. Lee guarantees an interest rate of 8% compounded quarterly (2% per 3-month period). Required: 1. Prepare the cash flow diagram for each of these two investments. 2. Calculate the amount to which each of these investments will accumulate at maturity. (Note: Round answers to two decimal places.)Years Bank Total Asset 2018 STANBIC 6,205,018 2019. STANBIC. 9,295,682 2020. STANBIC 12,742,132 2018. BARCLAYS 8,994,562 2019. ABSA 11,772,546 2020. ABSA. 12,546,473 Calculate the Herfindahl-Hirschman Index (HHI) for each year using total assets and comment on the level of competition
- Calculate the risk-weighted asset for this amount. A Commercial Banking business line (15%) that reports positive profits in the last 3 years: $750,000.00 in 2017, $600,000.00 in 2018, $300,000.00 in 2019. For $550,000.00 MXN Select one: a.$82,500.00 MXN. b.$99,000.00 MXN. c.$28,500.00 MXN. d.$66,000.00 MXN.please all parts Find the following accumulated values on December 31, 2020 a) $6000 invested on May 1, 2020 at 3.6% interest. b) $20,000 invested on January 1, 2018 if &t = 0.025 + 0.02t. (c) $15,000 invested at ireal=3.25% on January 1, 2020 if inflation in 2020 is 1.75% d) Payments of $5,000 made every December 31 from 2014 to 2020 at 5% interest.An Oil firm listed on the GSE has presented the following cashflows for the next five years. Year CF to Equity Interest Exp (1-tax rate) CF to Firm 1 GH¢50 GH¢40 GH¢90 2 60 40 100 3 68 40 108 4 76.2 40 116.2 5 83.49 40 123.49 Terminal Value GH¢1,603.00 GH¢2,363.01 It was discovered by the Finance Controller in the firm that the cost of equity is 13.625% and the firm can borrow long term debt at 10%. (The tax rate for the firm is 50%). The current market value of equity is GH¢1,073 and the value of debt outstanding is GH¢800. Required: Estimate the value of equity in the firm now. Estimate the value of firm now.
- An Oil firm listed on the GSE has presented the following cashflows for the next five years. Year CF to Equity Interest Exp (1-tax rate) CF to Firm 1 GH¢50 GH¢40 GH¢90 2 60 40 100 3 68 40 108 4 76.2 40 116.2 5 83.49 40 123.49 Terminal Value GH¢1,603.00 GH¢2,363.01 It was discovered by the Finance Controller in the firm that the cost of equity is 13.625% and the firm can borrow long term debt at 10%. (The tax rate for the firm is 50%). The current market value of equity is GH¢1,073 and the value of debt outstanding is GH¢800. Required: i) Estimate the value of equity in the firm now. ii) Estimate the value of firm now. Compute the Sales Growth Index and select the best Answer: 12/31/2020 12/31/2021Cash $5,000 Cash $7,000AR $20,000 AR $45,000Current Assets $60,000 Current Assets $55,000Net Fixed Assets $100,000 Net Fixed Assets $120,000Total Assets $200,000 Total Assets $360,000Sales $400,000 Sales $450,000Cost of Sales $300,000 Cost of Sales $340,000A. The index is 1.125 and suggests earnings management B. The index is 1.125 and does not suggest earnings managementC. The index is .89 and suggests earnings management D. The index is .89 and does not suggest earnings managementFiscal year is January-December. All values PHP Millions. 2020 2019 Cash & Short Term Investments 57,461 23,022 Cash Only 21,361 20,892 Short-Term Investments 36,100 2,130 Cash & Short Term Investments Growth 149.59% -4.75% Cash & ST Investments / Total Assets 27.26% 12.28% Total Accounts Receivable 7,050 5,906 Accounts Receivables, Net 5,796 5,370 Accounts Receivables, Gross 6,455 5,762 Bad Debt/Doubtful Accounts -659 -392 Other Receivables 1,253 537 Accounts Receivable Growth 19.36% 21.46% Accounts Receivable Turnover 18.34 30.41 Inventories 10,727 12,016 Finished Goods - 9,116 Raw Materials 7,680 228 Progress Payments & Other 3,048 2,673 Other Current Assets 4,802 4,675 Prepaid Expenses 4,661 4,436 Miscellaneous Current Assets 141 239 Total Current Assets 80,041 45,619 Net Property, Plant & Equipment…
- Fiscal year is January-December. All values PHP Millions. 2020 2019 Cash & Short Term Investments 57,461 23,022 Cash Only 21,361 20,892 Short-Term Investments 36,100 2,130 Cash & Short Term Investments Growth 149.59% -4.75% Cash & ST Investments / Total Assets 27.26% 12.28% Total Accounts Receivable 7,050 5,906 Accounts Receivables, Net 5,796 5,370 Accounts Receivables, Gross 6,455 5,762 Bad Debt/Doubtful Accounts -659 -392 Other Receivables 1,253 537 Accounts Receivable Growth 19.36% 21.46% Accounts Receivable Turnover 18.34 30.41 Inventories 10,727 12,016 Finished Goods - 9,116 Raw Materials 7,680 228 Progress Payments & Other 3,048 2,673 Other Current Assets 4,802 4,675 Prepaid Expenses 4,661 4,436 Miscellaneous Current Assets 141 239 Total Current Assets 80,041 45,619 Net Property, Plant & Equipment…1. Equipment with a net book 2. There shall be no building retirements during the year. 3. One-half of the new land will be exchanged with 2,000 commou shares when the market value is about P14.25. REQUIRED: 1. Prepare a forecast cash flow statement for the year ended June 30, 2020. Exercise 5-9 During the next fiscal year ending June 30. 2020, Texas Company will make substantial investments in new product lines and in a modernization program. Significant changes to be made during the year are listed below: 1. Equipment with a net book value of P86,000 will be sold during the year. 2. All of the capital stock of Ohio Company will be exchanged with 5,000 shares of Texas Company at a time when the market value is P40 per share. P250,000 cash will also be given as part payment. 3. Bonds having a face value of P1,000,000 will be issued on June 30, 2020 at 98%. 4. Trading securities carried at market value of P200,000 will be sold for P215,000. 5. New equipment will be purchased during the…Year Called-down Paid in capital Momt Fees $21 2016 2018 $26 2018 $16 2019 $10 2020 $27 O $10.51 O$13.20 The carried interest percent is 20%. The committed capital amount is $100. The management fee percent is 2.00% What is the carried interest in 2020? $14.80 Table 13 NAV after Operating NAV before Carried Results Distributions Interest Distributions Distributions -$16 $4 $14 O $2.98 $44 $49 $5 $10