Domestic Assume the following excerpts from a company's balance sheet:BeginningBalanceEndingBalanceBonds payableCommon stockRetained earnings$ 500,000$ 950,000$ 650,000$950,000$ 375,000$ 440,000During the year, the company's net income was $120,000 and it did not retire any bonds or issue or repurchase any common stock.Required:Calculate the net cash provided by (used in) financing activities.

Name: Domestic Assume the following excerpts from a company's balance sheet:
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Description: Domestic Assume the following excerpts from a company's balance sheet:BeginningBalanceEndingBalanceBonds payableCommon stockRetained earnings$ 500,000$ 950,000$ 650,000$950,000$ 375,000$ 440,000During the year, the company's net income was $120,000 a

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the following excerpts from a company's balance sheet: Bonds payable Beginning Balance Ending Balance $ 650,000 $ 500,000 $ 950,000 $ 950,000 $ 375,000 $ 440,000 Common stock Retained earnings During the year, the company's net income was $120,000 and it did not retire any bonds or issue or repurchase any common stock. Required: Calculate the net cash provided by (used in) financing activities.

the following excerpts from a company's balance sheet: Bonds payable Beginning Balance Ending Balance $ 650,000 $ 500,000 $ 950,000 $ 950,000 $ 375,000 $ 440,000 Common stock Retained earnings During the year, the company's net income was $120,000 and it did not retire any bonds or issue or repurchase any common stock. Required: Calculate the net cash provided by (used in) financing activities.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter12A: The Statement Of Cash Flows

Section: Chapter Questions

Problem 3P

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Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income, 68,000 b. Increase in accounts receivable, 4,400 c. Receipt from sale of common stock, 12,300 d. Depreciation expense, 11,300 e. Dividends paid, 24,500 f. Payment for purchase of building, 65,000 g. Bond discount amortization, 2,700 h. Receipt from sale of long-term investments at cost, 10,600 i. Payment for purchase of equipment, 8,000 j. Receipt from sale of preferred stock, 20,000 k. Increase in income taxes payable, 3,500 l. Payment for purchase of land, 9,700 m. Decrease in accounts payable, 2,900 n. Increase in inventories, 10,300 o. Beginning cash balance, 18,000 Required: Prepare Mueller Company's statement of cash flows.
The following is an extract from the financial statements of Pompeii at 31 October: 20X7 20X6 $00 $000 Equity and liabilities: Share capital 120 80 Share premium 60 40 Retained earnings 85 68 265 188 Non-current liabilities: Bank loan 100 150 365 338 What Pompeii's net cash inflow or outflow from financing activities to include in the statement of cash flows for the year ended 31 October 20X7?
Determining Cash Flows from Financing Activities Nichols Inc. reported the following amounts on its balance sheet for equity: Common stock Retained earnings Required: Jan. 1 $105,000 376,750 Dec. 31 $162,000 455,490 Assume that, for the current year, Nichols did not retire any stock, it reported $94,300 of net income for 2019, and any dividends declared were paid in cash. Determine the amounts Nichols would report in the financing section of the statement of cash flows. Issuance of common stock Payment of cash dividends
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suppose that a company's cash flow statement showed the following: net income: 22,523.99 deprecitation 4580.77 accounts receivable -543.32 inventory 592.81 accounts payable 880.05 what is this companys net cash from operating activities? A. 23,453.53 B. 27,154.25 C. 27,697.57 D. 28,034.30 E. 27,441.48
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Financing Activities on the Statement of Cash Flows Cosmat Inc. reported net income of $128,000 for 20Y9. The liability and equity accounts from the company's comparative balance sheet are as follows: Dec. 31, 20Y9 Dec. 31, 20Y8 Accounts payable $57,920 $53,810 Dividends payable 20,000 16,000 Bonds payable 290,000 450,000 Common stock, $10 par value 180,000 120,000 Paid-in capital in excess of par-common stock 328,000 232,000 Retained earnings 488,000 375,000 During the year, the company retired bonds payable at their face amount, declared dividends of $15,000, and issued 6,000 shares of common stock for $26 per share. Prepare the Cash Flows from (used for) Financing Activities section of the statement of cash flows. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or aný negative adjustments. Cosmat Inc. Statement of Cash Flows (partial) Cash flows from (used for) financing activities:
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Accounting Suppose that a company's cash flow statement showed the following: o Net Income: $19,917.48 o Depreciation: $3,109.46 o Accounts receivable: $-996.63 o Inventory: $489.61 o Accounts payable: $984.18 What is this company's net cash from operating activities? $22,519.92 $23,014.49 $23,516.55 $20,394.64 $23,504.10