ABC Co. had the following activities in 2020: OMR 55000 Issue of common stock Increase in receivables OMR 19000 Decrease in Land OMR 38000 Decrease in inventory OMR 20000 Sale of Building OMR 14000 Payment of Bank loan OMR 23000 Purchase of equipment OMR 15000 Purchase of available-for-sale securities OMR 25000 Sale of Machinery OMR 10000 What is the cash flows from Investing activities? Select one: a. None of the options b. OMR 22000 c. OMR 24000 d. OMR 18000

ABC Co. had the following activities in 2020: OMR 55000 Issue of common stock Increase in receivables OMR 19000 Decrease in Land OMR 38000 Decrease in inventory OMR 20000 Sale of Building OMR 14000 Payment of Bank loan OMR 23000 Purchase of equipment OMR 15000 Purchase of available-for-sale securities OMR 25000 Sale of Machinery OMR 10000 What is the cash flows from Investing activities? Select one: a. None of the options b. OMR 22000 c. OMR 24000 d. OMR 18000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 14GI: Dunn Company recognized a 5,000 unrealized holding gain on investment in Starbuckss long-term bonds...

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During 2021, Anthony Company purchased debt securities as a long-term investment and classified them as trading. All securities were purchased at par value. Pertinent data are as follows: The net holding gain or loss included in Anthonys income statement for the year should be: a. 0 b. 3,000 gain c. 9,000 loss d. 12,000 loss
XYZ Co. had the following activities in 2020 :Issuance of common stock 350000 Payment of dividends 164000 Issuance of bonds payable 50000 Sale of long Term Assets 24000 Bank loan repaid 125000 Purchase of equipment 53000 Purchase of available-for-sale securities 43000 Purchase of treasury stock 15000 Prepare the cash flows from Financing a. 96000 OMR b. None of the options c. 96000 OMR d. 10000OMR
XYZ Co. had the following activities in 2020 Issuance of common stock 98000 Payment of dividends 164000 Issuance of bonds payable 25000 Sale of long Term Assets 24000 Bank loan repaid 23000 Purchase of equipment 53000 Purchase of available-for- sale securities 43000 Purchase of treasury stock 15000 Prepare the cash flows from Financing 170000OMR Ob. 146000 OMR O C. None of the options O d. 164000 OMR
XYZ Co. had the following activities in 2020 :Issuance of common stock 250000 Payment of dividends 125000 Issuance of bonds payable 80000 Sale of long Term Assets 24000 Bank loan repaid 100000 Purchase of equipment 53000 Purchase of available-for-sale securities 43000 Purchase of treasury stock 15000 Prepare the cash flows from Financing a. 100000OMR b. 90000 OMR c. 84000 OMR d. None of the options
The comparative balance sheets for Metlock Corporation show the following information. December 312020 2019Cash $33,500 $12,900Accounts receivable 12,400 10,000Inventory 12,100 9,000Available-for-sale debt investments –0– 3,000Buildings –0– 29,800Equipment 44,800 19,900Patents 5,000 6,300 $107,800 $90,900Allowance for doubtful accounts $3,100 $4,500Accumulated depreciation—equipment 2,000 4,500Accumulated depreciation—building –0– 6,000Accounts payable 5,000 3,000Dividends payable –0– 4,900Notes payable, short-term (nontrade) 3,000 4,100Long-term notes payable 31,000 25,000Common stock 43,000 33,000Retained earnings 20,700 5,900 $107,800 $90,900 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40% depreciated at time of disposal was sold for $2,500.2. $10,000 of the long-term note payable was paid by issuing common stock.3. Cash dividends paid were $4,900.4. On January…
ABC Co. had the following activities in 2020:Issuance of common stock 58000 Payment of dividends 64000 Issuance of bonds payable 25000 Sale of long Term Assets 105000 Bank loan repaid 23000 Purchase of equipment 53000 Purchase of available-for-sale securities 43000 Purchase of treasury stock 15000 Prepare the cash flows from investing a. 9000 OMR b. 8700OMR c. 7200 OMR d. None of the options
ABC Co. had the following activities in 2020:Issuance of common stock 58000 Sales of Furniture 50000 OMR Payment of dividends 64000 Issuance of bonds payable 25000 Sale of long Term Assets 250000 Bank loan repaid 23000 Purchase of equipment 153000 Purchase of available-for-sale securities 80000 Purchase of treasury stock 10000 Prepare the cash flows from investing a. 70000 OMR b. 75000 OMR c. None of the options d. 67000 OMR
The comparative balance sheets for Novak Corporation show the following information. December 31 2020 2019 Cash $33,600 $13,100 Accounts receivable 12,100 10,000 Inventory 12,100 9,000 Available-for-sale debt investments –0– 3,100 Buildings –0– 29,400 Equipment 45,000 20,200 Patents 4,900 6,300 $107,700 $91,100 Allowance for doubtful accounts $3,100 $4,500 Accumulated depreciation—equipment 2,000 4,500 Accumulated depreciation—building –0– 5,900 Accounts payable 4,900 3,100 Dividends payable –0– 5,000 Notes payable, short-term (nontrade) 3,000 4,100 Long-term notes payable 31,000 25,000 Common stock 43,000 33,000 Retained earnings 20,700 6,000 $107,700 $91,100 Additional data related to 2020 are as follows. 1. Equipment that had cost $11,000 and was 40%…
Kiley corporation had these transactions during 2022. Indicate whether each transactions is an operating activity, investing activity, financing activity, or noncash investing and financing activity (a) purchased a machine for $30000, giving a long term note in exchange (b) issued $50,par value common stock for cash(c) issued $200000 par value common stock upon conversion of bonds having face value of $20000 (d) declared and paid a cash dividend of $13000 (e) sold a long term with a cost of $15000 for $15000 cash (f) collected $16000 from sale of good (g) paid $18000 to suppliers
Tabares Corporation had these transactions during 2020.Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity. (a) Issued $50,000 par value common stock for cash. Investing ActivitiesNoncash Investing and/or Financing ActivitiesOperating ActivitiesFinancing Activities (b) Purchased a machine for $30,000, giving a long-term note in exchange. Investing ActivitiesOperating ActivitiesNoncash Investing and/or Financing ActivitiesFinancing Activities (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. Operating ActivitiesNoncash Investing and/or Financing ActivitiesFinancing ActivitiesInvesting Activities (d) Declared and paid a cash dividend of $18,000. Operating ActivitiesFinancing ActivitiesNoncash Investing and/or Financing ActivitiesInvesting Activities (e)…
ABC Co. had the following activities in 2020:Issue of common stock OMR 28000 Increase in receivables OMR 16000 Decrease in Land OMR 75000 Decrease in inventory OMR 25000 Sale of Building OMR 14000 Payment of Bank loan OMR 23000 Purchase of equipment OMR 55000 Purchase of available-for-sale securities OMR 43000 Sale of Machinery OMR 25000 What is the cash flows from Investing activities? a. OMR 50000 b. OMR 16000 c. None of the options d. OMR 90000
Tabares Corporation had these transactions during 2020.Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity. (a) Issued $50,000 par value common stock for cash. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (b) Purchased a machine for $30,000, giving a long-term note in exchange. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (d) Declared and paid a cash dividend…