Baltimore Company had a long-term debt of $1,000,000. To extinguish this debt the company issued $1,000,000 of fully paid shares to the lender. This transaction would have the following impact on the cash flow statement: a. decrease cash by $1,000,000. b. nil impact. This is a non-cash transaction. c. increase cash flow from financing activities by $1,000,000. d. increase cash by $1,000,000.
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- The Stancil Corporation provided the following current information: Proceeds from long-term borrowing $ 13,800 Proceeds from the sale of common stock 5,000 Purchases of fixed assets 27,500 Purchases of inventories 2,600 Payment of dividends 13,800 Determine the total cash flows spent on fixed assets and NWC, and determine the cash flows to investors of the firm. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.)Rainey Enterprises loaned $40,000 to Small Company on June 1, Year 1, for one year at 6 percent interest. Required: Show the effects of the following transactions in a horizontal statements model. Note: Enter any decreases to account balances and cash outflows with a minus sign. For changes on the Statement of Cash Flows, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar. (1) The loan to Small Company (2) The adjustment at December 31, Year 1. (3) The adjustment and collection of the note on June 1, Year 2. RAINEY ENTERPRISES Horizontal Statements Model Balance Sheet Date Assets Cash + Notes Receivable + Interest Receivable + + 1. 6/1/Year 1 2. 12/31/Year 1 3. 6/1/Year 2 Adjustment 3. 6/1/Year 2 Note Collection + ++ + ++ Liabilities + Stockholders' Equity Retained Earnings Income Statement Statement of Cash…Rainey Enterprises loaned $30,000 to Small Co. on June 1, Year 1, for one year at 7 percent interest. Required Show the effects of the following transactions in a horizontal statements model. (Enter any decreases to account balances and cash outflows with a minus sign. For changes on the Statement of Cash Flows, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells require input. Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) (1) The loan to Small Co. (2) The adjustment at December 31, Year 1. (3) The adjustment and collection of the note on June 1, Year 2. RAINEY ENTERPRISES Horizontal Statements Model Balance Sheet Stockholders" Equity Retained Assets Liabilities Date Notes Receivable Interest Receivable Cash Rever Earnings 1. 6/1/Year 1 2. 12/31/Year 1 3. 6/1/Year 2 Adjustment ++ ++ ++
- The Stancil Corporation provided the following current information: Proceeds from long - term borrowing $ 13, 800 Proceeds from the sale of common stock 5, 000 Purchases of fixed assets 27,500 Purchases of inventories 2, 600 Payment of dividends 13, 800 Determine the total cash flows spent on fixed assets and NWC, and determine the cash flows to investors of the firm. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.)Duning the year, Next Tec Corp. had the following cash flows receipt trom customers, $21,000, receipt from the bank for long term borrowing. $6,200, payment to supplers, $5,200, payment of dividends, $1700, payment to workers, $3.000, and payment for machenery $9,000. What amount would be reported for net financing cash flows in the statement of cash fows? Mutiple Choice S4500 $6 200 (19,000 SA000 20 s0 ype here to search Ps 40% S/1/20 K N Alt Ctri Home oOOoBlossom Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: During the year Blossom had repaid existing debt of $316,800 and raised additional debt capital of $645,800. It also repurchased stock in the open market for a total of $44,470. What is the net cash provided by financing activities? (If an amount reduces the cash flow then enter with negative sign preceding the number e.g.-45 or parentheses e.g. (45).) Net cash provided by financing activities $
- Rainey Enterprises loaned $20,000 to Small Company on June 1, Year 1, for one year at 6 percent interest. Required Show the effects of the following transactions in a horizontal statements model. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). For any element not affected by the event, leave the cell blank. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed. (1) The loan to Small Company (2) The adjusting entry at December 31, Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2. 3. Date 1. 6/1/Y1 2. 12/31/Y1 3. 6/1/72 (Adjusting entry) 6/1/Y2 (Collection of the note) Cash + + + + Assets Notes Receivable + + + + + RAINEY ENTERPRISES Horizontal Statements Model Balance Sheet Interest Receivable = Liabilities + + + + + Stockholders' Equity Retained Earnings Income Statement Revenue -…es The Stancil Corporation provided the following current information: Proceeds from long-term borrowing $ 17,600 Proceeds from the sale of common stock Purchases of fixed assets Purchases of inventories Payment of dividends 4,600 21,600 Cash flows from the firm Cash flows to investors of the firm 2,500 15.100 Determine the cash flows from the firm and the cash flows to investors of the firm (A negative answer should be indicated by a minus sign. Do not round intermediate calculations.)Rainey Enterprises loaned $45,000 to Small Company on June 1, Year 1, for one year at 7 percent interest. Required Show the effects of the following transactions in a horizontal statements model. In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), an investing activity (IA), or a financing activity (FA). Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave cells blank if no input is needed. (1) The loan to Small Company (2) The adjusting entry at December 31, Year 1. (3) The adjusting entry and collection of the note on June 1, Year 2.
- If a company paid $38,000 of its accounts payable in cash, what was the effect on the assets, liabilities, and equity? A. B. C. D. Group of answer choices Assets would decrease $38,000, liabilities would decrease $38,000, and equity would not change. There would be no effect on the accounts because the accounts are affected by the same amount. Assets would decrease $38,000, liabilities would decrease $38,000, and equity would increase $38,000. Assets would decrease $38,000, liabilities would decrease $38,000, and equity would decrease $38,000.The Muzn Co. had operating cash flow of OMR 53.750. Depreciation was OMR 5,600 and interest paid was OMR 2,580. A net total of OMR 2,890 was paid on long-term debt. The firm spent OMR 26,000 on fixed assets and decreased net working capital by OMR 1,870. What is the amount of the cash flow to stockholders? O a. OMR 35,090 O b. OMR 24,150 O c. OMR 29.930 d. OMR 25,570 e. OMR 20,410Zirkle Company borrowed $146,000 from Plains Bank on July 31, Year 1. The note carried a 6% interest rate with a one-year term t maturity. Required: a. Show the effects of borrowing the money and the December 31, Year 1 adjustment on the accounting equation. b. What is the amount of interest expense for Year 1? c. Prepare a statement of cash flows for the Zirkle Company for Year 1. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare a statement of cash flows for the Zirkle Company for Year 1. Note: Cash outflows should be indicated with a minus sign. ZIRKLE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities Net cash flow from investing activities Cash flows from financing activities Ending cash balance Net cash flow from financing activities