Dec. 31, Year 2 Dec. 31, Year 1 Investment in Raven Company stock (in millions) $281 $264
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Hawkeye Company’s
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In addition, the Year 2 Hawkeye Company income statement disclosed equity earnings in the Raven Company investment as $25 million. Hawkeye Company neither purchased nor sold Raven Company stock during Year 2. The fair value of the Raven Company stock investment on December 31, Year 2, was $310 million. Explain the change in Investment in Raven Company Stock from December 31, Year 1, to December 31, Year 2.
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- #9 Item Prior year Current year Accounts payable 8,123.00 7,716.00 Accounts receivable 6,048.00 6,607.00 Accruals 997.00 1,500.00 Cash ??? ??? Common Stock 10,094.00 11,603.00 COGS 12,653.00 18,393.00 Current portion long-term debt 4,911.00 5,090.00 Depreciation expense 2,500 2,763.00 Interest expense 733 417 Inventories 4,245.00 4,824.00 Long-term debt 14,141.00 13,226.00 Net fixed assets 51,826.00 54,004.00 Notes payable 4,339.00 9,940.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,688.00 30,532.00 Sales 35,119 45,044.00 Taxes 2,084 2,775 What is the firm's cash flow from financing? Answer format: Number: Round to: 0 decimal places.Company A purchased 44% ($250,000) of Company b in common stock at an 8% discount. He paid $5,700 in commissions. At the end of the year Company A. should have an adjusted balance in his Company b. investment account of ______________ . a.Debit Investment $276,620 b.Investment Credit of $276,620 c.Debit to Investments of $304,780 d.Investment Credit of $304,780#10 Item Prior year Current year Accounts payable 8,123.00 7,716.00 Accounts receivable 6,048.00 6,607.00 Accruals 997.00 1,500.00 Cash ??? ??? Common Stock 10,094.00 11,603.00 COGS 12,653.00 18,393.00 Current portion long-term debt 4,911.00 5,090.00 Depreciation expense 2,500 2,763.00 Interest expense 733 417 Inventories 4,245.00 4,824.00 Long-term debt 14,141.00 13,226.00 Net fixed assets 51,826.00 54,004.00 Notes payable 4,339.00 9,940.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,688.00 30,532.00 Sales 35,119 45,044.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year? Answer format: Number: Round to: 0 decimal places.
- Post closing balance debit credit Non current assets 1 414 000 Current assets 412 000 Ordinary share capital 1 300 000 Retained earnings 272 400 Non current liabilities 180 000 Current liabilities 74 000 1 826 400 1 826 400 Until June 20x2, 1 300 000 ordinary shares had been issued, for N$1 each. The following equity transaction took place during the year ended 30 June 20x3 On 1 July 20x2, the company issued 200 000 12% preference shares for N$1.25 each. Share issue costs of N$6 150 were incurred and paid. On 30 September 20x2 the company issued 300 000 ordinary shares for N$1.25 per share. Share issue costs of N$15 625 were incurred and paid. On 30 December 20x2 the directors authorized and declared a ordinary dividend of 50 cents per share. The profit for the period ended 30 June 20x3 amounted to N$112 800. On June 20x3 the directors authorized a capitalization of one ordinary share of N$ for every 8 held, The preference dividend was paid on…QUESTION 4 The balances following balances are extracted from the book of MCCV Berhad at 1 January 2019. RMIssued and paid up ordinary shares capital (2,000,000 units) 2,000,000Retained earnings 900,000 The following transactions occurred during the year ended 31 December 2019: i) Profit for the year ended 31 December 2019 was RM1,500,400.ii) On 20 February, the company made a rights issue of 2 ordinary share for every 10 existingordinary shares held at RM1.50 per share. All shareholders exercised their rightiii) On 1 May 2019, the company made an additional issuance of 500,000 ordinary shares atRM1.25 per share. Total applications received were 600,000 ordinary shares. 500,000ordinary shares were allotted and the excess applicants’…On April 10, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current market price of $73. Journalize this transaction. If an amount box does not require an entry, leave it blank.Apr. 10
- On April 10, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current market price of $75.Journalize this transaction. If an amount box does not require an entry, leave it blank.Apr. 1012. Samantha Company had the following account balances at the end of May of the current year: Cash P48,500; Trading Securities P32.800; Receivables P72.300; Inventories P37,490; Machinery & Equipment P678.100: Furniture & Fixtures P100,640; Prepayments P85,280; Building P700,200; Patents P76,460; Trademark P56.790: Accounts Payable P276,420; Unearned Revenues P54,750; Bonds Payable P290,000; Mortgage Payable P12,370; Accrued Expenses P7,890; Interest Income P32.000: Service Revenue P765.340. Compute for the capital:*Accounting Item Prior year Current year Accounts payable 8,191.00 7,813.00 Accounts receivable 6,005.00 6,798.00 Accruals 1,036.00 1,622.00 Cash ??? ??? Common Stock 10,961.00 12,712.00 COGS 12,797.00 18,122.00 Current portion long-term debt 4,914.00 5,086.00 Depreciation expense 2,500 2,842.00 Interest expense 733 417 Inventories 4,175.00 4,807.00 Long-term debt 13,319.00 14,034.00 Net fixed assets 51,854.00 54,984.00 Notes payable 4,372.00 9,863.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,779.00 29,650.00 Sales 35,119 47,875.00 Taxes 2,084 2,775 What is the firm's net income in the current year? (5547.00?) What is the firm's dividend payment in the current year?
- Accounting Item Prior year Current year Accounts payable 8,191.00 7,813.00 Accounts receivable 6,005.00 6,798.00 Accruals 1,036.00 1,622.00 Cash ??? ??? Common Stock 10,961.00 12,712.00 COGS 12,797.00 18,122.00 Current portion long-term debt 4,914.00 5,086.00 Depreciation expense 2,500 2,842.00 Interest expense 733 417 Inventories 4,175.00 4,807.00 Long-term debt 13,319.00 14,034.00 Net fixed assets 51,854.00 54,984.00 Notes payable 4,372.00 9,863.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,779.00 29,650.00 Sales 35,119 47,875.00 Taxes 2,084 2,775 What is the firm's cash flow from operations,financing and investing?Item Prior year Current year Accounts payable 8,191.00 7,813.00 Accounts receivable 6,005.00 6,798.00 Accruals 1,036.00 1,622.00 Cash ??? ??? Common Stock 10,961.00 12,712.00 COGS 12,797.00 18,122.00 Current portion long-term debt 4,914.00 5,086.00 Depreciation expense 2,500 2,842.00 Interest expense 733 417 Inventories 4,175.00 4,807.00 Long-term debt 13,319.00 14,034.00 Net fixed assets 51,854.00 54,984.00 Notes payable 4,372.00 9,863.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,779.00 29,650.00 Sales 35,119 47,875.00 Taxes 2,084 2,775 What is the firm's total change in cash from the prior year to the current year?Item Prior year Current year Accounts payable 8,142.00 7,800.00 Accounts receivable 6,080.00 6,533.00 Accruals 1,000.00 1,591.00 Cash ??? ??? Common Stock 10,841.00 12,035.00 COGS 12,636.00 18,261.00 Current portion long-term debt 5,012.00 4,989.00 Depreciation expense 2,500 2,763.00 Interest expense 733 417 Inventories 4,255.00 4,779.00 Long-term debt 14,380.00 13,783.00 Net fixed assets 51,230.00 54,549.00 Notes payable 4,365.00 9,899.00 Operating expenses (excl. depr.) 13,977 18,172 Retained earnings 28,008.00 30,075.00 Sales 35,119 45,203.00 Taxes 2,084 2,775 What is the firm's cash flow from operations?