Exercise #4Cookie Company earned net income of P900,000 in 2014. Cookie provided the following information:Balance Sheet20142013385,000Bonds payableMortgage payable|Common stockPaid-in capital in excess of parRetained earningsRequired:Compute the financing cash flows for the current year.100,000375,000280,0001,825,000375,000280,0002,325,000 Exercise #3During the year, Cookie Company sold equipment with a book value of P280,000 for P380,000(original purchase cost P480,000). New equipment was purchased. Cookie Company provided thefollowing comparative balance sheets:Balance Sheet20142013Long-term assetsPlant and equipmentAccumulated depreciationLand2,150,000(1,270,000)1,437,5002,200,000(1,200,000)1,000,000Required:Compute the investing cash flows for the current year.

The question is related to Cash Flow Statement. Required 1. Cash flow from Financing Activities…

Exercise #4 Cookie Company earned net income of P900,000 in 2014. Cookie provided the following information: Balance Sheet 2014 2013 Bonds payable Mortgage payable Common stock 385,000 100,000 375,000 280,000 1,825,000 375,000 Paid-in capital in excess of par Retained earnings Required: Compute the financing cash flows for the current year. 280,000 2,325,000

Exercise #4 Cookie Company earned net income of P900,000 in 2014. Cookie provided the following information: Balance Sheet 2014 2013 Bonds payable Mortgage payable Common stock 385,000 100,000 375,000 280,000 1,825,000 375,000 Paid-in capital in excess of par Retained earnings Required: Compute the financing cash flows for the current year. 280,000 2,325,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 9MCQ: Chapman Inc. purchased a piece of equipment in 2018. Chapman depreciated the equipment on a...

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