In Marigold Company, land decreased $156000 because of a cash sale for $156000, the equipment account increased $58000 as a result of a cash purchase, and Bonds Payable increased $113000 from issuance for cash at face value. The net cash provided by investing activities is $214000. O $269000. O $98000. O $156000.
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A: Correct answer is option d OMR 290,000
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A: The cash flow statement is prepared to estimate the net cash inflow or outflow from the business.
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A: Sale of asset will come under investment activities in cash flow statement.
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A: Gain (loss) on sale of building = sales value - book value = $57,462 -$38,179 = $19,283
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- Preparing a Statement of Cash Flows Monon Cable Television Company reported the following financial statements for 20l9: Required: 1. Prepare a statement of cash flows using the indirect method to compute net cash flow from operating activities. 2. CONCEPTUAL CONNECTION Explain what has been responsible for the decrease in cash.Multiple Choice Question When a company sold its equipment, it recorded a $10,000 debit to Cash and $40,000 debit to Accumulated Depreciation and a $48,000 credit to Equipment and $2,000 credit to Gain on Disposal. What will be the amount reported in the investing activities section of the statement of cash flows? O $(8,000) O $8,000 O $10,000 O $(12,000) O $12,000 O $(10,000)Question Content Area The following information relates to the Maxwell Company for 2020: Gain on sale of land $800 Bond payable premium amortization 300 Decrease in accounts payable 700 Increase in prepaid expenses 100 Net income 9,400 Purchased equipment 15,000 Increase in salaries payable 400 Proceeds from sale of land 7,000 Decrease in inventories 2,100 Payment of dividends 1,600 Depreciation expense 1,000 Required: Compute net cash provided by operating activities for the Maxwell Company for 2020. Net cash provided by operating activities
- in Kingbird, Inc., land decreased $342900 because of a cash sale for $342900, the equipment account increased $114300 as a result of a cash purchase, and bonds payable increased $381000 from issuance for cash at face value. The net cash provided by investing activities is $228600. $266700. $609600. $342900.Prepare the company's statement of cash flows indirect method for the year ended December 31, 2024. Assume investments are purchased with cash. (Use a minus sign or parentheses for amounts that result in a decrease in cash. It a box is not used in the statement leave the box empty; do not select a label or enter a zero.) More info Superior calculated the following amounts for 2024: • Acquisition value of plant assets, $89,000. • Payment of dividends, $102,000. • Payment of long-term notes payable, $3,000. • Cash receipt from issuance of common stock. $15.000. Superior Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $43 500. No cash was received upon disposalPls I need help with this 2 cashflow questions. Find attached Additional information:Equipment which had cost GH¢255, 000 and with a net book value of GH¢ 135,000 and was sold for GH¢96, 000 during the year.The cash proceeds of the sale of asset investments properties amounted to GH¢75,000.Dividends paid during the year amounted to GH¢240,000. Required:Prepare the company’s statement of cash flows for the year ended 31st December 2018, using the indirect method, adopting the format in IAS 7 Statement of cash flows.
- REQUIRED Study the statement of cash flows of Mantis Limited for the year ended 31 December 2021 and answer the following questions: Comment on the following: 1.3.1 Cash flows from operating activities (R181 800) 1.3.2. Increase in inventory (R808 000) 1.3.3 Increase in receivables (R606 000) 1.3.4 Interest paid (R80 800) 1.3.5 Cash flows from investing activities (R2 343 200) INFORMATION MANTIS LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2021 R Cash flows from operating activities (181 800) Operating profit 979 700 Depreciation ? Profit before working capital changes ? Working capital changes (808 000) Increase in inventory (808 000) Increase in receivables (606 000) Increase in payables 606 000 Cash generated from operations 494 900 Interest paid (80 800) Dividends paid ? Income tax paid (272 700) Cash flows from investing activities (2…I could only attach 2 pictures, the last picture has only one column "Cash and cash equivalents at the end of the year R36000". Questions based on the attachments.. Calculate the cash balance as at beginning of the year and state whether the balance is favorable or unfavorable. Calculate the amount of interest paid for the year ended 31 December 2020. Identify one item from the statement of cash flows below that increases cash flow but not profit. Explain why depreciation is added on the operating profit. Comment on the following cash flow of Mustang Limited: Cash flows from operating activities R292000 Increase in receivables (R76000) Cash flows from investing activities (R448000) Cash flow from financing activities (R160000)Question 1 Consider the following financial information and answer the questionsthat follow:Sales : $250,000Costs : $134,000Depreciation : $10,200Operating expenses : $6,000Interest expenses : $20,700Taxes : $18,420Dividends : $10,600Addition to Retained Earnings : $50,080Long term debt repaid : $9,300New Equity issued : $8,470New fixed assets acquired : $15,000You are required to:i) Calculate the operating cash flow ii) Calculate the cash flow to creditors iii) Calculate the cash flow to shareholders iv) Calculate the cash flow from assets v) Calculate net capital spending vi) Calculate change in NWC Question 2 The following financial information is available for Hero Sports Ltd.:Sales : $45,000Costs : $25,000Addition to retained earnings : $5,500Dividends paid : $900Interest expense : $1,450Tax rate : 40%Compute the depreciation expense. Question 3 Use the following information to answer the question that follow:Net Income : $205,000Profit margin : 7.80%A/R : $151,642Credit sales :…
- Determining Net Cash Flow from Investing Activities Davis Inc. reported the following information: 12/31/2019 12/31/2018 Equipment $ 220,000 $155,000 Accumulated depreciation (135,000) (115,200) Investment (long-term) 20,200 12,000 In addition, Davis sold equipment costing $22,900 with accumulated depreciation of $18,150 for $3,500 cash, producing a $1,250 loss. Davis reported net income for 2019 of $122,350. Required: Compute net cash flow from investing activities. Use a minus sign to indicate negative cash flows (outflows).$Cash flow from assets (CFFA) is also known as “Free cash flow” (FCF). CFFA (or FCF) is calculated by adding Net Income to Depreciation and Interest Expense, then subtracting capital expenditures for the period, and then subtracting any increases in net working capital required to keep the operation running and growing in accord with plans. NOW SUPPOSE that your business had 29,000 in Net Income; 1,700 in Depreciation Expense; 1,900 in Capital Expenditures; 5,500 in Interest Expense; and your Net Working Capital account was stable (NO CHANGE) across the period. FIND: CFFA I got 34,300. Is that correct?Cash flow from assets (CFFA) is also known as “Free cash flow” (FCF). CFFA (or FCF) is calculated by adding Net Income to Depreciation and Interest Expense, then subtracting capital expenditures for the period, and then subtracting any increases in net working capital required to keep the operation running and growing in accord with plans. NOW SUPPOSE that your business had 25,000 in Net Income; 1,400 in Depreciation Expense; 1,500 in Capital Expenditures; 7,500 in Interest Expense; and your Net Working Capital account was required to increase by 500. FIND: CFFA The answer I came up with was 32,400. Is that correct?