Kids at Play a child learning center sold equipment for $250,000, purchased a building for $6,500,000, sold short term investments for $280,000, repaid principal on a note payable for $2,300,000 plus $230,000 gain, and paid cash dividends of $20,000 What was the net cash flow from financing activities? A. $2,550,000 outflow B. $2,300,000 outflow C. $2,320,000 outflow D. $2,530,000 outflow

Kids at Play a child learning center sold equipment for $250,000, purchased a building for $6,500,000, sold short term investments for $280,000, repaid principal on a note payable for $2,300,000 plus $230,000 gain, and paid cash dividends of $20,000 What was the net cash flow from financing activities? A. $2,550,000 outflow B. $2,300,000 outflow C. $2,320,000 outflow D. $2,530,000 outflow

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter23: Statement Of Cash Flows

Section: Chapter Questions

Problem 7SEB

See similar textbooks

Similar questions

Johnson, Incorporated had the following transactions during the year: Purchased a building for $5,000,000 using a mortgage for financing Paid $2,000 for ordinary repair on a piece of equipment Sold product on account to customers for $1,500,600 Purchased a copyright for $5,000 cash Paid $20,000 cash to add a storage shed in the corner of an existing building Paid $360,000 in monthly salaries Paid $25,000 for routine maintenance on equipment Paid $110,000 for major repairs If all transactions were recorded properly, what amount did Johnson capitalize for the year, and what amount did Johnson expense for the year?
Mi-T-M sold equipment for $250,000, purchased a building for $6,500,000, sold short term investments for $280,000, repaid principal on a note payable for $2,300,000, purchase treasury stock for $230,000, and paid cash dividend of $20,000 What was the net cash flow from investing activities? A. $8,320,000 outflow B. $5,970,000 outflow C. $8,270,000 outflow D. $6,250,000 outflow
Direction: Study the given data below and compute for (1) the cash generated/used in financing activities, (2) the net change in cash for the year, and (3) prepare the CFS for the year. Learning is Fun Company has presented the following in order to aid the account in preparing CFS during the month. Net income: P200, 000 Depreciation expense: P25, 000 Gain on sale on property and equipment: P100. 000 Decrease in trade and other receivables: P 70, 000 Purchase of property and equipment: P200, 000 Payment of loan from bank: P150, 000 Compute for the cash generated/used in financing activities. Based on the given above, compute for the net change in cash for the year.
A land was sold for 80000 JD cash Issuing shares for 50,000 JD Equipment was purchased for 25000 JD cash The company paid 14000 cash dividends Net Income 160,000 JD Borrowing 25,000 JD Making loans to others 40,000JD What is cash flows from financing activities?
Need this in the next 20 minutes Please and Thank You!! Create a Statement of Cash Flows using the information provided. Building 925 Net Income $200,000 Operating Activities Purchased shirts from supplier $1000 Paid Ga taxes $3000 Paid Employee $2000 Investing Activities Purchased Land $1000 Purchased Equipment $700 Financing Activities Retained Earning Increase $1000 Common Stock Increase $1000 Non-Cash Increase in Bonds Payable $1000
Jennifer’s Wedding Shops earned net income of $27,000, which included depreciation of $16,000. Jennifer’s acquired a $119,000 building by borrowing $119,000 on a long-term note payable. Requirements How much did Jennifer’s cash balance increase or decrease during the year? Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows.
When a company buys equipment for $161,000 and pays for one half in cash and the other one half is financed by a note payable, which of the following are the effects on the accounting equation? a. Total assets increase $161,000 b. Total liabilities increase $161,000 c. Total liabilities decrease $80,500 d. Total assets increase $80,500
Randy's Cooking School has accrual basis net income of $189,000 and the following related items: Amortization expense $68,000 Accounts receivable decrease 24,000 Inventory increase 17,000 Interest payable decrease 8,000 Bank loans payable increase 12,000 Dividends paid 10,000 What is Randy's Cooking School's net cash flow from operating activities? Select one: a. $258,000 b. $248,000 c. $256,000 d. $268,000 e. $246,000
I need help on this problem. Pearce Enterprises reported the following information for the past year of operation: Transaction Free Cash Flow $250,000 Operating-cash-flow-to-current-liabilities raition 1.0 times Operating-cash-flow-to-capital-expenditures ratio 3.0 times a) Recorded credit sales of $9,000 b) Collected $4,000owed from customers c) Purchased $28,000 of equipment on long-term credit d) Purchased $16,000 of equipment for cash e) Paid $10,000 of wages with cash f) Recorded utility bill of $1,750 that has not been paid For each transaction, indicate whether the ratio will (I) Increase, (D) decrease, or (N) have no effect.
The land account decreased by $270,000 because of a cash sale for $270,000, the equipment account increased $90,000 as a result of a cash purchase, and Bonds Payable increased $300,000 from issuance for cash at face value. The total net cash provided by investing activities is a. $270,000. b. $480,000. c. $210,000. d. $180,000. If a loss of $9,000 is incurred in selling (for cash) office equipment having a book value of $90,000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is a cash inflow of: a. $81,000. b. $90,000. c. $99,000. d. $9,000.
Prepare a Balance Sheet and Cash Flow Statements for Adam’s Pharmaceuticals.Cash Rs15,000 Investments Rs30,000Land 70,000 Salary Payable 3,000Tools 30,000 Buildings 51,000Machinery 80,000 Office Furniture 46,000Notes Payable 10,000 Revenues 70,010Capital 50,000Cash Balance (previous month): 15,000 Cash increase due to Revenue: 17000Collection forSale of Tools: 75,000 Building purchased: 17,510Purchase of Land: 10500 Cash increase due to Revenue: Adam’s 17000 Investment: 1500Expenses paid in Cash: 570
Make sure you provide complete answers, and show your work with calculation problems Given the following information, calculate the Net Free Cash Flow. Net income = $25,000; Capital expenditures = $4,000; Cash dividends paid to shareholders = $2,500; Repayment of Long-term debt = $1,500; Depreciation, Depletion & Amortization = $5,000; Increase in current assets = $250; Increase in current liabilities = $750;