Sale of land $ 194,000 Purchase of treasury stock 33,000 Isuance of common stock 116,000 Payment of cash dividends 57,000 Purchase of equipment 107,000 Retirement of bonds 73,000
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- Statement of Cash Flows The following are Mueller Companys cash flow activities: a. Net income, 68,000 b. Increase in accounts receivable, 4,400 c. Receipt from sale of common stock, 12,300 d. Depreciation expense, 11,300 e. Dividends paid, 24,500 f. Payment for purchase of building, 65,000 g. Bond discount amortization, 2,700 h. Receipt from sale of long-term investments at cost, 10,600 i. Payment for purchase of equipment, 8,000 j. Receipt from sale of preferred stock, 20,000 k. Increase in income taxes payable, 3,500 l. Payment for purchase of land, 9,700 m. Decrease in accounts payable, 2,900 n. Increase in inventories, 10,300 o. Beginning cash balance, 18,000 Required: Prepare Mueller Company's statement of cash flows.Net Cash Flow from Operating Activities The following are accounting items taken from Tyrone Shoelaces Required: a. Net income, 22,900 b. Payment for purchase of land, 4,000 c. Payment for retirement of bonds, 6,000 d. Depreciation expense, 7,800 e. Receipt from issuance of common stock, 7,000 f. Patent amortization expense, 2,700 g. Increase in accounts receivable, 3,400 h. Payment of dividends, 5,000 i. Decrease in accounts payable, 2,600 Required: Prepare the operating activities section of Tyrones statement of cash flows using the indirect method.Statement of Cash Flows A list of Fischer Companys cash flow activities is presented here: a. Patent amortization expense, 3,500 b. Machinery was purchased for 39,500 c. At year-end, bonds payable with a face value of 20,000 were issued for 17,000 d. Net income, 47,200 k. Inventories increased by 15,400 e. Dividends paid, 16,000 f. Depreciation expense, 12,900 g. Preferred stock was issued for 13,600 h. Investments were acquired for 21,000 i. Accounts receivable increased by 4,300 j. Land was sold at cost, 11,000 k. Inventories increased by 15,400 l. Accounts payable increased by 2,700 m. Beginning cash balance, 19,400 Required: Prepare Fischers statement of cash flows.
- Statement of Cash Flows The following are several items involving Tejera Companys cash flow activities: a. Net income, 60,400 b. Receipt from issuance of common stock, 32,000 c. Payment for purchase of equipment, 41,500 d. Payment for purchase of land, 19,600 e. Depreciation expense, 20,500 f. Patent amortization expense, 1,200 g. Payment of dividends, 21,000 h. Decrease in salaries payable, 2,600 i. Increase in accounts receivable, 10,300 j. Beginning cash balance, 30,700 Required: Prepare Tejeras statement of cash flows using the direct method.Jordan Company recognized a 5,000 unrealized holding gain on investment in Starbuckss common stock during 2019. The company classified as equity investments. How would this information be reported in a statement of cash flows prepared using the indirect method?Balance sheets for Brierwold Corporation follow: Additional transactions were as follows: a. Purchased equipment costing 50,000. b. Sold equipment costing 60,000, with a book value of 25,000, for 40,000. c. Retired preferred stock at a cost of 110,000. (The premium is debited to Retained Earnings.) d. Issued 10,000 shares of common stock (par value, 4) for 10 per share. e. Reported a loss of 15,000 for the year. f. Purchased land for 50,000. Required: Prepare a statement of cash flows using the worksheet approach. Use the indirect method to prepare the statement.
- Balance sheets for Brierwold Corporation follow: Additional transactions were as follows: a. Purchased equipment costing 50,000. b. Sold equipment costing 60,000, with a book value of 25,000, for 40,000. c. Retired preferred stock at a cost of 110,000. (The premium is debited to Retained Earnings.) d. Issued 10,000 shares of common stock (par value, 4) for 10 per share. e. Reported a loss of 15,000 for the year. f. Purchased land for 50,000. Required: Prepare a statement of cash flows using the indirect method.Common stock transactions on the statement of cash flows Jones Industries received 600,000 from issuing shares of its common stock and 400,000 from issuing bonds. During the year, Jones Industries also paid dividends of 60,000. How are the effects of these transactions reported on the statement of cash flows?Proceeds from sale of investment 200,000 Dividends received from an equity method investment 300,000 Purchase of equipment by issuing note payable 800,000 Purchase of land 450,000 Purchase of treasury stocks 250,000 Purchase of bonds 100,000 Proceeds from issuing bonds 230,000 Proceeds from issuing common stocks 550,000 Compute cash flows from investing activities.
- 2.Cash received on the sale of land $ 24,700 XYZ Bond Purchase $ 369,000 Amortization of discount on bonds payable $ 4,200 Declared cash dividend $ 92,000 Cash dividend paid $ 71,000 Issue of common shares in exchange for cash $ 153,000 Determine the net cash flow from financing activities: Select one: a. $ 59,000. b. $ 82,000. c. $ 139,000. d. $ 21,000.Starlight Co. provided the following information on selected transactions during 20X1: Purchase of land $600,000 Proceeds from issuing bonds 2,000,000 Purchase of inventory 1,800,000 Purchase of treasury stock 400,000 Dividends paid to shareholders 300,000 Proceeds from issuing preferred stock 500,000 Proceeds from sale of equipment 400,000 The net cash provided (used) by investing activities during 20X1 is Question 10 options: $(200,000). $1,300,000. $(700,000). $0.33. An entity had the following activities during the current year: Acquired share capital of another entity 2,000,000 Sold an investment with carrying amount of P2,000,000 1,500,000 Acquired a one-year certificate of deposit from a bank 5,000,000 Interest on the deposit received from the bank 500,000 Collected dividends on share investments 300,000 What amount should be reported as net cash used in investing activities? a. 5,500,000 b. 5,000,000 c. 4,700,000 d. 6,300,000
