BTS Inc. has recorded the following transactions on its book for the year 2021. How much total Cash Inflow from financing activities that BTS should reflected on its Statement of Cash Flow:i. Payment for interest of the issued bonds on April 1, 2021, 900.ii. Cash dividend received on the short-term investment, 5,000iii.  Depreciation on plant that manufactures goods for sale, 6,000.iv.  Payment of income tax on gain on sale of treasury bills, 2,000.v.  Issued 500 ordinary shares for 50,000.vi.  Received cash from interest on the acquired treasury bonds of BigHit Corp, 2,400.vii. Payment for marketable securities, 12,000

National Food Services, Inc., borrowed $4 million from its local bank on January 1, 2018, and issued a 4-yearinstallment note to be paid in four equal payments at the end of each year. The payments include interest at the rateof 10%. Installment payments are $1,261,881 annually.Required:What would be the amount(s) related to the note that National would report in its statement of cash flows for theyear ended December 31, 2018?

During 2017, Simms Company redeemed $2,000,000 ofbonds payable for $1,880,000 cash. Indicate how thistransaction would be reported on a statement of cashflows, if at all.

On July 1, 2017, Mifflin Company borrowed 200,000 euros from a foreign lender evidenced by an interest-bearing note due on July 1, 2018. The note is denominated in euros. The U.S. dollar equivalent of the note principal is as follows:In its 2018 income statement, what amount should Mifflin include as a foreign exchange gain or loss on the note?a. $15,000 gainb. $15,000 lossc. $10,000 gaind. $10,000 loss

On December 1, 2016, Bamboo Company assigned specific accounts receivable totaling P4,000,000 as collateral on a P3,000,000, 12% note from a certain bank. The entity will continue to collect the assigned accounts receivable. In addition to the interest on the note, the bank also charged a 5% finance fee deducted in advance on the P3,000,000 value of the note. The December collections of assigned accounts receivable amounted to P2,000,000 less cash discount of P100,000. On December 31, 2020, the entity remitted the collections to the bank in payment for the interest accrued on December 31, 2016, and the note payable. The entity accepted sales returns of P150,000 on the assigned accounts and wrote off assigned accounts of P200,000. 1. What amount of cash was received from the assignment of accounts receivable on December 1, 2016? a. 4,000,000 b. 3,000,000 c. 3,800,000 d. 2, 850,000 2. What is the carrying amount of note payable on December 31, 2016? a. 1,000,000 b. 1, 100,000 c.…

On December 1, 2016, Bamboo Company assigned specific accounts receivable totaling P4,000,000 as collateral on a P3,000,000, 12% note from a certain bank. The entity will continue to collect the assigned accounts receivable. In addition to the interest on the note, the bank also charged a 5% finance fee deducted in advance on the P3,000,000 value of the note. The December collections of assigned accounts receivable amounted to P2,000,000 less cash discount of P100,000. On December 31, 2020, the entity remitted the collections to the bank in payment for the interest accrued on December 31, 2016, and the note payable. The entity accepted sales returns of P150,000 on the assigned accounts and wrote off assigned accounts of P200,000. 1. What amount should be disclosed as the equity of Bamboo Company in assigned accounts on December 31, 2016? a. 550,000 b. 870,000 c. 520,000 d. 970,000 2. What is the carrying amount of notes payable on December 31, 2016? a. 1,000,000 b. 1, 100,000 c.…

On June 30, 2018, Munoz Company’s total current assets were $503,500 and its total current liabilities were $273,000. On July 1, 2018, Munoz issued a short-term note to a bank for $39,400 cash.   Required Compute Munoz’s working capital before and after issuing the note. Compute Munoz’s current ratio before and after issuing the note. (Round your answers to 2 decimal places.)

During the period, FN Trading issued another promissory note for an additional loan of P74,000 and made total payments of P52,000. At the end of the period, FN Trading's notes payable had a balance of P190,000. How much is the beginning balance of the notes payable?

On January 1,2021, FPD Company’s Trade Loans and Receivable has an outstanding balance of P500,000. Below are the transactions in its Trade Loans and Receivable and other relate accounts during 2021: Total Sales including a 500,000 cash sales, P7,700,000. Account receivable written off, P500,000; Purchases on account, P7,800,000; Payments to creditors , P6,400,000; Purchase discounts, P520,000; Total sales returns, P50,000 of which P20,000 were sales on a cash basis; Amount received from credit customer, P4,900,00 (including a P40,000 recovery of 2020 write-off); Sales discount P80,000; Notes given to settle accounts, P500,000; Purchased returns, P140,000; Payments of notes, P200,000; Proceeds from collection on notes receivable including interest of P10,000. P370,000 Provision for future returns and discounts on outstanding receivables, P25,000. What is the amortized Cost of the Loans and Receivables on December 31, 2021?