1.
Introduction: A company prepares a statement of cash flow for calculating the amount of net decrease or increase in the cash balance during the year. The outflow and inflow of cash from the financing, operating, and investing activities are used to calculate the amount of decrease or increase in the cash balance during the year.
To calculate: The cash dividends paid during the year 2019.
2.
Introduction: A company prepares a statement of cash flow for calculating the amount of net decrease or increase in the cash balance during the year. The outflow and inflow of cash from the financing, operating, and investing activities are used to calculate the amount of decrease or increase in the cash balance during the year.
To calculate: The cash paid to reduce the note payable balancein the year 2019.
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FINANCIAL ACCOUNTING FUNDAMENTALS W/ CO
- Using a Spreadsheet to Prepare a Statement of Cash Flows Jane Bahr, a controller of Endicott & Thurston, prepared the following balance sheets at the end of 2019 and 2018: Required: 1. Using a spreadsheet, prepare a statement of cash flows for 2019. Assume Endicott & Thurston use the indirect method. 2. CONCEPTUAL CONNECTEON Discuss whether Endicott & Thurston appear to have matched the timing of inflows and outflows of cash.arrow_forwardHow does Long-Term Bank Loan impact Avett Inc.'s 2020 Statement of Cash Flows? Question 10 options: The periodic change in Long-Term Bank Loan is added in Cash Flows from Operations The periodic change in Long-Term Bank Loan is added in Cash Flows from Financing The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Financing The periodic change in Long-Term Bank Loan is added in Cash Flows from Investing The periodic change in Long-Term Bank Loan is not included on the Statement of Cash Flows The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Operations The periodic change in Long-Term Bank Loan is subtracted in Cash Flows from Investingarrow_forwardHow does Accounts Payable impact Declan's Designs' 2022 Statement of Cash Flows? Question 21 options: The periodic change in Accounts Payable is added in Cash Flows from Financing The periodic change in Accounts Payable is not included on the Statement of Cash Flows The periodic change in Accounts Payable is added in Cash Flows from Investing The periodic change in Accounts Payable is subtracted in Cash Flows from Investing The periodic change in Accounts Payable is subtracted in Cash Flows from Operations The periodic change in Accounts Payable is added in Cash Flows from Operations The periodic change in Accounts Payable is subtracted in Cash Flows from Financingarrow_forward
- 1. How much cash is received from sales to customers for year 2021? Assume all the sales were made on credit basis . 2. What is the net increase or decrease in the Cash account for year 2021?arrow_forwardDesrosiers Ltd. had the following long-term receivable account balances at December 31, 2019. Notes receivable $1,800,000 Notes receivable - Employees 400,000 Transactions during 2020 and other information relating to Desrosiers' long-term receivables were as follows: 1. The $1,800,000 note receivable is dated May 1, 2019, bears interest at 9%, and represents the balance of the consideration received from the sale of Desrosiers's electronics division to New York Company. Principal payments of $600,000 plus appropriate interest are due on May 1, 2020, 2021, and 2022. The first principal and interest payment was made on May 1, 2020. Collection of the note instalments is reasonably assured. 2. The $400,000 note receivable is dated December 31, 2019, bears interest at 8%, and is due on December 31, 2022. The note is due from Marcia Cumby, president of Desrosiers Ltd., and is secured by 10,000 Desrosiers common shares. Interest is payable annually on December 31, and the interest payment…arrow_forward1. What is the adjusted cash balance as of February 28, 2022? A. 156,950 B. 157,950 C. 82,800 D. None of the options 2. What is the adjusted cash amount of cash receipts during February? A. 779,650 B. 780,650 C. 761,650 D. 760,650 3. What is the adjusted amount of disbursements per bank during February? A.624,700 B. 625,700 C. 606,700 D. 605,700 4. What is the adjusted cash balance as of January 31, 2022? A. 2,000 B. 3,000 C. 13,500 D. None of the options 5. What is the unadjusted amount of cash receipts per bank during February A. 790,450 B. 768,850 C. 779,650 D. None of the options 6. What is the unadjusted amount of cash disbursements per book during February? A. 630,300 B. 647,700 C. 624,700 D. None of the optionsarrow_forward
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- In a Bank's balancesheet , decrease in financial assets available for sale and Held for trading. what does it indicate? can you make 2 assumptions . thank you ! Year 2020($m) Cash and cash equivalents Due from other financial institutions-term deposits 835 826 Financial assets available-for-sale Financial assets held for tradingarrow_forwardHow does Accounts Payable impact Avett Inc.'s 2020 Statement of Cash Flows? Question 4 options: The periodic change in Accounts Payable is not included on the Statement of Cash Flows The periodic change in Accounts Payable is added in Cash Flows from Financing The periodic change in Accounts Payable is subtracted in Cash Flows from Investing The periodic change in Accounts Payable is subtracted in Cash Flows from Operations The periodic change in Accounts Payable is added in Cash Flows from Operations The periodic change in Accounts Payable is added in Cash Flows from Investing The periodic change in Accounts Payable is subtracted in Cash Flows from Financingarrow_forward1. Prepare a forccast cash flow stateaent for 2020. The beginning and ending balances in each of the balance sheet accounts Dec. 31, 2019 Dec. 31, 2020 Pi00,000 360,000 460,000 30,000 P950,000 P1,500,000 Cash P260,000 Accounts receivable Inventory Prepaid insurance Total current assets 180,000 400,000 50,000 P890,000 P1,200,000 Land Plant & equipment Accumulated depreciation Total non-current assets 1,000,000 (400,000) P1,800,000 1,400,000 (500,000) P2,400,000 Total assets P2,690,000 P3,350,000 Accounts payable Accrued operating expenses Interest payable Income taxes payable Р 300,000 200,000 20,000 122,000 P 260,000 132,000 30,000 150.000 P 572,000 700,000 1,100,000 978,000 P 642,000 600,000 Total current liabilities Bonds payable Common stock 800,000 Retained earnings 648,000 Total liabilities & equity P2,690,000 P3,350,000 The forecast income statement for the Mexico Company for 2020 is presented below: Sales Cost of sales Gross profit Operating expenses Income before interest & tax…arrow_forward
- Cornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning