4] Fournier Inc. had a Machine that cost $50,000 6 years before and was being depreciated...
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4] Fournier Inc. had a Machine that cost $50,000 6 years before and was being depreciated on a straight-line basis over 10 years with no estimated scrap value. The machine was sold at the beginning of the year for $16,900. Calculate the amount of the loss that should be considered when computing the Cash Flows from Operating Activities. 5] The following information on selected cash transactions for 2013 has been provided by Mopan Company: Proceeds from sale of land Proceeds from long-term borrowings Purchases of plant assets Purchases of inventories Proceeds from sale of Mancuso common stock $165,000 320,000 196,000 633,000 295,000 What is the cash provided (used) by investing activities for the year ended December 31, 2013, as a result of the above information? 6] Selected information from Pryor Company's 2013 accounting records is as follows: Proceeds from issuance of common stock Proceeds from issuance of bonds Dividends received from 10% investment in XYZ Co. Cash dividends on common stock paid Cash dividends on preferred stock paid Purchases of treasury stock $ 550,000 1,600,000 150,000 240,000 90,000 275,000 7] Calculate Pryor's Cash flows from Financing Activities for the year ended December 31, 2013. During 2013, True Value Hardware Company earned net income of $196,000 which included depreciation expense of $43,000. True Value also experienced the following changes in the account balances listed below: Increases Accounts receivable Prepaid expenses Bonds Payable Amount Decreases $8,200 Accounts Payable $15,400 Inventory Paid-in-Capital (Common $45,000 Stock) Amount $28,500 $34,500 $50,000 Based upon this information what amount will be shown for net cash provided by operating activities for 2013. 4] Fournier Inc. had a Machine that cost $50,000 6 years before and was being depreciated on a straight-line basis over 10 years with no estimated scrap value. The machine was sold at the beginning of the year for $16,900. Calculate the amount of the loss that should be considered when computing the Cash Flows from Operating Activities. 5] The following information on selected cash transactions for 2013 has been provided by Mopan Company: Proceeds from sale of land Proceeds from long-term borrowings Purchases of plant assets Purchases of inventories Proceeds from sale of Mancuso common stock $165,000 320,000 196,000 633,000 295,000 What is the cash provided (used) by investing activities for the year ended December 31, 2013, as a result of the above information? 6] Selected information from Pryor Company's 2013 accounting records is as follows: Proceeds from issuance of common stock Proceeds from issuance of bonds Dividends received from 10% investment in XYZ Co. Cash dividends on common stock paid Cash dividends on preferred stock paid Purchases of treasury stock $ 550,000 1,600,000 150,000 240,000 90,000 275,000 7] Calculate Pryor's Cash flows from Financing Activities for the year ended December 31, 2013. During 2013, True Value Hardware Company earned net income of $196,000 which included depreciation expense of $43,000. True Value also experienced the following changes in the account balances listed below: Increases Accounts receivable Prepaid expenses Bonds Payable Amount Decreases $8,200 Accounts Payable $15,400 Inventory Paid-in-Capital (Common $45,000 Stock) Amount $28,500 $34,500 $50,000 Based upon this information what amount will be shown for net cash provided by operating activities for 2013.
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4 Loss on sale of machine Cost Proceeds 50000 16900 33100 The loss of 33100 is a noncas... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Posted Date:
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