Segura Corporation's balance sheet accounts as of December 31, 2019 and 2020, and information relating to...
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Segura Corporation's balance sheet accounts as of December 31, 2019 and 2020, and information relating to 2020 activities, are presented below. December 31 2020 Assets Cash.. Accounts receivable, net. 2019 $844,000 $173,500 569,500 353,000 Prepaid expenses... Investments, short-term. Investments in bonds, amortized cost.. 231,500 189,000 353,500 558,000 745,500 0 Property, plant & equipment (PPE).. 597,500 1,004,500 Accumulated depreciation... (616,000) (251,000) Trademark, net.... 216,000 217,500 Total assets. $2,754,000 $2,432,000 Liabilities and shareholders' equity Accounts payable.... $402,000 $376,000 Income tax payable... 213,000 241,000 Long-term notes payable... 345,500 769,500 Common shares Retained earnings.... Total liabilities and shareholders' equity... Information relating to 2020 activities: 399,000 366,500 1,394,500 679,000 $2,754,000 $2,432,000 Cash dividends of $14,500 were declared and paid in 2020. Equipment costing $537,000 and having a carrying amount of $387,000 was sold for $427,000. An investment in bonds was sold at par for $187,500. There were no other transactions affecting investments in bonds in the year. Investments in short-term securities consist of treasury bills maturing on February 15, 2021. Changes in other balance sheet accounts resulted from usual transactions and events. Please make sure your final answer(s) are accurate to the nearest whole number. Determine the following amounts for Segura Corporation for the year 2020: a) Net cash from operating activities (indirect method) Net cash from operating activities (indirect method) = $ b) Net cash from investing activities Net cash from investing activities = $ c) Net cash from financing activities Net cash from financing activities = $ Microsoft Word Segura Corporation's balance sheet accounts as of December 31, 2019 and 2020, and information relating to 2020 activities, are presented below. December 31 2020 Assets Cash.. Accounts receivable, net. 2019 $844,000 $173,500 569,500 353,000 Prepaid expenses... Investments, short-term. Investments in bonds, amortized cost.. 231,500 189,000 353,500 558,000 745,500 0 Property, plant & equipment (PPE).. 597,500 1,004,500 Accumulated depreciation... (616,000) (251,000) Trademark, net.... 216,000 217,500 Total assets. $2,754,000 $2,432,000 Liabilities and shareholders' equity Accounts payable.... $402,000 $376,000 Income tax payable... 213,000 241,000 Long-term notes payable... 345,500 769,500 Common shares Retained earnings.... Total liabilities and shareholders' equity... Information relating to 2020 activities: 399,000 366,500 1,394,500 679,000 $2,754,000 $2,432,000 Cash dividends of $14,500 were declared and paid in 2020. Equipment costing $537,000 and having a carrying amount of $387,000 was sold for $427,000. An investment in bonds was sold at par for $187,500. There were no other transactions affecting investments in bonds in the year. Investments in short-term securities consist of treasury bills maturing on February 15, 2021. Changes in other balance sheet accounts resulted from usual transactions and events. Please make sure your final answer(s) are accurate to the nearest whole number. Determine the following amounts for Segura Corporation for the year 2020: a) Net cash from operating activities (indirect method) Net cash from operating activities (indirect method) = $ b) Net cash from investing activities Net cash from investing activities = $ c) Net cash from financing activities Net cash from financing activities = $ Microsoft Word
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Related Book For
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
Posted Date:
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