Accounts payable $64,400 $51,400 Accrued expenses 15,100 17,800 Notes payable-bank, long-term -0- 23,200 Bonds payable 30,200...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Accounts payable $64,400 $51,400 Accrued expenses 15,100 17,800 Notes payable-bank, long-term -0- 23,200 Bonds payable 30,200 -0- Common stock, $10 par 187,400 156,600 Retained earnings 9,880 9,000 $306,980 $258,000 Land was acquired for $30,800 in exchange for common stock, par $30,800, during the year; all equipment purchased was for cash. Equipment costing $12,900 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $9,900 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000) a. Net Cash provided by operating activities. $ b. Net Cash used by investing activities. $ C. Net Cash used by financing activities. Accounts payable $64,400 $51,400 Accrued expenses 15,100 17,800 Notes payable-bank, long-term -0- 23,200 Bonds payable 30,200 -0- Common stock, $10 par 187,400 156,600 Retained earnings 9,880 9,000 $306,980 $258,000 Land was acquired for $30,800 in exchange for common stock, par $30,800, during the year; all equipment purchased was for cash. Equipment costing $12,900 was sold for $3,000; book value of the equipment was $6,000. Cash dividends of $9,900 were declared and paid during the year. Compute net cash provided (used) by: (Show amounts that decrease cash flow with either a - sign e.g. -12,000 or in parenthesis e.g. (12,000) a. Net Cash provided by operating activities. $ b. Net Cash used by investing activities. $ C. Net Cash used by financing activities.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
A newly issued 20-year maturity, zero-coupon bond is issued with a yield to maturity of 8% and face value $1,000. Find the imputed interest income in the first, second, and last year of the bonds...
-
Contract accountingContract accounting is used for development and production activities predominately by the Aircraft and Weapons Systems (A&WS), Network Systems, Support Systems, and Launch and...
-
The Executive board of a relatively small university located in Europe wants to determine the attitude of their students toward various aspects of the University. The university, founded in 1928, is...
-
The fiscal year 2017 annual report of General Mills, Inc. is available on this book's Website. Refer to the consolidated balance sheet, and Note 8. Required a. What was the total dollar amount of...
-
Phillips, Inc., a cash basis C corporation, completes $100,000 in sales for year 1, but only $75,000 of this amount is collected during year 1. The remaining $25,000 from these sales is collected...
-
The Riteway Ad Agency provides cars for its sales staff. In the past, the company has always purchased its cars from a dealer and then sold the cars after three years of use. The company's present...
-
In 2001, right after the introduction of the Euro, a German pension fund made its first investment in the U.S. It acquired a $100 million office building in a primary market. At the time the exchange...
-
Define and describe the following types of internal audits: a. Operational audits b. Information systems audits. c. Compliance audits d. Financial reporting and control audits e. Program and...
-
To whom must an internal auditor report a significant fraud? Is an internal auditor obligated to report a fraud to an appropriate outside regulatory agency? Explain.
-
a. List the factors that comprise the control environment. b. State four things the CEO and other members of top management should do to emphasize the importance of integrity and ethical values among...
-
Does the Code of Ethics for internal auditing apply to all internal auditors, whether or not they are members of the Institute of Internal Auditors?
-
a. Identify two matters that should be covered in obtaining an understanding of the internal control structure, b. How should knowledge of the ICS components be used by the auditor?
-
Comm Devices (CD) is a division of Worldwide Communications, Inc. CD produces pagers and other personal communication devices. These devices are sold to other Worldwide divisions, as well as to other...
-
In July 2013, cnet.com listed the battery life (in hours) and luminous intensity (i. e., screen brightness, in cd/m2) for a sample of tablet computers. We want to know if screen brightness is...
-
Using the following data for Evans \& Sons, calculate the cash paid for rent: Rent expense... $80,000 Prepaid rent, January 1 10,000 Prepaid rent, December 31 8,000
-
Using the following data for Evans \& Sons, calculate the cash received as interest: Interest income.. $30,000 Interest receivable, January 1 3,000 Interest receivable, December 31..... 3,700
-
Using the following data for Evans \& Sons, calculate the cash paid for merchandise purchased: Cost of goods sold. Inventory, January 1. Inventory, December 31 $128,000 19,000 22,000 Accounts...
Study smarter with the SolutionInn App