Crane Corporation reported the following information (in thousands) at December 31, 2018: Dividends payable Bank loan...
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Crane Corporation reported the following information (in thousands) at December 31, 2018: Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings Additional information: 1. 2. 3. 4. 2018 $ 20 200 420 690 770 2017 $ 10 200 265 465 535 The bank loan was increased by additional borrowings of $300 to partially finance the purchase of new equipment that cost $520. The bank loan was decreased by repayments. Common shares were issued during the year. None were reacquired. Dividends were paid during the year. Net income for the year was $460. Prepare the financing activities section of Crane's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Prepare the financing activities section of Crane's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Financing activities CRANE CORPORATION Statement of Cash Flows (Partial) ($ in thousands) > < < tA $ Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $520 by paying $220 cash and issuing a $ bank loan payable. Crane Corporation reported the following information (in thousands) at December 31, 2018: Dividends payable Bank loan payable-current portion Bank loan payable-non-current portion Common shares Retained earnings Additional information: 1. 2. 3. 4. 2018 $ 20 200 420 690 770 2017 $ 10 200 265 465 535 The bank loan was increased by additional borrowings of $300 to partially finance the purchase of new equipment that cost $520. The bank loan was decreased by repayments. Common shares were issued during the year. None were reacquired. Dividends were paid during the year. Net income for the year was $460. Prepare the financing activities section of Crane's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Prepare the financing activities section of Crane's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Financing activities CRANE CORPORATION Statement of Cash Flows (Partial) ($ in thousands) > < < tA $ Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $520 by paying $220 cash and issuing a $ bank loan payable.
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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