Question: Please answer all questions, thank you! Edit: I've already done most of the question, I just need help with the Cash Flows from Financing Activities
Please answer all questions, thank you!
Edit: I've already done most of the question, I just need help with the "Cash Flows from Financing Activities" and all of the boxes below them. Please ignore the name of the company on the first photo. Thanks!




The 2018 income statement and comparative balance sheet of Rolling Hills, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Choose from any list or enter any number in the input fields and then continue to the next question. The 2018 income statement and comparative balance sheet of Rolling Hills, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: D. None of the above (Click the icon to view the additional information.) Read the requirements. Total Non-cash Investing and Financing Activities Requirement 2. How will what you learned in this problem help you evaluate an investment? OA. Learn how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay their debts and dividends B. Learn how operating activities, investing activities, and financing activities generate cash receipts and cash payments OC. Both A and B Choose from any list or enter any number in the input fields and then continue to the next question. (Click the icon to view the additional information.) Read the requirements. ? More info 1. The income statement for 2019 included the following items: a. Net income, $453,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $260. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $800,000, receiving cash of $798,700. 4. The company distributed 6,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done - X HW Score: 66.67%, 66.67 of 100 points Points: 66.67 of 100 Data table Current Assets: Cash Wonder Wilderness Company Comparative Balance Sheet December 31, 2019 and 2018 Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: Land Building Canoes Print Assets 2019 $ 2,049,410 $ 34,000 900 1,200 100 0 Done 1,530,000 879,000 15,360 60.000 2018 17,850 0 5,900 0 600 1,400 90,000 79,000 15,360 I Save X More info 1. The income statement for 2019 included the following items: a. Net income, $453,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $260. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $800,000, receiving cash of $798,700. 4. The company distributed 6,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done - X HW Score: 66.67%, 66.67 of 100 points Points: 66.67 of 100 Data table Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Print Liabilities 60,000 (26,020) $ 4,543,950 $ $ Done 5,860 $ 510 920 3,500 12,000 430 1,000 8,640 665,000 800,000 0 (1,360) 208,750 3,570 260 320 1,300 0 80 450 8,640 0 0 - Save X More info 1. The income statement for 2019 included the following items: a. Net income, $453,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $260. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $800,000, receiving cash of $798,700. 4. The company distributed 6,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done - X HW Score: 66.67%, 66.67 of 100 points Points: 66.67 of 100 Data table Unearned Revenue Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable Total Liabilities Paid-In Capital: Stockholders' Equity Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Print 1,000 Done 8,640 665,000 800,000 (1,040) 1,496,820 450 8,640 0 0 0 14,620 960,000 480,000 1,091,000 180,000 0 336,130 3,047,130 $ 4,543,950 $ 208,750 3,130 194,130 0 0 191,000 I Save X The 2018 income statement and comparative balance sheet of Rolling Hills, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Choose from any list or enter any number in the input fields and then continue to the next question. The 2018 income statement and comparative balance sheet of Rolling Hills, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: D. None of the above (Click the icon to view the additional information.) Read the requirements. Total Non-cash Investing and Financing Activities Requirement 2. How will what you learned in this problem help you evaluate an investment? OA. Learn how to predict future cash flows, evaluate management decisions, and predict the ability of the company to pay their debts and dividends B. Learn how operating activities, investing activities, and financing activities generate cash receipts and cash payments OC. Both A and B Choose from any list or enter any number in the input fields and then continue to the next question. (Click the icon to view the additional information.) Read the requirements. ? More info 1. The income statement for 2019 included the following items: a. Net income, $453,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $260. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $800,000, receiving cash of $798,700. 4. The company distributed 6,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done - X HW Score: 66.67%, 66.67 of 100 points Points: 66.67 of 100 Data table Current Assets: Cash Wonder Wilderness Company Comparative Balance Sheet December 31, 2019 and 2018 Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: Land Building Canoes Print Assets 2019 $ 2,049,410 $ 34,000 900 1,200 100 0 Done 1,530,000 879,000 15,360 60.000 2018 17,850 0 5,900 0 600 1,400 90,000 79,000 15,360 I Save X More info 1. The income statement for 2019 included the following items: a. Net income, $453,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $260. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $800,000, receiving cash of $798,700. 4. The company distributed 6,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done - X HW Score: 66.67%, 66.67 of 100 points Points: 66.67 of 100 Data table Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Print Liabilities 60,000 (26,020) $ 4,543,950 $ $ Done 5,860 $ 510 920 3,500 12,000 430 1,000 8,640 665,000 800,000 0 (1,360) 208,750 3,570 260 320 1,300 0 80 450 8,640 0 0 - Save X More info 1. The income statement for 2019 included the following items: a. Net income, $453,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $260. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $800,000, receiving cash of $798,700. 4. The company distributed 6,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done - X HW Score: 66.67%, 66.67 of 100 points Points: 66.67 of 100 Data table Unearned Revenue Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable Total Liabilities Paid-In Capital: Stockholders' Equity Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Print 1,000 Done 8,640 665,000 800,000 (1,040) 1,496,820 450 8,640 0 0 0 14,620 960,000 480,000 1,091,000 180,000 0 336,130 3,047,130 $ 4,543,950 $ 208,750 3,130 194,130 0 0 191,000 I Save X
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