How much is the ending cash balance? TransactionsAmount15,500.0039,000.00110,000.00230,000.0014,000.0016,000.0014,000.003,980.0018,000.00200,000.00108,000.008,400.0012,000.009,000.00Cash receipts from dividendsAdditional cash investment of ownera.b.Cash purchase of landCollection from customersCommission income receivedDepreciation ExpenseInterest on bank loan paidInterest received from bank depositsCash paid for advertisingProceeds from bank loanC.d.e.f.g.h.i.j.k.I.Cash paid for salariesProvision for bad debtsCash paid for utilitiesCash paid for government taxesm.n.

Total cash receipt = Cash receipt from dividends + cash investment + collection from customers +…

Answered: Transactions Amount 15,500.00 39,000.00…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 27BE

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Reporting land acquisition for cash and mortgage note on statement of cash flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:
According to the information given in the table below, which of the following is cash flow from financing activities? Increase in loan 25800 Increase in bonds 84000 Decrease in common stock 29600 Increase in land 18500 22222 Depreciation Select one: O a. -39478 O b. 19300 O c. 44444 O d. 80200
According to the information given in the table below, which of the following is cash flow from financing activities? Increase in loan 25800 Increase in bonds 84000 Decrease in common stock 29600 Increase in land 18500 Depreciation 22222 Select one: O a. 44444 O b. - 19300 O C. 39478 O d. 80200 Next page e to search R BY NTM
Under the indirect method, how much should be reported as cash flows from operating activities? a. P 780,000b. P 550,000c. P 600,000d. P 750,000
PA7. LO 16.3 Analysis of Forest Company's accounts revealed the following activity for its Land account, with descriptions added for clarity of analysis. How would these two transactions be reported for cash flow purposes? Note the section of the statement of cash flow, if applicable, and if the transaction represents a |cash source, cash use, or noncash transaction. Land Account balance, beginning of year Purchase of land this year, for cash Purchase of land this year, with note payable Account balance, end of year $220,000 95,000 75,000 390,000
Mr. Matagumpay gave to his accountant the following data for the year ended December 31, 2019. P 385,000 175.000 P 210,000 (5,000) (95.000) P110,000 Other Information: Accounts Receivable, 2018 Accounts Receivable, 2019 Accounts Payable, 2018 Accounts Payable, 2019 Inventory Sales Cost of Goods Sold Gross Profit Depreciation Expense Operating Expenses Net Income P 75,000 90,000 45,000 55.000 50,000
Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance 256,200 Feb. 10 Purchased for cash 389,400 645,600 Nov. 20 Purchased with long-term mortgage note 522,900 1,168,500 Item Section of Statement of Cash Flows Added or Deducted Amount Purchase of land for cash Purchase of land by issuing long-term mortgage note
Use the following information and the indirect method to calculate the net cash provided or used by operating activitie $ 85,700 12,400 7,900 2,450 6,550 Net income Depreciation expense Gain on sale of land Increase in merchandise inventory Increase in accounts payable ↑ Multiple Choice VLC #m 3 E $94,300. d 54 L f O % 5 * 00 8 j 11 9 k X O
19. The current assets section of the statement of financial position should include * b. patents. a. machinery. d. inventory c. goodwill. 20. Equity or debt securities held to finance future construction of additional plants should be classified on a balance sheet as * c. intangible assets. a. current assets. d. long-term investments b. property, plant, and equipment. 21. In a statement of cash flows, receipts from sales of property, plant, and equipment and other productive assets should generally be classified as cash inflows from * d. selling activities c. investing activities. a. operating activities. b. financing activities. 22. The statement of financial position * d. All of the choices are correct regarding the statement of financial position. c. Uses fair value for most assets and liabilities. b. Makes very limited use of judgments and estimates. a. Omits many items that are of financial value. 23. The basis for classifying assets as current or noncurrent is…
Cash paid to purchase long-term investments would be reported in the Statement of Cash Flows as: Multiple Choice a deduction from the Investing section an addition to the Investing section a deducțion from the Operating section an addition to the Financing section
97. The actual total amount of a cash dividend to be paid is determined on the date of * O A. Declaration O B. Record C. Declaration or record, whichever is earlier O D. Payment
HYPERINFLATIONARY FINANCIAL STATEMENTSProblem 42. Indicate whether the item is a monetary or non-monetary item:__Cash and Cash Equivalents__Loans and receivables__FAFVPL Bonds Receivables__FAAC Bonds Receivables__Investments in Shares of Stocks__Property, Plant and Equipment__Inventory__Investment Property__Prepaid asset__Intangible asset__Deferred tax asset__Accounts payable__Income tax payable__Deferred tax liability__Interest payable__Unearned revenue__Accrued expenses__Notes payable__Loans payable

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