1.)Spade Company recorded the following events lastyear:
Insurance of shares of the company's own commonstock $210,000 Purchase of long-term investment $96,000 Dividends paid to the company's own shareholders $55,800 Cash paid to suppliers for inventory purchases $3,200 Repayment of principal on the company's own bonds $214,000 Interest paid to lenders $28,800 Collection by Spade of a loan made to anothercompany $226,000 Purchase of equipment $550,000
On thestatement of cash flows, some of these events are classified asoperating activities, some are classified as investing activities,and some are classified as financing activities.
Basedsolely on the information above, the net cash provided by (used in)financing activities on the statement of cash flows would be:(PLEASE SHOW WORK TO GET RATED!!!)
$69,000 $(59,800) $1,383,800 $(141,400)
1.)Spade Company recorded the following events lastyear:
| Insurance of shares of the company's own commonstock | $210,000 |
| Purchase of long-term investment | $96,000 |
| Dividends paid to the company's own shareholders | $55,800 |
| Cash paid to suppliers for inventory purchases | $3,200 |
| Repayment of principal on the company's own bonds | $214,000 |
| Interest paid to lenders | $28,800 |
| Collection by Spade of a loan made to anothercompany | $226,000 |
| Purchase of equipment | $550,000 |
On thestatement of cash flows, some of these events are classified asoperating activities, some are classified as investing activities,and some are classified as financing activities.
Basedsolely on the information above, the net cash provided by (used in)financing activities on the statement of cash flows would be:(PLEASE SHOW WORK TO GET RATED!!!)
| $69,000 | |
| $(59,800) | |
| $1,383,800 | |
| $(141,400) |
Related questions
The following events occurred last year at DorderCorporation: |
Purchase of plant and equipment | $20,000 |
Sale of long-term investment | $8,000 |
Dividends received on long-term investments | $5,000 |
Paid off bonds payable | $11,000 |
Depreciation expense | $6,500 |
Based on the above information, the cash provided (used) byinvesting activities for the year on the statement of cash flowswould net to: |
$(11,000)
$(12,000)
$(24,500)
$(6,500)
Last year Burch Corporation's cash account decreased by $16,000.Net cash provided by investing activities was $7,100. Net cash usedin financing activities was $14,000. On the statement of cashflows, the net cash flow provided by (used in) operating activitieswas: |
$6,900
$(16,000)
$(9,100)
$(22,900)
McCorey Corporation recorded the following events last year: |
Repurchase by the company of its own commonstock | $39,000 |
Sale of long-term investment | $58,000 |
Interest paid to lenders | $14,500 |
Dividends paid to the company's shareholders | $68,000 |
Collection by McCorey of a loan made to anothercompany | $44,000 |
Payment of taxes to governmental bodies | $24,500 |
On the statement of cash flows, some of these events areclassified as operating activities, some are classified asinvesting activities, and some are classified as financingactivities. |
Based solely on the information above, the net cash provided by(used in) investing activities on the statement of cash flows wouldbe: |
$102,000
$(9,500)
$34,000
$(19,500)
Financial statements of Rukavina Corporation follow: |
Rukavina Corporation | ||
Ending | Beginning | |
Assets: | ||
Cash and cash equivalents | $24 | $21 |
Accounts receivable | 77 | 72 |
Inventory | 33 | 31 |
Property, plant and equipment | 528 | 480 |
Less: accumulated depreciation | 326 | 299 |
Total assets | $336 | $305 |
Liabilities and stockholders'equity: | ||
Accounts payable | $42 | $52 |
Bonds payable | 95 | 110 |
Common stock | 71 | 72 |
Retained earnings | 128 | 71 |
Total liabilities and stockholders' equity | $336 | $305 |
Income Statement | |
Sales | $705 |
Cost of goods sold | 448 |
Gross margin | 257 |
Selling and administrative expenses | 151 |
Net operating income | 106 |
Income taxes | 38 |
Net income | $68 |
Cash dividends were $11. The company did not dispose of anyproperty, plant, and equipment. It did not issue any bonds payableor repurchase any of its own common stock. The following questionspertain to the company's statement of cash flows. |
The net cash provided by (used in) investing activities for theyear was: |
$1
$(11)
$(15)
$(48)
