Question

During the year Company X recorded the transactions listed below. What amount would the company include...

During the year Company X recorded the transactions listed below. What amount would the company include in the financing section of the statement of cash flow?

Cash to retire bonds

$ 70,800

Proceeds from bond issuance

101,520

Cash for interest on bonds

8,760

Proceeds from sale of common stock of Company X

241,200

Proceeds from sale of common stock of Company Z

110,640

Cash to purchase common stock of Company X

97,800

Cash to purchase common stock of Company Y

122,040

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
During the year Company X recorded the transactions listed below. What amount would the company include...
During the year Company X recorded the transactions listed below. What amount would the company include in the financing section of the statement of cash flow? Cash to retire bonds $ 70,800 Proceeds from bond issuance 101,520 Cash for interest on bonds 8,760 Proceeds from sale of common stock of Company X 241,200 Proceeds from sale of common stock of Company Z 110,640 Cash to purchase common stock of Company X 97,800 Cash to purchase common stock of Company Y...
Hawk Co. provided the following information on selected transactions during 2021: Purchase of land by issuing...
Hawk Co. provided the following information on selected transactions during 2021: Purchase of land by issuing bonds      $1,300,000 Proceeds from issuing bonds                 2,500,000 Purchases of inventory                          3,800,000 Dividends paid to common stockholders 340,000 Proceeds from issuing preferred stock 1,600,000 Proceeds from sale of land                       200,000 The net cash provided (used) by financing activities during 2021 is ________
For each of the following items, assuming the company reports cash flows from operations using the...
For each of the following items, assuming the company reports cash flows from operations using the Indirect Method, Indicate whether the item is: A positive cash flow from Operating activities = +O A negative cash flow from Operating activities = -O A positive cash flow from Financing activities = +F A negative cash flow from Financing activities = -F A positive cash flow from Investing activities =+I A positive cash flow from Investing activities =-I A non-cash financing and investing...
For each of the events listed below, select the category that best describes its effect on...
For each of the events listed below, select the category that best describes its effect on a statement of cash flows. Your categories are as follows: a - Cash provided/used by operating activities b - Cash provided/used by investing activities c - Cash provided/used by financing activities d - Not a cash flow item Events: _____ 1. Payment on long-term debt _____ 2. Issuance of bonds at a premium _____ 3. Collection of accounts receivable _____ 4. Cash dividends declared...
Teal Corporation engaged in the following cash transactions during 2020. Sale of land and building $181,500...
Teal Corporation engaged in the following cash transactions during 2020. Sale of land and building $181,500 Purchase of treasury stock 45,300 Purchase of land 43,500 Payment of cash dividend 90,700 Purchase of equipment 61,000 Issuance of common stock 157,000 Retirement of bonds 102,800 Determine Teal’s free cash flow, assuming that it reported net cash provided by operating activities of $407,240.
Marin Corporation engaged in the following cash transactions during 2020. Sale of land and building $187,700...
Marin Corporation engaged in the following cash transactions during 2020. Sale of land and building $187,700 Purchase of treasury stock 44,000 Purchase of land 41,800 Payment of cash dividend 87,400 Purchase of equipment 60,500 Issuance of common stock 156,700 Retirement of bonds 108,500 Determine Marin’s free cash flow, assuming that it reported net cash provided by operating activities of $402,770.
Which of the following should be shown on a statement of cash flows under the financing...
Which of the following should be shown on a statement of cash flows under the financing activities selection? a. the payment of cash to retire a long term note. b. the purchase of a long term investment in the common stock of another company c. the issuance of a long term note to acquire land d. the proceeds from the sale of a building
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC):...
The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash received from: Customers $ 730,000 Interest on notes receivable 19,000 Collection of notes receivable 170,000 Sale of land 47,000 Issuance of common stock 270,000 Cash paid for: Interest on notes payable 25,000 Purchase of equipment 155,000 Operating expenses 475,000 Dividends to shareholders 37,000 Prepare the cash flows from operating activities section of HHC’s statement of cash flows using the direct method. (Amounts to...
Maggna Inc had the following transactions during the current financial reporting period. Net Income $86,000 Depreciation...
Maggna Inc had the following transactions during the current financial reporting period. Net Income $86,000 Depreciation $18,000 Decrease in accounts receivable $35,000 Increase in inventories $14,500 Increase in accounts payable $34,000 Decrease in income taxes payable $36,700 Decrease in wages payable $18,000 Proceeds on Sale of Equipment $80,000 Repayment of bonds $50,000 Issuance of Common shares $10,000 Proceeds on sale of land $50,000 Loss on sale of land $20,000 Payment of dividends $40,000 Required: Determine the cashflow for Operating, Investing...
(TCO C) For each item listed below, indicate which section (category) of the Statement of Cash...
(TCO C) For each item listed below, indicate which section (category) of the Statement of Cash Flows should contain that item, AND also state whether the item would result in an inflow or outflow of cash. Recall that the three sections (categories) are Operating, Investing, and Financing. (30 points) (a) Sold a building that had been used by the company for operations (b) Retired bonds at the end of the term (c) Purchased land with cash (d) Purchased raw materials...