Question

Please answer asap The following information is available for Hundred Acre Wood Inc. $9,400 loss on...

Please answer asap

The following information is available for Hundred Acre Wood Inc.

$9,400 loss on sale of land

$180,000 net income

$30,000 decrease in accounts receivable

$46,000 book value of land sold

$17,000 increase in investments

What is the amount of net cash provided (used) by investing activities?

If there is net cash provided by investing activities, enter as a positive number. Examples: 1003 or 20058

If there is net cash used by investing activities, enter as a negative number. Examples: -1003 or -20058 --- Do not use parentheses!

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer:

Net cash provided(used) by investing activities are $36,600

Explanation:

Statement of cash flows (partial)
Cash flows from investing activities:
Cash received from sale of land $36,600
Net cash provided(used) by investing activities $36,600

Calculations:

Book value of land sold $46,000
Less: Loss on sale of land -$9,400
Cash received from sale of land $36,600

Net income & Decrease in accounts receivables are come under 'Cash flows from Operating activities'.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Flynn Co. reported sales of $250,000. If accounts receivable decreased $10,000 during the year: Sales is...
Flynn Co. reported sales of $250,000. If accounts receivable decreased $10,000 during the year: Sales is greater than cash collected Cash collected is greater than sales Cash collected is the same as sales None of the above Refer to the previous question. The amount of cash collected is: Use the following to determine the cash flows provided by or used in investing activities: Net income is $145,000, including a gain on the sale of building of $25,000. The equipment cost...
The following information is available from Bromfield Co.’s accounting records for the year ended December 31,...
The following information is available from Bromfield Co.’s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid $ 339 Interest and taxes paid 105 Collections from customers 1,339 Payment of long-term debt 218 Purchase of land and buildings 166 Cash paid to suppliers and employees 832 Issuance of preferred stock 311 Proceeds from the sale of equipment 52 Required: Calculate the net cash provided (used) by operating activities for Bromfield Co. for...
7. The declaration and payment of a stock dividendwould be reported in which section of the...
7. The declaration and payment of a stock dividendwould be reported in which section of the Statement of Cash Flows? a. Operating Activity b. Investing Activity c. Financing Activity d. Cannot determine based on this information           e. None of the above 8. Under the indirect method, each of the following is addedto net income in computing net cash provided by operating activities except:             a.   depreciation expense             b.   a loss on the sale of equipment             c.   a gain on sale of land             d.   the decrease...
The following information is available from Bromfield Co.’s accounting records for the year ended December 31,...
The following information is available from Bromfield Co.’s accounting records for the year ended December 31, 2019 (amounts in millions): Cash dividends declared and paid $ 329 Interest and taxes paid 68 Collections from customers 1,332 Payment of long-term debt 212 Purchase of land and buildings 160 Cash paid to suppliers and employees 835 Issuance of preferred stock 311 Proceeds from the sale of equipment 53 Required: Calculate the net cash provided (used) by operating activities for Bromfield Co. for...
The following is a statement of cash flows for the Tombstone Company. Answer the questions about...
The following is a statement of cash flows for the Tombstone Company. Answer the questions about this financial statement that follow. Tombstone Company Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities: Net Income           34,682 Reconciliation items: Increase in Accounts Receivable           (3,336) Decrease in Merchandise Inventory           13,698 Increase in Accounts Payable           29,544 Decrease in Income Taxes Payable               (630) Depreciation Expense           38,540 Loss on sale of plant assets...
Required information Skip to question [The following information applies to the questions displayed below.] On October...
Required information Skip to question [The following information applies to the questions displayed below.] On October 1, Ebony Ernst organized Ernst Consulting; on October 3, the owner contributed $83,850 in assets in exchange for its common stock to launch the business. On October 31, the company’s records show the following items and amounts. Retained earnings, October 1 as $0. Cash $ 11,580 Cash dividends $ 1,890 Accounts receivable 13,860 Consulting revenue 13,860 Office supplies 3,140 Rent expense 3,390 Land 46,000...
The following information is available from Gray Co.'s accounting records for the year ended December 31,...
The following information is available from Gray Co.'s accounting records for the year ended December 31, 2016 (amounts in millions): Cash dividends declared and paid $ 525 Retirement of bonds payable at maturity 300 Interest and taxes paid 220 Proceeds of common stock issued 825 Proceeds from the sale of land 250 Collections from customers 4,720 Cash paid to suppliers and employees ? Purchase of buildings and equipment ? a. The net cash provided by operating activities for Gray Co....
Please answer These questions 18) Blue Sky Company reported net income of $520,000 for the year...
Please answer These questions 18) Blue Sky Company reported net income of $520,000 for the year ended 12/31/21. Included in the computation of net income were: amortization of a patent, $40,000; income from an investment in common stock of Grape Inc., accounted for under the equity method, $62,000; and amortization of a bond discount, $17,000. Blue Sky also paid a $50,000 dividend during the year. The net cash provided (used) by operating activities would be reported at ______ 19) XYZ,...
The following information from the Statement of Cash Flows of Dome Ltd. as of December 31,...
The following information from the Statement of Cash Flows of Dome Ltd. as of December 31, 2020 is available: Net cash used by investing activities..........      (65,000) Net cash provided by financing activities 20,000 Net increase in cash...................................         11,000 Cash, January 1, 2020...............................         33,000 Cash, December 31, 2020........................      $ 44,000 Purchase of land.........................................      (27,000) Purchase of buildings and equipment.....      (52,000) Sale of equipment……… 14,000 Payment of cash dividend.........................      (25,000) Sale of bonds............................................         45,000 The...
The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as...
The comparative balance sheet of Cromme Inc. for December 31, 2016 and 2015, is shown as follows: 1 Dec. 31, 2016 Dec. 31, 2015 2 Assets 3 Cash $625,080.00 $586,430.00 4 Accounts receivable (net) 228,260.00 209,470.00 5 Inventories 641,070.00 616,400.00 6 Investments 0.00 240,170.00 7 Land 327,640.00 0.00 8 Equipment 705,000.00 552,830.00 9 Accumulated depreciation-equipment (165,670.00) (148,610.00) 10 Total assets $2,361,380.00 $2,056,690.00 11 Liabilities and Stockholders’ Equity 12 Accounts payable (merchandise creditors) $425,090.00 $405,900.00 13 Accrued expenses payable (operating expenses)...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT