Question

A Spanish subsidiary of a U.S. parent reports the following information on its statement of cash...

A Spanish subsidiary of a U.S. parent reports the following information on its statement of cash flows:

• Beginning cash balance, €10,000
• Cash from operating activities, €500,000
• Cash used for investing activities, €650,000
• Cash from financing activities, €160,000
• Beginning rate, €1.24; average rate, €1.26; ending rate, €1.30
• Operating, investing, and financing cash flows were incurred evenly over the year.

What is the effect of exchange rate changes on cash?

A.

$1,000 gain
B.

$1,000 loss
C.

$ 800 gain
D.

$ 800 loss
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

In case of any doubts or Issues, Please comment below

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
The statement of cash flows reports all but which of the following: Multiple Choice Cash flows...
The statement of cash flows reports all but which of the following: Multiple Choice Cash flows from operating activities. Cash flows from financing activities. Cash flows from investing activities. Significant noncash financing and investing activities. The financial position of the company at the end of the accounting period.
True or False 1. The approach to preparing the cash flow statement relies on the following...
True or False 1. The approach to preparing the cash flow statement relies on the following rearrangement of the balance sheet equation: Change in cash = Change in (Liabilities + Stockholders' Equity + Noncash Assets). 2. Major investing and financing activities that do not involve cash do not have to be reported as part of the statement of cash flows. 3. In the decline phase, the company continues to enjoy positive operating cash flows but stops spending cash on investing...
A firm reports the following information from their financials for 2018: Financial Data 2018 Net cash...
A firm reports the following information from their financials for 2018: Financial Data 2018 Net cash provided by operating activities $427,000.00 Net cash used in investing activities -$97,000.00 Net cash provided by financing activities -$214,000.00 What is the net increase in cash and marketable securities for 2018? If the cash and marketable securities balance was $50,000 at the beginning of the year, what is the balance at the end of 2018?
Preparing a Statement of Cash Flows (Direct Method) Use the following information about the 2016 cash...
Preparing a Statement of Cash Flows (Direct Method) Use the following information about the 2016 cash flows of Mason Corporation to prepare a statement of cash flows under the direct method. Refer to Exhibit 4.3 for the appropriate format. Cash balance, end of 2016 $12,000 Cash paid to employees and suppliers 148,000 Cash received from sale of land 40,000 Cash paid to acquire treasury stock 10,000 Cash balance, beginning of 2016 16,000 Cash received as interest 6,000 Cash paid as...
The current period statement of cash flows includes the following: Cash balance at the beginning of...
The current period statement of cash flows includes the following: Cash balance at the beginning of the period $295,000 Net cash flow from operating activities 192,000 Net cash flow used for investing activities 37,000 Net cash flow used for financing activities 104,000 The cash balance at the end of the period is
Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect...
Entity A prepares its Statement of Cash Flows in accordance with US GAAP using the indirect method. Indicate the reporting of the following transaction or event by the major categories on the statement: Entity A's income statement reveals depreciation expense of $10,000. Cash Flows From Operating Activities–Add to Net Income Cash Flows From Operating Activities–Deduct from Net Income Cash Flows From Investing Activities Cash Flows From Financing Activities Non-cash Entity A prepares its Statement of Cash Flows in accordance with...
CASH FLOW CATEGORIES Augustus Corporation reports the following items in its statement of cash flows. Indicate...
CASH FLOW CATEGORIES Augustus Corporation reports the following items in its statement of cash flows. Indicate whether each item is considered to be an operating, investing, or financing activity. Operating Investing Financing Cash paid for salaries and wages Cash paid to purchase property, plant, and equipment Cash received from issuing stock to owners Cash paid for income taxes Cash paid to purchase investments in securities Dividends paid to owners F Interest paid on liabilities O Cash received from sale of...
1- When preparing a statement of cash flows using the indirect method, each of the following...
1- When preparing a statement of cash flows using the indirect method, each of the following should be classified as an operating cash flow except: Multiple Choice An increase in accounts receivable. A decrease in accounts payable. Proceeds from the disposal of a long-term asset with no gain or loss. An increase in prepaid expenses. A decrease in accrued expenses payable. 2- Marshland Company is preparing the company's statement of cash flows for the fiscal year just ended. The following...
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...
Sunland Company’s income statement for the year ended December 31, 2020, contained the following condensed information....
Sunland Company’s income statement for the year ended December 31, 2020, contained the following condensed information. Service revenue $848,000 Operating expenses (excluding depreciation) $618,000 Depreciation expense 59,000 Loss on sale of equipment 25,000 702,000 Income before income taxes 146,000 Income tax expense 40,000 Net income $106,000 Sunland’s balance sheet contained the following comparative data at December 31. 2020 2019 Accounts receivable $39,000 $57,000 Accounts payable 39,000 32,000 Income taxes payable 4,200 8,900 (Accounts payable pertains to operating expenses.) Prepare the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT