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Cash Flows from Financing Activities Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided...

  1. Cash Flows from Financing Activities

    Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided the following information:

    Hayashi, Inc.
    Comparative Balance Sheets
    At December 31, 20X1 and 20X2
    20X1 20X2
    Bonds payable $         —    255,000   
    Mortgage payable 50,000    —   
    Common stock 187,500    187,500   
    Paid-in capital in excess of par 140,000    140,000   
    Retained earnings 912,500    1,162,500   

    Required:

    Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow.
    $

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Answer #1

Answer-

HAYASHI INC.
STATEMENT OF CASH FLOWS PARTIAL (USING INDIRECT METHOD)
FOR THE YEAR ENDED DECEMBER 31, 20X2
Particulars Amount
$
Cash Flow from Financing activities
Cash received from issue of bonds payable 255000
Cash used for payment of mortgage payable -50000
Cash used for payment for cash dividends ($912500+$450000-$1162500) -200000
Net cash Flow provided from Financing activities 5000
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