Question

During the year, ABC Corporation's Treasury Stock account increased $46,000 due to a cash purchase, cash...

During the year, ABC Corporation's Treasury Stock account increased $46,000 due to a cash purchase, cash dividends of $42,000 were paid and the company reported net income of $200,000. On the statement of cash flows (indirect method), Net cash used by financing activities is:
Select one:
a. ($88,000).
b. ($112,000).
c. ($154,000).
d. ($158,000).

Please Solve As soon as
Solve quickly I get you two UPVOTE directly
Thank's
Abdul-Rahim Taysir

Business   Finance   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

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
During the year, ABC Corporation's Treasury Stock account increased $46,000 due to a cash purchase, cash...
During the year, ABC Corporation's Treasury Stock account increased $46,000 due to a cash purchase, cash dividends of $42,000 were paid and the company reported net income of $200,000. On the statement of cash flows (indirect method), Net cash used by financing activities is: Select one: a. ($88,000). b. ($112,000). c. ($154,000). d. ($158,000). Please Solve As soon as Solve quickly I get you two UPVOTE directly Thank's Abdul-Rahim Taysir
If $380,000 of bonds are issued during the year and $130,000 of bonds are retired during...
If $380,000 of bonds are issued during the year and $130,000 of bonds are retired during the year, the statement of cash flows (indirect method) will show a(n): Select one: a. net decrease in cash of $250,000 in the operating activities section. b. net increase in cash of $250,000 in the operating activities section. c. net gain on retirement of bonds of $250,000 in the financing activities section. d. increase in cash of $380,000 in the financing activities section and...
MERNA Company reported net income of $30,000; depreciation expenses of $19,000; an increase in Accounts Payable...
MERNA Company reported net income of $30,000; depreciation expenses of $19,000; an increase in Accounts Payable of $2,000; and an increase in current notes receivable of $3,000. Net Cash Flows from operating activities under the indirect method is: Select one: a. $49,000. b. $50,000. c. $44,000. d. $48,000. Please Solve As soon as Solve quickly I get you two UPVOTE directly Thank's Abdul-Rahim Taysir
OMAR Company. reported net income of $53,000; depreciation expenses of $11,000; a gain on a land...
OMAR Company. reported net income of $53,000; depreciation expenses of $11,000; a gain on a land sale of $3,000; and a decrease in Accounts Receivable of $3,500. Under the indirect method, net Cash Flows from operations is: Select one: a. $70,500. b. $67,500. c. $57,500. d. $64,500. Please Solve As soon as Solve quickly I get you two UPVOTE directly Thank's Abdul-Rahim Taysir
A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on...
A company's income statement showed the following: net income, $124,000; depreciation expense, $30,000; and gain on sale of plant assets, $14,000. An examination of the company's current assets and current liabilities showed the following changes as a result of operating activities: accounts receivable decreased $9,400; merchandise inventory increased $18,000; prepaid expenses decreased $6,200; accounts payable increased $3,400. Calculate the net cash provided or used by operating activities. Select one: a. $155,000. b. $145,800. c. $141,000. d. $139,000. Please Solve As...
You are given the following information. What is the initial cash outflow? Purchase and installation of...
You are given the following information. What is the initial cash outflow? Purchase and installation of new equipment $12,000 The sale price of replaced equipment $ 4,000 Book value of replaced equipment $ 3,000 When the new equipment is installed: Inventory increase $ 2,000 Accounts payable decrease $ 1,000 TAXES 40% IN YOUR ANSWER DO NOT USE WORDS JUST NUMBERS SUCH AS 000,000 000000 Please Solve As soon as Solve quickly I get you two UPVOTE directly Thank's Abdul-Rahim Taysir
If you expect the market to increase which of the following portfolios should you purchase? Select...
If you expect the market to increase which of the following portfolios should you purchase? Select one: a. a portfolio with a beta of 1.0 b. a portfolio with a beta of 0 c. a portfolio with a beta of -0.5 d. a portfolio with a beta of 1.9 A firm is evaluating an investment proposal which has an initial investment of $5,000 and cash flows presently valued at $4,000. The net present value of the investment is ______. Select...
If you expect the market to increase which of the following portfolios should you purchase? Select...
If you expect the market to increase which of the following portfolios should you purchase? Select one: a. a portfolio with a beta of 1.0 b. a portfolio with a beta of 0 c. a portfolio with a beta of -0.5 d. a portfolio with a beta of 1.9 A firm is evaluating an investment proposal which has an initial investment of $5,000 and cash flows presently valued at $4,000. The net present value of the investment is ______. Select...
Ramon Company reports net income of $305,000 for the year ended December 31, 2019. It also...
Ramon Company reports net income of $305,000 for the year ended December 31, 2019. It also reports $93,700 depreciation expense and a $10,000 loss on the sale of equipment. Its comparative balance sheet reveals a $40,200 increase in accounts receivable, a $10,200 decrease in prepaid expenses, a $15,200 increase in accounts payable, a $12,500 decrease in wages payable, a $75,000 increase in equipment (cash is involved), and a $100,000 decrease in long - term notes payable (cash is involved). Calculate...
On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received...
On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The journal entry to record the first interest payment is: Select one: a. Debit Bond Interest Expense $14,000; credit Cash $14,000. b. Debit Bond Interest Expense $28,000; credit Cash $28,000. c. Debit Bond Interest Expense $13,800; debit Discount on Bonds Payable $200;...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT