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AleksAgata [21]
4 years ago
15

Carla Corporation engaged in the following cash transactions during 2020. Sale of land and building $181,050 Purchase of treasur

y stock 42,900 Purchase of land 41,400 Payment of cash dividend 89,700 Purchase of equipment 59,500 Issuance of common stock 150,700 Retirement of bonds 102,700 Compute the net cash used (provided) by financing activities
Business
1 answer:
bulgar [2K]4 years ago
3 0

Answer:

the net cash used (provided) by financing activities is $ 84,600

Explanation:

<em>Under GAAP, the Dividends payment is accounted as a financing Activity.</em>

<u>Cash flow from Financing Activities</u>

Purchase of treasury stock                                  (42,900)

Payment of cash dividend                                   (89,700)

Issuance of common stock                                  150,700

Retirement of bonds                                            (102,700)

Net Cash flow from financing Activities              (84,600)

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An inference is the conclusion that can be deduced based on an information.

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3 0
2 years ago
The following information on selected transactions for the year has been provided by Baker Company: Proceeds from issuing bonds
8_murik_8 [283]
I think it is D. 800000
3 0
3 years ago
James Corporation owns 80 percent of Carl Corporation’s common stock. During October, Carl sold merchandise to James for $250,00
Setler [38]

Answer:

unrealised profit on unsold stock with james corporation =  $30000

so correct option is b. $30,000

Explanation:

owns = 80 %

sold = $250,000

inventory = 40 %

Gross profit = 20 %

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amount of intra entity gross profit  

solution

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unsold stock with james corporation = $100,000

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unrealised profit on unsold stock with james corporation is in consolidated statement is = unsold stock with james corporation × profit rate i.e 30%

unrealised profit on unsold stock with james corporation = $100000 × 30%

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so correct option is b. $30,000

4 0
3 years ago
The assessed value of Sidney's home is $350,000, but the home was recently appraised at $225,000. As a result, Sidney believes h
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Answer:

Depending on the reason why Sidney requested the appraisal, she has two options:

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4 years ago
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zmey [24]

Answer:

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Investors buy more securities in a bullish market, so they have less cash.

In a bearish market investors sell the securities that are losing value, so they will have more cash on hand.

So cash position increased in a bearish market while cash position reduces in a bullish market

5 0
3 years ago
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