1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
White raven [17]
3 years ago
11

Purchase investment in bonds for $115,000. Sell land costing $40,000 for only $31,000, resulting in a $9,000 loss on sale of lan

d. Purchase $70,000 in equipment by issuing a $70,000 long-term note payable to the seller. No cash is exchanged in the transaction. Declare and pay a cash dividend of $30,000. Required Prepare the statement of cash flows using the indirect method.

Business
1 answer:
Juli2301 [7.4K]3 years ago
6 0

Answer:

net cash flow  26,800

Explanation:

NOTE: missing information attached.

Operating

net income                 104,000

removal of non-monetary terms

depreciation expense 37,000

loss on sale of land       9,000

adjusted net income        150,000

<u>Changes in working capital:</u>

Increase in AR                  (22,000)

Decrease in Inventory       40,000

Prepaid increase                 (7,200)

Decrease in AP                 (16,000)

decrease interest paayble (5,000)

increase in tax payable         1,000

net change in working capital     (9,200)

net cash generated from operating     140,800

investing

sale of land 31,000

purchase of debt securities (115,000)

cash used in investing activities 84,000

financing

cash dividends (30,000)

cash used in financing activites 30,000

net cash flow  26,800

beginning cash 227,800

ending cash 254,600

You might be interested in
The members of an audience of a play or film will not all react to a production the exact same way. True False
ddd [48]
True! :)
Brainlist appreciated
5 0
3 years ago
Read 2 more answers
Which of the following falls outside of the classification of business expenditures that fall into the category of variable cost
yuradex [85]

The option that falls outside of the classification of business expenditures that fall into the category of variable costs is option C. costs of research and development. Read below about costs of research and development.

<h3>What is a costs of research and development?</h3>

These are costs taken to develop new products or processes that may or may not result in commercially viable items. The general rule is that research and development costs are to be expensed immediately when the costs are incurred.

Therefore, the correct answer is as given above.

learn more about costs of research and development: brainly.com/question/18685415

#SPJ1

4 0
2 years ago
Ray has six hours before he goes to bed on a school night. He plans to spend an hour surfing the Internet, two hours playing his
dsp73
He will ask his brother to help him with his homework but exclude watching tv and playing video games until he finishes the homework
4 0
3 years ago
xyz company recently signed a lease on their new office space. as part of the lease agreement, they must pay for property's real
erastovalidia [21]

If they must pay for property's real estate taxes and premiums for insuring the building. The type of lease xyz company sign is:<u> Double net lease.</u>

<h3>What is Double net lease?</h3>

Double net lease can be defined as form of agreement that occur between a tenant and a landlord were the tenant agrees to pay for the cost of rent while the landlord on the other hand agrees to pay for operating expenses incurred by the tenant.

Based on the given scenario the type of the lease xyz company sign is called double net lease as they have to pay for property's real estate taxes  as well premiums for insuring the building.

Therefore the type of lease xyz company sign is:<u> Double net lease.</u>

Learn more about  double net lease here:brainly.com/question/14244511

#SPJ1

4 0
1 year ago
Tim writes a note to his boss to apologize for an embarrassing typo in a recent publication. at the end of the message, he promi
lina2011 [118]
<span>Tim’s desire to demonstrate remorse for his sanctions as well as demonstrate his understanding of the consequences of his poor behavior. This promise is an example of Tim attempting to secure future employees within with his current organization. Tim is ultimately owning my up to a mistake like a true man.</span>
6 0
3 years ago
Other questions:
  • If expected return is less than required return on an​ asset, rational investors will​ ________.
    8·1 answer
  • Through its ________ program, the SBA oversees about 11,500 volunteers with international trade experience to provide one-on-one
    13·1 answer
  • An economy can produce the following combinations of goods: 50X and 0Y, 40X and 10Y, 30X and 20Y, 20X and 30Y, 10X and 40Y, and
    10·1 answer
  • During the current year, sally sold her interest in two small business coeporations?
    15·1 answer
  • If marginal product is greater than average product:
    9·1 answer
  • Performance appraisals generally fulfill two functions. The first is to identify individual strengths and weaknesses and to deve
    12·1 answer
  • On January 1 of this year, Ikuta Company issued a bond with a face value of $100,000 and a coupon rate of 5 percent. The bond ma
    5·1 answer
  • A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposa
    12·1 answer
  • Since institutional investors own a large percentage of shares in many corporations they may have the ability to vote large bloc
    10·1 answer
  • What are Financial Statements??​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!