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
What are examples of career fields Skills USA prepares students for? Check all that apply.
MissTica

Answer:

Health

Education

Information technology

Agriculture

Manufacturing

Explanation:

First let's define a career field skills:

A career field skills is an extra skill or a transferable skill which one can develop on his journey of life in such a way that one can be self employed with it.

Health skills

Education skills

Information technology skills

Agriculture skills

Manufacturing skills

The above mentioned skills are example of career fields Skills USA prepares students for so that they can earn even without working for anyone.

6 0
3 years ago
The celebration of key accomplishments by chest bumps and the push-up contests reflected what level of organizational culture at
lesantik [10]

Answer:

Uber's Organizational Culture during former CEO Kalanick's tenure:

A. observable artifacts

Explanation:

Observable artifacts are the visible cultural manifestations prevalent in an organization, through which the organization's culture is expressed in tangible terms.  A culture of casualness will become visible in the dress code and how people address one another by first names or surnames.  Even the way products are displayed and offices are furnished reflect observable artifacts of an organization's deeper culture of acceptance and openness.

3 0
3 years ago
Upon what specific assumptions is this production possibilities curve based?
mihalych1998 [28]

Answer:

C. Full employment, fixed supplies of resources, fixed technology, and two goods

Explanation:

Production Possibility curve: It is a curve that shows all possible combinations to the amounts of the two goods that can be produced with the available resources and technology.

In simple words, all resources which are used to produce the possible combinations are called full employment. Thus, these specific assumptions plays vital role in production possibilities curve.

So, A, B, and the D are incorrect options.

3 0
3 years ago
When effective communication affected your success at work
artcher [175]

Answer:

Being able to communicate at school and in the workplace may mean the difference between success and failure. With your peers, communication helps you to engage and find common ground, allowing you to build friendships that not only last a lifetime, but may lead to future employment opportunities.

Explanation:

8 0
3 years ago
Jax Recording Studio purchased $7,800 in electronic components from Music World. Jax signed a 60-day, 8% promissory note for $7,
Lostsunrise [7]

Answer:

Interest revenue = $7800*8%/360*60

Interest revenue = $104

Date  Journal Entry             Debit    Credit

          Cash                          $7,904

                 Notes Receivable            $7,800

                 Interest Revenue             $104

5 0
3 years ago
Other questions:
  • Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
    8·1 answer
  • The actions an organization can and perhaps should take while an incident is in progress should be specified in a document calle
    13·1 answer
  • In supplier selection, the main idea is to find the highest-quality materials available.
    10·1 answer
  • In general, securities with ____ credit risk and _______ liquidity will offer higher yields. a. lower; lower b. higher; lower c.
    5·1 answer
  • Exercise 13-8 Payback Period and Simple Rate of Return [LO13-1, LO13-6]
    13·1 answer
  • Suppose the economy is on the classical range of the aggregate supply curve and has a problem with inflation. According to Keyne
    13·1 answer
  • Martin Buber Co. purchased land as a factory site for $400,000. The process of tearing down two old buildings on the site and co
    15·1 answer
  • Crop-share lease is a kind of land lease, where a specified percentage of the crop is paid to the land owner for use of the land
    9·1 answer
  • How do adjustments affect financial results? (You may select more than one answer. Single click the box with the question mark t
    13·1 answer
  • The trial balance prepared after all closing entries have been journalized and posted is called the?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!