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ivanzaharov [21]
3 years ago
13

Omni Corporation's accumulated depreciation—equipment account increased by $5,300, while $3,400 of patent amortization was recog

nized between balance sheet dates. There were no purchases or sales of depreciable or intangible assets during the year. In addition, the income statement showed a loss of $4,000 from the sale of land.
Reconcile a net income of $120,400 to net cash flow from operating activities. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.
Business
1 answer:
dmitriy555 [2]3 years ago
8 0

Answer:

Cashflow from Operating Activities

Net Income                                                                 $120,400

Adjastment for Non-Cash Items

Depreciation                                                                  $5,300

Amortization                                                                   $3,400

Adjastments of Items appearing elsewhere

Loss from the sale of land                                            $4,000

Net Cash flow from operating activities                    $133,100

Explanation:

Net Income is reconciled in the cashflow statement via the indirect method. Its is adjasted for Non-Cash Items, Items appearing elsewhere in the cashflow statement and Working Capital Movements

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On January 1, Skysong, Inc. had 90,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $5
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No. of shares outstanding = A

Par Value (at $5)  = B

Additional Paid in capital in excess of Par = C

Dividend  = D

                                          A             B(A*$5)            C               D

Jan 1 balance               90,500       $452,500          $0

                                    shares

Add: Issued Apr 1         21,000         $105,000   $294000

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June 30 Balance         111,500      $557,500   $294,000   $111,500

                                    shares                                     [111,500 shares x $1]

Add: Dec 1 Issued       2,500 shares $12,500      $32,500

Dec 31 Balance            114,000         $570,000  $326,500  $490,200

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Journal Entries based on above

Date         Accounts Titles          Debit            Credit

15-Jun     Dividends                 $111,500

                    Dividends payable                     $111,500

10-Jun      Cash                         $111,500

                     Dividends                                 $111,500

15-Dec      Dividends                   $490,200

                     Dividends payable                   $490,200

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Elena-2011 [213]

The current share price is approximately $69.47

<h3>What is the Share price?</h3>
  • The cost of one share of a group of marketable equity shares of a firm is known as the share price.
  • Simply put, the stock price is either the lowest possible price or the maximum price someone is ready to pay for the stock.
  • Analysts estimate the behavior of asset prices, especially share prices in stock markets, using random walk approaches in economics and financial theory.
  • The share price method is predicated on the idea that investors behave logically and impartially and constantly appraise the value of an asset based on expectations for the future.
  • In such a scenario, the price is influenced by all available information and is only subject to alteration in response to the release of new information.

Share price = $13.5 × Present value of annuity factor(11%,8)

Share price =$13.5 × 5.146122761

Share price =$69.47(Approx).

Hence, the current share price is approximately $69.47

To learn more about Share price from the given link

brainly.com/question/28546868

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it is option A

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