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
ra1l [238]
3 years ago
10

Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021. During 2021, equipment wit

h a cost of $270,000 (90% depreciated) was sold. The statement of shareholders' equity reveals reductions of $170,000 and $425,000 for stock dividends and cash dividends, respectively. Required: Prepare the statement of cash flows of Metagrobolize for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Enter your answers in thousands (i.e., 10,000 should be entered as 10). Amounts to be deducted should be indicated with a minus sign.)
Business
1 answer:
suter [353]3 years ago
8 0

Answer:

C. New equipment was purchased for $145,000 cash. d. A $29,000 note was paid at maturity on January 1 e. On January 1, 2021, bonds were sold at their $58,000 face value. f. Common stock ($45,000 par) was sold for $65,000. 9. Net Income was $90,000 and cash dividends of $50,000 were paid to shareholders. Required: Prepare the statement of cash flows of Wright Company for the year ended December 31, 2021. Present cash flows from operating activities by the direct method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (.e., 10,000 should be entered as 10).) WRIGHT COMPANY Statement of Cash Flows For the year ended December 31, 2021 (s in thousands) Cash flows from operating activities Cash inflows Cash outflows Net cash flows from operating activities Cash flows from investing activities

Explanation:

You might be interested in
On July 1, 2021, Tremen Corporation acquired 40% of the shares of Delany Company. Tremen paid $3,070,000 for the investment, and
forsale [732]

Answer:

Tremen's "Investment in Delany Company" account would have abalance of $3,214,000 at the end year of December 31 ,2021.

Explanation:

Dividend paid for the whole year = $170,000*4 = 680,000

= $3,070,000 + (40%)(1/2 of the year)($1,400,000 - $680,000

= $3,070,000 + 144,000

= $3,214,000

8 0
3 years ago
If a researcher asks a consumer why s/he wants to buy a Nokia cell phone, and learns, "They look well built" (attribute); then a
ra1l [238]

Answer:

D. laddering

Explanation:

6 0
3 years ago
suppose an economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adap
Tasya [4]

The economy is hit with a positive oil price shock in one period that raises the level of oil prices permanently. if adaptive expectations hold, this wil shift the AS curve up initially and then shift the AS curve back to original position in the following period.

<h3>What is the AS curve?</h3>

The aggregate supply curve describes the amount of real GDP that  the economy supplies at different price levels. The reasoning used to construct the aggregate supply curve is different from the reasoning used to construct the supply curves of individual goods and services. The supply curve for a single good is constructed under the assumption that the prices of production inputs remain unchanged. If the price of good X rises, the unit cost for sellers to supply good X does not change,  so sellers are willing to supply more of good X - so the supply curve for good X shifts upward. However, the aggregate supply curve is determined based on the price level. An increase in the price level increases the price  producers receive for their output and thus increases production.

To learn more about AS curve, refer;

brainly.com/question/14020407

#SPJ4

4 0
1 year ago
Bella is 23 years old and wants to invest money for her retirement. She wants to have $2,000,000 saved up when she retires at ag
maks197457 [2]

Answer to a:

The number of years for which the deposits will be made is given by:

= Retirement age - current age

= 65 - 23

= 42 years

5 0
3 years ago
If contracting a vendor for multiple locations, particularly over a wide geographic area, the most important factor would be
OLga [1]

Criteria in contracting a vendor are:

<span> Years in business Ability to constantly supply products. Ability to supply complete requirements. Flexibility to allow changes in orders or product lines. Substantial catalogue of products. Has staff that can answer questions you may have. Testimonials and references. Sustainability and financial stability. Prices. Delivery times. Terms of business. Customer service. </span>

<span>The most important factor to consider in contracting a vendor for multiple locations would be delivery times. </span><span>You need assurance that deliveries can be made where and when you want them.</span>

5 0
3 years ago
Other questions:
  • Suppose the median household earned $9,242 in 1976 and $52,624 in 2016. During that time, also suppose the CPI rose from 45.6 to
    14·1 answer
  • The purpose of a W–4 form is to _____. inform your employer how much you paid in taxes at your previous job tell the IRS how muc
    9·1 answer
  • Suppose a small business has sales of $14,000 this month, with future sales expected to grow by $1,300 each month. Costs consist
    9·1 answer
  • A purchase order is created by the accounting department. <br> a. True <br> b. False
    7·1 answer
  • Is the coffee market growing or shrinking and why
    6·1 answer
  • What are some of the pathways in the Agriculture, Food, and Natural Resources career cluster? Check all that apply.
    11·2 answers
  • The President asks Congress to approve a budget in which individual income taxes are raised by 5%. Explain how this could affect
    8·2 answers
  • Mays Corp. reported free cash flows for 2018 of $491 million and investment in operating capital of $321 million. Mays Corp. inc
    8·1 answer
  • The present government has initiated the tax reforms such as relaxation of taxes on relaxing a property sales tax, and removal o
    11·1 answer
  • Having unique accounts set up to access patient data is….
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!