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
hram777 [196]
3 years ago
13

Determining Cash Flows from Financing Activities Nichols Inc. reported the following amounts on its balance sheet at the end of

2019 and 2018 for equity: 12/31/2019 12/31/2018 Common stock $164,000 $105,000 Retained earnings 455,490 376,750 Required: Assume that Nichols did not retire any stock during 2019, it reported $96,100 of net income for 2019, and any dividends declared were paid in cash. Determine the amounts Nichols would report in the financing section of the statement of cash flows.
Business
1 answer:
avanturin [10]3 years ago
5 0

Answer:

Explanation:

First of all we will perpare the T-Accounts for the identification of shares issued and dividend paid during the year as follows :

Share Capital And premium Account  

Opening Balance  -105000

Closing Balance  164000

Shares Issued  59000

Retained Earnings      

Opening Balnce                   376750

Net Income During the Year       96100

Closing Balance                     -455490

Dividend Paid Balancing figure       17360

Now We will Draft the inancing section of the statement of cash flows.

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

Issuance of shares                                    59000

Dividend Paid                                            -17360

Net cash from finance activity                  41640

You might be interested in
In carrying out market research for a locality, you collect data on income levels, life style characteristics,
Mariana [72]

The correct answer is letter D.<span>

<span>The description above is an example of a collection of demographic information. This refers to characteristics of a certain population in particular geographic location. Race, gender, age, profession, among others, are typical examples of demographics that are commonly used in surveys. </span></span>

5 0
3 years ago
Cultural and behavioural expectations of studying for a degree in business management
AlladinOne [14]

The Cultural and behavioural expectations of studying for a degree in business management is to be able to know the relationship and the culture with respect to behaviors of  employees, managers and customers.

<h3>What is cultural behavior in business?</h3>

The cultural behavior in business helps to be familiar with the  employees, managers and customers  and the relationship between them as regards the culture of the business.

This help to know the team's behavior, as well as setting them up to to record success in workplace.

Learn more about business management on:

brainly.com/question/26106218

#SPJ1

4 0
2 years ago
Sport entertainment includes a variety of jobs and segments of the industry. Which of the following is a job type associated wit
Feliz [49]

Answer:

D) Event management, is the correct answer.

Explanation:

The sports events generates lots of income both for the sports organization and hotels, airports near the sporting event. Although the event appears to be fun it requires loads of hard work to organize big sporting events. The sporting event organizers make these events successful and plan every detail into preparing the team and facility for the game. Sporting event planners work at different levels of from college games to professional matches.

6 0
3 years ago
Last year, a toy manufacturer introduced a new toy truck that was a huge success. The company invested $2.50 million in a plasti
aev [14]

Answer:

P= 18

Explanation:

Giving the following information:

Fixed costs= 2,500,000 + 300,000= 2,800,000

Variable costs= 10 per unit

Estimated demand= 100,000 units

Break-even point= fixed costs/(P - variable cost)

100,000= 2800000/(P - 10)

100000*(P - 10)= 2,800,000

100000*P - 1,000,000= 2,800,000

100000P=1,800,000

P= 18

8 0
3 years ago
As an importer of clothing, would you rather have your products sold by a general merchandise retailer or a specialty store? Why
jok3333 [9.3K]

Answer:

Specialty store

Explanation:

6 0
3 years ago
Other questions:
  • Job Performance = Motivation x Ability x Situational Constraints
    13·1 answer
  • Which of the following statements is FALSE? Global bonds combine the features of domestic, foreign, and Eurobonds, and are offer
    13·1 answer
  • Fresh Baked Goods has 36,800 shares of stock outstanding at a market price of $24.91 per share. What will be the price per share
    7·1 answer
  • When demand is inelastic and price is decreased:
    15·1 answer
  • A student who is interning with your company made some updates to the music video project schedule. Unfortunately, he is still l
    9·1 answer
  • Jeff and Bill’s business is well received. However, they must quickly make a major change or the business will fail.
    5·1 answer
  • Burger King is a cash-basis taxpayer but maintains its financial accounting records using full
    14·2 answers
  • Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are $116 per unit. If the c
    5·1 answer
  • Why do companies have to study their environtment first before venturing into new businesses ?
    7·2 answers
  • An argument for trade tariffs is that it protects infant industries.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!