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
hoa [83]
3 years ago
9

Payment for the early retirement of long-termbonds payable (carrying amount $370,000) $375,000Distribution in Year 2 of cash div

idend declared in Year 1 to preferred shareholders 31,000Carrying amount of convertible preferred stock \in Xan, converted into common shares 60,000Proceeds from sale of treasury stock (carrying amount at cost, $43,000) 50,000During Year 2, Xan, Inc. had the following activities related to its financial operations:Xan uses U.S. GAAP. In Xan's Year 2 statement of cash flows, net cash used in financing operations shouldbe:
Business
1 answer:
klasskru [66]3 years ago
7 0

Answer:

Cash used for financing activities 356,000

Explanation:

extinguish of bonds payable (375,000)

preferred dividends                  (31,000)

proceeds from TS                     50,000

Cash used for financing activities 356,000

The conversion do nt involve cash, so it is not included in the cash flow statement.

The carrying ammount, gain and losses are not relevant for the cash flow statement.

We have to focus in the cash movements only.

You might be interested in
DDX Co. is a short-haul trucking company. Juan owned 1,000 shares of DDX stock. With research, he found a better investment oppo
Lina20 [59]

Answer and Explanation:

This is an example of corporation. Corporation is a legal entity wherein it goes public and offers its shares for ownership and trading in the primary and secondary market. Corporation is public limited company and has a board consisting of executives and CEO. Whereas, the shareholders do not interfere with the management decisions they are only concerned with their dividends.

In this case, Juan owned 1000 shares of DDX. DDX is a corporation because it is able to offers its shares to the general public and allows trading of shares for ownership.

3 0
3 years ago
Jason is shopping at Hollister. Hollister has a sale: spend $100 saves 10%. If Jason buys clothes that costs $100, how much will
densk [106]

Answer:

$90

Explanation:

Hollister has an offer of 10%  savings for every purchase.

Jason buys clothes for $100. His savings will be 10% of $100

=10/100 x100

=0.1 x 100

=$10

Jason will pay

=$100 - $10

=$90

Jason will pay $90

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
How long and when do political caucuses last?
Damm [24]
First of all a meeting at which local members of a political party register their preference among candidates running for office or select delegates to attend a convention. Depending on the party, the caucuses could last from 2 to 3 hours. This caucuses <span>generally begin in either late-January or early-February, and ending about mid-June before the general election in November. </span>
5 0
3 years ago
An entrepreneurial team is a group composed of the entrepreneur plus the firm's banker, cpa, and attorney. the firm's managers.
makvit [3.9K]

Answer:

"An entrepreneurial team is a group composed of the entrepreneur plus the firm's banker, CPA, and attorney."

Explanation:

An entrepreneurial team usually consists of 2 or more people with a great interest in the success and future of a company. The work of this team is interdependent as they pursue common goals for success for the venture. They are usually interested in the financial and other areas of a company and include the entrepreneur, the CPA, attorney, and the organization's banker.

8 0
3 years ago
Other questions:
  • Everything Looks Like a Nail, Inc. is a manufacturing company that produces hammers. The company faces a number of different fix
    12·1 answer
  • To be productive in a nee job, which one of the following suggestions can you safely ignore?
    12·1 answer
  • What is the difference between supply and quantity supplied?
    6·1 answer
  • _____ offers a variety of programs and support services.
    12·1 answer
  • Tom Tom LLC purchased a rental house and land during the current year for $150,000. The purchase price was allocated as follows:
    5·1 answer
  • All of the following statements about GDP are false except Group of answer choices Higher GDP reflects more equal distribution i
    12·1 answer
  • Easton Corporation is involved in the evaluation of a new computer-integrated manufacturing system. The system has a projected i
    6·1 answer
  • If you burn garbage in your backyard and the smoke damages a neighbor's house,the damage is considered an externality.The extern
    9·1 answer
  • If a check correctly written and paid by the bank for $646 is incorrectly recorded on the company's books for $664, the appropri
    7·1 answer
  • describe the difference in economic profit between a competitive firm and a monopolist in both the short and long run. which sho
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!