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lesya [120]
3 years ago
8

n preparing its cash flow statement for the year ended December 31, 2022, Reyes Co. gathered the following data: Gain on sale of

land$12,500 Proceeds from sale of land 21,500 Purchase of Diamond, Inc., bonds (face value $215,000) 362,000 Amortization of bond discount 4,800 Cash dividends declared 98,000 Cash dividends paid 72,000 Proceeds from sales of Reyes Co. common stock 159,000 In its December 31, 2022, statement of cash flows, what amount should Green report as net cash from financing activities
Business
1 answer:
rodikova [14]3 years ago
7 0

Answer:

$87,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow of cash while an increase in liabilities is an inflow of cash.

Hence the net cash from financing activities

= -$72,000 + $159,000

=  $87,000

Other activities are either operating or investing activities.

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Product concept is the marketing orientation states that consumers will favor products that offer the most in​ quality, performance, and innovative​ features.  Consumers are always looking for products that are high qualiy but aren't outragious in pricing or difficulty. When products better fit consumers needs at a price they can afford, it makes them more likely to spend the money and refer people to the products.

4 0
4 years ago
A purchase of equipment for $18,000 also involved freight charges of $500 and installation costs of $2,500. The estimated salvag
IrinaVladis [17]

Answer:

$4,750

Explanation:

The computation of the depreciation expense is shown below:

= (Original cost - residual value) ÷ (useful life)

where,

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And, the other items would remain same

Now put these values to the above formula

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= ($21,000 - $2,000) ÷ (4 years)

= ($19,000) ÷ (4 years)  

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3 0
3 years ago
What are some of the possible pitfalls of owning a credit card? Check all that apply. A Only paying the minimum balance due. B P
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<em>C. Paying your bill late.</em>

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6 0
4 years ago
Last year, Michelson Manufacturing reported $10,250 of sales, $3,500 of operating costs other than depreciation, and $1,250 of d
svet-max [94.6K]

Answer:

c. -$435.00

The answer and procedures of the exercise are attached in a microsoft excel document.

Explanation:

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

6 0
3 years ago
Creative Sound Systems sold investments, land, and its own common stock for $31.0 million, $15.1 million, and $40.2 million, res
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Answer:

Creative Sound Systems

Net cash flows from investing activities:

Cash inflow from sale of investments                     $31 million

Cash inflow from sale of land                                $15.1 million

Cash outflow from purchase of equipment        ($25.1 million)

<u>Cash outflow from purchase of patent                ($12.1 million)</u>

Net cash flows provided by investing activities    $8.9 million

Creative Sound Systems

Net cash flows from financing activities:

Cash inflow from issuing common stocks              $40.2 million

<u>Cash outflow from purchase treasury stock          ($21.1 million)</u>

Net cash flows provided by financing activities     $19.1 million

6 0
3 years ago
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