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Dmitriy789 [7]
2 years ago
10

The following transactions occurred last year at Jogger Corporation: Issuance of shares of the company's own common stock $ 110,

000 Dividends paid to the company's own shareholders $ 3,000 Sale of long-term investment $ 4,000 Interest paid to lenders $ 8,000 Retirement of the company's own bonds payable $ 100,000 Proceeds from sale of the company's used equipment $ 29,000 Purchase of new equipment $ 170,000 Based solely on the above information, the net cash provided by (used in) financing activities for the year on the statement of cash flows would be: Multiple Choice $(138,000) $7,000 $424,000 $(1,000)
Business
1 answer:
Nata [24]2 years ago
4 0

Answer:

b. $7,000

Explanation:

Statement of Cash-flow from Financing activities

Particulars                                                 Amount

Issue common Stock                                $110,000

Dividend paid                                           -$3,000

Retirement of bonds payable                 -<u>$100,000</u>

Net cash flow from financing activities <u>$7,000   </u>

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Answer:

$3,500

Explanation:

This is because every Health and Disability Income Policy express the conditions and provisions for continuation of the contract on the new income level.

3 0
3 years ago
On December 31, 2018, the balance in Megan's Products Accounts Receivable was $680,000 and net credit sales amounted to $3,800,0
Andru [333]

Answer and Explanation:

The Journal entry is shown below:-

a. Bad Debt Expense Dr, $36,800            ($40,000 – $3,200)

                    To Allowance for Doubtful Accounts $36,800

(Being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited

b. Bad Debt Expense Dr, $40,730          ($40,000 + $730)

     To Allowance for Doubtful Accounts $40,730

For recording this we debited the bad debt expense as it increased the expenses and at the same time it reduced the assets so the allowance for doubtful accounts is credited

7 0
3 years ago
Which of the following is NOT a reason to complete the Free Application for Federal Student Aid (FAFSA)?
Veseljchak [2.6K]

Answer:

its no obligadp

Explanation:

5 0
3 years ago
Assume that a 10-year Treasury bond has a 12% annual coupon, while a 15-year T-bond has an 8% annual coupon. Assume also that th
Lady bird [3.3K]

Answer:

A)If interest rates decline, the prices of both bonds will increase, but the 15-year bond would have a larger percentage increase in price.

TRUE

As it has more time to maturity it will have a higher time expose to the rate therefore, will be more volatile against the rate fluctuations

Explanation:

The 10-year ond is issued at premium, above par as the coupon rate 12% is higher than market rate 10%. Each year will decrease the market value to come closer to maturity date.

The 15-year ond is issued at discount, below par as the coupon rate 8% is lower than market rate 10%. Each year will increase the market value to come closer to maturity date.

3 0
3 years ago
When your father was born 48 years ago, his grandparents deposited $250 in an account for him. Today, that account is worth $36,
ki77a [65]

Answer:

10.94%

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Your father was born 48 years ago

His grandfather deposited $250 in an account for him

Today the money is worth $36,500

The annual rate of his return can be calculated as follows

= 36500/250 ×1/48= (1+r/100)

= 146^0.020833= (1+r/100)

= 1.1094-1

= 0.10940×100

= 10.94%

6 0
3 years ago
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