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marishachu [46]
3 years ago
6

Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. In the statement of cash flows, this

activity will be reported under cash flows from _____ activities.
Business
1 answer:
natima [27]3 years ago
6 0

Answer:

Cash flow from financing activities

Explanation:

There are 3 ways of reporting financial data of an organisation. The balance sheet, cash flow statement, and income statement.

Cash flow statement shows the sources of cash coming into and going out of an organisation.

The major sources are operations, financing, and investing activities.

Financing activities are those in which a company a company raises capital by selling shares, and pays back it's investors.

In the given scenario where Zack Corporation made an initial issue of 10,000 shares of $2 each to the public for cash. They are raising cash so this is a financing activity.

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The additional expenses required in order to avoid keeping currency during periods of inflation are known as shoe leather costs.

<h3>What do you know about holding cash?</h3>

The reasons for keeping cash are pretty straightforward. Cash inflows and outflows may balance each other out, or the outflows occasionally exceed the inflows. Hence, to cover up these eventualities, organizations hold cash to meet certain unpredictable situations.

The term "transaction motive" refers to the need for cash that a business has for ongoing operations. In general, the business needs cash to pay employees' salaries, rent, pay for labor, acquire items, and other expenses. On the receiving side, the business receives money from customers, debtors, and other sources. The inflows and outflows do not always coincide. As a result, the company keeps some cash on hand to fill this shortfall.

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8 0
1 year ago
During 2018, Raines Umbrella Corp. had sales of $715,000. Cost of goods sold, administrative and selling expenses, and depreciat
Dima020 [189]

Answer:Net Income/ loss= -$37,100

Raine's operating cash flow= $174,000

Explanation:

Net income/loss for Raines Umbrella Corp In 2018

Sales                                                        $715,000

less:  Cost of goods sold                        -$446,000

Administrative and Selling expenses        -$95,000

 Depreciation                                              -$140,500

 EBIT                                                             $33,500

less: Interest                                                  $ 70,600

Net loss                                                          -$37,100

B) Raine's operating cash flow:

= EBIT + Depreciation - Taxes( Since a net loss was recorded by Raines, yhere would be no taxes  

= $33,500 + $140,500 - $0

= $174,000

7 0
2 years ago
How would I put the reason I left my job simply and professionally if this was the reason: I left my job due to my drivers ed sc
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5 0
3 years ago
I need help on Personal Finance.
nikklg [1K]
Current market conditions
3 0
3 years ago
On January 1, 20X8, Polo Corporation acquired 75 percent of Stallion Company's voting common stock for $300,000. At the time of
lions [1.4K]

Answer:

Explanation:

Base on the question been given to us, we can solve this using equity method as seen below

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300000+0.75*(25000)

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Economic Life 10

Amortization $5,000

The $ 5000 would be reduced from the net income

6 0
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