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fredd [130]
3 years ago
5

Whispering Winds Corp. issued common stock for proceeds of $513000 during 2022. The company paid dividends of $91000 and issued

a long-term note payable for $345000 in exchange for equipment during the year. The company also purchased treasury stock that had a cost of $75000. The financing section of the statement of cash flows will report net cash inflows of
Business
1 answer:
Oksanka [162]3 years ago
8 0

Answer:

$347,000

Explanation:

Financing Activities are Activities regarding sourcing and repayment of finance.

Also, Consider only transactions or events involving movement of cash.

<u>Cash flow from Financing Activity</u>

Proceeds from Issue of shares                                $513000

Dividend Paid                                                            ($91000)

Purchase of treasury stock                                      ($75000)

Net Cash Provided by Financing Activities           $347,000

therefore,

The financing section of the statement of cash flows will report net cash inflows of $347,000.

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3 years ago
The accountant for Main Street Jewelry Repair Services, Inc. forgot to make an adjusting entry for Depreciation Expense for the
charle [14.2K]

Answer:

C) Total assets are overstated.

Explanation:

The journal Entry for the Depreciation is as follows:

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By missing this Journal entry the Accumulated depreciation account will be understated as we know that this is a contra asset account and this will net off the Long term assets. So, as a result the total asset will be overstated.

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3 years ago
Jane Cagle’s company wants to establish kanbans to feed a newly established work cell. The following data have been provided. Ho
SCORPION-xisa [38]

Answer:

22.5

Explanation:

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4 0
3 years ago
Why has the provider of choice shifted from rail to motor modes? With the shift to motor freight carriers, the amount of traffic
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Answer:

Why has the provider of choice shifted from rail to motor modes?

When companies change their modus operandi, it is usually to minimize cost and maximize profit. This provider of choice therefore has probably determined that motor modes were more cost effective for the services it offers vs using trains and rail modes for transport and has now made the appropriate switch.

With the shift to motor freight carriers, the amount of traffic accidents have sky rocketed.

With the provider of choice now using motor modes as opposed to rail, there is bound to be more vehicles on the road now from motor bikes all the way to trucks and with an increase in the number of vehicles available, there is bound to be an increase in accidents involving vehicles.

6 0
2 years ago
One way to think about free cash flow is that if the amount were withdrawn, it would harm the firm's ability to operate and to p
vfiekz [6]

The given statement "One way to think about free cash flow is that if the amount were withdrawn, it would harm the firm's ability to operate and to produce future cash flows" is FALSE.

Explanation:

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4 0
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