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inn [45]
3 years ago
9

Red Co. had the following transactions through December 31: Cash proceeds from the sale of investment in Gold Co. stock $ 15,000

Dividends received on investment in Blue Co. stock $ 10,000 Repaid principal on a loan to the bank $ 35,000 Acquired investment in Yellow Co. stock $ 75,000 Proceeds from the disposal of factory equipment $ 12,000 What amount should Red report as net cash used by investing activities in its statement of cash flows for the period ended December 31
Business
1 answer:
boyakko [2]3 years ago
8 0

Answer:

Red Co.

The amount that Red Co should report as net cash used by investing activities in its statement of cash flows for the period ended December 31 is:

= $38,000.

Explanation:

a) Data and Calculations:

Investing activities section of the Statement of Cash Flows:

Sales of investment in Gold Co stock       $15,000

Dividends received on Blue Co. stock        10,000

Purchase of investment in Yellow Co       (75,000)

Proceeds from the disposal of equipment 12,000

Net cash used by investing activities      $38,000

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5 0
3 years ago
BSW Corporation has a bond issue outstanding with an annual coupon rate of 7 percent paid quarterly and four years remaining unt
Furkat [3]

Answer:

$788.35

Explanation:

In this question, we use the present value formula which is shown in the spreadsheet.  

The NPER represents the time period.

Given that,  

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The formula is shown below:

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4 0
3 years ago
Beer Corporation had net income of $216,000, and paid dividends to common stockholders of $43,000 in 2017. The weighted average
Zepler [3.9K]

Answer:

21 times

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6 0
3 years ago
Difference between luna and sol?​
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Hope this helps!!!!!!!
5 0
3 years ago
) suppose that currency in circulation is $600 billion, the amount of checkable deposits is $900 billion, and excess reserves ar
Inessa05 [86]
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4 0
3 years ago
Read 2 more answers
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