During 2020, Waterway Company sold a building with a book value of $157,500 for proceeds of $187,500. The company also sold long-term investments for proceeds of $44,500. The company purchased land and a new building for $332,500 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2020. Compute net cash flows from investing activities. Net cash flows from investing S eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

During 2020, Waterway Company sold a building with a book value of $157,500 for proceeds of $187,500. The company also sold long-term investments for proceeds of $44,500. The company purchased land and a new building for $332,500 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2020. Compute net cash flows from investing activities. Net cash flows from investing S eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 14GI: Dunn Company recognized a 5,000 unrealized holding gain on investment in Starbuckss long-term bonds...

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Determining Cash Flows from Investing Activities Burns Companys 2019 and 2018 balance sheets presented the following data for equipment: During 2019, equipment costing $41,000 with accumulated depreciation of $36,700 was sold for cash, producing a $3,200 gain. Required: 1. Calculate the amount of depreciation expense for 2019. 2. Calculate the amount of cash spent for equipment during 2019. 3. Calculate the amount that should be included as a cash inflow from the disposal of equipment.
Partially Completed Spreadsheet Hanks Company has prepared the following changes in account balances for the spreadsheet to support its 2019 statement of cash flows: Additional information: The net income was 1,300. Depreciation expense was 350, and patent amortization expense was 100. At the end of 2019, long-term investments were purchased at a cost of 1,550. Land that cost 700 was sold for 900. On December 31, 2019, bonds payable with a face value of 2,000 were issued for equipment valued at 2,300. Two hundred shares of common stock were issued at 7 per share. Forty shares of common stock were issued as a small stock dividend, the relevant market price being 5 per share. Cash dividends declared and paid totaled 600. Required: On the basis of the preceding information, complete the spreadsheet.
Determining Cash Flows from Financing Activities Solomon Construction Company reported the following amount on its balance sheet at the end of 2019 and 2018 for notes payable: Required: 1. If Solomon did not repay any notes payable during 2019, determine how much cash Solomon received from the issuance of notes payable. 2. If Solomon repaid $40,000 of notes payable during 2019, determine what amounts Solomon would report in the financing activities section of the statement of cash flows.
Dunn Company recognized a 5,000 unrealized holding gain on investment in Starbuckss long-term bonds during 2019. The company classified its investment as an available-for-sale security. How would this information be reported on a statement of cash flows prepared using the indirect method?
During 2022, Novak Corp. sold equipment with a book value of $182400 for proceeds of $220400. The company purchased new equipment for $486400 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. The investing section of the statement of cash flows will report net cash inflows of $38000. net cash outflows of $448400. net cash inflows of $220400. net cash outflows of $266000.
Bloom Corporation engaged in the following cash transactions during 2020. Sale of land and building $183,720 Purchase of treasury stock 49,600 Purchase of land 47,000 Payment of cash dividend 88,900 Purchase of equipment 62,500 Issuance of common stock 147,300 Retirement of bonds 105,700 Compute the net cash used (provided) by financing activities.
Bramble Corporation engaged in the following cash transactions during 2020. Sale of land and building $198,200 Purchase of treasury stock 43,100 Purchase of land 44,800 Payment of cash dividend 86,200 Purchase of equipment 53,800 Issuance of common stock 155,600 Retirement of bonds 108,100 Compute the net cash provided (used) by investing activities.
During 2022, Oriole Company sold a building with a book value of $153,000 for proceeds of $183,000. The company also sold long- term investments for proceeds of $40,000. The company purchased land and a new building for $328,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. Compute net cash flows from investing activities. Net cash flows from investing $
Current Attempt in Progress During 2022, Kingbird, Inc. sold equipment with a book value of $163200 for proceeds of $197200. The company purchased new equipment for $435200 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. The investing section of the statement of cash flows will report net cash outflows of $238000. net cash outflows of $401200. net cash inflows of $197200. net cash inflows of $34000.
Shepherd Nonprofit had the following information related to its investment balances during the fiscal year ended June 30, 2021. Beginning investments $1,200,000 en Ending investments $1,460,000 Purchases of investments $500,000 Proceeds from sale of investments $220,000 Realized loss on sale of investments $30,000 Report the section(s) in the statement of cash flows (using the indirect method) where investment transactions would appear, including the direction and amount associated with each.
Inserting into the Answer Box, prepare a statement of cash flows for the year ended December 31, 2019, using the Indirect method for Presidio, Co. Extracts from the 2019 financial records of the Presidio, Co.: Additional information: During 2019, the company sold a piece of plant equipment for cash that had originally cost $20,000. The accumulated depreciation associated with the equipment at the time of sale was $10,000. There was no gain or loss on the sale. A Long-Term Stock Investment with an original cost of $11,000 was sold. All dividends were paid in cash during the year. Copy and Paste the Statement template below INTO your Answer Box in order to complete this question in the correct format. Cash flows from operating activities: Cash flows from investing activities: Cash flows from financing activities: Net increase/<decrease> in cash & cash equivalents Beginning cash balance, January 1, 2019…
During 2022, Tamarisk, Inc. sold equipment with a book value of $139200 for proceeds of $168200. The company purchased new equipment for $371200 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. The investing section of the statement of cash flows will report