Lace Company provided the following information during PROBLEMS Problem 10-1 (AICPA Adapted) the current year: 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000 400,000 300,000 1,800,000 Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, January 1 1. What is the net cash provided by operating activities? a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000 2. What is the net cash provided by investing activities? a. 2,500,000 b. 2,000,000 c. 2,200,000 d. What is the net cash provided by financing activitie: a. 1,500,000 b. 1,000,000 500,000 c. d. What is the cash balance on December 31? a. 6,300,000 b. 5,500,000 C. 4,800,000 H. 7,300,000

Lace Company provided the following information during PROBLEMS Problem 10-1 (AICPA Adapted) the current year: 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000 400,000 300,000 1,800,000 Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, January 1 1. What is the net cash provided by operating activities? a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000 2. What is the net cash provided by investing activities? a. 2,500,000 b. 2,000,000 c. 2,200,000 d. What is the net cash provided by financing activitie: a. 1,500,000 b. 1,000,000 500,000 c. d. What is the cash balance on December 31? a. 6,300,000 b. 5,500,000 C. 4,800,000 H. 7,300,000

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

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 17E

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ancial statements of Calloway. Co nly please Requirea inrormauon (The following information applies to the questions displeyed below} The financiai statementsiof Calia and corresponding antounSI ASSets $850 Beginning Reteined Earian mpany prepated et the end of the cutrent year contained the foallowing elements $22 000 Liablities 2 Common Stock = $5,200, Revenue= $11.4O0 Dividends $3.850 Encing Retained Earmings $7200. Based on this informaion what kekinses repertea on Caloway's ircome statement tot the cuttent year? Mutple Cholce $14.400 $7.200 $3.350 s8.050 search
E15-16 Contributed Capital Adams Company's records provide the following information on December 31, 2019: in, assuming it uses the cost method. 10 15.8 Account Title Additional Paid-in Capital on Preferred Stock Amount Common Stock Premium on Bonds Payable Preferred Stock Bonds Payable Preferred Stock Subscribed Retained Earnings Additional Paid-in Capital on Common Stock $ 17,000 75,000 4,000 80,000 100,000 20,000 121,000 84,000 SHOW ME HOW Additional information: 1. Common stock has a $5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a $100 par value, 3,000 shares are authorized, 800 shares have been issued and are out- standing. Two hundred shares have been subscribed at $120 per share. The stock pays an 8% dividend, is cumulative, and is callable at $130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital…
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An entity provided the following information for the current year:Dividend received 500,000Dividend paid 1,000,000Cash received from customers 9,000,000Cash paid to suppliers and employees 6,000,000Interest received 200,000Interest paid on long-term debt 400,000Proceeds from issuing share capital 1,500,000Proceeds from sale of long-term investments 2,000,000Cash paid for equity investment at FVOCI 800,000Income taxes paid 300,000Proceeds from long-term debt 3,000,000 Write O if the cash flow is under Operating Activities, I if the cash flow is under Investing Activities, and F if the cash flow is under Financing Activities.1. What is the net cash provided by operating activities?2. What is the net cash provided by investing activities?3. What is the net cash provided by financing activities?
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E15-16 Contributed Capital Adams Company's records provide the following information on December 31, 2019: LO 15.8 Account Title Amount Additional Paid-in Capital on Preferred Stock Common Stock Premium on Bonds Payable Preferred Stock Bonds Payable Preferred Stock Subscribed $ 17,000 75,000 4,000 80,000 100,000 20,000 121,000 84,000 SHOW ME HOW Retained Earnings Additional Paid-in Capital on Common Stock Additional information: 1. Common stock has a $5 par value, 50,000 shares are authorized, 15,000 shares have been issued and are outstanding. 2. Preferred stock has a $100 par value, 3,000 shares are authorized, 800 shares have been issued and are out- standing. Two hundred shares have been subscribed at $120 per share. The stock pays an 8% dividend, is cumulative, and is callable at $130 per share. 3. Bonds payable mature on January 1, 2023. They carry a 12% annual interest rate, payable semiannually. Required: Prepare the Contributed Capital section of the December 31, 2019, balance…
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Problem 17-37 (AICPA Adapted) Lax Company provided the following information during the the mber 31 current year. 500,000 1,000,000 9,000,000 1,500,000 200,000 2,000,000 6,000,000- 400,000 300,000 1,800,000 000 000 Dividend received Dividend paid Cash received from customers Proceeds from issuing share capital Interest received Proceeds from sale of long term investments Cash paid to suppliers and employees Interest paid on long term debt Income taxes paid Cash balance, beginning 0 and ere on 1. What is the net cash provided by operating activities for the current year using direct method? were a. 3,000,000 b. 3,300,000 c. 2,700,000 d. 2,000,000 2. What is the net cash provided by investing activities? a. 2,500,000 b. 2,000,000 c. 2,200,000 d. 3. What is the net cash provided by financing activities? a. 1,500,000 b. 1,000;000 500,000 d. с. 0. 4. What is the cash balance at year-end? a. 4,800,000 b. 6,800,000 c. 5,500,000 d. 7,300,000
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