Sheridan's Organic Produce Market had the following transactions during 2022: 1. Issued $47000 of common stock at par for cash. 2. Repaid a 6 year note payable in the amount of $21400. 3. Acquired land by issuing common stock at par for $95000. 4. Declared and paid a cash dividend of $2000. 5. Sold a long-term investment (cost $3400) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided (used) by investing activities? $8000 $31000 $15300 ($7300)

Sheridan's Organic Produce Market had the following transactions during 2022: 1. Issued $47000 of common stock at par for cash. 2. Repaid a 6 year note payable in the amount of $21400. 3. Acquired land by issuing common stock at par for $95000. 4. Declared and paid a cash dividend of $2000. 5. Sold a long-term investment (cost $3400) for cash of $8000. 6. Acquired an investment in IBM stock for cash of $15300. What is the net cash provided (used) by investing activities? $8000 $31000 $15300 ($7300)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 63P: Mike Sanders is considering the purchase of Kepler Company, a firm specializing in the manufacture...

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Nash's Trading Post, LLC had the following transactions during 2022:1. Issued $185000 of par value common stock for cash.2. Recorded and paid wages expense of $88800.3. Acquired land by issuing common stock of par value $74000.4. Declared and paid a cash dividend of $14800.5. Sold a long-term investment (cost $4440) for cash of $4440.6. Recorded cash sales of $592000.7. Bought inventory for cash of $236800.8. Acquired an investment in Zynga stock for cash of $31080.9. Converted bonds payable to common stock in the amount of $740000.10. Repaid a 6-year note payable in the amount of $325600.What is the net cash provided by operating activities? $451400. $266400. $355200. $429200.
Whispering Winds Corp. had the following transactions during 2022:1. Issued $235000 of par value common stock for cash.2. Recorded and paid wages expense of $112800.3. Acquired land by issuing common stock of par value $94000.4. Declared and paid a cash dividend of $18800.5. Sold a long-term investment (cost $5640) for cash of $5640.6. Recorded cash sales of $752000.7. Bought inventory for cash of $300800.8. Acquired an investment in Zynga stock for cash of $39480.9. Converted bonds payable to common stock in the amount of $940000.10. Repaid a 6-year note payable in the amount of $413600.What is the net cash provided by financing activities? $216200. $(197400). $742600. $1137400.
Windsor, Inc. had the following transactions during 2022:1. Issued $215000 of par value common stock for cash.2. Recorded and paid wages expense of $103200.3. Acquired land by issuing common stock of par value $86000.4. Declared and paid a cash dividend of $17200.5. Sold a long-term investment (cost $5160) for cash of $5160.6. Recorded cash sales of $688000.7. Bought inventory for cash of $275200.8. Acquired an investment in Zynga stock for cash of $36120.9. Converted bonds payable to common stock in the amount of $860000.10. Repaid a 6-year note payable in the amount of $378400.What is the net cash provided by operating activities? $524600. $498800. $412800. $309600.
Whispering Winds Corp.had the following transactions during 2022:1. Issued $182500 of par value common stock for cash.2. Recorded and paid wages expense of $87600.3. Acquired land by issuing common stock of par value $73000.4. Declared and paid a cash dividend of $14600.5. Sold a long-term investment (cost $4380) for cash of $4380.6. Recorded cash sales of $584000.7. Bought inventory for cash of $233600.8. Acquired an investment in Zynga stock for cash of $30660.9. Converted bonds payable to common stock in the amount of $730000.10. Repaid a 6-year note payable in the amount of $321200.What is the net cash provided by investing activities?
XYZ Inc. had the following transactions during 2025: 1. Issued $250000 of par value common stock for cash. 2. Recorded and paid salaries and wages expense of $128500. 3. Acquired land by issuing common stock valued at $100000. 4. Declared and paid a cash dividend of $21600. 5. Sold a land (cost $6000) for cash of $6000. 6. Recorded cash sales of $820000. 7. Bought inventory for cash of $268000. 8. Acquired equipment for cash of $43100. 9. Converted bonds payable to common stock in the amount of $1000000. 10. Repaid a 6-year note payable in the amount of $427000. What is the net cash provided (used) by financing activities? O $228400 O $777000 O $(198600) O $(1198600)
Bramble Corp. had the following transactions during 2025: 1. Issued $270000 of par value common stock for cash. 2. Recorded and paid salaries and wages expense of $113500. 3. Acquired land by issuing common stock valued at $100000. 4. Declared and paid a cash dividend of $15500. 5. Sold land(cost $6000) for cash of $6000. 6. Recorded cash sales of $810000. 7. Bought inventory for cash of $331000. 8. Acquired equipment for cash of $46900. 9. Converted bonds payable to common stock in the amount of $1000000. 10. Repaid a 6-year note payable in the amount of $403000. What is the net cash provided (used) by investing activities? O $456100 O $859100. O ($140900). O ($40900).
Pina Colada Corp. had the following transactions during 2022:1. Issued $302500 of par value common stock for cash.2. Recorded and paid wages expense of $145200.3. Acquired land by issuing common stock of par value $121000.4. Declared and paid a cash dividend of $24200.5. Sold a long-term investment (cost $7260) for cash of $7260.6. Recorded cash sales of $968000.7. Bought inventory for cash of $387200.8. Acquired an investment in Zynga stock for cash of $50820.9. Converted bonds payable to common stock in the amount of $1210000.10. Repaid a 6-year note payable in the amount of $532400.What is the net cash provided by financing activities? $1464100. $(254100). $278300. $955900.
Coronary, Inc. had the following transactions during 2020: Purchased new fixed assets for $35,000 Converted $20,000 worth of preferred shares to common shares Received cash dividends of $11,000. Paid cash dividends of $20,000. • Repaid mortgage principal of $17,000 . . . Assuming Coronary follows U.S. GAAP, which of the following amounts represents Coronary's cash flows from investing and cash flows from financing in 2020? Investing: ($35,000); Financing: ($37,000) Investing: ($24,000); Financing: ($26,000) Investing: ($35,000): Financing: ($26,000)
Marigold Corp.had the following transactions during 2022:1. Issued $257500 of par value common stock for cash.2. Recorded and paid wages expense of $123600.3. Acquired land by issuing common stock of par value $103000.4. Declared and paid a cash dividend of $20600.5. Sold a long-term investment (cost $6180) for cash of $6180.6. Recorded cash sales of $824000.7. Bought inventory for cash of $329600.8. Acquired an investment in Zynga stock for cash of $43260.9. Converted bonds payable to common stock in the amount of $1030000.10. Repaid a 6-year note payable in the amount of $453200.What is the net cash provided by investing activities? $436720 ($140080). $889920. ($37080).
In 2018, Jubilee Company repurchased its own stock at a cost of $55,000. During theyear, the company purchased land with cash for $120,000 and issued bonds payable for$500,000. Net cash provided by financing activities for the year would have beena. $675,000.b. $325,000.c. $445,000.d. $555,000.
Kiley corporation had these transactions during 2022. Indicate whether each transactions is an operating activity, investing activity, financing activity, or noncash investing and financing activity (a) purchased a machine for $30000, giving a long term note in exchange (b) issued $50,par value common stock for cash(c) issued $200000 par value common stock upon conversion of bonds having face value of $20000 (d) declared and paid a cash dividend of $13000 (e) sold a long term with a cost of $15000 for $15000 cash (f) collected $16000 from sale of good (g) paid $18000 to suppliers
Oriole Company purchased treasury stock with a cost of $68200 during 2022. During the year, the company paid dividends of $24800 and issued bonds payable for proceeds of $1086200. Cash flows from financing activities for 2022 total $93000 net cash outflow. $993200 net cash inflow. $1129600 net cash inflow. $1061400 net cash inflow.