In 2023, Quintin Corp. reported net income of $254,000. Other transactions included: Depreciation expense $50,000 Amortization of a bond premium 9,500 Income from an equity-method investment 36,000 Dividends received from equity-method investment 0 Purchase of treasury shares 125,000 Paid a dividend on preferred stock 60,000 What is the amount of net cash flows from operations? Group of answer choices $249,500 $258,500 $254,000 $158,500

In 2023, Quintin Corp. reported net income of $254,000. Other transactions included: Depreciation expense $50,000 Amortization of a bond premium 9,500 Income from an equity-method investment 36,000 Dividends received from equity-method investment 0 Purchase of treasury shares 125,000 Paid a dividend on preferred stock 60,000 What is the amount of net cash flows from operations? Group of answer choices $249,500 $258,500 $254,000 $158,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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9. Selected information on PQR Company for 2022 are shown as follows: P275,000 Increase in current assets other than cash Unrealized gain on FVOCI equity investments Net income 30,000 1,882,000 Depreciation and amortization 256,000 Treasury stock acquired for cash 100,000 Carrying value of long-term debt retired 600,000 591,000 Cash paid to settle long-term debt Cash dividends paid 175,000 Equipment acquired for cash 200,000 Increase in current liabilities 122,000 The net cash flow provided by/used from operating activities for the year ended December 31, 2022 is: (Indicate if provided or used)
Oriole Companyhad the following transactions during 2022:1. Issued $280000 of par value common stock for cash.2. Recorded and paid wages expense of $134400.3. Acquired land by issuing common stock of par value $112000.4. Declared and paid a cash dividend of $22400.5. Sold a long-term investment (cost $6720) for cash of $6720.6. Recorded cash sales of $896000.7. Bought inventory for cash of $358400.8. Acquired an investment in Zynga stock for cash of $47040.9. Converted bonds payable to common stock in the amount of $1120000.10. Repaid a 6-year note payable in the amount of $492800.What is the net cash provided by investing activities? $474880 ($40320). ($152320). $967680.
In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collected the following information: ($ in millions) Fair value of shares issued in a stock dividend $ 116.0 Payment for the early extinguishment oflong-term bonds (book value: $93.0 million) 98.0 Proceeds from the sale of treasury stock (cost: $29.0 million) 34.0 Gain on sale of land 3.8 Proceeds from sale of land 11.4 Purchase of Microsoft common stock 166.0 Declaration of cash dividends 63.0 Distribution of cash dividends declared in 2020 60.0 2. In Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2021?
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $424,100 in 2023 and $373,500 in 2022. Equity and Liabilities. Share capital-common (141,800 shares issued) Retained earnings (Note 1) Accrued liabilities. Notes payable (current) Accounts payable Total equity and liabilities Return on equity 2022 Book value per share Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023. Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,618,900 at December 31, 2021.) (Round your answers to 1 decimal place.) 2023 2022 2023 2022 $1,228,500 $1,228,500 274,500 6,600 56, 600 171,900 $1,797,000 $1,738,100 2023 429,500 8,500 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 69,700 60,800
XYZ Co. had the following activities in 2020 :Issuance of common stock 350000 Payment of dividends 164000 Issuance of bonds payable 50000 Sale of long Term Assets 24000 Bank loan repaid 125000 Purchase of equipment 53000 Purchase of available-for-sale securities 43000 Purchase of treasury stock 15000 Prepare the cash flows from Financing a. 96000 OMR b. None of the options c. 96000 OMR d. 10000OMR
At the end of the year 2020, the common equity was 490,000, and the dividends paid in the year 2021 was $11,000. What is the free cash flow to equity for the year 2021? Assets Cash and Cash Equivalents Short-term Investments Inventory Accounts Receivables Total Current Assets Fixed Assets Total Assets 128,000 -106,000 106,000 -128,000 2021 63,000 3,000 21,000 20,000 107,000 650,000 757,000 Liabilities. Current Liabilities Long-term Liabilities Total Liabilities Total Common Equity 2021 40,000 120,000 150,000 607,000
SW Company provides the Equity & Liability information below for analysis. SW Company had net and $335,800 in 2022. Equity and Liabilities Share capital-common (136,400 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023. Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,439,00 (Round your answers to 1 decimal place.) Return on equity 2022 23.3 % 2023 26.0 % Prox 5 2023 2022 $1,242,000 $1,242,000 417,700 300,000 9,100 6,100 76,600 66,700 63,300 182,500 $1,808,700 $1,797,300 ‒‒‒ - Next
Nash's Trading Post, LLC issued 14800 shares of $1 par common stock for $40 per share during 2022. The company paid dividends of $36000 and issued long-term notes payable of $326000 during the year. What amount of cash flows from financing activities will be reported on the statement of cash flows?
XYZ Co. had the following activities in 2020 :Issuance of common stock 98000 Payment of dividends 164000 Issuance of bonds payable 250000 Sale of long Term Assets 24000 Bank loan repaid 123000 Purchase of equipment 53000 Purchase of available-for-sale securities 43000 Purchase of treasury stock 15000 Prepare the cash flows from Financing Select one: a. 64000 OMR b. None of the options c. 61000 OMR d. 70000 OMR
SW Company provides the Equity & Liability Information below for analysis. SW Company had net income of $365,700 in 2023 and $352,900 in 2022. Equity and Liabilities Share capital-common (132,300 shares issued) Retained earnings (Note 1) Accrued liabilities Notes payable (current) Accounts payable Total equity and liabilities Return on equity Note 1: Cash dividends were paid at the rate of $1 per share in 2022 and $2 per share in 2023. Required: 1. Calculate the return on common share equity for 2022 and 2023. (Assume total equity was $1,364,100 at December 31, 2021.) (Round your answers to 1 decimal place.) 2022 Book value per share % 2022 2023 2023 2022 $1,282,500 $1,282,500 % 2023 382,200 10,000 72,000 60,800 $1,807,500 2. Calculate the book value per shares for 2022 and 2023. (Round your answers to 2 decimal places.) 308,500 6,000 66,100 177, 200 $1,840,300
ABC Co. had the following activities in 2020:Issuance of common stock 58000 Payment of dividends 64000 Issuance of bonds payable 25000 Sale of long Term Assets 105000 Bank loan repaid 23000 Purchase of equipment 53000 Purchase of available-for-sale securities 43000 Purchase of treasury stock 15000 Prepare the cash flows from investing a. 9000 OMR b. 8700OMR c. 7200 OMR d. None of the options
SW Company provides the Equity & Liability information below for analysis. SW Company had net income of $365,700 in 2023 and $335,800 in 2022 Equity and Liabilities share capital-connen (137, 700 shares issued) Retained earnings (ote 1) Accrued liabilities sotes payable (current) Accounts payable Total egrity and liabilities Return on equity Note 1 Cash dividends were paid at the rate of $1 per share in 2022 and 52 per shore in 2023 Required: 1. Calculate the return on common there equity for 2022 and 2023. (Assurne total equity was $1,454,000 at December 31, 2021) (Round your answers to 1 decimal piace) 2022 23.4 $1,417,500 $1,417,500 417,700 10,300 22,700 59,500 2023 225 111,300 6,500 65,500 179,000 $1,937,700 $1,979,200 2. Calculate the book value per shares for 2022 and 2023 (Round your answers to 2 decimal places) 2022 XX S1254 S 13.31

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bartleby, a Learneo, Inc. business

Depreciation expense	$50,000
Amortization of a bond premium	9,500
Income from an equity-method investment	36,000
Dividends received from equity-method investment	0
Purchase of treasury shares	125,000
Paid a dividend on preferred stock	60,000