Splish Brothers Inc. engaged in the following cash transactions during 2017. Purchase of land $120,000 Purchase of treasury stock 43,000 Issuance of preferred stock 213,000 Sale of land and buildings 268,000 Payment of cash dividends 33,000 Purchase of equipment 68,000 Retirement of bonds 309,000 Splish Brothers reported net cash provided by operating activities of $590,000. Determine Splish Brothers's free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow 2$

Splish Brothers Inc. engaged in the following cash transactions during 2017. Purchase of land $120,000 Purchase of treasury stock 43,000 Issuance of preferred stock 213,000 Sale of land and buildings 268,000 Payment of cash dividends 33,000 Purchase of equipment 68,000 Retirement of bonds 309,000 Splish Brothers reported net cash provided by operating activities of $590,000. Determine Splish Brothers's free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Free cash flow 2$

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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In 2017, Leppard Inc. issued 1,000 shares of $10 par value common stock for land worth $40,000.(a) Prepare Leppard’s journal entry to record the transaction.(b) Indicate the effect the transaction has on cash.(c) Indicate how the transaction is reported on the statement of cash flows.
Wainwright Corporation had the following activities in 2017.1. Sale of land $180,000. 2. Purchase of inventory $845,000. 3. Purchase of treasury stock $72,000. 4. Purchase of equipment $415,000. 5. Issuance of common stock $320,000. 6. Purchase of available-for-sale debt securities $59,000. Compute the amount Wainwright should report as net cash provided (used) by investing activities in its 2017 statement of cash flows.
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