Pages

Friday, 9 August 2013

Spanner Company recorded the following events last year: Issuance of shares of the company’s own common stock $164,000 Purchase of bonds issued by other companies $82,000 Dividends paid to the company’s own shareholders $35,000 Dividends received from investments in other companies’ shares $8,900 Repayment of principal on the company’s own bonds $150,000 Interest paid on the company’s own bonds $17,300 Collection of the principal amount of a loan made to another company $111,000 Purchase of equipment $357,000 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be: $(38,300) $(21,000) $90,900 $925,200 Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: $(328,000) $925,200 $(439,000) $550,000

Spanner Company recorded the following events last year:

 Issuance of shares of the company’s own common stock  
$164,000 
 Purchase of bonds issued by other companies  
$82,000 
 Dividends paid to the company’s own shareholders  
$35,000 
 Dividends received from investments in other companies’ shares  
$8,900 
 Repayment of principal on the company’s own bonds  
$150,000 
 Interest paid on the company’s own bonds  
$17,300 
 Collection of the principal amount of a loan made to another company  
$111,000 
 Purchase of equipment  
$357,000 

On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.

Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:

$(38,300)
$(21,000)
$90,900
$925,200

Answer
$(21,000)
Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:

$(328,000)
$925,200
$(439,000)
$550,000
Answer
$(328,000)

No comments:

Post a Comment