Question
1 ) The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $26,000 Sale of long-term investment $11,000 Dividends received on
1 ) The following events occurred last year at Dorder Corporation:
Purchase of plant and equipment $26,000 Sale of long-term investment $11,000 Dividends received on long-term investments $7,000 Paid off bonds payable $14,500 Depreciation expense $13,000
Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to:
$(15,000) $(13,000) $(14,500) $(35,500) 2) Last year Burch Corporation's cash account decreased by $33,000. Net cash provided by investing activities was $8,800. Net cash used in financing activities was $29,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was:
$(12,300) $(33,000) $20,700 $(53,700) 3) McCorey Corporation recorded the following events last year:
Repurchase by the company of its own common stock $27,000 Sale of long-term investment $46,000 Interest paid to lenders $8,500 Dividends paid to the company's shareholders $56,000 Collection by McCorey of a loan made to another company $32,000 Payment of taxes to governmental bodies $18,500
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) investing activities on the statement of cash flows would be:
$22,000 $(13,500) $78,000 $(15,500)
The following events occurred last year at Dorder Corporation: |
Purchase of plant and equipment | $26,000 |
Sale of long-term investment | $11,000 |
Dividends received on long-term investments | $7,000 |
Paid off bonds payable | $14,500 |
Depreciation expense | $13,000 |
Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to: |
Last year Burch Corporation's cash account decreased by $33,000. Net cash provided by investing activities was $8,800. Net cash used in financing activities was $29,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was: |
McCorey Corporation recorded the following events last year: |
Repurchase by the company of its own common stock | $27,000 |
Sale of long-term investment | $46,000 |
Interest paid to lenders | $8,500 |
Dividends paid to the company's shareholders | $56,000 |
Collection by McCorey of a loan made to another company | $32,000 |
Payment of taxes to governmental bodies | $18,500 |
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) investing activities on the statement of cash flows would be: |
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