Question
Cash Flows from Financing Activities Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided the following information: Hayashi, Inc. Comparative Balance Sheets At
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Cash Flows from Financing Activities
Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided the following information:
Hayashi, Inc. Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Bonds payable $ 255,000 Mortgage payable 50,000 Common stock 187,500 187,500 Paid-in capital in excess of par 140,000 140,000 Retained earnings 912,500 1,162,500
Required:
Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow. $
Cash Flows from Financing Activities
Hayashi, Inc. earned net income of $450,000 in 20X2. Hayashi provided the following information:
| Hayashi, Inc. Comparative Balance Sheets At December 31, 20X1 and 20X2 | ||
| 20X1 | 20X2 | |
| Bonds payable | $ | 255,000 |
| Mortgage payable | 50,000 | |
| Common stock | 187,500 | 187,500 |
| Paid-in capital in excess of par | 140,000 | 140,000 |
| Retained earnings | 912,500 | 1,162,500 |
Required:
Compute the financing cash flows for the current year. Use a minus sign to indicate a cash outflow. $
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Im Just A Girl Who Loves Auditing And Coffee
Authors: Michael Happiness
1st Edition
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