Question
During 2018, Orton Company earned net income of $494,000 which included depreciation expense of $78,000. In addition, the company experienced the following changes in the
During 2018, Orton Company earned net income of $494,000 which included depreciation expense of $78,000. In addition, the company experienced the following changes in the account balances listed below:
Increases Decreases
Accounts payable $45,000 Accounts receivable $12,000
Inventory 36,000 Accrued liabilities 24,000
Prepaid insurance 33,000
15. Based upon this information what amount will be shown for net cash provided by operating activities for 2018?
In preparing Titan Inc.'s statement of cash flows for the year ended December 31, 2018,
the following amounts were available:
Collect note receivable $615,000
Issue bonds payable 639,000
Purchase treasury stock 300,000
16. What amount should be reported on Titan, Inc.'s statement of cash flows for investing activities?
In preparing Titan Inc.'s statement of cash flows for the year ended December 31, 2018, the following amounts were available:
Collect note receivable $615,000
Issue bonds payable 639,000
Purchase treasury stock 300,000
17. What amount should be reported on Titan, Inc's statement of cash flows for financing activities?
Jarvis, Inc. reported net income of $59,000 for the year ended December 31, 2018 Included in net income were depreciation expense of $8,400 and a gain on sale of equipment of $1,700. Each of the following accounts increased during 2018:
Accounts receivable $2,200
Inventory $4,500
Prepaid rent $6,800
Available-for-sale securities $1,000 (These are Investments)
Accounts payable $5,000
18. What is the amount of cash provided by operating activities for Jarvis, Inc. for the year ended December 31, 2018?
During 2018, Greta Company earned net income of $262,000 which included depreciation expense of $39,000. In addition, the company experienced the following changes in the account balances listed below:
Decreases Increases
Accounts receivable $ 6,000 Accounts payable...... $22,500
Prepaid expenses 16,500 Inventory................ ..18,000
Accrued liabilities 12,000
19. Based upon this information what amount will be shown for net cash provided by operating activities for 2018?
Fleming Company provided the following information on selected transactions during 2018:
Dividends paid to preferred stockholders $ 500,000
Loans made to affiliated corporations 1,400,000
Proceeds from issuing bonds 1,600,000
Proceeds from issuing preferred stock 2,100,000
Proceeds from sale of equipment 800,000
Purchases of inventories 2,400,000
Purchase of land by issuing bonds 600,000
Purchases of treasury stock 1,200,000
20. The net cash provided (used) by investing activities during 2018 is
21. The net cash provided (used) by financing activities during 2018 is
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