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Hello, I need help understanding how to solve the following 6 questions. Thank you very much in advance for your time and kind help. 1)

Hello, I need help understanding how to solve the following 6 questions. Thank you very much in advance for your time and kind help.

1) Bagrov Corporation had a net decrease in cash of $16,000 for the current year. Net cash used in investing activities was $58,000 and net cash used in financing activities was $44,000. What amount of cash was provided (used) in operating activities?

$86,000 provided.

$(118,000) used.

$(86,000) used.

$118,000 provided.

$(16,000) used.

2) A machine with a cost of $178,000, current year depreciation expense of $29,000 and accumulated depreciation of $109,000 is sold for $59,200 cash. The amount(s) that should be reported in the operating section of the statement of cash flows is:

$29,000.

$5,920.

$88,200.

$13,800.

$38,800.

3) Analysis reveals that a company had a net increase in cash of $22,640 for the current year. Net cash provided by operating activities was $20,400; net cash used in investing activities was $11,200 and net cash provided by financing activities was $13,440. If the year-end cash balance is $27,600, the beginning cash balance was:

$4,960.

$17,680.

$50,240.

$45,280.

$44,280.

4) The following data has been collected about Keller Company's stockholders' equity accounts:

Common stock $10 par value 27,000 shares authorized and 13,500 shares issued, 1,700 shares outstanding

$135,000

Paid-in-capital in excess of par value, common stock

57,000

Retained earnings

32,000

Treasury stock

20,740

Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is:

32,000.

57,000.

10.

135,000.

11,800.

5) On September 1, Ziegler Corporation had 74,000 shares of $5 par value common stock, and $222,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is:

Debit Retained Earnings $1,110,000; credit Common Stock Split Distributable $1,110,000.

Debit Retained Earnings $1,110,000; credit Common Stock $1,110,000.

Debit Retained Earnings $370,000; credit Common Stock $370,000.

Debit Retained Earnings $370,000; credit Stock Split Payable $370,000.

No entry is made for this transaction.

6) Clabber Company has bonds outstanding with a par value of $109,000 and a carrying value of $102,700. If the company calls these bonds at a price of $99,500, the gain or loss on retirement is:

$9,500 loss.

$6,300 loss.

$3,200 loss.

$3,200 gain.

$6,300 gain

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