Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

HELP?!? Hoola Hoops is preparing a Cash Flow Statement for the fiscal year ended September 30, 2020. Which of the following transactions affects actual cash

HELP?!? image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Hoola Hoops is preparing a Cash Flow Statement for the fiscal year ended September 30, 2020. Which of the following transactions affects actual cash flows? Multiple Choice Accrual of Interest receivable Issuance of a stock dividend O o oo Recognition of depreciation expense Payment of dividends declared in a previous year Rivers Walk sells boat rides that take you around the city of San Antonio. The books of Rivers Walk revealed the following information a. Purchased land, $120,000 b. Borrowed from a local bank, $200,000 c. Paid employee salaries, $100,000 d. Issued common stock, $150,000 e. Paid dividends, $40,000 f. Sold equipment, $80,000 g. Sold services to customers, $240,000 If Rivers Walk were to prepare a Cash Flow Statement, what would be reported for net financing cash flows in thestatement of cash flows? Multiple Choice $310,000 O O $140,000 ($40,000). O g. Sold services to customers, $240,000 If Rivers Walk were to prepare a Cash Flow Statement, what would be reported for net financing cash flows in thestatement of cash flows? Multiple Choice $310,000, $140,000, ($40,000). $80,000, Bravo Company prepared a Cash Flow Statement that included the following information. Cash from operating activities was $39,000, cash used for investing activities was ($59,000) and the net change in cash was $70,000. Based on this information what was cash from/used for financing activities? Multiple Choice ($129000) $39,000 $90,000 S70,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computer Auditing Security And Internal Control Manual

Authors: Javier F. Kuong

1st Edition

0131629670, 978-0131629677

More Books

Students also viewed these Accounting questions

Question

Discuss the importance of workforce planning.

Answered: 1 week ago

Question

Differentiate between a mission statement and a vision statement.

Answered: 1 week ago