{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T08:23:10-04:00", "answer_date": "2024-06-28 08:23:10", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4273484", "url": "\/study-help\/questions\/help-me-pleasehelp-me-pleasehelp-me-pleasehelp-me-pleasehelp-me-4273484", "question_creation_date_js": "2024-06-28T08:23:10-04:00", "question_creation_date": "Jun 28, 2024 08:23 AM", "meta_title": "[Solved] help me pleasehelp me pleasehelp me pleas | SolutionInn", "meta_description": "Answer of - help me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me please Brief Exercise 12-3 | SolutionInn", "meta_keywords": "help,pleasehelp,exercise,12-3,-account,summary,cash,account,kemper,company,balance,jan", "question_title_h1": "help me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me please Brief Exercise 12-3 The following T-account is a summary of", "question_title": "help me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me", "question_title_for_js_snippet": "help me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me please Brief Exercise 12 3 The following T account is a summary of the cash account of Kemper Company Balance, Jan 1 6,420 Remipts fmm 367,910 Payments for goods 204,910 customers Dividends on stock 5,290 Payments for 138,170 Investments operating expenses 7 mm sa'e f 37,770 Interest paid 10,680 eqmpment Proceeds from Taxes paid 7,880 Issuance of bonds payable 290,260 Dividends paid 76,740 Balance, Dec 31 269,270 What amount of net cash provided (used) by nancing activities should be reported in the statement of cash ows Net cash 2 by nancing activities $ Brief Exercise 12 8 The T accuunts for Equipment and the related Accumulated DepreciationEquip for Coldsmith Company at the end of 2014 are shown here Beg bai 215,280 Disposals 59,202 Acquisitions 111,946 End bal 268,024 Accum Dep Equ Dlsposals 13,724 Beg ha 119,750 Depr exp End bal 138,318 32,292 In addition, Coldsmith Company's income statement reported a loss on the disposal of plant assets of $9,419 What amount was reported on the statement of cash ows as cash ow from sale of equipment Cash ow from sale of equipment 5 Exercise 12 An analysls of comparatlve balance sheets, the current year's Income statement, and the general ledger accounts of Judd Corp uncovered the followlng Items Assume all Items Involve cash unless there Is lnformatlon to the contrary Indicate how each item should be classied in the statement of cash ows uslng these four major classications operating activity (indirect method), investing activity, nancing activity, and signicant nonoash investing and nancing activity (a) Payment of interest on notes payable 9 (b) Exchange of land for patent o (c) Sale of bulldlng at book value 0 (d) Payment of dlvldends 4 (e) Depreciation o (f) Conversion of bonds into common stock 0 (9) Receipt of interest on notes receivable 0 (h) Issuance of capltal stock 0 (I) Amortlzatlon of patent 4 (j) Issuance of bonds for land 0 (k) Purchase of land 0 (I) Receipt of dividends on investment in stock 0 (m) Loss on disposal of plant assets 0 (n) Retlrement of bonds 4 Exercise 12 4 Cosi Company reported net income of $220,440 for 2014 Cosi also reported depreciation expense of $40,360 and a loss of $5,090 on the disposal or plant assets The comparative balance sheet shows an increase in accounts receivable of $15,640 for the year, a $18,280 increase in accounts payable, and a $5,740 increase in prepaid expenses Prepare the operating activities section of the Statement of cash ows for 2014 Use the indirect method (Show amounts that decruasa cash ow with Either a Sign 9 9 15,000 or in parenthesis 4 (15,000) ) cos COMPANY Part I Smwment of Cash Flows For the Vear Ended December 31 , 2014 1 1 s Adjustments to reconcile net income to Exercise 12 10 Information for two companies in the same industry, Patton Corporation and Sager Corporation, is presented here Net cash provided by operating $ 79,320 $100,780 activities A mint 50,500 100,890 liabilities Everse mt 179,130 249,070 liabilities Net income 199,270 199,270 Capita' 40,430 69,440 expenditures Dividends paid 5,190 10,170 Using the cash based measures presented oompute the liquidity and solvency of the two companies (Round ratios to 2 decimal places, e g 2 56 ) quuidity Current cash debt coverage times times Solvency Cash debt coverage times times Free cash ow $ $ Click if you would like to Show Work for this question Open Show Work", "question_description": "

help me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me pleasehelp me please<\/p>

\"image\"image\"image\"image\"image<\/div><\/div><\/div> Brief Exercise 12-3 The following T-account is a summary of the cash account of Kemper Company. Balance, Jan. 1 6,420 Remipts fmm 367,910 Payments for goods 204,910 customers _Dividends on stock 5,290 Payments for 138,170 Investments operating expenses \\\"\\\"7\\\"\\\" mm sa'e f 37,770 Interest paid 10,680 eqmpment Proceeds from Taxes paid 7,880 Issuance of bonds payable 290,260 Dividends paid 76,740 Balance, Dec. 31 269,270 What amount of net cash provided (used) by nancing activities should be reported in the statement of cash ows? Net cash 2] by nancing activities $ Brief Exercise 12-8 The T-accuunts for Equipment and the related Accumulated DepreciationEquip. for Coldsmith Company at the end of 2014 are shown here. Beg. bai. 215,280 Disposals 59,202 Acquisitions 111,946 End. bal. 268,024 Accum. Dep Equ Dlsposals 13,724 Beg. ha]. 119,750 Depr. exp. End. bal. 138,318 32,292 In addition, Coldsmith Company's income statement reported a loss on the disposal of plant assets of $9,419. What amount was reported on the statement of cash ows as \\\"cash ow from sale of equipment\"? Cash ow from sale of equipment 5 Exercise 12-: An analysls of comparatlve balance sheets, the current year's Income statement, and the general ledger accounts of Judd Corp. uncovered the followlng Items. Assume all Items Involve cash unless there Is lnformatlon to the contrary. Indicate how each item should be classied in the statement of cash ows uslng these four major classications: operating activity (indirect method), investing activity, nancing activity, and signicant nonoash investing and nancing activity. (a) Payment of interest on notes payable. 9 (b) Exchange of land for patent. o (c) Sale of bulldlng at book value. 0 (d) Payment of dlvldends. 4 (e) Depreciation. o (f) Conversion of bonds into common stock. 0 (9) Receipt of interest on notes receivable. 0 (h) Issuance of capltal stock. 0 (I) Amortlzatlon of patent. 4 (j) Issuance of bonds for land. 0 (k) Purchase of land. 0 (I) Receipt of dividends on investment in stock. 0 (m) Loss on disposal of plant assets. 0 (n) Retlrement of bonds. 4 Exercise 12-4 Cosi Company reported net income of $220,440 for 2014. Cosi also reported depreciation expense of $40,360 and a loss of $5,090 on the disposal or plant assets. The comparative balance sheet shows an increase in accounts receivable of $15,640 for the year, a $18,280 increase in accounts payable, and a $5,740 increase in prepaid expenses. Prepare the operating activities section of the Statement of cash ows for 2014. Use the indirect method. (Show amounts that decruasa cash ow with Either a - Sign 9.9. -15,000 or in parenthesis :4. (15,000).) cos! COMPANY Part: I Smwment of Cash Flows For the Vear Ended December 31 , 2014 :1 [:1 s Adjustments to reconcile net income to Exercise 12-10 Information for two companies in the same industry, Patton Corporation and Sager Corporation, is presented here. Net cash provided by operating $ 79,320 $100,780 activities A\\\"??? \\\"mint 50,500 100,890 liabilities Everse mt\\\" 179,130 249,070 liabilities Net income 199,270 199,270 Capita' _ 40,430 69,440 expenditures Dividends paid 5,190 10,170 Using the cash-based measures presented oompute the liquidity and solvency of the two companies. (Round ratios to 2 decimal places, e.g. 2.56.) quuidity - Current cash debt coverage times times Solvency Cash debt coverage times times Free cash ow $ $ Click if you would like to Show Work for this question: Open Show Work", "transcribed_text": "", "related_book": { "title": "Data Analysis And Decision Making", "isbn": "538476125, 978-0538476126", "edition": "4th Edition", "authors": "Christian Albright, Wayne Winston, Christopher Zappe", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/415.jpg", "uri": "\/textbooks\/data-analysis-and-decision-making-4th-edition-415", "see_more_uri": "" }, "free_related_book": { "isbn": "B0CPV8GQQ7", "uri": "\/textbooks\/applied-strength-of-materials-for-engineering-technology-25th-ed-1st-edition-979-8871241059-297097", "name": "Applied Strength Of Materials For Engineering Technology 25th Ed", "edition": "1st Edition" }, "question_posted": "2024-06-28 08:23:10", "see_more_questions_link": "\/study-help\/questions\/business-human-resource-management-2020-May-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/aidinoff-purchased-land-in-1979-it-is-adjacent-to-sterling", "description": "Aidinoff purchased land in 1979. 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