Hi i posted these two questions prior and the people answering it are not filling out the spaces correctly. Can someone please view the past answers from the past posts if need be and help me. I had to put two together because my four chances questions are gone now because it was not answered okay. All answers need to fit the spaces.
926/2018 Print Assignment Assign 4(Ch 5-CF3) se for Ivanhoe Industries, identify whether the transaction financing activities, or whether Additional Problem 2 should be considered a cash flow from operating, investing, or the transaction is not a cash activity. The company follows AS (a) Paid salaries of $4,400. (b) Paid $700 for advertising services (c) Paid $11,900 for an insurance policy (d) Borrowed $25,600 cash from the bank. (e) Paid $10,800 interest. (r) Paid $35,200 cash to the bank to repay loan princpal (9) Pald ubilities of $4,200. (h) Loaned another company $5,000 in cash. (0) Collected interest of $1,400. 0) Collected $7,100 loan principal from barrower (k) Paid income taxes of $19,200. Additional Problem 12 Cullumber Ltd, which follows ASPE, had the following comparative statement of financial Cullumber Ltd Comparative Statement of Financial Position As at December 31 101,680 62,000 168,640 126,480 99,200 148,800 12,400 9,920 381,920 322,400 (86,800) (62,000) 99.200 124,000 $776,2401,500 Accounts receivable Inventories Prepaid insurance Patents Total assets Accounts payable Interest payable Wages payable Income taxes payable Long-term note payable Common shares Retained earnings $114,080 $99,200 9,920 14,880 19,840 9,920 19,840 24,800 148,800 171,120 322,400 322,400 Total liabilties and shareholders' equity $776.240 1.600 Net income for the fiscal year was $66,960 Equipment that cost $49,500 and was 70% depreciated was sold during 2018, for a gain of 2. $4,960. 926/2018 Print Assignment Assign 4(Ch 5-CF3) se for Ivanhoe Industries, identify whether the transaction financing activities, or whether Additional Problem 2 should be considered a cash flow from operating, investing, or the transaction is not a cash activity. The company follows AS (a) Paid salaries of $4,400. (b) Paid $700 for advertising services (c) Paid $11,900 for an insurance policy (d) Borrowed $25,600 cash from the bank. (e) Paid $10,800 interest. (r) Paid $35,200 cash to the bank to repay loan princpal (9) Pald ubilities of $4,200. (h) Loaned another company $5,000 in cash. (0) Collected interest of $1,400. 0) Collected $7,100 loan principal from barrower (k) Paid income taxes of $19,200. Additional Problem 12 Cullumber Ltd, which follows ASPE, had the following comparative statement of financial Cullumber Ltd Comparative Statement of Financial Position As at December 31 101,680 62,000 168,640 126,480 99,200 148,800 12,400 9,920 381,920 322,400 (86,800) (62,000) 99.200 124,000 $776,2401,500 Accounts receivable Inventories Prepaid insurance Patents Total assets Accounts payable Interest payable Wages payable Income taxes payable Long-term note payable Common shares Retained earnings $114,080 $99,200 9,920 14,880 19,840 9,920 19,840 24,800 148,800 171,120 322,400 322,400 Total liabilties and shareholders' equity $776.240 1.600 Net income for the fiscal year was $66,960 Equipment that cost $49,500 and was 70% depreciated was sold during 2018, for a gain of 2. $4,960
