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How to get purchase plant asset and sale of investment in investing activities? a bargain purchase option prices a bargain purchase option has no impact
How to get purchase plant asset and sale of investment in investing activities?
a bargain purchase option prices a bargain purchase option has no impact as the option the lease term a bargain purchase option increase payments by the amount of the option ter a bargain purchase option increases the present value of the lease payme guaranteed residual value. Question 4 (15 points) Given the following information for the Flint Company cal operating, investing, and financing cash flows: Flint Company Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Difference Cash $ 1,770 $ 1,160 $ 610 Accounts Receivable 1,740 1,280 460 Inventory 1,620 1,880 (260) Plant Assets 1,930 1,670 260 Accumulated Depreciation (1,250) (1,190) (60) Long-term Investments 1,290 1,420 (130) $ 7,100 $ 6,220 $ 880 Accounts Payable Accrued Liabilties Bonds Payable $ 1,220 $ 190 1,370 920 $ 240 1,570 300 (50) (200) Common Stock Retained Earnings 1,930 1,730 2,390 1,760 $ 7,100 $ 6,220 $ 200 630 880 Flint Company Income Statement December 31, 2020 Sales revenue Cost of goods sold Gross margin Selling and administrative Income from operations Other revenues and gains Gain on sale of invenstments 2020 $ 6,860 4,600 2,260 930 1,330 80 1,410 520 890 Income before tax Income tax expense Net Income $ Additional information: During the year, $70 of common stock was issued i assets. No plant assets were sold in 2020. Calculate: 1. Operating Cash Flows 2. Investing Cash Flows 3. Financing Cash Flows n in your answers: 005 DET DO Operating Cash Flow 920 FDE 08 190 Purchase Plant Assets * Sale of Investments Investing Cash Flows How 1. How 210 20 Excludes $70 exchanged for C.S. OSOS Dag 2 coa DES -200 Bonds Payable Common Stock* Dividends Financing Cash Flows DE 130 -260 HOW -330 Excludes $70 exchanged for Equipment D Question 5 (4 points) Step by Step Solution
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