Question
In 2017, Chen Corporation purchased treasury stock with a cost of $46,000. During the year, the company declared and paid dividends of $14,000 and issued
In 2017, Chen Corporation purchased treasury stock with a cost of $46,000. During the year, the company declared and paid dividends of $14,000 and issued bonds payable for $900,000. Net cash provided by financing activities for 2017 is: A.)$840,000 B)$886,000 C.)$854,000 D,)$900,000 On January 1, 2017, plant assets, net are $190,000. On December 31, 2017, plant assets, net are $270,000. Depreciation expense for the year is $23,000. During the year, plant assets were acquired for $150,000 with cash. There is a Gain on sale of plant asset of $8,000. What is the book value of the plant asset sold during the year? A.)$70,000 B.)$47,000 C.)$39,000 D.)$0
Net cash provided by operating activities is $3.5 million. Planned capital expenditures are $3.3 million. Depreciation expense is $1.7 million per year. What is free cash flow? A.)$1,800,000 B.)$200,000 C.)$1,600,000 D.)($1,500,000)
Einstein Corporation reported a decrease in inventory of $12,000. The cost of goods sold for the year was $150,000. There was also a $4000 decrease in accounts payable from the beginning of the year to the end of the year. What is Einstein's cash payment to suppliers for inventory? A.)$166,00 B.)$134,000 C.)$142,000 D.)$158,000 PLEAS ANSWER ALL! Thank you.
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