Question
Information relating to 2021 activities: Net income for 2021 was $1500000. Cash dividends of $599000 were declared and paid in 2021. Equipment costing $980000 and
Information relating to 2021 activities: Net income for 2021 was $1500000. Cash dividends of $599000 were declared and paid in 2021. Equipment costing $980000 and having a carrying amount of $320000 was sold in 2021 for $360000. A long-term investment was sold in 2021 for $320000. There were no other transactions affecting long-term investments in 2021. 21800 shares of common stock were issued in 2021 for $25 a share. Short-term investments consist of treasury bills maturing on 6/30/22. Net cash provided by Brambles 2021 financing activities was
A. $568000.
B. $1127000.
C. $1726000.
D. $528000.
Bramble Corp's balance sheet accounts as of December 31, 2021 and 2020 and information relating to 2018 activities are presented below. December 31, 2021 2020 Assets Cash $ 441000 $ 201000 Short-term investments 598000 Accounts receivable (net) 1010000 1010000 Inventory 1400000 1210000 398000 598000 Long-term investments Plant assets 3410000 2020000 Accumulated depreciation (899000) (899000) Patent 181000 199000 Total assets $6539000 $4339000 Liabilities and Stockholders' Equity $1660000 $1460000 Accounts payable and accrued liabilities Notes payable (nontrade) 582000 Common stock, $10 par 1598000 1380000 Additional paid-in capital 800000 501000 Retained earnings 1899000 998000 $6539000 $4339000 Total liabilities and stockholders' equityStep by Step Solution
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