Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Question 39 4 pts Below is information regarding Koshiro Kamping for 2019, Cash paid for interest. $16,000 Cash paid for dividends. $10,800 Cash purchase of

image text in transcribed
Question 39 4 pts Below is information regarding Koshiro Kamping for 2019, Cash paid for interest. $16,000 Cash paid for dividends. $10,800 Cash purchase of treasury stock, 57,000 Cash paid for equipment purchase, $10,000 Cash received from issuance of common stock. $33,000 Cash received from sale of a building for $120,000. The building was bought 6 years ago for $300,000 and has a netbook value of $100,000 How much was Koshiro's net cash flow from financing activities? How much was Koshiro's net cash flow from investing activities? If you have a net cash outflow. put a sign in front of your number. If you have a net cash inflow,puta in front of your number. Do not include any dollar signs. For example, +1,000 if you have a net cash inflow and -1.000 if you have a net cash outflow. If no impact then just write 'o'. Question 40 4 pts On March 1, 2020 Skyfall inc. decided to retire its callable bonds early. The face value of the bonds was $150,000. On March 1st the bonds had an unamortized premium of $2.210. The callable bond rate is 102% above face value. If net income decreases include a-sign in front of your number. If net income increases put a + in front of your number. Do not include any dollar signs. For example, +1,000 if the impact is an increase and -1,000 if the impact is a decrease. If no impact then just write '0. Round to the nearest whole number. What is the impact to net income from this early retirement journal entry? What is the impact to liabilities from this early retirement journal entry

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction to Managerial Accounting

Authors: Peter C. Brewer, Ray H. Garrison, Eric Noreen, Suresh Kalagnanam, Ganesh Vaidyanathan

5th Canadian edition

77429494, 1259105709, 1260480798, 978-1259105708

Students also viewed these Accounting questions

Question

Where do you see yourself in 5/10 years?

Answered: 1 week ago