Question
The Bellarude Company reported the following items during the year ended 1 2 / 3 1 / 1 3 . Calculate Bellarude's income provided /
The Bellarude Company reported the following items during the year ended
Calculate Bellarude's income providedused by Operating activities that will be included in the cash flow
statement.
Horatio Company reported the following activities during :
Acquired shares of stock in Kontice Corp. for $ Horatio intends to hold the stock as long.
term investments
Sold an investment in Perry Company for $ The investment had a carrying value of $
Deposited $ in a year Certificate of Deposit with Northern Bank. During the year, interest of
$ was paid on the
Collected dividends of $ from other investments
Required: Calculate the amount of cash from Investing Activities on Horatio's statement of Cash Flows In a hurricane completely destroyed a building belonging to Amalgamation Corp. The building
cost $ and had accumulated depreciation of $ at the time of the loss. Amalgamation
received a cash settlement from the insurance company. The company also reported an extraordinary
loss of $ Calculate the amount of the net change in investing activities in the cash flow
statement as a result of these events.
Item Amt Net Income Depreciation Expense Dividends Paid $324,000 $64,000 $75,000 Patent amortization $36,000 Amortization of Bond Premium $12,000 Cash received from Signing a Long Term Note on January 1st $300,000 Decrease in Investment due to net loss (from 40% investment in Belica Company accounted for using Equity Method) $42,000
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