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The following financial statements and information are available for Blythe Industries, Incorporated. Additional Information Sold land that cost $ 4 5 , 0 0 0
The following financial statements and
information are available for Blythe Industries, Incorporated.
Additional Information
Sold land that cost $ for $
Sold equipment that cost $ and had accumulated depreciation of $ for $
Purchased new equipment for $
Sold marketable securities that were classified as availableforsale and that cost $ for $
Purchased new marketable securities classified as availableforsale, for $
Paid $ on the principal of the longterm note.
Paid off a $ bond issue and issued new bonds for $
Sold shares of treasury stock at its cost.
Issued some new common stock.
Issued some new $ par preferred stock.
Paid dividends. Note: The only transactions to affect retained earnings were net
Prepare a statement of cash flows using the direct method. Cash outflows should be indicated with a minus sign.income and dividends.
a What is the cost per share of the treasury stock sold?
b What was the price per share of the newly issued preferred stock? Round final answer to the nearest whole number.
c What was the book value of the equipment sold?
The only options for all the drop down answers are:
Taxes
Sales
salary
repayment of loan
repayment of bonds
proceeds from sale of treasury stock
proceeds from sale of marketable security
proceeds from sale of land
proceeds from sale of equipment
proceeds from preferred stock issue
proceeds from loan
proceeds from common stock issues
proceed from bond issue
payment of dividends
paid to purchase treasury stock
paid to purchase marketable securities
paid to purchase equipment
operating expense
inventory purchased
interest
disbursed for notes receivable
Net income
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