Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

there are 4 questions here, the first two go together and so do the second two The following summary transactions occurred during the year for

there are 4 questions here, the first two go together and so do the second two
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
The following summary transactions occurred during the year for Marigold. Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ MARIGOLD COMPUTER } \\ \multicolumn{2}{|c|}{ Statement of Cash Flows (partial) } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31, 2024 } \\ \hline Cash flows from financing activities: & & \\ \hline & & \\ \hline & & \\ \hline Net cash flows from financing activities & & \\ \hline \end{tabular} Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $406,000 was sold for $506,000. b. Additional common stock was issued for $166,000. c. Dristell purchased its own common stock as treasury stock at a cost of $78,000. d. Land was acquired by issuing a 6%,10-year, $756,000 note payable to the sellet. e. A dividend of $46,000 was paid to shareholders. f. An investment in Fleet Corporation's common stock was made for $126,000. g. New equipment was purchased for $68,000. h. A $93,000 note payable issued three years ago was paid in full. i. A loan for $106,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. Required: Calculate net cash flows from investing activities, (Cash outflows should be indicated with a minus sign.) Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $401,000 was sold for $501,000. b. Additional common stock was issued for $161,000. c. Dristell purchased its own common stock as treasury stock at a cost of $75,500. d. Land was acquired by issuing a 6%,10-year, $751,000 note payable to the seller. e. A dividend of $41,000 was paid to shareholders. f. An investment in Fleet Corporation's common stock was made for $121,000. g. New equipment was purchased for $65,500. h. A $90,500 note payable issued three years ago was paid in full. i. A loan for $101,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. Required: Calculate net cash flows from financing activities. (Cash outflows should be indicated with a minus sign.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

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

Managerial Accounting

Authors: James Jiambalvo

4th edition

9780470546888, 9780470333341, 470546883, 470333340, 978-0470578797

More Books

Students also viewed these Accounting questions

Question

Calculate a utility estimate for a target organization

Answered: 1 week ago