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when the market rate of interest was 7%, Sparrow Inc. issued S 1,000,000, 9%, 0-year bonds that pay interest annually 9, a. The bond would
when the market rate of interest was 7%, Sparrow Inc. issued S 1,000,000, 9%, 0-year bonds that pay interest annually 9, a. The bond would sell at a premium or discount? b. Calculate the selling price of this bond issue. 10. The net income reported on the income statement for the current year was $450,000. Depreciation recorded on fixed assets for the year was $80,000. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: Cash Accounts receivable Inventories Supplies Accounts payable End $40,000 85,000 120,000 2,000 50,000 $65,000 95,000 100,000 3,000 75,000 What is the amount of cash flows from operating activities reported on the statement of cash flows prepared by the indirect method? a. 11. The current period statement of cash flows includes the flowing: Cash balance at the beginning of the period Cash provided by operating activities Cash provided in investing activities Cash used in financing activities $250,000 160,000 34,000 60,000 a. The cash balance at the end of the period is 12. The current period statement of cash flows includes the flowing: Cash balance at the beginning of the period Cash used for operating activities Cash used in investing activities Cash provided in financing activities S300,000 95,000 70,000 250,000 a. The cash balance at the end of the period is
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