21-7 Tifton & Co. had the following cash transactions duringthe current year: Proceeds from issuance of common stock $400,000Payment of dividends 100,000 Payment for purchase of land 75,000Proceeds from issuance of bonds payable 300,000 Payment forpurchase of treasury stock 80,000 Proceeds from sale of equipment100,000 Payment for purchase of building 500,000 Prepare thefinancing activities section of Tifton & Co.'s statement ofcash flows. Use the minus sign to indicate cash outflows, adecrease in cash or cash payments. TIFTON & CO.
Statement of Cash Flows Current Year Financing Activities:
Proceeds from issuance of common stock $ 400,000
Payment of dividends $?
Proceeds from issuance of bonds payable $?
Payment for purchase of treasury stock $ ?
Net cash provided by financing activities $?
21-7 Tifton & Co. had the following cash transactions duringthe current year: Proceeds from issuance of common stock $400,000Payment of dividends 100,000 Payment for purchase of land 75,000Proceeds from issuance of bonds payable 300,000 Payment forpurchase of treasury stock 80,000 Proceeds from sale of equipment100,000 Payment for purchase of building 500,000 Prepare thefinancing activities section of Tifton & Co.'s statement ofcash flows. Use the minus sign to indicate cash outflows, adecrease in cash or cash payments. TIFTON & CO.
Statement of Cash Flows Current Year Financing Activities:
Proceeds from issuance of common stock $ 400,000
Payment of dividends $?
Proceeds from issuance of bonds payable $?
Payment for purchase of treasury stock $ ?
Net cash provided by financing activities $?
Related questions
Trafalgar Industries, Inc. is a manufacturer of steel products for customers such as Home Depot, Loweâs, Chrysler, Ford, and General Motors. In the year ended December 31, 2013, it reported the following activities:
| Net income (loss) | $ | (6,533 | ) |
| Purchase of equipment | 14,040 | ||
| Payments on notes payable to bank | 207,469 | ||
| Net proceeds from stock issuance | 762 | ||
| Depreciation | 26,150 | ||
| Proceeds from sale of equipment | 12,520 | ||
| Increase in accounts receivable | 1,970 | ||
| Proceeds from notes payable to bank | 212,100 | ||
| Required: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.)
+ Depreciation Increase in Accounts Receivable Net Proceeds from Stock Issuance Other Financing Cash Outflows Payment of Dividends Payments on Notes Payable to Bank Proceeds from Notes Payable to Bank Proceeds from Sale of Equipment Purchase of Equipment The full content of this question did not transfer to your assignment. Please try again. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(Learning Objective 3: Prepare operating cash flowsâindirect method) Eldred Corporation accountants have assembled the following data for the year ended June 30, 2012:
| Net income | $ ? |
| Payment of dividends | 5,500 |
| Proceeds from the issuance of common stock | 15,000 |
| Sales revenue | 222,000 |
| Increase in current assets other than cash | 32,000 |
| Purchase of treasury stock | 8,000 |
| Cost of goods sold | $114,000 |
| Other operating expenses | 39,000 |
| Purchase of equipment | 37,000 |
| Increase in current liabilities | 11,000 |
| Payment of note payable | 29,000 |
| Proceeds from sale of land | 31,000 |
| Depreciation expense | 6,000 |
Prepare the operating activities section of Eldredâs statement of cash flows for the year ended June 30, 2012. Eldred uses the indirect method for operating cash flows. PLEASE CHART ON COMPUTER. NO HAND WRITTEN DATA PLEASE! THANK YOU.
