Question
In: Accounting
Range Co. provided the following information on selected transactions: Purchase of land by issuing bonds to...
Range Co. provided the following information on selected transactions:
|
Purchase of land by issuing bonds to the seller |
$200 |
|
Proceeds from issuing bonds |
$675 |
|
Purchases of treasury stock |
$225 |
|
Purchase XYZ Company Bonds |
$500 |
|
Dividends declared to preferred stockholders |
$300 |
|
Proceeds from issuing preferred stock |
$150 |
|
Proceeds from sale of equipment |
$250 |
The net cash provided (used) by financing activities is:
Select one:
a. $1,200
b. $500
c. $1,000
d. $800
e. $600
Solutions
Expert Solution
| Amount $ | |
| Proceeds from issuing of bonds | 675 |
| Less :Purchase of treasury Stock | -225 |
| Add :Proceeds from issuing preferred stock | 150 |
| Net cash provided (used) by financing activities | 600 |
| Correct answer is option e. ( i.e. $ 600 ). |
ekkarill92 answered 2 years agoRelated Solutions
Range Co. provided the following information on selected transactions: Purchase of building from XYZ Company; obtained...
Range Co. provided the following information on selected
transactions:
Purchase of building from XYZ Company; obtained mortgage
from BRB Bank
$200
Proceeds from issuing bonds
$500
Purchases of EAB Company Stock
$300
Purchase of Investment in Bonds
$675
Dividends paid to preferred stockholders
$250
Proceeds from issuing preferred stock
$225
Proceeds from sale of equipment
$150
The net cash provided (used) by investing
activities is:
Select one:
a. $(725)
b. $95
c. $(425)
d. $(1,025)
e. $(525)
Please answer 25-28 25) Hawk Co. provided the following information on selected transactions during 2021: Purchase...
Please answer 25-28
25) Hawk Co. provided the following information on
selected transactions during 2021:
Purchase of land by issuing bonds
$1,300,000
Proceeds from issuing bonds 2,500,000
Purchases of inventory 3,800,000
Dividends paid to common stockholders
340,000
Proceeds from issuing preferred stock
1,600,000
Proceeds from sale of land 200,000
The net cash provided (used) by financing activities
during 2021 is ________
26) Deferred tax assets affect both the income statement
and the balance sheet. (answer True or False)
27) Interest...
Purchase-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Niles Co. during...
Purchase-Related Transactions Using Perpetual Inventory
System
The following selected transactions were completed by Niles Co.
during March of the current year:
Mar. 1.
Purchased merchandise from Haas Co., $18,200, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $450 was added to
the invoice.
5.
Purchased merchandise from Whitman Co., $16,400, terms FOB
destination, n/30.
10.
Paid Haas Co. for invoice of March 1.
13.
Purchased merchandise from Jost Co., $5,700, terms FOB
destination, 1/10, n/30.
14.
Issued debit memo...
Purchase-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Niles Co. during...
Purchase-Related Transactions Using Perpetual Inventory
System
The following selected transactions were completed by Niles Co.
during March of the current year:
Mar. 1.
Purchased merchandise from Haas Co., $18,400, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $150 was added to
the invoice.
5.
Purchased merchandise from Whitman Co., $15,400, terms FOB
destination, n/30.
10.
Paid Haas Co. for invoice of March 1.
13.
Purchased merchandise from Jost Co., $7,600, terms FOB
destination, 1/10, n/30.
14.
Issued debit memo...
Purchase-Related Transactions Using Periodic Inventory System The following selected transactions were completed by Niles Co. during...
Purchase-Related Transactions Using Periodic Inventory
System
The following selected transactions were completed by Niles Co.
during March of the current year:
Mar. 1.
Purchased merchandise from Haas Co., $43,250, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $650 was added to
the invoice.
5.
Purchased merchandise from Whitman Co., $19,175, terms FOB
destination, n/30.
10.
Paid Haas Co. for invoice of March 1.
13.
Purchased merchandise from Jost Co., $15,550, terms FOB
destination, 2/10, n/30.
14.
Issued debit memo...
Purchase-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Niles Co. during...
Purchase-Related Transactions Using Perpetual Inventory
System
The following selected transactions were completed by Niles Co.
during March of the current year:
Mar. 1.
Purchased merchandise from Haas Co., $18,800, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $525 was added to
the invoice.
5.
Purchased merchandise from Whitman Co., $15,350, terms FOB
destination, n/30.
10.
Paid Haas Co. for invoice of March 1.
13.
Purchased merchandise from Jost Co., $4,900, terms FOB
destination, 1/10, n/30.
14.
Issued debit memo...
Purchase-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Niles Co. during...
Purchase-Related Transactions Using Perpetual Inventory
System
The following selected transactions were completed by Niles Co.
during March of the current year:
Mar. 1.
Purchased merchandise from Haas Co., $17,600, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $575 was added to
the invoice.
5.
Purchased merchandise from Whitman Co., $14,150, terms FOB
destination, n/30.
10.
Paid Haas Co. for invoice of March 1.
13.
Purchased merchandise from Jost Co., $9,900, terms FOB
destination, 1/10, n/30.
14.
Issued debit memo...
Purchase-Related Transactions Using Perpetual Inventory System The following selected transactions were completed by Niles Co. during...
Purchase-Related Transactions Using Perpetual Inventory
System
The following selected transactions were completed by Niles Co.
during March of the current year:
Mar. 1.
Purchased merchandise from Haas Co., $18,500, terms FOB
shipping point, 2/10, n/eom. Prepaid freight of $525 was added to
the invoice.
5.
Purchased merchandise from Whitman Co., $11,350, terms FOB
destination, n/30.
10.
Paid Haas Co. for invoice of March 1.
13.
Purchased merchandise from Jost Co., $4,000, terms FOB
destination, 1/10, n/30.
14.
Issued debit memo...
The following information on selected cash transactions for 2021 has been provided by Crane Company: Proceeds...
The following information on selected cash transactions for 2021
has been provided by Crane Company:
Proceeds from sale of land
$311000
Proceeds from long-term borrowings
606000
Purchases of plant assets
212000
Purchases of inventories
1015000
Proceeds from sale of Crane common stock
368000
What is the cash provided (used) by investing activities for the
year ended December 31, 2021, as a result of the above
information?
$99000.
$311000.
$1285000.
$394000.
The following selected transactions were completed by Amsterdam Supply Co.,
The following selected transactions were completed by Amsterdam Supply Co., which sells office supplies primarily to wholesalers and occasionally to retail customers. Also note that the company uses a clearing house to take care of all bank as well as non-bank credit cards used by its customers.Record on page 10 of the journalMar. 2 Sold merchandise on account to Equinox Co., 518,900, terms FOB destination, 1/10,n/30. The cost of the merchandise sold was $13,300. 3 Sold merchandise for $11,350 plus 6%...
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