Question

1. Seydou Corp. transactions for the year ended 2019 included the following: [24]
   ◊――――――――――――――――――――――――――◊
   Proceeds from Sale of Land: 168,000
   Proceeds from Long-Term Borrowing: 420,000
   Plant Assets Purchased: 164,000
   Inventories Increase: 700,000
   Sale of Szalai Inc. common stock: 120,000
   Dividends Paid: 60,000
   Proceeds from sale of Treasury Notes: 52,000
   Sale of Seydou Corp. common stock: 250,000
   ◊――――――――――――――――――――――――――◊
   
   
   Seydou Corp. Cash Flow from Investing for 2019 is?

2. Edin Corp. financial statements are as follows: [25]
   
   
   Balance Sheet on: Dec 31, 2019 | Dec 31, 2018 | Increase
   ◊――――――――――――――――――――――――――◊
   Cash: 120,400 | 70,000 | 50,400
   Accounts receivable (net): 120,200 | 90,000 | 30,200
   Inventories: 160,200 | 140,000 | 20,200
   Property and Equipment, Cost: 190,800 | 150,000 | 40,800
   Accumulated Depreciation: (46,000) | (16,000) | (30,000)
   Investments: 180,800 | 80,000 | 100,800
   Total assets: 726,400 | 514,000 | 212,400
   ◊――――――――――――――――――――――――――◊
   Accounts payable: 160,800 | 146,000 | 14,800
   Short term borrowings: 71,600 | 76,000 | (4,400)
   Notes payable, Long-term: 60,000 | 4,000 | 56,000
   Capital Surplus (no Par): 318,000 | 258,000 | 60,000
   Retained earnings: 116,000 | 30,000 | 86,000
   Total Liabilities and Equity: 726,400 | 514,000 | 212,400
   ◊――――――――――――――――――――――――――◊
   All equipment purchased was for cash.
   Equipment costing $11000 was sold for $6700; The book value of the sold equipment was $9800. The loss was reported as an ordinary item in net income. Cash dividends of $20000 were declared and paid in 2019. The transfer of net income to retained earnings was the only other entry in the Retained Earnings account.
   What will be the Cash Flow from Financing Activities for Edin Corp. in 2019?

3. Adebayor Corp. financial statements are as follows: [6]
   Balance Sheet on: Dec 31, 2019 | Dec 31, 2018 | Increase
   ◊――――――――――――――――――――――――――◊
   Cash: 120,200 | 70,000 | 50,200
   Accounts receivable: 120,100 | 90,000 | 30,100
   Inventories: 160,100 | 140,000 | 20,100
   Property and Equipment, Cost: 190,400 | 150,000 | 40,400
   Accumulated Depreciation: (46,000) | (16,000) | (30,000)
   Goodwill: 67,000 | 12,000 | 55,000
   Investments: 113,400 | 68,000 | 45,400
   Total assets: 725,200 | 514,000 | 211,200
   ◊――――――――――――――――――――――――――◊
   Accounts payable: 160,400 | 146,000 | 14,400
   Short term borrowings: 70,800 | 76,000 | (5,200)
   Notes payable, Long-term: 60,000 | 4,000 | 56,000
   Capital Surplus (no Par): 322,000 | 258,000 | 64,000
   Retained earnings: 112,000 | 30,000 | 82,000
   Total Liabilities and Equity: 725,200 | 514,000 | 211,200
   ◊――――――――――――――――――――――――――◊
   
   
   Adebayor Corp. had acquired 100% of Hernandez Inc. for cash on 2019.
   Adebayor Corp. acquired no other company During the year.
   
   
   Hernandez Inc. Balance Sheet on 2019 is as follows:
   ◊――――――――――――――――――――――――――◊
   Cash: 10,000
   Accounts receivable: 22,000
   Inventories: 29,000
   Property and Equipment (Net): 29,000
   ◊――――――――――――――――――――――――――◊
   Accounts payable: 16,000
   Stockholders Equity: 74,000
   ◊――――――――――――――――――――――――――◊
   
   
   Cash dividends of $20000 were charged to retained earnings and paid during the year. The transfer of net income to retained earnings was the only other entry in the Retained Earnings account. No Property and Equipment was sold during 2019.
   
   
   What will be the Cash Flow from Financing for Adebayor Corp. in 2019?

4. Suarez Corp.transactions for the year ended 2019 included the following: [61]
   ◊――――――――――――――――――――――――――◊
   Cash Borrowed from Bank: 193,000
   Debenture Bonds issued, 11%: 180,000
   Patent Purchased: 402,000
   Bank Loan Paid: 220,000
   Available-For-Sale Securities Sold: 128,000
   Refundable Long Term Customer Deposits Increase: 796,000
   Acquisition of 12% of Carthage Corp. common stock: 195,000
   ◊――――――――――――――――――――――――――◊
   
   
   Suarez Corp. Cash from Financing Activities for 2019 is?

5. Pato Corp. transactions for the year ended 2019 included the following:
   ―――――――――――――――――――――――――――――――――――――――
   Real Estate Purchased:: 22,000
   Accounts Payable Increase:: 23,000
   Sale of Morris Corp. common stock:: 520,000
   Dividends Paid:: 206,000
   Proceeds from sale of treasury stock (on books at cost of 258,000):: 320,000
   Bank Loan Paid:: 145,000
   Payment for the early retirement of bonds (carrying amount $220,000):: 240,000
   ―――――――――――――――――――――――――――――――――――――――
   
   
   Pato Corp.cash flow from financing for 2019 is?

6. Sam Corp. had prepared financial statements for the year ended Dec 31, 2014. After preparing the statements just before the end of the year, equipment costing $96000 was sold for a gain of $4000, and accumulated depreciation of the equipment sold was $50000. The financial statements were adjusted accordingly. Assume taxes are zero. The information concerning the sale of the equipment will lead to the following on Sam Corp.'s financial statements:

How much cash flow from operations would increase?

How much cash flow from investing would increase?

Answer 1