Interest payments to creditors are reported in a statement of cash flows as a(n):
Author: Anonymous
Creditors and investors would generally find the statement o…
Creditors and investors would generally find the statement of cash flows least useful for assessing the:
Smiley Corp.’s transactions for the year ended December 31,…
Smiley Corp.’s transactions for the year ended December 31, 2021 included the following: Purchased real estate for $1,250,000 cash which was borrowed from a bank. Sold available-for-sale securities for $1,000,000. Paid dividends of $1,200,000. Issued 500 shares of common stock for $500,000. Purchased machinery and equipment for $250,000 cash. Paid $900,000 toward a bank loan. Reduced accounts receivable by $200,000. Increased accounts payable $400,000. Required: Prepare, in good form, the investing activities section of Smiley’s statement of cash flows. Prepare, in good form, the financing activities section of Smiley’s statement of cash flows.
The balance sheets for Kinder Company showed the following i…
The balance sheets for Kinder Company showed the following information. Additional information concerning transactions and events during 2021 is presented below. Kinder Company Balance Sheet December 31 2021 2020 Cash $ 30,900 $ 10,200 Accounts receivable (net) 43,300 20,300 Inventory 35,000 42,000 Long-term investments 0 15,000 Property, plant & equipment 236,500 150,000 Accumulated depreciation (37,700) (25,000) $308,000 $212,500 Accounts payable $ 17,000 $ 26,500 Accrued liabilities 21,000 17,000 Long-term notes payable 70,000 50,000 Common stock 130,000 90,000 Retained earnings 70,000 29,000 $308,000 $212,500 Additional data: 1. Net income for the year 2021, $61,000. 2. Depreciation on plant assets for the year, $12,700. 3. Sold the long-term investments for $33,000 (assume gain or loss is ordinary). 4. Paid dividends of $20,000. 5. Purchased machinery costing $26,500, paid cash. Instructions Using the following format provided, prepare the operating section of the statement of cash flows (using the indirect method) for 2021 for Kinder Company. Number of lines does not necessarily mean they are all used (that is for you to determine). Kinder Company Statement of Cash Flows For the Year Ended December 31, 2021 Cash flows from operating activities Net income $__________ Adjustments to reconcile net income to net cash provided by operating activities: __________________________________ $__________ __________________________________ __________ _________________________________ __________ __________________________________ __________ __________________________________ __________ __________________________________ __________ __________________________________ __________ __________ Net cash provided (used) by operating activities __________
(1) What is a lifestyle? Explain it in your own words. (2 po…
(1) What is a lifestyle? Explain it in your own words. (2 points) (2) Choose a company and a lifestyle segment it targets. Explain how the company uses the marketing mix (product, price, place, and promotion) to appeal to that specific lifestyle. (6 points)
An age cohort that describes kids who were born in 2003 and…
An age cohort that describes kids who were born in 2003 and later is ________.
If a person’s identity is derived in large measure from his…
If a person’s identity is derived in large measure from his or her social group, this is called ________.
Explain each of the three stages of memory and provide insig…
Explain each of the three stages of memory and provide insights on how marketers can effectively influence consumers at each stage. Stage 1. encoding (4 points) Stage 2. storage (4 points) Stage 3. retrieval (4 points)
The standard reduction potentials are as follows: Cr3+(aq)…
The standard reduction potentials are as follows: Cr3+(aq) + 3 e– → Cr(s); E° = –0.74 V Pb2+(aq) + 2 e– → Pb(s); E° = –0.13 V Calculate the standard Gibbs free energy change for the following reaction. 2 Cr(s) + 3 Pb2+ → 3 Pb(s) + 2 Cr3+(aq) Written work required
A sample of methane, CH 4, occupies a volume of 350.0 mL at…
A sample of methane, CH 4, occupies a volume of 350.0 mL at 25°C and exerts a pressure of 1140.0 mmHg. If the volume of the gas is allowed to expand to 500.0 mL at 298 K, what will be the pressure of the gas? Written work required