During 2012 smithson corp had the following cash flows

Assignment Help Accounting Basics
Reference no: EM13596559

During 2012, Smithson Corp. had the following cash flows: receipt from customers, $10,000; receipt from the bank for long-term borrowing, $6,000; payment to suppliers, $5,000; payment of dividends, $1,000, payment to workers, $2,000; and payment for machinery, $8,000. What amount would be reported for financing cash flows on the Statement of Cash Flows?

Reference no: EM13596559

Questions Cloud

Abernathy co authorized to issue 10000 shares of 8 - 50 par : abernathy co authorized to issue 10000 shares of 8 - 50 par value preferred stock and 500000 shares of no par value
Wireless technologies reports operating expenses of 2 : wireless technologies reports operating expenses of 2 million. operating expenses include rent expense. prepaid rent at
On august 1 2002 bonnie purchased 15000 of huber cos 10 : on august 1 2002 bonnie purchased 15000 of huber co.s 10 20-year bonds at face value. huber co. has paid the semiannual
Rachels recordings reported net income of 200000 beginning : rachels recordings reported net income of 200000. beginning balances in accounts receivable and accounts payable were
During 2012 smithson corp had the following cash flows : during 2012 smithson corp. had the following cash flows receipt from customers 10000 receipt from the bank for
For the past year pedi company had fixed costs of 70000 : for the past year pedi company had fixed costs of 70000 unit variable costs of 32 and a unit selling price of 40. for
Samson corporations common stock is priced at 3050 per : samson corporations common stock is priced at 30.50 per share before any stock dividend or split and the stockholders
Data solutions reports sales of 100 million accounts : data solutions reports sales of 100 million. accounts receivable at the beginning and end of the year are 6 million and
On january 1 2001 art shell loaned 30052 to phil hilton a : on january 1 2001 art shell loaned 30052 to phil hilton. a zero interest bearing note was exchanged solely for cash no

Reviews

Write a Review

Accounting Basics Questions & Answers

  Japanese yen depreciates against the dollar

Assume the British pound appreciates against the dollar while the Japanese yen depreciates against the dollar. Which of the following is true?

  Anton company purchased the hair company on january 1 year

questions 1 2 and 3 inter-relate. 1 is anton company as of january 1 year 1. 2 shows the situation on december 31 year

  Journalize superior co.

Journalize Superior Co.'s entries for sale, including the cost of the merchandise sold - the credit memorandum, including the cost of the returned merchandise

  Calculate the total bond interest expense

1. Calculate the total bond interest expense over the bonds' life. 2. Prepare a straight-line amortization table for the bonds' life.

  Earnings per share of stoneland corporation

For 2010, Stoneland Corporation reported net income, $24,000; net sales, $400,000; and average shares outstanding, 6,000. There were no preferred stock dividends. What was the 2010 earnings per share?

  Explain how a parent-subsidiary controlled group differs

Explain how a parent-subsidiary controlled group differs from an affiliated controlled group. Develop examples of each to illustrate the differences.

  Determine the gross profit

In the year 2012, Utica Construction Company contracted to build a warehouse for $6,000,000. Data relating to the contract are as follows.

  Net returns and long-short-term gains

James Welling, a 37 year old engineer has an appointment to meet you in about an hour. As you are reviewing his accounts, you notice that he is a fairly active trader. He seems to do pretty well with returns that outpace the averages

  Compare and contrast the mis in place in two distinctly

nbspcompare and contrast the mis in place in two distinctly different organizations.nbspcompare each organizations

  Thinking model discussion

Which of the following is NOT one of the five steps in the lean thinking model discussed in the text? Choose one answer.

  Jorge company bottles and distributes b-lite a diet soft

jorge company bottles and distributes b-lite a diet soft drink. the beverage is sold for 60 cents per 16-ounce bottle

  Total indirect manufacturing costs

Calculate the total indirect manufacturing costs for December from the information given above.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd