Find the net cash provided by investing activities

Assignment Help Financial Accounting
Reference no: EM132505430

The following events occurred last year at Sigma Corporation:

Purchase of plant and equipment $ 45,000
Sale of long-term investment $ 24,000
Dividends received on long-term investments $ 9,000
Paid off bonds payable $ 12,000
Depreciation expense $ 32,000

Question 1: Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be:

1) 32000$

2) 12000$

3) 69000$

4) 21000$

Reference no: EM132505430

Questions Cloud

Determine perpetual equivalent annual worth : Determine its perpetual equivalent annual worth (in years 1 through infinity) at an interest rate of 10% per year.
What forces affect long-run costs : What forces affect long-run costs: scale, scope, learning, and purchasing economies? How so? Explain your answer.
Prepared under the indirect method as : An increase in accounts receivable of $1,000 over the course of a year would be shown on the company's statement of cash flows prepared
How much money does he have to enjoy in his retirement : If Cousin It is 25 years old, and he invests $10 every month at a 3% annual percentage rate until he turns 70, how much money does he have to enjoy in his retir
Find the net cash provided by investing activities : Based on the above information, the net cash provided by (used in) investing activities for the year on the statement of cash flows would be
What the rate of money growth should equal : If we assume that velocity is constant, does this zero-inflation goal require that the rate of money growth equal zero? If yes, explain why.
What is the nominal interest rate : In the country of Albion, expected inflation is 8% and the real interest rate is 5%, what is the nominal interest rate? Show your work.
Find the net cash provided by operating activities was : Net cash provided by (used in) financing activities was $(30,000). On the statement of cash flows, the net cash provided by (used in) operating activities was
How the aggregate supply and aggregate demand curves : In the long run? Describe how the aggregate supply and aggregate demand curves would be affected?

Reviews

Write a Review

Financial Accounting Questions & Answers

  How much interest expense is to be recognize and recorded

You are asked to evaluate a five-year, convertible debt offering being considered by management. This offering, effective January 1, 2013, is for $40 million. It would be issued at 2% below prevailing interest rates at the time of issuance and is due..

  What is the subsidiarys income recognized by leo

What is the net income attributable to the noncontrolling interest for 2018? What is the subsidiarys income recognized by Leo in 2018

  Prepare a lease amortization schedule

Explain why Kevin Pte Ltd should treat this lease as a financial lease, prepare a lease amortization schedule for the entire lease period for the firm.

  What is sustainable growth rate

Inc. has a return on equity of 14%, a dividend payout ratio of 20%, an equity multiplier of 1.4, and a profit margin of 1.2%. What is sustainable growth rate

  Calculate adjusted tax basis in asset

ABC Company purchased business property several years ago, paying $25,000 cash and borrowing $80,000 to fund the acquisition. ABC also incurred $2,000 of freight costs for shipping the property to its business location. ABC has also deducted $56,000 ..

  What is the acquisition cost of each asset

To add to his growing chain of grocery stores, on January 1, 2016, Danny Marks bought a grocery store of a small competitor for $520,000. An appraiser, hired to assess the acquired assets' values, determined that the land, building, and equipment had..

  Show a sample of auditors report unmodified audit opinion

Show a sample of auditors' report Unmodified audit opinion, Modified audit opinion with (emphasis of matter),Modified audit opinion (except for)

  Evaluate the gross profits to be identifies

Evaluate the gross profits to be identifies for each of the three years. If the outcome of the construction contract can't be reliably estimated, evaluate the gross profit for each year be?

  Prepare new contribution format income statement

Miller Company’s most recent contribution format income statement is shown below: Prepare a new contribution format income statement under each of the following conditions (consider each case independently):

  What annual coupon rate is being offered

Bonds pay interest semi-annually and the market requires that they offer a 10% annual rate of return, what annual coupon rate is being offered?

  What did chik chik company show as total credits

What did Chik Chik Company show as total credits on its trial balance? On January 14, Edamame Industries purchased supplies of $700 on account. The entry to record the purchase will include.

  What is the companys predetermined overhead rate

Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the Mar..

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