User Account

All Pages

Information concerning the debt of cole company is as

Assignment Help Accounting Basics
Reference no: EM13373246

Information concerning the debt of Cole Company is as follows:

Short-term borrowings:
Balance at December 31, 2010 $525,000
Proceeds from borrowings in 2011 325,000
Payments made in 2011 (450,000)
Balance at December 31, 2011 $400,000
Current portion of long-term debt:
Balance at December 31, 2010 $1,625,000
Transfers from caption "Long-Term Debt" 500,000
Payments made in 2011 (1,225,000)
Balance at December 31, 2011 $ 900,000
Long-term debt:
Balance at December 31, 2010 $9,000,000
Proceeds from borrowings in 2011 2,250,000
Transfers to caption "Current Portion of Long-Term Debt" (500,000)
Payments made in 2011 (1,500,000)
Balance at December 31, 2011 $9,250,000

In preparing a statement of cash flows for the year ended December 31, 2011, for Cole Company, cash flows from financing activities would reflect
Inflow Outflow 
a. $2,000,000 $2,000,000
b. $2,250,000 $2,250,000
c. $2,650,000 $2,575,000
d. $2,575,000 $3,175,000

Reference no: EM13373246

Questions Cloud

The occurrence that most likely wold have no effect on 2010 : the occurrence that most likely wold have no effect on 2010 net income is thenbspastock purchased in 1996 deemed
Study appendix 13 consider the following data for the : study appendix 13. consider the following data for the rivera companyfactory overhead fixed variable actual incurred
Study appendix 13 consider the following data regarding : study appendix 13. consider the following data regarding factory overhead variable fixed budget for actual hours of
Question the following information is taken from the 2007 : question the following information is taken from the 2007 general ledger of clifford company.rent rent rent expense
Information concerning the debt of cole company is as : information concerning the debt of cole company is as followsshort-term borrowings balance at december 31 2010 525000
Nbspnbspnbspnbspcomparative balance sheets for bayshore : nbspnbspnbspnbspcomparative balance sheets for bayshore industries inc. as of december 31 year 2 and year 1 are
Bob has 2000000 of shoes in stock that cost 12 per pair you : bob has 2000000 of shoes in stock that cost 12 per pair. you are also able to determine the following amountsnrv 11.25
Designers could earn additional 1000000 income before : designers could earn additional 1000000 income before interest and taxes by expanding into new markets. however the
Question corporation has provided the following production : question corporation has provided the following production and average cost data for two levels of production volume.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Prepare a statement of cash flows for sondegaard corporation

Addtl. Info: Investments were sold at a loss (not extraordinary) of $7,000; no equipment was sold; cash dividends paid were $50,000; and net income was $160,000 Prepare a statement of cash flows for 2010 for Sondegaard Corporation.

  Depreciation for annual adjustment purposes

Which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $24,000). In computing depreciation for annual adjustment purposes, expense is calculated for each month ..

  Record the purchase of the bonds

The bonds were dated May 1, 2007, and mature on April 30, 2012, with interest payable each October 31 and April 30. The bonds will be held to maturity. What entry should Bettis make to record the purchase of the bonds on August 1, 2007?

  New accountant recommendation

Do you concur with the new accountant's recommendation? Present a schedule to support your answer.

  Question-cole manufacturing company

Cole Manufacturing Company buys land for $50,000 on12-31-2000. As of 3-31-2001, the land has appreciated in value to$50,500. On 12-31-2001, the land has an appraised value of $51,800. By what amount should Cole Manufacturing Company record the Lan..

  What was the stockholders equity

On January 1, 2010, NWK, Inc.'s assets were $300,000 and its stockholders' equity was $140,000. During the year, assets increased $15,000 and liabilities decreased $10,000. What was the stockholders' equity on December 31, 2010?

  How many years until he can establish the foundation

Derrick Lee just received a signing bonus of $1,000,000. His plan is to invest this payment in a fund that will earn 6%, compounded annually. (Hint: Use tables in text.)

  Merchandise inventory items problem

A company just starting in business purchased three merchandise inventory items at the following prices. First purchase $80; Second purchase $95; Third purchase $85. If the company sold two units for a total of $240 and used FIFO costing, the gros..

  Why stakeholders be unhappy

Your company's CEO has just learned that your firm's equity can be viewed as an option. Why might he want to increase the riskiness of the company, and why might other stakeholders be unhappy about this?

  Carrying value of clyde investment

For the year ended December 31, 2011, Blake reported income of $63,000 and paid cash dividends of $14,000 on its common stock. What is the proper carrying value of Clyde's investment in Blake at December 31, 2011?

  Price and constant growth rate of stock

Philly Corp's stock recently paid a dividend of $2 per share (Do = $2), and the stock is in equilibrium. The company has a constant growth rate of 5% and a beta of 1.5. The required rate of return on the market is 15%

  Fair value of properties as final settlement

On  the basis of settlements other firms have received from this same country, Shoyo expects to receive 40% of the fair value of its properties as final settlement.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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