Business, 13.08.2019 00:30 NNopeNNopeNNope

In preparing its cash flow statement for the year ended december 31, reve co. collected the following data: gain on sale of equipment$ (6,000)proceeds from sale of equipment 10,000purchase of a. s., inc. bonds (par value $200,000) (180,000)amortization of bond discount 2,000 dividends declared (45,000)dividends paid 38,000)proceeds from sale of treasury stock (carrying amount $65,000) 75,000in its december 31, statement of cash flows , what amount should reve report as net cash used in investing activities? a. $170,000 b. $176,000 c. $188,000d. $194,000choice "a" is correct. investing activities include acquisitions and sales of long-term assets or investmentassets. cash used equals $170,000 ($180,000 paid less $10,000 received from the sale of the equipment).

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 10:50

Explain whether each of the following events increases, decreases, or has no effect on the unemployment rate and the labor-force participation rate.a. after a long search, jon finds a job.b. tyrion, a full-time college student, graduates and is immediately employed.c. after an unsuccessful job search, arya gives up looking and retires.d. daenerys quits her job to become a stay-at-home mom.e. sansa has a birthday, becomes an adult, but has no interest in working.f. jaime has a birthday, becomes an adult, and starts looking for a job.g. cersei dies while enjoying retirement.h. jorah dies working long hours at the office.

Answers: 2

Answer

Business, 22.06.2019 13:10

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?

Answers: 2

Answer

Business, 22.06.2019 14:40

You are purchasing a bond that currently sold for $985.63. it has the time-to-maturity of 10 years and a coupon rate of 6%, paid semi-annually. the bond can be called for $1,020 in 3 years. what is the yield to maturity of this bond?

Answers: 2

Answer

Business, 22.06.2019 17:30

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?

Answers: 2

Answer

You know the right answer?

In preparing its cash flow statement for the year ended december 31, reve co. collected the followin...

Questions