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151. Use the following company information to calculate its net cash

Question : 151. Use the following company information to calculate its net cash : 1401471

 

151. Use the following company information to calculate its net cash provided or used by investing activities:

(a) Equipment with a book value of $125,000 and an original cost of $220,000 was sold at a gain of $22,000.

(b) Paid $49,000 cash for a new truck.

(c) Sold land costing $30,000 for $26,000 cash, realizing a $4,000 loss.

(d) Purchased treasury stock for $53,000 cash.

(e) Long-term investments in stock are sold for $41,000 cash, realizing a gain of $3,500.

152. Use the following company information to prepare a schedule of significant noncash investing and financing activities:

(a) Sold a building with a book value of $125,000 for $195,000 cash and land with a book value of $32,000 for $65,000 cash.

(b) Issued 10,000 shares of $10 par value common stock in exchange for equipment with a market value of $135,000.

(c) Retired a $100,000, 10% bond by issuing another $100,000, 12% bond issue.

(d) Acquired land by issuing a 10-year, 9%, $44,000 note payable.

153. Use the following information to calculate the net cash provided or used by financing activities for the Brooks Corporation:

(a) Net income, $10,000.

(b) Sold common stock for $4,000 cash.

(c) Paid cash dividend of $3,000.

(d) Paid bond payable, $8,000.

(e) Purchased equipment for $12,000 cash.

 

 

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