Reference no: EM132732865

Questions -

Q1. Assume that Target's comparative balance sheets report the following information:

Increase in debt investments classified as held-to-maturity 5201

Increase in equipment 1730

Decrease in bonds payable 920

Increase in common stock 1200

Calculate cash from (for) investing activities. If the net cash is an outflow, please place a negative sign in front of the answer.

Q2 Assume that Apple's comparative balance sheets report the following information:

Decrease in accounts receivable 1830

Increase in accounts payable 3010

Net income 12650

Depreciation expense 2800

Calculate cash from (for) operating activities. If the net cash is an outflow, please place a negative sign in front of the answer.

Q3. Assume that Target's year-ended 12/31/19 trial balance reports the following information (all accounts have normal balances):

Restricted cash 1202

Work in process inventory 539

Finished goods inventory 1400

Accrued expenses 322

Customer advances 1200

Calculate total assets.

Q4. Assume that Nike's year-ended 12/31/19 trial balance reports the following information (all accounts have normal balances):

Debt investments classified as trading 6102

Cash and equivalents 1293

Bond sinking fund 837

Bonds payable 8392

Calculate total Long-term Investments.