Cash flows from financing activities for 2008

Assignment Help Financial Accounting

Reference no: EM1312905

Multiple choice question based on cash flow statement.

1.Miller Company purchased treasury stock with a cost of $15,000 during 2008. During the year, the company paid dividends of $20,000 and issued bonds payable for proceeds of $816,000. Cash flows from financing activities for 2008 total

a.$796,000 net cash inflow.
b.$811,000 net cash inflow.
c. $5,000 net cash outflow.
d. $781,000 net cash inflow.

2.Use the following information to answer this question:

Nagen Company had these transactions pertaining to stock investments:
Feb. 1 Purchased 2,000 shares of Cagney Company (10%) for $33,200 cash plus brokerage fees of $800. June 1 Received cash dividends of $2 per share on Cagney stock. Oct. 1 Sold 800 shares of Cagney stock for $16,000 less brokerage fees of $400. The entry to record the receipt of the dividends on June 1 would include a

a.debit to Stock Investments for $4,000.
b.credit to Dividend Revenue for $4,000.
c.debit to Dividend Revenue for $4,000.
d.credit to Stock Investments for $4,000.

Reference no: EM1312905

Questions Cloud

Recognize revenue for product sales : Determine when these two companies recognize revenue for product sales allowing customers the right of return.

Compute the total cost and total revenue : What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?

Theory question based on revenue recognition : Theory question based on revenue recognition - What factors does the standard discuss that may impair the ability to make a reasonable estimate of returns?

Estimating simple linear regression equation : A sample of twenty automobiles was taken, and the miles per gallon (MPG), horsepower, and total weight were recorded. Develop a linear regression model to predict MPG using horsepower as the only independent variable. Develop another model with weig..

Cash flows from financing activities for 2008 : Multiple choice question based on cash flow statement - Cash flows from financing activities for 2008 total

Explain recommendation for a project based on npv : Explain Recommendation for a project based on NPV and What is the project's annual after tax cash flows for years

Probability of project completion time using pert : What is the probability that the project will be completed in 17 months or less?

Given the marginal cost and marginal revenue : For the product shown, assume that the minimum point of each firm's average variable cost curve is at $2. Construct a demand and supply diagram for the product and indicate the equilibrium price and quantity.

Providing recommendation based on capital budgeting requires : Providing recommendation based on capital budgeting requires calculation of NPV, IRR, payback period

User Account

All Pages