Corresponding balances were drawn from cushing company

Assignment Help Managerial Accounting
Reference no: EM13917902

The following accounts and corresponding balances were drawn from Cushing Company's 2014 and 2013 year end balance sheets:

2133_264-B-M-A-S-C-F (2032) (1).png

Other information drawn from the accounting records:

 1. Dividends paid during the period amounted to $50,000. 

2. There were no bond liabilities repaid during the period. 

Required: 

a. Compute the amount of cash flow associated with the issue of bond liabilities. 

b. Compute the amount of cash flow associated with the issue of common stock.

c. Prepare the financing activities section of the statement of cash flows.

Reference no: EM13917902

Questions Cloud

Focusing on the discussion of the topic the article : Summarize the article, focusing on the discussion of the topic the article addresses. Incorporate relevant economic theory that is present so that discussion of the article content is clear.
Calculate the national income accounts : This NIPA Tables page will provide you with all the data needed to complete the following assignment. Click on Section 1 - Domestic Product and Income, scroll down and click on Table 1.1.5. Gross Domestic Product.
What changes is apd making to the business strategy : What necessitated the change in business strategy for the APD of Shipper Manufacturing Company? What changes is APD making to the business strategy?
Projections given for price-quantity-variable costs : We are evaluating a project that costs $972,000, has a four-year life, and has no salvage value. Assume that depreciation is straight-line to zero over the life of the project. Sales are projected at 88,800 units per year. Suppose the projections giv..
Corresponding balances were drawn from cushing company : The following accounts and corresponding balances were drawn from Cushing Company's 2014 and 2013 year end balance sheets:
Create an entity-relationship diagram : Refer back to all of the assignments you have completed related to Reliable Pharmaceutical Supply. Read the following specifications and answer the questions in an eight to ten (8-10) page paper.
Why should or shouldnt financial analysis play dominant role : For multihospital systems, scenario analysis has both advantages and disadvantages. Which do you think are the greater? Why should or shouldn't financial analysis play a dominant role in capital budgeting decisions
Boundary-spanning roles : Describe the ways managers use boundary-spanning roles and why they use them.
Assuming the company continues its current growth rate : Stock Valuation at Ragan, Inc. Ragan, Inc., was founded nine years ago by brother and sister Carrington and Genevieve Ragan. The company manufactures and installs commercial heating, ventilation, and cooling (HVAC) units. Assuming the company continu..

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Rewarding production department employees

A company rewards its production department employees for meeting budgeted cost levels by giving out bonuses. If department's cost exceeds the budget, employees don't get a bonus. What problems may arise with such a plan?

  Computing income elasticity of demand

Suppose you have the following hypothetical demand or sales function. Calculate the income elasticity of demand for product X when I= $1,500. How could we classify product X? Is product X a cyclical or noncyclical good?

  Calculate the total simulated hours

Using the random number function in excel simulate the arrival of 25 customers and calculate the total simulated hours, total waiting time for the customer service team member, and the total wait time for the customer?

  Operating income for the year using variable costing

best estimate of the total contribution margin when 4,300 units are sold - What was Indiana Corporation's net operating income for the year using variable costing?

  What is the unit product cost for the month under absorption

Maga Company, which has only one product, has provided the following data concerning its most recent month of operations.

  Management accounting system in walmart

Analyze the Walmart's accounting and finance practices. This must be a formal business report which provides both specific processes and strategies involving budgeting, costing, capital decision making, capital acquisition, and cost of capital str..

  Reconcile the differences in income

Prepare an absorption-costing income statement and prepare a variable-costing income statement - Reconcile the differences in income

  Heart and home properties is developing a subdivision

Heart and Home Properties is developing a subdivision that includes 600 home lots.

  Compounding interest and the banker

Compounding Interest and the Banker There are many factors influencing the cost of money for both individuals and corporations. Suppose you deposit money in an interest bearing account and at the same time borrow a bit of money from the same ba..

  Breakeven workshops

During 2008, the Training Department of Firm XYZ conducted 200 workshops with 20 individuals in each. The charge per individual was $300.

  Manufacturing plc must implement a manufacturing process

Goliath manufacturing plc must implement a manufacturing process that reduces the amount of toxic by-products. Two processes have been identified that provide the same amount of toxic product reduction. The first process would incur £205,000 in..

  A scholarship fund is started on january 1 2000 with an

a scholarship fund is started on january 1 2000 with an initial deposit of 100000 in an account earning i2.08 with

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!

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