How peridot should report net cash outflows

Assignment Help Accounting Basics
Reference no: EM132605763

Selected information from Peridot Corporation's accounting records and financial statements for 2021 is as follows ($ in millions):

Cash paid to acquire machinery $33

Reacquired Peridot common stock 54

Proceeds from sale of land 91

Gain from the sale of land 46

Investment revenue received 66

Cash paid to acquire office equipment 84

Question 1: In its statement of cash flows, Peridot should report net cash outflows from investing activities of:

Reference no: EM132605763

Questions Cloud

Appropriate tactics for influencing a situation : Provide examples of when these tactics were successful and when they were not successful.
Discuss the types of innovation caterpillar : Discuss the types of innovation Caterpillar Inc.'s uses such as radical incremental, disruptive, and architectural innovation.
Practice of project risk and procurement management : Critically evaluate the use of complex models of Project Risk and Procurement Management; systematically and creatively making sound judgements based
What amount should N report as recorded lease liability : The rounded present value of an ordinary annuity for nine years at 13% is 5.1317. What amount should N report as recorded lease liability at December 31, 2021?
How peridot should report net cash outflows : How peridot should report net cash outflows from investing activities of? Peridot Corporation's accounting records and financial statements
Determine the proper allowance for doubtful accounts : Why do companies establish an allowance for doubtful accounts and how would you determine the proper allowance for doubtful accounts for a company?
Why capitalism and socialism are currently being spotlighted : Discuss why capitalism and socialism are currently being spotlighted in U.S. politics giving the pros and cons to each organizational structure. Be sure to be.
Find the accountant debits and credits accounts payable : When the perpetual inventory method is being used, the accountant debits and credits Accounts Payable (or Cash) when goods are purchased
Describe the three types of research designs : Describe the three types of research designs, and explain what method you will use to collect data (qualitative, quantitative, mixed methods).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Ask for details and learn the information

You met Jamie Turner (Attached Cases) at recent social event. As you talk with one another you revealed to Jamie that you are a student of MBA Program. He became extremely excited upon learning about your work in MBA program and asks you to help w..

  Discuss the assets-in-place

Define each of the following terms: Net operating working capital; operating capital; NOPAT; free cash flow.

  What is the sales revenue required to achieve target profit

Based on the CVP relation in (b), what is the sales revenue required to achieve target profit of $5,000?

  Information regarding selling prices and costs

In this case, you are provided information regarding selling prices and costs of several products offered by Mendel Paper Company. In addition, management has concerns about sales mix and rising costs. Address the questions (1-5) at the end of th..

  The cost to winsor company of manufacturing 20000 units of

the cost to winsor company of manufacturing 20000 units of a particular part is 255000 of which 100000 is fixed and

  Calculate estimated total cash collections during october

ABC Company has the following historical collection pattern for its credit sales: 2% uncollectible. Calculate estimated total cash collections during October

  Compute the new breakeven point in units sold

Suppose the unit purchased is $5 instead of $6 but the selling price is unchanged. Compute the new breakeven point in units sold.

  What the effect on nadal financial statements on september

What The effect on Nadal's financial statements on September 30, 2013On October 1, 2012, Nadal Company received a $50,000 promissory note

  Accrual of interest and amortization of bond discount

On August 1, Stuart Co. issued $1,300,000 of 20-year, 9% bonds, dated August 1, for $1,225,000. Interest is payable semiannually on February 1 and August 1. Present the entries to record the following transactions for the current year:

  How much Benny Company should report

On January 2, 2018, Benny Company purchased 7,000 shares of the stock of Tom Company at $14 per share. How much Benny Company should report

  What are advantages of allowing customers to make purchases

What are the signs you would look out for in the financial statements for the possibility of bad debts? What are the advantages and disadvantages of allowing customers to make purchases on credit? Give reasons for your answers.

  Prepare the journal entry to record deferred income taxes

Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2014, assuming taxable income of $325,000

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