Solution-What amount should be reported as cash flows

What amount should be reported as cash flows

Assignment Help Financial Accounting

Reference no: EM131105402

The following transactions were among those reported by Corfe City's electric utility enterprise fund for 2012:

Capital contributed by subdividers $ 900,000

Cash received from customer households 2,700,000

Proceeds from sale of revenue bonds 4,500,000

In the electric utility enterprise fund's statement of cash flows for the year ended December 31, 2012, what amount should be reported as cash flows from capital and related financing activities?

Reference no: EM131105402

Questions Cloud

How would you respond to battle : Kathleen Battle says, "Retained earnings should be reported as an asset, since it is earnings which are reinvested in the business." How would you respond to Battle?

Determining the minimum number of shares : The shareholders of the Pickwick Paper Company need to elect five directors. There are 360,000 shares outstanding. a. What is the minimum number of shares you need to own to ensure that you can elect at least one director if the company has majorit..

Analyze primary way in which eitf influences : Analyze the primary way in which Emerging Issues Task Force (EITF) influences Generally Accepted Accounting Principles (GAAP). Based on your analysis, recommend one improvement that the EITF could take in order to more effectively influence GAAP.

Improvement algorithm to find an optimal policy : Each year Ms. Fontanez has the chance to invest in two different no-load mutual funds: the Go-Go Fund or the Go-Slow Mutual Fund. At the end of each year, Ms. Fontanez liquidates her holdings, takes her profits, and then reinvests.

What amount should be reported as cash flows : In the electric utility enterprise fund's statement of cash flows for the year ended December 31, 2012, what amount should be reported as cash flows from capital and related financing activities?

Find two designs using open-circuited stub : Problem 5.5 A load impedance ZL = 90 + j60 is to be matched to a 75 Ω line using a single series-stub tuner. Find two designs using open-circuited stubs

Why do we have antitrust laws in the first place : CarToys car audio store sells its JVC brand speakers only with a JVC subwoofer. Without the subwoofer, they will not sell the speakers to people. This kind of practice is called a ___________________.

State the generally accepted accounting principle applicable : State the generally accepted accounting principle applicable to the balance sheet valuation of each of the following assets.

Question regarding the dividend tax rate : If you sell this security on the ex-dividend date, tomorrow, what is your annualized after-tax return if you expect the stock price to drop by $1.17? Assume a capital gains tax of 15% and dividend tax rate of 32%.

User Account

All Pages

What amount should be reported as cash flows

Reference no: EM131105402

Reference no: EM131105402

Questions Cloud

Reviews

Write a Review

Financial Accounting Questions & Answers

Financial statement analysis and preparation

Shareholder of a company

Financial and accounting principles

Prepare a statement of cash flow using the direct method

Financial accounting assignment

Prepare general journal entries for goela

Principles of financial accounting

Prepare general journal entries to record the transactions

Global reporting initiative

Explain the iasb conceptual frameworks

Determine the company''s financial statements

Computation of free cash flow

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT