What amount should reve report as net cash used

Assignment Help Financial Accounting
Reference no: EM131876251

In preparing its cash flow statement for the year ended December 31, year 1, Reve Co. collected the following data:

Gain on sale of equipment $ (6,000) Proceeds from sale of equipment 10,000 Purchase of A.S., Inc. bonds (par value $200,000) (180,000) Amortization of bond discount 2,000 Dividends declared (45,000) Dividends paid (38,000) Proceeds from sale of treasury stock (carrying amount $65,000) 75,000 In its December 31, year 1 statement of cash flows,

1. What amount should Reve report as net cash used in investing activities?

2. What amount should Reve report as net cash provided by financing activities?

 

Reference no: EM131876251

Questions Cloud

What is the amount of goodwill resulting from the business : the property and equipment (net) had a fair value of $380,000. What is the amount of goodwill resulting from the business combination?
What amount should lino include as net cash : What amount should Lino include as net cash provided by operating activities in the statement of cash flows?
Why is google a good company to work for : Why is Google a good company to work for and discuss the company's culture and what is its ethical behavior as well as does it have positive culture.
Devise a sequence to recursively examine all ordinary files : Devise a sequence to recursively examine all ordinary files in the current directory and display their total space usage.
What amount should reve report as net cash used : What amount should Reve report as net cash used in investing activities - What amount should Reve report as net cash provided by financing activities?
How can you generate a list of such files : The tar command on one system can't accept absolute pathnames longer than 100 characters. How can you generate a list of such files?
Devise sequence to display total size of all ordinary files : Devise a sequence to display the total size of all ordinary files in the current directory. Calculate from empn.lst the average pay and store it in a variable.
How does a company ensure that code of ethics is integrated : How does a company ensure that its code of ethics is integrated into the daily decision-making process of the company .
What potential concerns would you raise to the board : What potential concerns would you raise to the board about interpreting your findings from b) as the Average Treatment Effect of the program?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare general journal entries for bronson ltd

Prepare general journal entries for Bronson Ltd for Machines A and B during the period from 1 January 2015 to 30 June 2015.

  Current manufacturing plan and the proposed plan

SolarFlex is a small but very innovative manufacturer of cutting-edge solar panels. A significant portion of the company's success is due to technologically superior product design. Compute the contribution margin per unit and the breakeven point in ..

  Expand capacity by purchasing equipment

Phillips Refining plans to expand capacity by purchasing equipment that will provide additional smelting capacity. The cost of the initial investment is expected to increase by $3.8 million per year after the expansion. If the company's MARR is 18% p..

  Prepare an income statement for the current year

Determine the cost of the finished goods inventory of light-gauge aluminum and prepare an income statement for the current year ended December 31

  Prepare journal entries to record the given transactions

Prepare journal entries to record these transactions. Prepare the stockholders' equity section of Kraft's balance sheet as it would appear on August 31, 2014.

  Calculate the net cash flow from investing activities

The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2018 and December 31, 2018:  Calculate the net cash flow from investing activities for 2018.

  What is the non-controlling interests share

Edwin Co. owned 70% of the voting common stock of Frank Co. During 2010, Frank made frequent sales of inventory to Edwin. There were unrealized gains of $40,000 in the beginning inventory and $25,000 of unrealized gains at the end of the year. Frank ..

  What total amount should olmsted company report

Olmsted Company has the following items: common stock, $900,000; treasury stock, $105,000; deferred taxes, $125,000 and retained earnings, $454,000. What total amount should Olmsted Company report as stockholders' equity?

  Common stockholders will receive dividend

A corporation has 10,000 shares of 6% $50 par value cumulative preferred stock and fifty thousand shares of $4 par value common stock outstanding last year no dividends were paid this year the board of directors decided to pay a dividend of $80,000 t..

  How external financial audit can assist to find fraud

"Corporate Malfeasance" Please respond to the following: Evaluate the difficulties companies are faced in implementing a control framework against fraud under Sarbanes-Oxley (SOX). In your evaluation, discuss how the external financial audit can a..

  Anaylis shows an unfavorable materials price varience

If an anaylis shows an unfavorable materials price varience of $22,000, the journal entry to record the purchase of direct materials and the related price varience would include: a debit to the accounts payable for $22,000. a debit for $22,000 to mat..

  Develop an additional ethical compliance strategy

Develop an additional ethical compliance strategy that addresses the client’s estate tax and the interest and penalty that will accrue if he does not make timely payments of tax. Acknowledge appropriate tax case law and statutes. Consider quantifying..

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