What is the net impact of these transactions on cash

Assignment Help Financial Accounting
Reference no: EM13912223

Pugh Stump Rail Supply Inc. had the following transactions during 2015:

Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank.

Raised $100,000 from selling new shares of stock to investors. The cash was used to buy land to grow tulips.

Sold an old building for $50,000 (and suffered a loss on sale of $5,000) and used the cash to buy a new truck.

What is the net impact of these transactions on Pugh's Cash from Financing Activities during 2015?

$150,000

$250,000

$300,000

$100,000

$350,000

Reference no: EM13912223

Questions Cloud

What was doukens ebitda : During 2015, Douken Export Co. had Revenue of $1000, Depreciation and Amortization Expense of $100, Interest Expense of $100, and Tax Expense of $50. All other Expenses were $400. What was Douken’s EBITDA for 2015?
Determine tax treatment : Monty loaned his friend Ned $13,000 three years ago. Ned signed a note and made payments on the loan. Last year, when the remaining balance was $9,100, Ned filed for bankruptcy and notified Monty that he would be unable to pay the balance on the loan..
Summary of the observations : Small pieces of silver, copper , and magnesium are placed in solutions that contain one of the following ions: Ag+, Cu 2+, Mg 2+. The metal, solution, combinations tested are summarized in the following table any reaction that occurred followed th..
Which would be considered a current asset : Which of the following would be considered a current asset?
What is the net impact of these transactions on cash : Pugh Stump Rail Supply Inc. had the following transactions during 2015: What is the net impact of these transactions on Pugh's Cash from Financing Activities during 2015?
Calculate retained earnings : Calculate retained earnings. From the following data, calculate the retained earnings balance as of December 31, 2012:
Calculate bay area cycles per unit variable expense : Current operating income for Bay Area Cycles Co. is $70,000. Selling price per unit is $100, the contribution margin ratio is 35%, and fixed expense is $280,000.
Considered a current asset : Which of the following would be considered a current asset?
Hydrochloric acid of concentration : What is the concentration of a solution of sodium hydroxide, 25.0 cm3 of which requires 20.0 cm3 of hydrochloric acid of concentration 0.100mol/dm3 for neutralization?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Equipment that cost-disposal under the assumptions

Vermeer's has equipment that cost $40,000 and that has been depreciated $29,000. Record the disposal under the following assumptions.

  Break-even point and other financial measures

Harley-Davidson, Inc. has made some remarkable changes as related in the attached article. From a perspective of management accounting, what do you believe were their most important changes? What would be the impact, if any, on their break-even point..

  What amount of income is credited to west capital account

Their partnership agreement calls for a 5% interest allowance on the partner's capital balances with the remaining income or loss to be allocated equally. If the partnership reports income of $174,000 for its first year, what amount of income is ..

  What is the difference between us gaap and ifrs

a. What activities are included in the statement of cash flows under the section entitled "Cash flows from financing activities"? What is the difference between U.S. GAAP and IFRS with regard to the correction of accounting errors?

  Comparing least-squares regression to high-low estimation1

comparing least-squares regression to high-low estimation.1. an object to which costs are assigned is calleda.a value

  Illustrate what is the amount of his estate tax due

The real estate is subject to a $1,700,000 mortgage and Nathan made taxable gifts in 2005 totaling $2 million at which time he claimed the maximum unified credit of $345,800 and paid gift tax of $435,000. Illustrate what is the amount of his estat..

  Basic npv with salvage value

Schaefer Organic Farms purchased a new tractor at a cost of $80,000. Annual operating cash inflows are expected to be $30,000 each year for four years. At the end of the tractor's useful life, the salvage value of the tractor is expected to be $5,000..

  Analyzing the strength and weakness from ratiosthe balance

analyzing the strength and weakness from ratios.the balance sheet for verne general partnership appears below. based

  Implication of the revenue recognition accounting policy

What is the implication of the revenue recognition accounting policy on trade debtors and disbursements and work in progress account balance?

  What is the operational cash flow

What are the differences in the cash flow concepts and procedures between the direct and indirect methods and what is the operational cash flow?

  1 describe the home depot business model why didnt this

1. describe the home depot business model. why didnt this business model work in china?2. describe some of the

  Calculate the amount paid to purchase property

Assume that cost of sales represents only the cost of inventory that is sold to customers and that accounts payable represents only amounts payable to suppliers of inventory.  Calculate the amount of cash paid to suppliers during 2011.

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