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$4,000,000 Proceeds from issuance of preferred stock
400,000 Dividends paid on preferred stock F
2,000,000 Bonds payable converted to common stock
500,000 Payment for purchase of machinery
1,200,000 Proceeds from sale of plant building
300,000 2% stock dividend on common stock
200,000 Gain on sale of plant building
The net cash flows from investing and financing activities that should be presented on
Oak's statement of cash flows for the year ended December31 are, respectively,
A. $700,000 and $3,600,000.
B. $700,000 and $3,300,000.
C. $900,000 and $3,900,000.
D. $900,000 and $3,600,000.
The answer is Option A. $, and $3,,.
cash inflow from investment activities =1,200,000-500,000 =700,000
cash inflow from financing activities =4,000 -400 =3,600
Correct answer is A. $700,000 and $3,600,000.
Notes: 2,000,000 Bonds payable converted to common stock (A non cash transaction will not be considered in calculation of financing activities although will be disclosed as note ( footnotes)
300,0002% stock dividend on common stock has no effect (non- cash)
200,000 Gain on sale of plant building is already counted (subtracted from net income (operation section)
(A) is the Correct Ans.
Operating -700,000
Financing -3,600,000
هل تحتاج لمساعدة في كتابة سيرة ذاتية تحتوي على الكلمات الدلالية التي يبحث عنها أصحاب العمل؟