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Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments $120,000 137,600 84,800 156,800 3,200 Sell patent Outflows: 97,600 Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Required: $288,000 60,800 64,000 48,000 62,400 24,000 $84,800 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments $120,000 137,600 84,800 156,800 3,200 Sell patent Outflows: 97,600 Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Required: $288,000 60,800 64,000 48,000 62,400 24,000 $84,800 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance

Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments $120,000 137,600 84,800 156,800 3,200 Sell patent Outflows: 97,600 Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Required: $288,000 60,800 64,000 48,000 62,400 24,000 $84,800 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments $120,000 137,600 84,800 156,800 3,200 Sell patent Outflows: 97,600 Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Required: $288,000 60,800 64,000 48,000 62,400 24,000 $84,800 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity
Section: Chapter Questions
Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...
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Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments $120,000 137,600 84,800 156,800 3,200 Sell patent Outflows: 97,600 Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Required: $288,000 60,800 64,000 48,000 62,400 24,000 $84,800 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance
Transcribed Image Text:Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments $120,000 137,600 84,800 156,800 3,200 Sell patent Outflows: 97,600 Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Required: $288,000 60,800 64,000 48,000 62,400 24,000 $84,800 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance
Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments $120,000 137,600 84,800 156,800 3,200 Sell patent Outflows: 97,600 Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Required: $288,000 60,800 64,000 48,000 62,400 24,000 $84,800 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance
Transcribed Image Text:Revise your calculations based the new information provided below and then answer the questions that follow. Inflows: Issue common stock Sell inventory to customers Issue notes payable Sell land Earn interest on investments $120,000 137,600 84,800 156,800 3,200 Sell patent Outflows: 97,600 Purchase equipment Purchase inventory Purchase treasury stock Repay notes payable Pay salaries Pay dividends Beginning cash Required: $288,000 60,800 64,000 48,000 62,400 24,000 $84,800 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance
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