Purchase Solution

Change in cash due to financing activities

Not what you're looking for?

Ask Custom Question

You are an accountant at evergreen, inc., and your boss has asked you to prepare the company's statement of cash flows for an upcoming shareholders' meeting. He gave you the company's 2009 comparative balance sheet (see attachment)

Calculate the Change in cash due to financing activities =$

**** Note the change in retained earnings was due to net income of $55000 and payments of $7000 of dividends

7000 Notes payable
(20000)Bonds payable
30000 common stock
(7000) Dividends
_________________

$10000 =Calculate the Change in cash due to financing activities

Attachments
Purchase this Solution
Solution Summary

The solution explains how to calculate the change in cash due to financing activities.

Solution Preview

The change due to financing activities is
Notes Payable -7,000 as the ...

Purchase this Solution
Free BrainMass Quizzes
Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Team Development Strategies

This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.

View More Free Quizzes
Related BrainMass Solutions

  • Change in Cash due to Financing Activities

    348184 Change in Cash due to Financing Activities on Cash Flow Statement Please determine the change in cash to the Financing activities of the following cash flow statement. Please explain your answer.

  • Cash flows from financing activities

    Use the attached comparative balance sheet to calculate Penguin's cash flows from financing activities. **** Note change in retained earnings was due to net income $10000 and payment of $3000 of dividends The cash flow from financing activities is

  • Cash flows and net income

    Cash inflow or Cash outflow from the issue of stock was $. The change in common stock is 160,000-140,000=20,000. Of this $10,500 is due to the stock dividend.

  • Components of a Cash Flow Statement

    Examples of activities under the operating section include: - Cash collection due to receivables - Cash payments due to payables and inventory purchase - Other cash expenses due to operating activities b.

  • Financial Management

    As a result, the cash outflows in the investing activities have increased due to the purchase of fixed assets and the cash outflows in the operating activities have increased due to the increase in depreciation.

  • Calculate Penguin's Cash Flow: Financing & Investing Activities

    in retained earnings was due to net income of $10,000 and payment of $3,000 in dividends.

  • Balance Sheet, Income Statement, Cash Flows

    The cash from operating activity increased sharply due to change in the fair value of derivative and a slightly lower loss as compared to the year 2008. Here we can see that the company is trying to improve its financial position.

  • Cash Flow Multiple choice

    Change in accrued wages 5. Change in notes payable to banks Answer: 5 Changes in notes payable to banks is regarded as cash flows from financing activities.

  • Analyzing a Change in Return on Common Equity

    in ROCE form 2005 to 2006 is due to operating activities and how much is due to financing activities.

View More Related Solutions