Use the following information for questions:
Jamison cops balance sheet accounts as of dec. 31 2015 and 2014 in info relating to 2015 activities:
Assets 2015 / 1014
cash 440,000 / 200,000
short-term investments 600,000 / 0
Accounts receivable (net) 1,020,000/ 1,020,000
Inventory 1,380,000 / 1,200,000
Long-term investments 400,000 / 600,000
Plant assets 3,400,000 / 2,000,000
Acc. Dep. (900,000) / (900,000)
Patent 180,000 / 200,000
Total assets 6,520,000 / 4,320,000
Liabilities and Stockholder's Equity
Accounts Payable 1,660,000 / 1,440,000
Notes payable (nontrade) 580,000 / 0
Common Stock, $10 par 1,600,000 / 1,400,000
Add. pain-in capital 800,000 / 500,000
Retained earnings 1,880,000 / 980,000
Total liabilities and stockholders equity 6,520,000 / 4,320,000
Information relating to 2015:
Net income $1,300,000
cash dividends declared and paid $400,000
equipment costing $1,000,000 with carrying value of $320,000 sold for $360,000
Long term investment sold for $320,000
20,000 shares of common stock were issued for $25/share
short-term investments consist of treasury bills maturing on 60/30/16
Questions:
1) Net cash provided by jamison operating activities was?
2) Net cash used in Jamison's investing activities was?
3)Net cash provided by jamison financing activities was?
Use the following information:
Smiley corp's transactions for the year ending Dec. 31 2015:
Purchased real estate for $625,000 cash borrowed from a bank
Sold available-for-sale securities for $500,000
Paid dividends of $600,000
Issued 500 shares of common stock for $250,000
paid $450,000 towards a bank loan
purchased machinery and equipment for $125,000
Reduced accounts receivable by $100,000
Increased accounts payable $200,000
4) Smiley's net cash used in investing activities for 2015 was?
5) Smiley's net cash used in financing activities for 2015 was?
Use the following information:
Peavy corp's transactions for the year ending Dec. 31 2015 including the following
Acquired 50% of Gant corp's common stock for $200,000 cash which was borrowed from a bank
Issued 5,000 shares of its preferred stock for land having fair value of $320,000
Issued 500 of its 11% debenture bonds due 2020 for $392,000 cash
Purchased a patent for $220,000 cash
Paid $120,000 toward a bank loan
Sold available-for-sale securities for $796,000
Had a net increase in returnable customer deposits (long-term) of $88,000
6) Peavy's net cash provided by investing activities for 2015 was?
7) Peavy's net cash provided by financing activities for 2015 was?