Business, 02.04.2021 19:50 magicalforlife

Sheridan Corporation had the following activities in 2020. 1. Sale of land $172,000
2. Purchase of inventory $870,000
3. Purchase of treasury stock $73,000
4. Purchase of equipment $394,000
5. Issuance of common stock $321,000
6. Purchase of available-for-sale debt securities $57,000
Compute the amount Sheridan should report as net cash provided (used) by investing activities in its 2020 statement of cash flows. (Show amounts that decrease cash flow with either a - sign e. g. -15,000 or in parenthesis e. g. (15,000).)

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 18:00

You want to make an investment in a continuously compounding account over a period of two years. what interest rate is required for your investment to double in that time period? round the logarithm value and the answer to the nearest tenth.

Answers: 3

Answer

Business, 21.06.2019 19:30

Consider the following ethical argument. which of the three statements represents the moral statement about a moral principle? statement 1: a dealership advertised a car at a very low price, but only had a similar higher priced model in stock. statement 2: it is wrong to perform a bait and switch. statement 3: the dealership was wrong to advertise the car on special sale when in actually it was not available.

Answers: 3

Answer

Business, 22.06.2019 14:50

Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)

Answers: 2

Answer

Business, 22.06.2019 19:50

The common stock and debt of northern sludge are valued at $65 million and $35 million, respectively. investors currently require a return of 15.9% on the common stock and a return of 7.8% on the debt. if northern sludge issues an additional $14 million of common stock and uses this money to retire debt, what happens to the expected return on the stock? assume that the change in capital structure does not affect the interest rate on northern’s debt and that there are no taxes.

Answers: 2

Answer

You know the right answer?

Sheridan Corporation had the following activities in 2020. 1. Sale of land $172,000
2. Purch...

Questions