Homework Answers
Ans:
|
Transactions |
Classification |
|
1.Paying Suppliers for supplies |
Operating Activity |
|
2.Paying employees their salaries |
Operating Activity |
|
3.Providing services to customers for cash |
Operating Activity |
|
4.paying utility bill |
Operating Activity |
Add Answer to:
. Which of the following would be classified as operating activities? Paying suppliers for supplies Paying...
select all that applies Which of the following would be classified as financing activities? Paying suppliers...
select all that applies
Which of the following would be classified as financing activities? Paying suppliers for supplies Paying employees their salaries Paying dividends to shareholders Paying rent Issuing stock to shareholders for cash Providing services to customers for cash Borrowing money from a bank Purchasing equipment Paying back a loan Purchasing land TEEN
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money...
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money from a bank Providing services to customers on account Paying dividends to shareholders - Purchasing equipment Issuing stock to shareholders for cash Purchasing land
Question 1 Which of the following would be classified as an operating activity on a statement...
Question 1 Which of the following would be classified as an operating activity on a statement of cash flows? Collections from customers Receipt of loan repayments Issuing stock Repayment of amounts borrowed Issuing bonds 1 points Question 2 Which of the following transactions increase cash? 1. Sales of goods and services for cash 2. Receiving cash dividends 3. Collection of accounts receivable 4. Reclassifying long-term debt to short-term debt 5. Accruing interest revenue 1 and 2 1 and 3 1,...
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services...
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services receiving cash. Given answer: Ali company provides consulting service and receives 1,000 cash. Cash. 1,000 Consulting Revenue. 1,000 2-Issuing common stocks receiving cash. 3-Purchasing land for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying employees their salaries. Q2- Why do companies record adjusting journal entries at the end of the accounting periods? Give an example of unearned revenue and accrued expense....
Which one of the following is NOT classified as operating activities on statement of cash flows?...
Which one of the following is NOT classified as operating activities on statement of cash flows? a.Payment of employee salaries b.Payment of cash dividends to shareholders. c.Payment of interest on notes payable. d.Cash interest received from notes receivable.
1-2 • Identify each of the following activities as a financing (F), investing ( or operating...
1-2 • Identify each of the following activities as a financing (F), investing ( or operating (O) activity. a. Selling hay to a neighbor. b. Borrowing money for Operating Expenses from Farm Credit Services. c. Paying the vet bill. d. Paying back part of the money borrowed from Farm Credit Services, e. The farm owner decides to use a personal computer for farm record keeping f. Spending money from sale of grain to pay off personal credit cards. g. A...
ỢUESTION 20 Financing activities include: Primary operations such as selling goods to customers. Transactions with company...
ỢUESTION 20 Financing activities include: Primary operations such as selling goods to customers. Transactions with company employees. Transactions involving external sources of funding. The purchase and sale of long-term assets. QUESTION 21 Financing activities include: The purchase of a building. Issuing common stock to stockholders. Transactions with company employees Selling goods or services to customers. QUESTION 22 Financing cash flows in the statement of cash flows would include which of the following? Paying salaries for the month. Purchase of land....
Which of the following is classified as a cash flow from operating activities in a statement...
Which of the following is classified as a cash flow from operating activities in a statement of cash flows? Payment of dividends Receipt of dividends Receipt of cash for loan collection Payment of cash for loan repayment None of the above
Provide an example of each title here and then record the journal entries. Following the first...
Provide an example of each title here and then record the journal entries. Following the first given answer. 1-Providing consulting services receiving cash. Given answer: Aziz company provides consulting service and receives 1,000 cash. Cash. 1,000 Consulting Revenue. 1,000 2-Investment by an owner. 3-Purchasing equipment for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying investors their shares of dividends.
Does anyone know how to fix these mistakes? Operating Activities Net Cash Used by Operating Activities...
Does anyone know how to fix these mistakes?
Operating Activities Net Cash Used by Operating Activities V $ 50200 Investing Activities Purchase of Equipment -25000 Net Cash Provided by Investing Activities 25000 Financing Activities issue of Common Shares 51000 Borrowing of Bank Loan 55000 Payment of Dividend -1000 "Net Cash Provided by Financing Activities Equipment 25000 Total Assets $ 160700 Liabilities Bank Loan Payable $ 55000 Accounts Payable 2500 Total Liabilities 57500 Common Shares 51000 Net profit less dividend 52200...
select all that applies
Which of the following would be classified as financing activities? Paying suppliers for supplies Paying employees their salaries Paying dividends to shareholders Paying rent Issuing stock to shareholders for cash Providing services to customers for cash Borrowing money from a bank Purchasing equipment Paying back a loan Purchasing land TEEN
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money from a bank Providing services to customers on account Paying dividends to shareholders - Purchasing equipment Issuing stock to shareholders for cash Purchasing land
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services receiving cash. Given answer: Ali company provides consulting service and receives 1,000 cash. Cash. 1,000 Consulting Revenue. 1,000 2-Issuing common stocks receiving cash. 3-Purchasing land for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying employees their salaries. Q2- Why do companies record adjusting journal entries at the end of the accounting periods? Give an example of unearned revenue and accrued expense....
1-2 • Identify each of the following activities as a financing (F), investing ( or operating (O) activity. a. Selling hay to a neighbor. b. Borrowing money for Operating Expenses from Farm Credit Services. c. Paying the vet bill. d. Paying back part of the money borrowed from Farm Credit Services, e. The farm owner decides to use a personal computer for farm record keeping f. Spending money from sale of grain to pay off personal credit cards. g. A...
ỢUESTION 20 Financing activities include: Primary operations such as selling goods to customers. Transactions with company employees. Transactions involving external sources of funding. The purchase and sale of long-term assets. QUESTION 21 Financing activities include: The purchase of a building. Issuing common stock to stockholders. Transactions with company employees Selling goods or services to customers. QUESTION 22 Financing cash flows in the statement of cash flows would include which of the following? Paying salaries for the month. Purchase of land....
Does anyone know how to fix these mistakes?
Operating Activities Net Cash Used by Operating Activities V $ 50200 Investing Activities Purchase of Equipment -25000 Net Cash Provided by Investing Activities 25000 Financing Activities issue of Common Shares 51000 Borrowing of Bank Loan 55000 Payment of Dividend -1000 "Net Cash Provided by Financing Activities Equipment 25000 Total Assets $ 160700 Liabilities Bank Loan Payable $ 55000 Accounts Payable 2500 Total Liabilities 57500 Common Shares 51000 Net profit less dividend 52200...
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