Homework Answers
Q20. Transaction involving external sources of funding.
Q21. Issuing common stock to stockholders.
Q22. Paying dividend to stockholders.
Explanation: Financing activities are the activities that are not in operating and investing nature. Financial activities are which used to borrow the fund and releasing the fund for borrowing.
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ỢUESTION 20 Financing activities include: Primary operations such as selling goods to customers. Transactions with company...
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
a) Cash Recivied from customers. - Financing Activities - Operating Activities - Investing Activites b) Cash...
a) Cash Recivied from customers. - Financing Activities - Operating Activities - Investing Activites b) Cash paid to stockholders (dividends). - Financing Activities - Operating Activities - Investing Activites c) Cash received from issuing new common stock. - Financing Activities - Operating Activities - Investing Activites d) Cash Paid to suppliers. - Financing Activities - Operating Activities - Investing Activites e) Cash paid to purchase a new office building. - Financing Activities - Operating Activities - Investing Activites
Financing activities include: Select one O a. The purchase and sale of long-term assets. o b....
Financing activities include: Select one O a. The purchase and sale of long-term assets. o b. Take a loan from the bank O c. Primary operations such as selling goods to customers d. Pay salary to employees
TRUE/FALSE. Write 'T' if the statement is true il 1) Financing activities are transactions involving external...
TRUE/FALSE. Write 'T' if the statement is true il 1) Financing activities are transactions involving external sources of funding. 2) Expense accounts increase with a debit and decrease with a credit 3) Purchasing equipment using cash causes assets to increase 4) Liability accounts increase with a debit and decrease with a credit 6) 5) Borrowing cash from the bank causes assets to increase and liabilities to increase 6) Amounts owed to suppliers, employees, the government in the form of taxes,...
. Which of the following would be classified as operating activities? Paying suppliers for supplies Paying...
. Which of the following would be classified as operating activities? Paying suppliers for supplies Paying employees their salaries Borrowing money from a bank Providing services to customers for cash Paying dividends to shareholders Purchasing equipment Paying a utility bill Issuing stock to shareholders for cash Purchasing land Paying back a loan
Question 8 Which of the following statements is false? Financing activities in a cash flow statement...
Question 8 Which of the following statements is false? Financing activities in a cash flow statement include obtaining resources from owners and creditors and repaying amounts borrowed. The statement of cash flows reports the cash receipts and cash payments of an entity over a period of time. The operating activities in a cash flow statement include transactions which affect the sale and the purchase or production of goods and services. The statement of cash flows is similar to the income...
The following transactions pertain to the operations of Ewing Company for 2018: 1. Acquired $30,000 cash...
The following transactions pertain to the operations of Ewing Company for 2018: 1. Acquired $30,000 cash from the issue of common stock. 2. Provided $65,000 of services on account. 3. Paid $22.000 cash on accounts payable. 4. Performed services for $8,000 cash. 5. Collected $51,000 cash from accounts receivable. 6. Incurred $37,000 of operating expenses on account 7. Paid $6,500 cash for one year's rent in advance 8. Paid a $4.000 cash dividend to the stockholders 9. Paid $1,200 cash...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used...
QUESTTON 15 Cash flows from financing activities include O Interest received O Interest paid O Dividends...
QUESTTON 15 Cash flows from financing activities include O Interest received O Interest paid O Dividends received. Cash dividends paid QUESTION 16 Cash flows from investing activities do not include cash flows from Lending O The sale of equipment. @ Borrowing O The purchase of land and buildings QUESTION 17 Cash flows from investing activities do not include O Proceeds from the sale of land O Proceeds from the issuance of common stock O Proceeds from the sale of marketable...
Compute bet cash flows from operating activities, investing activites, and financing activities. Compute cash balance on...
Compute bet cash flows from operating activities, investing
activites, and financing activities. Compute cash balance on Dec.
31st, 2018
Data for next 4 questions: At Wilma Service Company, the balance of cash account on January 15, 2018 was $5,000. The following transactions are for year 2018: 1. Issued $25,000 of common stock for cash. 2. Paid wages expense of $12,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid cash dividend of $2,000. 5....
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
Financing activities include: Select one O a. The purchase and sale of long-term assets. o b. Take a loan from the bank O c. Primary operations such as selling goods to customers d. Pay salary to employees
TRUE/FALSE. Write 'T' if the statement is true il 1) Financing activities are transactions involving external sources of funding. 2) Expense accounts increase with a debit and decrease with a credit 3) Purchasing equipment using cash causes assets to increase 4) Liability accounts increase with a debit and decrease with a credit 6) 5) Borrowing cash from the bank causes assets to increase and liabilities to increase 6) Amounts owed to suppliers, employees, the government in the form of taxes,...
. Which of the following would be classified as operating activities? Paying suppliers for supplies Paying employees their salaries Borrowing money from a bank Providing services to customers for cash Paying dividends to shareholders Purchasing equipment Paying a utility bill Issuing stock to shareholders for cash Purchasing land Paying back a loan
The following transactions pertain to the operations of Ewing Company for 2018: 1. Acquired $30,000 cash from the issue of common stock. 2. Provided $65,000 of services on account. 3. Paid $22.000 cash on accounts payable. 4. Performed services for $8,000 cash. 5. Collected $51,000 cash from accounts receivable. 6. Incurred $37,000 of operating expenses on account 7. Paid $6,500 cash for one year's rent in advance 8. Paid a $4.000 cash dividend to the stockholders 9. Paid $1,200 cash...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used...
QUESTTON 15 Cash flows from financing activities include O Interest received O Interest paid O Dividends received. Cash dividends paid QUESTION 16 Cash flows from investing activities do not include cash flows from Lending O The sale of equipment. @ Borrowing O The purchase of land and buildings QUESTION 17 Cash flows from investing activities do not include O Proceeds from the sale of land O Proceeds from the issuance of common stock O Proceeds from the sale of marketable...
Compute bet cash flows from operating activities, investing
activites, and financing activities. Compute cash balance on Dec.
31st, 2018
Data for next 4 questions: At Wilma Service Company, the balance of cash account on January 15, 2018 was $5,000. The following transactions are for year 2018: 1. Issued $25,000 of common stock for cash. 2. Paid wages expense of $12,000. 3. Acquired land by issuing common stock of par value $50,000. 4. Declared and paid cash dividend of $2,000. 5....
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