Homework Answers
| Answer | |||
| Activity | |||
| 1) | Cash Received from Interest Revenue | Investing Activity | It is classified under Investing Activity because interest recd on Investment |
| 2) | Cash Paid(loaned) to a borrower as a loan | Expenses | It is not classified under Investing Activity because interest paid borrower against loan recd. |
| 3) | Cash Received from Dividend Revenue | Investing Activity | It is classified under Investing Activity because Dividend received on shares. |
| 4) | Cash Paid to reaquire capital stock | It is classified under Investing Activity because New investment made in capital stock |
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Question 8 Which of the following activities would be classified as an investing activity? 1) Cash...
7. Which of the following would be classified as a financing activity on a statement of...
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
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,...
QUESTION 23 In the statement of cash flows, investing cash flows would include purchases of inventory...
QUESTION 23 In the statement of cash flows, investing cash flows would include purchases of inventory purchases of equipment payment of cash dividends O issuance of bonds QUESTION 24 Which of the following cash flows would NOT be included as a financing activity in the statement of cash flows? O Cash received from the issuance of common stock O Cash paid to a lender for a reduction of the principal of an existing loan O Cash paid to a lender...
QUESTION 23 Which of the following would be classified as a financing activity on a statement...
QUESTION 23 Which of the following would be classified as a financing activity on a statement of cash flows? Declaration and distribution of a stock dividend Sale of equipment O Payment of interest to a creditor Payment of a bond payable QUESTION 24 Net cash flow from operating activities for 2021 for Light Corporation was $990,000. The following items are reported on the financial statements for 2021: Depreciation and amortization Cash dividends paid on common stock $ 60,000 36,000 Increase...
Which of the following would appear in the investing activities section of the statement of cash...
Which of the following would appear in the investing
activities section of the statement of cash flows?
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Classify each of the following events as an Operating Activity (OA), Investing Activity (1A), Financing Activity...
Classify each of the following events as an Operating Activity (OA), Investing Activity (1A), Financing Activity (FA), or not applicable (NA) on the statement of cash flows: (1) Perfomed services for $25,000 cash (2) Purchased land for $9,000 cash (3) Received $100,000 from the issuance of common stock (4) Paid $14,000 cash for salary expense (5) Sold land for $8,000 cash (6) Earned $25,000 of service revenue on account (7) Paid a $3,500 cash dividend (8) Collected $14,000 of the...
A firm's cash flows from investing activities include: A) Cash received from the sale of a...
A firm's cash flows from investing activities include: A) Cash received from the sale of a plant asset B) Cash paid as dividends C) Cash received from the rendering of services to customers D) Cash paid to retire bonds payable 3. A firm's cash flow from financing activities includes: A) Cash paid to reacquire treasury stock B) Cash paid for merchandise purchased C) Cash received from sale of investment in bonds D) Cash received as interest income 4 Nacho Company...
Which of the following is a noncash investing and financing activity? payment of a cash dividend...
Which of the following is a noncash investing and financing activity? payment of a cash dividend payment of a six-month note payable purchase of merchandise inventory on account d i nce of common stock to acquire Land 10. A company purchases equipement for $32,000 cash. This transaction should be shown on the statement of cash flows under a investing activities h financing activities C oncach investing and financing activities d. operating activities 11. Cash flow per share is a required...
> Question 1 0.2 pts Which of the following transactions is an investing activity that would...
> Question 1 0.2 pts Which of the following transactions is an investing activity that would affect the statement of cash flows? Purchasing equipment by signing a loan. Purchasing equipment with a credit card. O Purchasing equipment on account. O Purchasing equipment with a check. Question 2 0.2 pts The indirect method of the Statement of Cash flows: O will show net income as the first item in the operating activity section. will show where cash came from and went...
Which of the following is reported as an investing activity in the statement of cash flows?...
Which of the following is reported as an investing activity in the statement of cash flows? Multiple Choice The receipt of dividend revenue. The payment of cash dividends. The sale of machinery. The payment of interest on bonds. A firm reported salaries expense of $244,000 for the current year. The beginning and ending balances in salaries payable were $42,000 and $12,000, respectively. What was the amount of cash paid for salaries? Multiple Choice $244,000. $274,000. $298,000. $214,000. Cash flows from...
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
QUESTION 23 In the statement of cash flows, investing cash flows would include purchases of inventory purchases of equipment payment of cash dividends O issuance of bonds QUESTION 24 Which of the following cash flows would NOT be included as a financing activity in the statement of cash flows? O Cash received from the issuance of common stock O Cash paid to a lender for a reduction of the principal of an existing loan O Cash paid to a lender...
QUESTION 23 Which of the following would be classified as a financing activity on a statement of cash flows? Declaration and distribution of a stock dividend Sale of equipment O Payment of interest to a creditor Payment of a bond payable QUESTION 24 Net cash flow from operating activities for 2021 for Light Corporation was $990,000. The following items are reported on the financial statements for 2021: Depreciation and amortization Cash dividends paid on common stock $ 60,000 36,000 Increase...
Which of the following would appear in the investing
activities section of the statement of cash flows?
Which of the following would appear in the investing activities section of the statement of cash flows? Multiple Choice Cash inflow from interest revenue Cash outflow for the purchase of land Cash outflow for the purchase of supplies Cash inflow from issuance of common stock
Classify each of the following events as an Operating Activity (OA), Investing Activity (1A), Financing Activity (FA), or not applicable (NA) on the statement of cash flows: (1) Perfomed services for $25,000 cash (2) Purchased land for $9,000 cash (3) Received $100,000 from the issuance of common stock (4) Paid $14,000 cash for salary expense (5) Sold land for $8,000 cash (6) Earned $25,000 of service revenue on account (7) Paid a $3,500 cash dividend (8) Collected $14,000 of the...
A firm's cash flows from investing activities include: A) Cash received from the sale of a plant asset B) Cash paid as dividends C) Cash received from the rendering of services to customers D) Cash paid to retire bonds payable 3. A firm's cash flow from financing activities includes: A) Cash paid to reacquire treasury stock B) Cash paid for merchandise purchased C) Cash received from sale of investment in bonds D) Cash received as interest income 4 Nacho Company...
Which of the following is a noncash investing and financing activity? payment of a cash dividend payment of a six-month note payable purchase of merchandise inventory on account d i nce of common stock to acquire Land 10. A company purchases equipement for $32,000 cash. This transaction should be shown on the statement of cash flows under a investing activities h financing activities C oncach investing and financing activities d. operating activities 11. Cash flow per share is a required...
> Question 1 0.2 pts Which of the following transactions is an investing activity that would affect the statement of cash flows? Purchasing equipment by signing a loan. Purchasing equipment with a credit card. O Purchasing equipment on account. O Purchasing equipment with a check. Question 2 0.2 pts The indirect method of the Statement of Cash flows: O will show net income as the first item in the operating activity section. will show where cash came from and went...
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