Homework Answers
| 12. Issue common stock | Yes | F |
| 13. Purchased building and land | Yes | I |
| 14. Provide services to customers on account | No | N |
| 15. Paid utilities used in the manufacturing plant | Yes | O |
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Use the following to answer questions 12 – 15 Transaction Cash involved? (Yes or No) Type...
Use the following to answer questions 12-15 Transaction Cash involved? (Yes or No) Type of CASH...
Use the following to answer questions 12-15 Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter ,,F,N) 12. Paid dividends to stockholders 13. 14. Paid interest on the loan Provided services to customers on account Paid for equipment purchased for the company 15. 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 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...
please show work Use the following to answer questions 12-15 Cashimo Typ v CASH FLOW ing....
please show work
Use the following to answer questions 12-15 Cashimo Typ v CASH FLOW ing. Facing, Transaction the 14 vided services to customers 15 Prophed or the 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. tion Acash used for payment of employee salaries Cash provided for sale of equipment that had been used in operations Cash used for purchase of office supplies D...
For each transaction identify the appropriate section in the statement of cash flows reports transaction to...
For
each transaction identify the appropriate section in the statement
of cash flows reports transaction to choosing cash flows from
operating activities (o) cash flow from investing activities (I)
cash flowfrom financing activities (f) or it is not on the
statement of cash flows (x)
*** Section on the Positive (+) or negative (-) cash flow statement of cash flows Transaction The business received cash from the owner in exchange for a. capital. b. Paid cash on accounts payable for...
Use the following to answer questions 26 - 32 Below is a summary of all transactions...
Use the following to answer questions 26 - 32 Below is a summary of all transactions of KEV Consulting for the month of October. Cash transactions Cash collections from Sale of unused office furniture $40,000 Borrowing from bank 150.000 Customers 777,000 Cash payments for Employee salaries 555.000 Dividends to stockholders 75.000 Adhertising expense 135.000 Utilities expense Purchased office equipment office supplies 2.000 Noncash Transactions Issue note payable for equipment S350,000 Services to customers around 15. Purchase office equipment on account...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
the her place in the a PL chance s cathed the Operating Activity Cash Flow Classification...
the her place in the a PL chance s cathed the Operating Activity Cash Flow Classification wing anong Noncash Activity Activity Transaction increase Transaction 1. Pada cash dividend 22 Decreased accounts Increased inventory incurred a neto 5. Dedared and issued 6. R ed long terdebt Said available for sale Chapt ers Cash Flow Clasfication Operating Investing Financing Activity Activity Activity North Transaction 9. Decreased prepaid 10 Purchased treasury stock with cash 11 Retired a fully depreciated truck no gain or...
6. Categorizing cash flows Aa Aa E In addition to recognizing what type of activity transactions...
6. Categorizing cash flows Aa Aa E In addition to recognizing what type of activity transactions are being described, it is important to recognize whether a transaction involves a source or use of cash, or whether it should be classified as an operating, investing, or financing cash flow. In the following table, determine whether each transaction should be classified as generating a cash inflow (source of funds) or outflow (use of cash), and whether it should be recorded as an...
Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides...
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 Cash used for payment of employee salaries Cash provided from sale of equipment that had been used in operations Cash used for purchase of office supplies Cash used for purchase of office equipment Cash used to pay office utilities Cash used for payment of office rent $345.000 125,000 2,000 300,000 6,000 12,000...
Use the following to answer questions 12-15 Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter ,,F,N) 12. Paid dividends to stockholders 13. 14. Paid interest on the loan Provided services to customers on account Paid for equipment purchased for the company 15. 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 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...
please show work
Use the following to answer questions 12-15 Cashimo Typ v CASH FLOW ing. Facing, Transaction the 14 vided services to customers 15 Prophed or the 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. tion Acash used for payment of employee salaries Cash provided for sale of equipment that had been used in operations Cash used for purchase of office supplies D...
For
each transaction identify the appropriate section in the statement
of cash flows reports transaction to choosing cash flows from
operating activities (o) cash flow from investing activities (I)
cash flowfrom financing activities (f) or it is not on the
statement of cash flows (x)
*** Section on the Positive (+) or negative (-) cash flow statement of cash flows Transaction The business received cash from the owner in exchange for a. capital. b. Paid cash on accounts payable for...
Use the following to answer questions 26 - 32 Below is a summary of all transactions of KEV Consulting for the month of October. Cash transactions Cash collections from Sale of unused office furniture $40,000 Borrowing from bank 150.000 Customers 777,000 Cash payments for Employee salaries 555.000 Dividends to stockholders 75.000 Adhertising expense 135.000 Utilities expense Purchased office equipment office supplies 2.000 Noncash Transactions Issue note payable for equipment S350,000 Services to customers around 15. Purchase office equipment on account...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
the her place in the a PL chance s cathed the Operating Activity Cash Flow Classification wing anong Noncash Activity Activity Transaction increase Transaction 1. Pada cash dividend 22 Decreased accounts Increased inventory incurred a neto 5. Dedared and issued 6. R ed long terdebt Said available for sale Chapt ers Cash Flow Clasfication Operating Investing Financing Activity Activity Activity North Transaction 9. Decreased prepaid 10 Purchased treasury stock with cash 11 Retired a fully depreciated truck no gain or...
6. Categorizing cash flows Aa Aa E In addition to recognizing what type of activity transactions are being described, it is important to recognize whether a transaction involves a source or use of cash, or whether it should be classified as an operating, investing, or financing cash flow. In the following table, determine whether each transaction should be classified as generating a cash inflow (source of funds) or outflow (use of cash), and whether it should be recorded as an...
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 Cash used for payment of employee salaries Cash provided from sale of equipment that had been used in operations Cash used for purchase of office supplies Cash used for purchase of office equipment Cash used to pay office utilities Cash used for payment of office rent $345.000 125,000 2,000 300,000 6,000 12,000...
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