I'm not sure which one(s) are incorrect. It just says this question was incorrect
Homework Answers
Second last item pay creditors is incorrect... Select operating activities for pay creditors that is number 2 not 1.
All answerse except 1 are correct.
The incorrect answer was pay creditors which should be selected for 2-Operating activities.
Payment to creditors is an operating cash outflow. You have by mistake selected it as financing activity.
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I'm not sure which one(s) are incorrect. It just says this
question was incorrect
Indicate whether...
just need the question in the first image answeres I'm not sure if you use the...
just need the question in the first image answeres I'm
not sure if you use the spread sheet to answer it
Excel You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment Distribute a Stock Dividend [Choose ] Investing + Non-cash investing and financing Financing - Investing - Financing + Operating - Operating + Record Bad Debt Expense Decrease in Merchandise Inventory [Choose Pay off Bonds Payable [Choose) Increase in Accounts Payable [Choose Issue Common Stock [Choose] Sale of long-term investments [Choose] Net Income [Choose)
The first image is the original question, the second one is the answer choices for the...
The first image is the original question, the second one is the
answer choices for the boxes.
Question 1 1 pts Match the section of the Cash Flow Statement with the activity it represents. Cash Flow from Operating Activities [Choose ] Cash Flow from Investing Activities [Choose] Cash Flow from Financing Activities [Choose] Question 1 1 pts Match the section of the Cash Flow Statement with the activity it represents. Cash Flow from Operating Activities ✓ [Choose ] Purchase and...
omiy ahswers recorded on your seantren will be graded swer from among those given and 1)...
omiy ahswers recorded on your seantren will be graded swer from among those given and 1) Which of the following transactions should be classified as investing statement of cash flows? Increase in accounts receivable. Sale of property, plant and equipment. Retirement of bonds payable Issuance of common stock to the shareholders. as investing activities on an entity's 2) Which of the following events will appear owing events will appear in the cash flows from financing activities section of the statement...
For each of the following items, indicate which part will be affected. 1. Depreciation Expense. A....
For each of the following items, indicate which part will be affected. 1. Depreciation Expense. A. Operating B. Investing C. Financing D. No Impact 1 2. Proceeds from the sale of equipment used in the business. A. Operating B. Investing C. Financing D. No Impact 3. The Loss on the Sale of Equipment in Question #2. A. Operating B. Investing C. Financing D. No Impact 4. Declaration and payment of dividends on company's stock A. Operating B. Investing C. Financing...
Motif Furniture designs and sells modern furniture. For each of the following first-quarter transactions, indicate whether...
Motif Furniture designs and sells modern furniture. For each of the following first-quarter transactions, indicate whether operating (O), investing (), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (-). Activity Cash Flow 1. Bought used equipment for cash 2 Paid cash to purchase new equipment 3. Declared and paid cash dividends to shareholders 4. Collected payments on account from customers 5. Recorded an adjusting entry to record accrued salaries expense Recorded...
It says that the numbers for cash recieved from sale of investments, cash paid for purchase...
It says that the numbers for cash recieved from sale of
investments, cash paid for purchase of
land, cash paid for purchase of equipment, cash recieved from
sale of common stock and cash paid for dividends is inocrrect. Can
someone please check these?
Dec. 31, 2019 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 323,750 $292,800 105,160 311,350 120,620 Inventories 0 166,050 Investments Land Equipment Accumulated depreciation-equipment 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Total assets Liabilities and Stockholders'...
Tiger Trade has the following cash transactions for the period. 10.5 points Accounts Cash received from...
Tiger Trade has the following cash transactions for the period. 10.5 points Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 30,500 35,500 (40,500) (10,100) 11,100 (22,100) (2,100)...
Saved All-Star Automotive Company experienced the following accounting events during Year 1: 1. Performed services for...
Saved All-Star Automotive Company experienced the following accounting events during Year 1: 1. Performed services for $14.400 cash. 2. Purchased land for $7,400 cash. 3. Hired an accountant to keep the books 4. Received $34,000 cash from the issue of common stock 5. Borrowed $8,800 cash from State Bank. 6. Paid $4,400 cash for salary expense. 7. Sold land for $8,800 cash. 8. Paid $3,400 cash on the loan from State Bank. 9. Paid $4,600 cash for utilities expense. 10....
Marin Inc.’s CFO has just left the office of the company president after a meeting about the draft SFP at April 30, 2020, and income statement for the year then ended. (Both are reproduced below.) “Our liquidity position looks healthy,” the president had
Marin Inc.’s CFO has just left the office of the company president after a meeting about the draft SFP at April 30, 2020, and income statement for the year then ended. (Both are reproduced below.) “Our liquidity position looks healthy,” the president had remarked. “Look at the current and acid-test ratios, and the amount of working capital we have. And between the goodwill write off and depreciation, we have almost $23 million of non-cash expenses. I don’t understand why you’ve been...
just need the question in the first image answeres I'm
not sure if you use the spread sheet to answer it
Excel You have just been hired as a financial analyst for Barrington Industries. Unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. So, your first job will be to recreate the firm's cash flow statement for the year just ended. The firm had $100,000 in the bank at the end of the...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment Distribute a Stock Dividend [Choose ] Investing + Non-cash investing and financing Financing - Investing - Financing + Operating - Operating + Record Bad Debt Expense Decrease in Merchandise Inventory [Choose Pay off Bonds Payable [Choose) Increase in Accounts Payable [Choose Issue Common Stock [Choose] Sale of long-term investments [Choose] Net Income [Choose)
The first image is the original question, the second one is the
answer choices for the boxes.
Question 1 1 pts Match the section of the Cash Flow Statement with the activity it represents. Cash Flow from Operating Activities [Choose ] Cash Flow from Investing Activities [Choose] Cash Flow from Financing Activities [Choose] Question 1 1 pts Match the section of the Cash Flow Statement with the activity it represents. Cash Flow from Operating Activities ✓ [Choose ] Purchase and...
omiy ahswers recorded on your seantren will be graded swer from among those given and 1) Which of the following transactions should be classified as investing statement of cash flows? Increase in accounts receivable. Sale of property, plant and equipment. Retirement of bonds payable Issuance of common stock to the shareholders. as investing activities on an entity's 2) Which of the following events will appear owing events will appear in the cash flows from financing activities section of the statement...
For each of the following items, indicate which part will be affected. 1. Depreciation Expense. A. Operating B. Investing C. Financing D. No Impact 1 2. Proceeds from the sale of equipment used in the business. A. Operating B. Investing C. Financing D. No Impact 3. The Loss on the Sale of Equipment in Question #2. A. Operating B. Investing C. Financing D. No Impact 4. Declaration and payment of dividends on company's stock A. Operating B. Investing C. Financing...
Motif Furniture designs and sells modern furniture. For each of the following first-quarter transactions, indicate whether operating (O), investing (), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (-). Activity Cash Flow 1. Bought used equipment for cash 2 Paid cash to purchase new equipment 3. Declared and paid cash dividends to shareholders 4. Collected payments on account from customers 5. Recorded an adjusting entry to record accrued salaries expense Recorded...
It says that the numbers for cash recieved from sale of
investments, cash paid for purchase of
land, cash paid for purchase of equipment, cash recieved from
sale of common stock and cash paid for dividends is inocrrect. Can
someone please check these?
Dec. 31, 2019 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 323,750 $292,800 105,160 311,350 120,620 Inventories 0 166,050 Investments Land Equipment Accumulated depreciation-equipment 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Total assets Liabilities and Stockholders'...
Tiger Trade has the following cash transactions for the period. 10.5 points Accounts Cash received from sale of products to customers Cash received from the bank for long-term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to customers Cash paid for dividends to stockholders Amounts $ 30,500 35,500 (40,500) (10,100) 11,100 (22,100) (2,100)...
Saved All-Star Automotive Company experienced the following accounting events during Year 1: 1. Performed services for $14.400 cash. 2. Purchased land for $7,400 cash. 3. Hired an accountant to keep the books 4. Received $34,000 cash from the issue of common stock 5. Borrowed $8,800 cash from State Bank. 6. Paid $4,400 cash for salary expense. 7. Sold land for $8,800 cash. 8. Paid $3,400 cash on the loan from State Bank. 9. Paid $4,600 cash for utilities expense. 10....
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