Effect of Transactions on Cash Flows
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
Effect | Amount | |
a. | $ | |
b. | $ | |
c. | $ | |
d. | $ | |
e. | $ | |
f. | $ | |
g. | $ | |
h. | $ |
Answer is given below
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of...
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $180,000 of bonds, on which there was $1,800 of unamortized discount, for $187,000. Sold 7,000 shares of $20 par common stock for $38 per share. Sold equipment with a book value of $55,200 for $79,500. Purchased land for $348,000 cash. Purchased a building by paying $50,000 cash and issuing a $100,000 mortgage...
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State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000. Sold 7,000 shares of $30 par common stock for $66 per share. Sold equipment with a book value of $51,600 for $74,300. Purchased land for $392,000 cash. Purchased a building by paying $86,000 cash and issuing a $120,000 mortgage note payable. Sold a new issue...
help ASAP pleasee Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000. b. Sold 7,000 shares of $10 par common stock for $24 per share. c. Sold equipment with a book value of $46,000 for $66,200. d. Purchased land for $316,000 cash. e. Purchased a building by...
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