CORRECT THE BOXES IN RED
LAST ATTEMPt PLEASE ANSWER CORRECT THANKS
Homework Answers
Ans: Receipt of cash from the sale of warehouse is Investing activity.
Interest payment on long term bank loan - Operating activity.
Interest payment can be seen in direct method of cash flow while in indirect method, it is included in net income and adjusted for cash when taking into account change in net working capital
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CORRECT THE BOXES IN RED
LAST ATTEMPt PLEASE ANSWER CORRECT THANKS
Application Problem 5-1B Your answer...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing,...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank loan f. Interest...
Current Attempt in Progress Use the following abbreviations to answer this question: Operating activities item Investing...
Current Attempt in Progress Use the following abbreviations to answer this question: Operating activities item Investing activities item Financing activities item F Classify each of the following transactions according to whether they are operating, financing, or investing activities using direct method. (Select N/A for a non cash item.) v a. Proceeds from the sale of an investment in another company's shares b. Acquisition of a business c. Cash paid to suppliers of inventory d. Acquisition of a long-term bank loan...
For each of the items, indicate the type of business activity-operating, investing, or financing. Type of...
For each of the items, indicate the type of business activity-operating, investing, or financing. Type of Activity 1. Purchase of goods for resale Operating 2. Issue of common shares 3. Sale of equipment that the company has finished using 4. Receipt of bank loan 5. Purchase of long-term investment 6. Purchase of equipment 7. Sale of merchandise to customers 8. Payment of salaries to employees 9. Sale of long-term investment 10. Repayment of loan owed to bank 11. Payment of...
ANSWER THE TICKED BOX AND CHECK THE OTHER ANSWERS ( LAST ATTEMPT SO CORRECT ANSWER PLEASE)...
ANSWER THE TICKED BOX AND CHECK THE OTHER ANSWERS
( LAST ATTEMPT SO CORRECT ANSWER PLEASE)
Application Problem 5-6A a1 (Indirect Method) The following information is for Harley Holdings Ltd. for the year ended January 31, 2020. HARLEY HOLDINGS LTD. Statement of Financial Position As at January 31 2020 2019 Assets Current assets: Cash $47,000 $34,310 Accounts receivable 81,590 51,700 Inventory 89,860 95,600 Total current assets 218,450 181,610 Equipment 164,500 136,300 Accumulated depreciation, equipment (40,890) (36,660) Land 112,800 159,800 $454,860...
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...
Problem 23-9 Your answer is partially correct. Try again Wildhorse Corporation has contracted with you to prepare a sta...
Problem 23-9 Your answer is partially correct. Try again Wildhorse Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information December 31 2017 2016 Cash $38,400 $12,800 Accounts receivable 12,300 10,000 12,100 Inventory 10,000 3,000 Equity investments 0 Buildings 29,600 0 39,700 20,100 Equipment 5,000 Copyrights 5,200 107,500 $90,700 Totals Allowance for doubtful accounts $2,900 $4,400 Accumulated depreciation-equipment 2,100 4,500 Accumulated depreciation-buildings 0 6,000 Accounts payable 5,000 4,000 Dividends payable 0...
Using the codes below, indicate how each item will affect a Statement of Cash Flows. You...
Using the codes below, indicate how each item will affect a Statement of Cash Flows. You may use a code more than once or not at all. Code Effect OA Added to net income in the operating section OS Subtracted from net income in the operating section IR Cash receipt in the investing section IP Cash payment in the investing section FR Cash receipt in financing section FP Cash payment in financing section N Non-cash investing and/or financing activity Record...
please help with all ent Your answer is partially correct. Try again. The comparative balance sheets...
please help with all
ent Your answer is partially correct. Try again. The comparative balance sheets for Hinckley Corporation show the following information. Cash Accounts receivable Inventory Investments Buildings Equipment Patents December 31 2014 2013 $39,720 $14,060 22,400 10,060 19,910 9,800 -0 3,940 -O- 30,730 47,530 20,030 5,2706,910 $134,830 $95,530 Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $3,010 2,980 -0- 5,270 -0- 2,860 32,230...
2018 $ 25 240 2017 5 10 240 Dividends payable Bank loan payable current portion Bank...
2018 $ 25 240 2017 5 10 240 Dividends payable Bank loan payable current portion Bank loan payable non-current portion Common shares Retained earnings 340 490 770 Additional information: ofw e nt that cost $500. The bank loan was decreased by repayments 1. The bank loan was increased by additional borrowings of $100 to partially finance th 2. Common shares were issued during the year. Noe were required. 3. Dividends were paid during the year 4. Net income for the...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank loan f. Interest...
Current Attempt in Progress Use the following abbreviations to answer this question: Operating activities item Investing activities item Financing activities item F Classify each of the following transactions according to whether they are operating, financing, or investing activities using direct method. (Select N/A for a non cash item.) v a. Proceeds from the sale of an investment in another company's shares b. Acquisition of a business c. Cash paid to suppliers of inventory d. Acquisition of a long-term bank loan...
For each of the items, indicate the type of business activity-operating, investing, or financing. Type of Activity 1. Purchase of goods for resale Operating 2. Issue of common shares 3. Sale of equipment that the company has finished using 4. Receipt of bank loan 5. Purchase of long-term investment 6. Purchase of equipment 7. Sale of merchandise to customers 8. Payment of salaries to employees 9. Sale of long-term investment 10. Repayment of loan owed to bank 11. Payment of...
ANSWER THE TICKED BOX AND CHECK THE OTHER ANSWERS
( LAST ATTEMPT SO CORRECT ANSWER PLEASE)
Application Problem 5-6A a1 (Indirect Method) The following information is for Harley Holdings Ltd. for the year ended January 31, 2020. HARLEY HOLDINGS LTD. Statement of Financial Position As at January 31 2020 2019 Assets Current assets: Cash $47,000 $34,310 Accounts receivable 81,590 51,700 Inventory 89,860 95,600 Total current assets 218,450 181,610 Equipment 164,500 136,300 Accumulated depreciation, equipment (40,890) (36,660) Land 112,800 159,800 $454,860...
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...
Problem 23-9 Your answer is partially correct. Try again Wildhorse Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information December 31 2017 2016 Cash $38,400 $12,800 Accounts receivable 12,300 10,000 12,100 Inventory 10,000 3,000 Equity investments 0 Buildings 29,600 0 39,700 20,100 Equipment 5,000 Copyrights 5,200 107,500 $90,700 Totals Allowance for doubtful accounts $2,900 $4,400 Accumulated depreciation-equipment 2,100 4,500 Accumulated depreciation-buildings 0 6,000 Accounts payable 5,000 4,000 Dividends payable 0...
please help with all
ent Your answer is partially correct. Try again. The comparative balance sheets for Hinckley Corporation show the following information. Cash Accounts receivable Inventory Investments Buildings Equipment Patents December 31 2014 2013 $39,720 $14,060 22,400 10,060 19,910 9,800 -0 3,940 -O- 30,730 47,530 20,030 5,2706,910 $134,830 $95,530 Allowance for doubtful accounts Accumulated depreciation-equipment Accumulated depreciation-building Accounts payable Dividends payable Notes payable, short-term (nontrade) Long-term notes payable Common stock Retained earnings $3,010 2,980 -0- 5,270 -0- 2,860 32,230...
2018 $ 25 240 2017 5 10 240 Dividends payable Bank loan payable current portion Bank loan payable non-current portion Common shares Retained earnings 340 490 770 Additional information: ofw e nt that cost $500. The bank loan was decreased by repayments 1. The bank loan was increased by additional borrowings of $100 to partially finance th 2. Common shares were issued during the year. Noe were required. 3. Dividends were paid during the year 4. Net income for the...
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