Part 1. Indicate whether each of the following items of a firm would be associated with...
Part 1. Indicate whether each of the following items of a firm would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA), Investing Activities (IA), Financing Activities (FA), or not on the statement (NOS).
|
ITEM |
CLASSIFIED AS I, O or N |
REPORTED UNDER OA, IA, FA or NOS |
|
|
1. Cash the firm paid to suppliers |
|||
|
2. Sale of inventory to customer on account |
|||
|
3. Proceeds from issuing common stock |
|||
|
4. Purchase of land with a loan |
|||
|
5. Principal payment made on long-term debt |
|||
|
6. Depreciation on equipment |
|||
|
7. Purchase of common stock issued by another company as an investment |
|||
|
8. Interest paid on the firm’s debt |
|||
|
9. Purchase of new equipment with cash |
|||
|
10. Dividends paid by the firm to shareholders |
|||
|
11. Sale of treasury stock by the firm |
Homework Answers
Part 1. Indicate whether each of the following items of a firm would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA), Investing Activities (IA), Financing Activities (FA), or not on the statement (NOS).
|
ITEM |
CLASSIFIED AS I, O or N |
REPORTED UNDER OA, IA, FA or NOS |
|
|
1. Cash the firm paid to suppliers |
O | OA | |
|
2. Sale of inventory to customer on account |
I | OA | |
|
3. Proceeds from issuing common stock |
I | FA | |
|
4. Purchase of land with a loan |
N | NOS | |
|
5. Principal payment made on long-term debt |
O | FA | |
|
6. Depreciation on equipment |
N | NOS | |
|
7. Purchase of common stock issued by another company as an investment |
O | IA | |
|
8. Interest paid on the firm’s debt |
O | OA | |
|
9. Purchase of new equipment with cash |
O | IA | |
|
10. Dividends paid by the firm to shareholders |
O | FA | |
| 11. Sale of treasury stock by the firm | I | FA |
Add Answer to:
Part 1. Indicate whether each of the following items of a firm
would be associated with...
HOMEWORK #11 Due April 27, 5 pm 10 points Download this Word document and fill in...
HOMEWORK #11 Due April 27, 5 pm 10 points Download this Word document and fill in answers to the three parts. 1. Classify: Indicate whether each of the following items would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA), Investing Activities (IA), Financing Activities (FA), or not on the statement (NOS). ITEM CLASSIFIED AS REPORTED UNDER 1....
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...
IIII For each of the following items, tell whether it is a cash inflow or cash...
IIII
For each of the following items, tell whether it is a cash inflow or cash outflow and the section of the statement of cash flows in which the item would appear. (Assume the direct method is used.) Item Inflow or Outflow Section of the Statement a. Cash collected from customers b. Proceeds from issue of stock C. Interest payment on loan d. e. f. g. h. i. j. Principal repayment on loan Cash paid for advertising Proceeds from sale...
Which of the following represents an inflow of cash and therefore would be reported on the...
Which of the following represents an inflow of cash and therefore would be reported on the statement of cash flows? Select one: a. acquiring of treasury stock b. issuing long-term debt c. declaring stock dividends d. retiring of bond payable A five-year bond was issued at par for $640,000 cash. This transaction should be shown on a statement of cash flows under Select one: a. noncash activities b. operating activities c. financing activities d. investing activities Which of the following...
1. Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new...
1. Below is activity for A Company during the year.
Sold Equipment for $65,000.
Purchased new Equipment for $140,000
Issued bonds for $100,000.
Paid $20,000 in dividends to common stockholders.
Received $200,000 when the company had a seasoned equity
offering (sold common stock).
Paid back a $300,000 Note Payable.
Fill out the Investing and Financing Section of A Company's cash
flow statement.
Cash Flow Statement ASU Cash Flow from Investing Activities Sale of Equipment V [Select] Purchase of new Equipment...
Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment...
Below is activity for A Company during the year. Sold Equipment for $65,000. Purchased new Equipment for $140,000 Issued bonds for $100,000. Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable. Fill out the Investing and Financing Section of A Company's cash flow statement. A Company Cash Flow Statement Cash Flow from Investing Activities ...
The first image is the original question, the rest are the answer choices for each box....
The first image is the original question, the rest are the
answer choices for each box.
Question 5 2 pts Below is activity for A Company during the year. Sold Equipment for $65,000 Purchased new Equipment for $140,000 Issued bonds for $100,000 Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable Fill out the Investing and Financing Section of A Company's cash flow...
For each event listed below, select the appropriate category which describes the effect of the event...
For each event listed below, select the appropriate category which describes the effect of the event on a statement of cash flows. Use the abbreviations provided. Operating activities (O). Investing activities (I). Financing activities (F). Noncash activity (N). __a. Repayment of long-term debt ____ b. Amortization expense on patents ____ c. Sale of goods on account ____ d. Cash dividend payment to investors ____ e. Issuance of stock to acquire land ____ f. Sale of securities (long-term) ____ g. Payment...
On the Statement of Cash Flows, cash receipts from the sale of common stock of your...
On the Statement of Cash Flows, cash receipts from the sale of common stock of your company to investors are reported in the operating activities section. O investing activities section. financing activities section. O schedule of noncash investing and financing activities. Question 29 (2 points) On the statement of cash flows using the indirect method, patent amortization expense will O be added to net income in the operating section. be deducted from net income in the operating section. appear as...
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...
IIII
For each of the following items, tell whether it is a cash inflow or cash outflow and the section of the statement of cash flows in which the item would appear. (Assume the direct method is used.) Item Inflow or Outflow Section of the Statement a. Cash collected from customers b. Proceeds from issue of stock C. Interest payment on loan d. e. f. g. h. i. j. Principal repayment on loan Cash paid for advertising Proceeds from sale...
1. Below is activity for A Company during the year.
Sold Equipment for $65,000.
Purchased new Equipment for $140,000
Issued bonds for $100,000.
Paid $20,000 in dividends to common stockholders.
Received $200,000 when the company had a seasoned equity
offering (sold common stock).
Paid back a $300,000 Note Payable.
Fill out the Investing and Financing Section of A Company's cash
flow statement.
Cash Flow Statement ASU Cash Flow from Investing Activities Sale of Equipment V [Select] Purchase of new Equipment...
The first image is the original question, the rest are the
answer choices for each box.
Question 5 2 pts Below is activity for A Company during the year. Sold Equipment for $65,000 Purchased new Equipment for $140,000 Issued bonds for $100,000 Paid $20,000 in dividends to common stockholders. Received $200,000 when the company had a seasoned equity offering (sold common stock). Paid back a $300,000 Note Payable Fill out the Investing and Financing Section of A Company's cash flow...
On the Statement of Cash Flows, cash receipts from the sale of common stock of your company to investors are reported in the operating activities section. O investing activities section. financing activities section. O schedule of noncash investing and financing activities. Question 29 (2 points) On the statement of cash flows using the indirect method, patent amortization expense will O be added to net income in the operating section. be deducted from net income in the operating section. appear as...
Most questions answered within 3 hours.
-
Explain why you should not lose any LDH activity when you
centrifuge a crude sample at...
asked 7 minutes ago -
An AA battery (object), standing on end, is placed to the left
of a diverging lens...
asked 8 minutes ago -
After you measure the self-inductance of a coil, you unwind it
and then rewind one third...
asked 8 minutes ago -
1. Which of the following best describes a transistor?
A) a small electrical circuit made from...
asked 10 minutes ago -
Use generating function to find the number of distributions of
20 people into four different rooms...
asked 25 minutes ago -
The following data set consists the number of minutes a sample
of 25 people run every...
asked 28 minutes ago -
Suppose vacuum cleaners are part of the market basket used to
compute the CPI. Suppose also...
asked 41 minutes ago -
What intermediate results after the addition of H3O+ to
E-3-methyl-2-pentane?
pentene*
asked 45 minutes ago -
Potassium hydrogen phthalate is a solid, monoprotic acid
frequently used in the laboratory to standardize strong...
asked 1 hour ago -
1-Describe the 3 major classes of ownerships of retailers
2-What are the differences between consumer and...
asked 48 minutes ago -
A Student takes a sample from a table top in the student lounge
using a sterile...
asked 55 minutes ago -
Give an answer that's easy to understand. Define stack data
structure. Show how the Stack operations...
asked 1 hour ago