Homework Answers
Answer: Would not be on the statement of cash flows
.
Reason: Inventory is purchased on account. That means the transaction did not involve any cash outflow. So. this transaction does not appear on the cash flow statement.
Note: Transactions that result in cash outflow or cash inflow will appear on the cash flow statement.
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purchasing inventory on account would be classified as what
type of activity on the statement of...
Purchasing inventory on account would be classified as what type of activity on the Statement of...
Purchasing inventory on account would be classified as what type of activity on the Statement of Cash Flows? Would not be on the Statement of Cash Flows Operating Investing Financing Question 9 Beginning Inventory + Purchases Gross Margin Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Question 10 Calculate Gross Margin: Ending Inventory: $12,000 Sales Revenue: $86,000 Cost of Goods Available for Sale: $64,000 Selling. General and Administrative Expenses: $18,000 Cost of Goods Sold: $52,000 Interest...
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...
> Question 1 0.2 pts Which of the following transactions is an investing activity that would...
> Question 1 0.2 pts Which of the following transactions is an investing activity that would affect the statement of cash flows? Purchasing equipment by signing a loan. Purchasing equipment with a credit card. O Purchasing equipment on account. O Purchasing equipment with a check. Question 2 0.2 pts The indirect method of the Statement of Cash flows: O will show net income as the first item in the operating activity section. will show where cash came from and went...
Payment of a cash dividend d. Conversion of bonds into common stock 26. The statement of...
Payment of a cash dividend d. Conversion of bonds into common stock 26. The statement of cash flows classifies.cash.receipts and.cash payments into which.of the followin activities? a. Operating activitles b. Investing activitles Financing activities All of the above 27. Cash flow activities that include the cash effects of transactions that.create revenues and exoenses and thus enter into the determination of net income-are referred to as a. Investing activities. Financing activities. Operating activities. All of the above. 28. The category that...
QUESTION 23 Which of the following would be classified as a financing activity on a statement...
QUESTION 23 Which of the following would be classified as a financing activity on a statement of cash flows? Declaration and distribution of a stock dividend Sale of equipment O Payment of interest to a creditor Payment of a bond payable QUESTION 24 Net cash flow from operating activities for 2021 for Light Corporation was $990,000. The following items are reported on the financial statements for 2021: Depreciation and amortization Cash dividends paid on common stock $ 60,000 36,000 Increase...
Question 1 Which of the following would be classified as an operating activity on a statement...
Question 1 Which of the following would be classified as an operating activity on a statement of cash flows? Collections from customers Receipt of loan repayments Issuing stock Repayment of amounts borrowed Issuing bonds 1 points Question 2 Which of the following transactions increase cash? 1. Sales of goods and services for cash 2. Receiving cash dividends 3. Collection of accounts receivable 4. Reclassifying long-term debt to short-term debt 5. Accruing interest revenue 1 and 2 1 and 3 1,...
Which of the following is a noncash investing and financing activity? payment of a cash dividend...
Which of the following is a noncash investing and financing activity? payment of a cash dividend payment of a six-month note payable purchase of merchandise inventory on account d i nce of common stock to acquire Land 10. A company purchases equipement for $32,000 cash. This transaction should be shown on the statement of cash flows under a investing activities h financing activities C oncach investing and financing activities d. operating activities 11. Cash flow per share is a required...
QUESTION 7 The appropriate section in the statement of cash flows for reporting the net income...
QUESTION 7 The appropriate section in the statement of cash flows for reporting the net income is: o Operating activities, O Financing activities. O Investing activities. O Schedule of noncash investing or financing activity O This is not reported on the statement of cash flows. QUESTION 8 The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is Operating activities. O Financing activities. O Investing activities. Schedule of noncash investing or financing...
Saved Ingles Corporation purchased land and building, indicate where, if at all, it would be classified...
Saved Ingles Corporation purchased land and building, indicate where, if at all, it would be classified on the statement of cash flows Question 14 options: 1) operating activities section 2) investing activities section 3) financing activities section 4) does not represent a cash flow Question 15 (1 point) Saved Ingles Corporation experienced a decrease in accounts receivable, indicate where, if at all, it would be classified on the statement of cash flows. Question 15 options: 1) operating activities section. 2)...
Exercise 4-16 (Algo) Statement of cash flows; directly from transactions (L04-8] The following transactions occurred during...
Exercise 4-16 (Algo) Statement of cash flows; directly from transactions (L04-8] The following transactions occurred during March 20 21 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 39,000 shares of common stock in exchange for $390,000 in cash. 2 Purchased equipment at a cost of $58,000 $19.000 cash was paid and a note payable to the seller was signed for the balance owed 3. Purchased Inventory on account at a cost of $108,000. The...
Purchasing inventory on account would be classified as what type of activity on the Statement of Cash Flows? Would not be on the Statement of Cash Flows Operating Investing Financing Question 9 Beginning Inventory + Purchases Gross Margin Ending Inventory Cost of Goods Available for Sale Cost of Goods Sold Question 10 Calculate Gross Margin: Ending Inventory: $12,000 Sales Revenue: $86,000 Cost of Goods Available for Sale: $64,000 Selling. General and Administrative Expenses: $18,000 Cost of Goods Sold: $52,000 Interest...
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...
> Question 1 0.2 pts Which of the following transactions is an investing activity that would affect the statement of cash flows? Purchasing equipment by signing a loan. Purchasing equipment with a credit card. O Purchasing equipment on account. O Purchasing equipment with a check. Question 2 0.2 pts The indirect method of the Statement of Cash flows: O will show net income as the first item in the operating activity section. will show where cash came from and went...
Payment of a cash dividend d. Conversion of bonds into common stock 26. The statement of cash flows classifies.cash.receipts and.cash payments into which.of the followin activities? a. Operating activitles b. Investing activitles Financing activities All of the above 27. Cash flow activities that include the cash effects of transactions that.create revenues and exoenses and thus enter into the determination of net income-are referred to as a. Investing activities. Financing activities. Operating activities. All of the above. 28. The category that...
QUESTION 23 Which of the following would be classified as a financing activity on a statement of cash flows? Declaration and distribution of a stock dividend Sale of equipment O Payment of interest to a creditor Payment of a bond payable QUESTION 24 Net cash flow from operating activities for 2021 for Light Corporation was $990,000. The following items are reported on the financial statements for 2021: Depreciation and amortization Cash dividends paid on common stock $ 60,000 36,000 Increase...
Which of the following is a noncash investing and financing activity? payment of a cash dividend payment of a six-month note payable purchase of merchandise inventory on account d i nce of common stock to acquire Land 10. A company purchases equipement for $32,000 cash. This transaction should be shown on the statement of cash flows under a investing activities h financing activities C oncach investing and financing activities d. operating activities 11. Cash flow per share is a required...
QUESTION 7 The appropriate section in the statement of cash flows for reporting the net income is: o Operating activities, O Financing activities. O Investing activities. O Schedule of noncash investing or financing activity O This is not reported on the statement of cash flows. QUESTION 8 The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is Operating activities. O Financing activities. O Investing activities. Schedule of noncash investing or financing...
Exercise 4-16 (Algo) Statement of cash flows; directly from transactions (L04-8] The following transactions occurred during March 20 21 for the Wainwright Corporation. The company owns and operates a wholesale warehouse 1. Issued 39,000 shares of common stock in exchange for $390,000 in cash. 2 Purchased equipment at a cost of $58,000 $19.000 cash was paid and a note payable to the seller was signed for the balance owed 3. Purchased Inventory on account at a cost of $108,000. The...
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