select all that appliesHomework Answers
Solution:
The following would be classified as financing activities:
- Paying Dividend to shareholders
- issuing stock to shareholders for cash
- Borrowing money from bank
- paying back a loan
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select all that applies
Which of the following would be classified as financing activities? Paying suppliers...
. Which of the following would be classified as operating activities? Paying suppliers for supplies Paying...
. Which of the following would be classified as operating activities? Paying suppliers for supplies Paying employees their salaries Borrowing money from a bank Providing services to customers for cash Paying dividends to shareholders Purchasing equipment Paying a utility bill Issuing stock to shareholders for cash Purchasing land Paying back a loan
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money...
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money from a bank Providing services to customers on account Paying dividends to shareholders - Purchasing equipment Issuing stock to shareholders for cash Purchasing land
ỢUESTION 20 Financing activities include: Primary operations such as selling goods to customers. Transactions with company...
ỢUESTION 20 Financing activities include: Primary operations such as selling goods to customers. Transactions with company employees. Transactions involving external sources of funding. The purchase and sale of long-term assets. QUESTION 21 Financing activities include: The purchase of a building. Issuing common stock to stockholders. Transactions with company employees Selling goods or services to customers. QUESTION 22 Financing cash flows in the statement of cash flows would include which of the following? Paying salaries for the month. Purchase of land....
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services...
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services receiving cash. Given answer: Ali company provides consulting service and receives 1,000 cash. Cash. 1,000 Consulting Revenue. 1,000 2-Issuing common stocks receiving cash. 3-Purchasing land for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying employees their salaries. Q2- Why do companies record adjusting journal entries at the end of the accounting periods? Give an example of unearned revenue and accrued expense....
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,...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used...
Problem 1-13AB Describing business activities LO C5 A start-up company often engages in the following transactions...
Problem 1-13AB Describing business activities LO C5 A start-up company often engages in the following transactions during its first year of operations. Classify those transactions in one of the three major categories of an organization's business activities. Business Activities Transactions 1. Selling and distributing products. 2. Purchasing a building. 3. Supervising workers. 4. Borrowing cash from a bank. 5. Paying employee wages. 6. Rent cost of office space. 7. Providing client services. 8. Purchasing land.
1-2 • Identify each of the following activities as a financing (F), investing ( or operating...
1-2 • Identify each of the following activities as a financing (F), investing ( or operating (O) activity. a. Selling hay to a neighbor. b. Borrowing money for Operating Expenses from Farm Credit Services. c. Paying the vet bill. d. Paying back part of the money borrowed from Farm Credit Services, e. The farm owner decides to use a personal computer for farm record keeping f. Spending money from sale of grain to pay off personal credit cards. g. A...
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...
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...
. Which of the following would be classified as operating activities? Paying suppliers for supplies Paying employees their salaries Borrowing money from a bank Providing services to customers for cash Paying dividends to shareholders Purchasing equipment Paying a utility bill Issuing stock to shareholders for cash Purchasing land Paying back a loan
Which of the following would be classified as investing activities? Paying suppliers for supplies Borrowing money from a bank Providing services to customers on account Paying dividends to shareholders - Purchasing equipment Issuing stock to shareholders for cash Purchasing land
ỢUESTION 20 Financing activities include: Primary operations such as selling goods to customers. Transactions with company employees. Transactions involving external sources of funding. The purchase and sale of long-term assets. QUESTION 21 Financing activities include: The purchase of a building. Issuing common stock to stockholders. Transactions with company employees Selling goods or services to customers. QUESTION 22 Financing cash flows in the statement of cash flows would include which of the following? Paying salaries for the month. Purchase of land....
LUPY % om + Add Page Insert Table Chart Text Shape Media Comment 1-Providing consulting services receiving cash. Given answer: Ali company provides consulting service and receives 1,000 cash. Cash. 1,000 Consulting Revenue. 1,000 2-Issuing common stocks receiving cash. 3-Purchasing land for cash. 4-Purchasing supplies on credit. 5-Borrowing money from a bank. 6-Paying employees their salaries. Q2- Why do companies record adjusting journal entries at the end of the accounting periods? Give an example of unearned revenue and accrued expense....
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used...
Problem 1-13AB Describing business activities LO C5 A start-up company often engages in the following transactions during its first year of operations. Classify those transactions in one of the three major categories of an organization's business activities. Business Activities Transactions 1. Selling and distributing products. 2. Purchasing a building. 3. Supervising workers. 4. Borrowing cash from a bank. 5. Paying employee wages. 6. Rent cost of office space. 7. Providing client services. 8. Purchasing land.
1-2 • Identify each of the following activities as a financing (F), investing ( or operating (O) activity. a. Selling hay to a neighbor. b. Borrowing money for Operating Expenses from Farm Credit Services. c. Paying the vet bill. d. Paying back part of the money borrowed from Farm Credit Services, e. The farm owner decides to use a personal computer for farm record keeping f. Spending money from sale of grain to pay off personal credit cards. g. A...
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...
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...
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