Homework Answers
| Type of activity | ||
| 1. | Purchase of goods for resale | Operating activity |
| 2. | Issue of common shares | Financing activity |
| 3. | Sale of equipment that the company has finished using | Investing activity |
| 4. | Receipt of bank loan | Financing activity |
| 5. | Purchase of long term investment | Investing activity |
| 6. | Purchase of equipment | Investing activity |
| 7. | Sale of merchandise to customers | Operating activity |
| 8. | Payment of salaries to employees | Operating activity |
| 9. | Sale of long term investment | Investing activity |
| 10. | Repayment of loan owed to bank | Financing activity |
| 11. | Payment of dividends | Financing activity |
| 12. | Payment of interest on money borrowed from bank | Financing activity |
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For each of the items, indicate the type of business activity-operating, investing, or financing. Type of...
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...
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...
Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (1)...
Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (1), financing (F), or non-cash (N). a. Cash purchase of merchandise inventory b. Cash payment of dividends C. Cash receipt from the collection of long-term notes receivable d. Cash payment for income taxes . Purchase of equipment in exchange for notes payable f. Cash receipt from the sale of land 9. Cash received from borrowing money h. Cash receipt for interest income...
Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.
Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.(a)Purchase of equipment. Operating ActivityInvesting ActivityFinancing Activity(b)Sale of building. Financing ActivityOperating ActivityInvesting Activity(c)Redemption of bonds. Financing ActivityOperating ActivityInvesting Activity(d)Depreciation. Financing ActivityInvesting ActivityOperating Activity(e)Payment of dividends. Operating ActivityInvesting ActivityFinancing Activity(f)Issuance of capital stock. Investing ActivityFinancing ActivityOperating Activity
CORRECT THE BOXES IN RED LAST ATTEMPt PLEASE ANSWER CORRECT THANKS Application Problem 5-1B Your answer...
CORRECT THE BOXES IN RED
LAST ATTEMPt PLEASE ANSWER CORRECT THANKS
Application Problem 5-1B Your answer is partially correct. Try again. 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 NA b. Payment of dividends on common shares T Financing A...
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity...
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity (1), a financing activity (F), a non-cash investing and financing activity (NIF), or a trans- action that is not reported on the cash flow statement (N). For each cash flow, indicate whether the item increases (+) or decreases (-) cash. Assume the direct method is used to report cash flows from operating activities. for the cash w statement a. NIF e.I- g.O+ Activity (+)/)...
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...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment Distribute a Stock Dividend [Choose ] Investing + Non-cash investing and financing Financing - Investing - Financing + Operating - Operating + Record Bad Debt Expense Decrease in Merchandise Inventory [Choose Pay off Bonds Payable [Choose) Increase in Accounts Payable [Choose Issue Common Stock [Choose] Sale of long-term investments [Choose] Net Income [Choose)
For each of the following items, indicate which part will be affected. 1. Depreciation Expense. A....
For each of the following items, indicate which part will be affected. 1. Depreciation Expense. A. Operating B. Investing C. Financing D. No Impact 1 2. Proceeds from the sale of equipment used in the business. A. Operating B. Investing C. Financing D. No Impact 3. The Loss on the Sale of Equipment in Question #2. A. Operating B. Investing C. Financing D. No Impact 4. Declaration and payment of dividends on company's stock A. Operating B. Investing C. Financing...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on 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...
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...
Cash flow items must be categorized into one of four categories. Identify each item as operating (O), investing (1), financing (F), or non-cash (N). a. Cash purchase of merchandise inventory b. Cash payment of dividends C. Cash receipt from the collection of long-term notes receivable d. Cash payment for income taxes . Purchase of equipment in exchange for notes payable f. Cash receipt from the sale of land 9. Cash received from borrowing money h. Cash receipt for interest income...
CORRECT THE BOXES IN RED
LAST ATTEMPt PLEASE ANSWER CORRECT THANKS
Application Problem 5-1B Your answer is partially correct. Try again. 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 NA b. Payment of dividends on common shares T Financing A...
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity (1), a financing activity (F), a non-cash investing and financing activity (NIF), or a trans- action that is not reported on the cash flow statement (N). For each cash flow, indicate whether the item increases (+) or decreases (-) cash. Assume the direct method is used to report cash flows from operating activities. for the cash w statement a. NIF e.I- g.O+ Activity (+)/)...
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...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment Distribute a Stock Dividend [Choose ] Investing + Non-cash investing and financing Financing - Investing - Financing + Operating - Operating + Record Bad Debt Expense Decrease in Merchandise Inventory [Choose Pay off Bonds Payable [Choose) Increase in Accounts Payable [Choose Issue Common Stock [Choose] Sale of long-term investments [Choose] Net Income [Choose)
For each of the following items, indicate which part will be affected. 1. Depreciation Expense. A. Operating B. Investing C. Financing D. No Impact 1 2. Proceeds from the sale of equipment used in the business. A. Operating B. Investing C. Financing D. No Impact 3. The Loss on the Sale of Equipment in Question #2. A. Operating B. Investing C. Financing D. No Impact 4. Declaration and payment of dividends on company's stock A. Operating B. Investing C. Financing...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on a...
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