Homework Answers
A. $(61,800)
The cash outflow from financing activities is $61,800, the amount of cash paid to retire the bonds payable.
Add Answer to:
retired for $61,800 cash resuting in a loss of $3,300 The amount to be reported under...
A company reported that its bonds with a par value of $50,000 and a carrying value...
A company reported that its bonds with a par value of $50,000 and a carrying value of $65,500 are retired for $70.200 cash, resulting in a loss of 54,700. The amount to be reported under cash flows from financing activities is Ο Ο νο.200 Ο Ο $16.500). O $6.500 Ο Ο
Augusta Company reported that its bonds with a face value of $50,000 and a carrying value...
Augusta Company reported that its bonds with a face value of $50,000 and a carrying value of $53,000 are retired for $56,000 cash. The amount to be reported under cash flows from financing activities is: Skipped Multiple Choice ($53,000) 0 ($3,000) ($3,000) 0 ($56,000) 0 $0; this is an operating activity. The Retained Earnings account has a beginning balance of $330,975 and an ending balance of $358,113. Net income is $41,101. Which of the following statements is correct? Multiple Choice...
Genesis reported that bonds with a face value of $100,000 and a carrying value of $67,000...
Genesis reported that bonds with a face value of $100,000 and a carrying value of $67,000 are retired for $60,000 cash, resulting in a loss of $7,000. The amount to be reported in the financing section is: a. $58,000. b. $57,000. c. $60,000. d. This item is not reported. e. $(3,000).
CH 16. Statement of Cash Flow. Fill the blank 11. A corporation purchased and retired 5,000 shares of its $15 par commo...
CH 16. Statement of Cash Flow. Fill the blank
11. A corporation purchased and retired 5,000 shares of its $15 par common stock, originally issued at par, for $35. Cash flows amounted to 12. If a loss of $2,000 is incurred in selling (for cash) a fixed asset having a book value of $25,000, the total amount reported as a cash flow is 13. The $97,000 net income for the year included a charge of $8,000 for the amortization of...
On July 1, Shady Creek Resort borrowed $410,000 cash by signing a 10-year, 10% installment note...
On July 1, Shady Creek Resort borrowed $410,000 cash by signing a 10-year, 10% installment note requiring equal payments each June 30 of $66.726. What is the journal entry to record the first annual payment? Multiple Choice Ο C) Debit Cash $410,000, debit interest Expense $66,726: credit Notes Payable $476,726. Ο Debit interest Expense $66,726, credit Cash 566,726 Ο Debit interest Expense $41.000, credit Cash $41,000 Ο Debit interest Expense $41,000; debit interest Payable $25.726, credit Cash $66,726 Ο Debit...
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount)...
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. Sold 12,000 shares of $15 par common stock for $24 per share. Sold equipment with a book value of $67,300 for $96,900. Purchased land for $449,000 cash. Purchased a building by paying $85,000 cash and issuing a $120,000 mortgage...
e carrying value of bonds at maturity always equals. Multiple Choice O the amount in excess...
e carrying value of bonds at maturity always equals. Multiple Choice O the amount in excess of par value. O the amount of cash originally received in exchange for the bonds. O the amount of discount or premium O the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium. O the par value of the bond. < Prev 1 of 2 Next > Multiple Choice o The contract rate is above...
23 Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount)...
23
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000. b. Sold 12,000 shares of $25 par common stock for $40 per share. c. Sold equipment with a book value of $52,300 for $75,300. d. Purchased land for $420,000 cash. e. Purchased a building by paying $69,000 cash...
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount)...
Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $180,000 of bonds, on which there was $1,800 of unamortized discount, for $187,000. Sold 7,000 shares of $20 par common stock for $38 per share. Sold equipment with a book value of $55,200 for $79,500. Purchased land for $348,000 cash. Purchased a building by paying $50,000 cash and issuing a $100,000 mortgage...
On January 1, 2017, Shay issues $320,000 of 9%, 20-year bonds at a price of 96.75....
On January 1, 2017, Shay issues $320,000 of 9%, 20-year bonds at a price of 96.75. Six years later, on January 1, 2023, Shay retires 25% of these bonds by buying them on the open market at 104.75. All interest is accounted for and paid through December 31, 2022, the day before the purchase. The straight-line method is used to amortize any bond discount. 1- How much does the company receive when it issues the bonds on January 1, 2017?...
A company reported that its bonds with a par value of $50,000 and a carrying value of $65,500 are retired for $70.200 cash, resulting in a loss of 54,700. The amount to be reported under cash flows from financing activities is Ο Ο νο.200 Ο Ο $16.500). O $6.500 Ο Ο
Augusta Company reported that its bonds with a face value of $50,000 and a carrying value of $53,000 are retired for $56,000 cash. The amount to be reported under cash flows from financing activities is: Skipped Multiple Choice ($53,000) 0 ($3,000) ($3,000) 0 ($56,000) 0 $0; this is an operating activity. The Retained Earnings account has a beginning balance of $330,975 and an ending balance of $358,113. Net income is $41,101. Which of the following statements is correct? Multiple Choice...
CH 16. Statement of Cash Flow. Fill the blank
11. A corporation purchased and retired 5,000 shares of its $15 par common stock, originally issued at par, for $35. Cash flows amounted to 12. If a loss of $2,000 is incurred in selling (for cash) a fixed asset having a book value of $25,000, the total amount reported as a cash flow is 13. The $97,000 net income for the year included a charge of $8,000 for the amortization of...
On July 1, Shady Creek Resort borrowed $410,000 cash by signing a 10-year, 10% installment note requiring equal payments each June 30 of $66.726. What is the journal entry to record the first annual payment? Multiple Choice Ο C) Debit Cash $410,000, debit interest Expense $66,726: credit Notes Payable $476,726. Ο Debit interest Expense $66,726, credit Cash 566,726 Ο Debit interest Expense $41.000, credit Cash $41,000 Ο Debit interest Expense $41,000; debit interest Payable $25.726, credit Cash $66,726 Ο Debit...
e carrying value of bonds at maturity always equals. Multiple Choice O the amount in excess of par value. O the amount of cash originally received in exchange for the bonds. O the amount of discount or premium O the amount of cash originally received in exchange for the bonds plus any unamortized discount or less any premium. O the par value of the bond. < Prev 1 of 2 Next > Multiple Choice o The contract rate is above...
23
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000. b. Sold 12,000 shares of $25 par common stock for $40 per share. c. Sold equipment with a book value of $52,300 for $75,300. d. Purchased land for $420,000 cash. e. Purchased a building by paying $69,000 cash...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 33 minutes ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 1 hour ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 2 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 3 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 3 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 3 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 4 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 4 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 4 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 4 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 4 hours ago -
Why are polymers not typically casted into products?
asked 5 hours ago