Homework Answers
Question 4 - False - common stock is issued to pay of bonds payable but its effect will not shown in the cashflow statement, Beacuse cash flow statement is made to check the cash inflow & outflow but here in this case there is no in & out flow of cash seen. As these stocks are issued not for cash .Hence, this will be not shown in cash flow statement its just transaction where we are setting of bonds payable by issuind stock .
Ques 5 - False - During the preparation of statement of cash flow in indirect method the amortization of patent has to be added to the net income, as it is similar to the depreciation on fixed asset and effect should be given in investing activities.
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The transaction in which common stock was issued to retire (pay off) bonds payable is reported...
A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported...
A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows in a. a separate schedule b. the cash flows from investing activities section c. the cash flows from financing activities section d. the cash flows from operating activities section explain
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...
8. GAAP requires held-to-maturity investments to be reported at their A Historical cost. C. Net realizable...
8. GAAP requires held-to-maturity investments to be reported at their A Historical cost. C. Net realizable value. B. Fair value. D. Amortized cost. 9. Growth firms generally pay regular dividends to stockholders. A True. B. False. 10. In order to maintain a record of the original cost of a trading security, the finir value adjustments are debited or credited to the account Valuation Allowance for Investment A True. B. False. 11. The statement of cash flows is not one of...
8. GAAP requires held-to-maturity investments to be reported at their A. Historical cost. C. Net realizable...
8. GAAP requires held-to-maturity investments to be reported at their A. Historical cost. C. Net realizable value. B. Fair value. D. Amortized cost. 9. Growth firms generally pay regular dividends to stockholders. A True. B. False. 10. In order to maintain a record of the original cost of a trading security, the fair value adjustments are debited or credited to the account Valuation Allowance for Investment. A True B. False. 11. The statement of cash flows is not one of...
The amortization of a premium on bonds payable: A) has no effect on the cash payments...
The amortization of a premium on bonds payable: A) has no effect on the cash payments for interest reported in the operating activities section of the statement of cash flows B) increases the cash payments for interest reported in the operating activities section of the statement of cash flows C) decreases the cash payments for interest reported in the operating activities section of the statement of cash flows D) is reported in the financing activities section of the statement of...
13. Depreciation on factory equipment would be reported in the statement of cash flows prepared by...
13. Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in: (a) Cash flows from investing activities section. (b) Cash flows from financing activities section. (c) Schedule of noncash investing and financing activities. (d) Cash flows from operating activities section. 14. Preferred stock issued in exchange for land would be reported in the statement of cash flows in: (a) Cash flows from investing activities section. (b) Cash flows from financing activities...
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...
Additional Information for 2018 The parent issued bonds during the year for cash. Amortization of...
We were unable to transcribe this imageAdditional Information for 2018 The parent issued bonds during the year for cash. Amortization of databases amounts to $26,000 per year. The parent sold a building with a cost of $102,000 but a $51,000 book value for cash on May 11 . The subsidiary purchased equipment on July 23 for $249,000 in cash .Late in November, the parent issued stock for cash During the year, the subsidiary paid dividends of $52,000. Both parent and...
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...
on- The major classifications of activities reported in the statement of cash flows are operating, investing,...
on- The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. port 3. Investing activity. 4. Financing activity. 5. Reported as significant noncash activity The transactions are as follows. Transactions Classifications of Activities Issuance of common stock (b) Purchase of land and building Redemption of bonds. (d) Sale of equipment. le) Depreciation of...
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...
8. GAAP requires held-to-maturity investments to be reported at their A Historical cost. C. Net realizable value. B. Fair value. D. Amortized cost. 9. Growth firms generally pay regular dividends to stockholders. A True. B. False. 10. In order to maintain a record of the original cost of a trading security, the finir value adjustments are debited or credited to the account Valuation Allowance for Investment A True. B. False. 11. The statement of cash flows is not one of...
8. GAAP requires held-to-maturity investments to be reported at their A. Historical cost. C. Net realizable value. B. Fair value. D. Amortized cost. 9. Growth firms generally pay regular dividends to stockholders. A True. B. False. 10. In order to maintain a record of the original cost of a trading security, the fair value adjustments are debited or credited to the account Valuation Allowance for Investment. A True B. False. 11. The statement of cash flows is not one of...
13. Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in: (a) Cash flows from investing activities section. (b) Cash flows from financing activities section. (c) Schedule of noncash investing and financing activities. (d) Cash flows from operating activities section. 14. Preferred stock issued in exchange for land would be reported in the statement of cash flows in: (a) Cash flows from investing activities section. (b) Cash flows from financing activities...
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...
We were unable to transcribe this imageAdditional Information for 2018 The parent issued bonds during the year for cash. Amortization of databases amounts to $26,000 per year. The parent sold a building with a cost of $102,000 but a $51,000 book value for cash on May 11 . The subsidiary purchased equipment on July 23 for $249,000 in cash .Late in November, the parent issued stock for cash During the year, the subsidiary paid dividends of $52,000. Both parent and...
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...
on- The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. port 3. Investing activity. 4. Financing activity. 5. Reported as significant noncash activity The transactions are as follows. Transactions Classifications of Activities Issuance of common stock (b) Purchase of land and building Redemption of bonds. (d) Sale of equipment. le) Depreciation of...
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