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. |
| ||
| (b) | Sale of building. |
| ||
| (c) | Redemption of bonds. |
| ||
| (d) | Depreciation. |
| ||
| (e) | Payment of dividends. |
| ||
| (f) | Issuance of capital stock. |
|
Homework Answers
Brief Exercise 13-2
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. |
| ||
| (b) | Sale of building. |
| ||
| (c) | Redemption of bonds. |
| ||
| (d) | Depreciation. |
| ||
| (e) | Payment of dividends. |
| ||
| (f) | Issuance of capital stock. |
|
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Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary.
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Each of the items below must be considered in preparing a statement of cash flows for Baskerville Co. for the year ended December 31, 2020. For each item, state how it should be shown in the statement of cash flows for 2020 if the indirect method is used, (a) Issued bonds for $200,000 cash. (b) Purchased equipment for $150,000 cash. (c) Sold land costing $20,000 for $20,000 cash. (d) Declared and paid a $50,000 cash dividend. Submit Answer Save for...
on- The major classifications of activities reported in the statement of cash flows are operating, investing,...
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Print by: Erica Burkett AC202:AC202DLU1A2020 Principles of Managerial Account in / AC202 - Chapter 12 Assignment Exercise 12-2 Your answer is partially correct. Try again. An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Hailey Corp, uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity...
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Current Attempt in Progress The major classifications of activities reported in the statement of cash flows...
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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...
An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts...
An analysis of comparative balance sheets, the current year’s
income statement, and the general ledger accounts of Wellman Corp.
uncovered the following items. Assume all items involve cash unless
there is information to the contrary.
Indicate how each item should be classified in the statement of
cash flows using these four major classifications: operating
activity (indirect method), investing activity, financing activity,
and significant noncash investing and financing activity.
please include all answers and calculations. thank you
(a) Payment of interest...
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CES Exercise 5-13 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: Operating activity-add to net income. Operating activity-deduct from net income. Investing activity Financing activity. Reported as significant noncash activity 1. 2. 3. 5. The transactions are as follows. Classifications of Activities > ndy << Transactions (a) Issuance of common stock. (b) Purchase of land and building. (c) Redemption of bonds. (d) Sale...
Letters A-K all have the answer options of FINANCING ACTIVITY, INVESTING ACTIVITY, NON-CASH INVESTING AND FINANCING...
Letters A-K all have the answer options of FINANCING ACTIVITY,
INVESTING ACTIVITY, NON-CASH INVESTING AND FINANCING ACTIVITY, or
OPERATING ACTIVITY, as shown in the picture. All other information
is provided. thank you!
-X More Info Date Accounts and Explanation Debit Credit Cash 72,000 а. Common Stock 72,000 Treasury Stock b. 16,500 Cash 16,500 Cash 88,000 C. Sales Revenue 88,000 Land d. 103,000 Cash 103,000 Depreciation Expense-Equipment 6,800 e. Accumulated Depreciation-Equipment 6,800 Dividends Payable 19,500 f. Cash 19,500 22,000 Land g....
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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...
An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Hailey Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate where each item should be presented in the statement of cash flows (indirect method) using these four major classifications: operating activity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the...
Print by: Erica Burkett AC202:AC202DLU1A2020 Principles of Managerial Account in / AC202 - Chapter 12 Assignment Exercise 12-2 Your answer is partially correct. Try again. An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Hailey Corp, uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity...
Exercise 12-2 An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Wellman Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate how each item should be classified in the statement of cash flows indirect method) using these four major classifications: operating activity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities...
Current Attempt in Progress 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. 3. Investing activity. Financing activity. 4. 5. Reported as significant noncash activity The transactions are as follows. Transactions Classifications of Activities (a) Issuance of common stock. Purchase of land and building. Redemption of bonds. Sale of equipment. (e) Depreciation...
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...
An analysis of comparative balance sheets, the current year’s
income statement, and the general ledger accounts of Wellman Corp.
uncovered the following items. Assume all items involve cash unless
there is information to the contrary.
Indicate how each item should be classified in the statement of
cash flows using these four major classifications: operating
activity (indirect method), investing activity, financing activity,
and significant noncash investing and financing activity.
please include all answers and calculations. thank you
(a) Payment of interest...
CES Exercise 5-13 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: Operating activity-add to net income. Operating activity-deduct from net income. Investing activity Financing activity. Reported as significant noncash activity 1. 2. 3. 5. The transactions are as follows. Classifications of Activities > ndy << Transactions (a) Issuance of common stock. (b) Purchase of land and building. (c) Redemption of bonds. (d) Sale...
Letters A-K all have the answer options of FINANCING ACTIVITY,
INVESTING ACTIVITY, NON-CASH INVESTING AND FINANCING ACTIVITY, or
OPERATING ACTIVITY, as shown in the picture. All other information
is provided. thank you!
-X More Info Date Accounts and Explanation Debit Credit Cash 72,000 а. Common Stock 72,000 Treasury Stock b. 16,500 Cash 16,500 Cash 88,000 C. Sales Revenue 88,000 Land d. 103,000 Cash 103,000 Depreciation Expense-Equipment 6,800 e. Accumulated Depreciation-Equipment 6,800 Dividends Payable 19,500 f. Cash 19,500 22,000 Land g....
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