Homework Answers
Solution:
Issuing common stock affects the below accounts,
By issuing common stock cash will received from this it mean current assets will increases and this will affect the Balance Sheet – Current Assets Section.
Cash received also affect the statement of cash flow – Financing section.
Common Stock will be issued for cash received this will increase the shareholder’s equity in balance sheet also.
So as per the above explanation this transaction will affect the,
1) Balance Sheet
2) Statement of Stockholder’s Equity
3) Statement of Cash Flow
Add Answer to:
Issuing common stock would absolutely, without question, affect the balances reported on which financial statement(s)? (Sclect...
Issuing common stock would absolutely, without question, affect the balances reported on which financial statement(s)? (Select...
Issuing common stock would absolutely, without question, affect the balances reported on which financial statement(s)? (Select all that apply) Check All That Apply Balance Sheet Income Statement Statement of Stockholders' Equity Statement of Cash Flows
On which financial statement(s) would you find Common Stock? (Select all that apply.) Balance Sheet Income...
On which financial statement(s) would you find Common Stock? (Select all that apply.) Balance Sheet Income Statement Statement of Cash Flows Statement of Stockholders' Equity
For each account or description below, select the financial statement(s) on which it would be reported....
For each account or description below, select the financial statement(s) on which it would be reported. A few accounts will appear on more than one financial statement. Income Statement Statement of Stockholders' Equity Balance Sheet a) Accounts receivable b) Retained earnings c) Insurance Expense d) Fee revenue e) Supplies f) Certificate of deposit g) Cost of goods sold b) Note payable 1) Salary expense i) Dividends k) Common stock 1) Accounts payable m) Equipment n) Net income 0) Cash Totals...
On which financial statement(s) can you find "total current liabilities"? O Cash Flow Statement and Statement...
On which financial statement(s) can you find "total current liabilities"? O Cash Flow Statement and Statement of Stockholders' Equity Balance Sheet Balance Sheet and Statement of Stockholders' Equity Income Statement and Balance Sheet Balance Sheet and Cash Flows Statement 15 Question 7 On which financial statement(s) can you the company's total accounts payable"? Balance Sheet and Cash Flows Statement Income Statement and Balance Sheet O Cash Flow Statement and Statement of Stockholders' Equity Balance Sheet and Statement of Stockholders' Equity...
On which financial statement(s) can you find "income before income taxes"? Balance sheet Income Statement and...
On which financial statement(s) can you find "income before income taxes"? Balance sheet Income Statement and Statement of Stockholders' Equity Balance Sheet and Cash Flows Statement Income Statement and Balance Sheet O Income Statement D Question 3 15 On which financial statement(s) can you find "net income"? Income Statement and Balance Sheet O Income Statement, Balance Sheet, Statement of Stockholders' Equity and Cash Flows Statement Income Statement, Balance Sheet and Statement of Comprehensive Income Income Statement, Statement of Comprehensive Income,...
On which financial statement(s) can you find "provision for (benefit from) income taxes"? Income Statement and...
On which financial statement(s) can you find "provision for (benefit from) income taxes"? Income Statement and Statement of Stockholders' Equity Balance Sheet and Cash Flows Statement Cash Flow Statement and Statement of Stockholders' Equity Income Statement Income Statement and Balance Sheet Question 5 15 pts On which financial statement(s) can you find "earnings per share"? Balance sheet Income Statement O Cash Flow Statement Statement of Comprehensive Income Statement of Stockholders' Equity
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $150,000 and...
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $150,000 and a balance in retained earnings of $50,000. During the year, the company issued additional shares of stock for $40,000, earned net income of $30,000, and paid dividends of $10,000. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $ 52,600 13,400 24,000 200,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable...
A,.Which of the following shows how acquiring cash from the issue of common stock will affect...
A,.Which of the following shows how acquiring cash from the issue of common stock will affect a company’s financial statements? Balance sheet Income Statement Statement of Cash Flows Assets = Liabilities + Equity Rev. − Exp. = Net Inc. A. + = NA + + NA − NA = NA NA B. + = NA + + NA − NA = NA + IA C. + = NA + + NA − NA = NA + FA D. + =...
At the beginning of Year 1, a company reported a balance in common stock of $152,000...
At the beginning of Year 1, a company reported a balance in common stock of $152,000 and a balance in retained earnings of $52,000. During the year, the company issued additional shares of stock for $42,000, earned net income of $32,000, and paid dividends of $10,200. In addition, the company reported balances for the following assets and liabilities on December 31 $ Cash Supplies Prepaid rent Land $ 52,00 11.109 25,000 210,000 Liabilities Accounts payable Utilities payable Salaries payable Notes...
Common stock transactions on the statement of cash flows Jones Industries received $800,000 from issuing shares...
Common stock transactions on the statement of cash flows Jones Industries received $800,000 from issuing shares of its common stock and $700,000 from issuing bonds. During the year, Jones Industries also paid dividends of $90,000. How are the effects of these transactions reported on the statement of cash flows? Use the minus sign to indicate cash out flows, cash payments, decreases in cash and for any adjustments, if required. If a transaction has no effect on the statement of cash...
Issuing common stock would absolutely, without question, affect the balances reported on which financial statement(s)? (Select all that apply) Check All That Apply Balance Sheet Income Statement Statement of Stockholders' Equity Statement of Cash Flows
On which financial statement(s) would you find Common Stock? (Select all that apply.) Balance Sheet Income Statement Statement of Cash Flows Statement of Stockholders' Equity
For each account or description below, select the financial statement(s) on which it would be reported. A few accounts will appear on more than one financial statement. Income Statement Statement of Stockholders' Equity Balance Sheet a) Accounts receivable b) Retained earnings c) Insurance Expense d) Fee revenue e) Supplies f) Certificate of deposit g) Cost of goods sold b) Note payable 1) Salary expense i) Dividends k) Common stock 1) Accounts payable m) Equipment n) Net income 0) Cash Totals...
On which financial statement(s) can you find "total current liabilities"? O Cash Flow Statement and Statement of Stockholders' Equity Balance Sheet Balance Sheet and Statement of Stockholders' Equity Income Statement and Balance Sheet Balance Sheet and Cash Flows Statement 15 Question 7 On which financial statement(s) can you the company's total accounts payable"? Balance Sheet and Cash Flows Statement Income Statement and Balance Sheet O Cash Flow Statement and Statement of Stockholders' Equity Balance Sheet and Statement of Stockholders' Equity...
On which financial statement(s) can you find "income before income taxes"? Balance sheet Income Statement and Statement of Stockholders' Equity Balance Sheet and Cash Flows Statement Income Statement and Balance Sheet O Income Statement D Question 3 15 On which financial statement(s) can you find "net income"? Income Statement and Balance Sheet O Income Statement, Balance Sheet, Statement of Stockholders' Equity and Cash Flows Statement Income Statement, Balance Sheet and Statement of Comprehensive Income Income Statement, Statement of Comprehensive Income,...
On which financial statement(s) can you find "provision for (benefit from) income taxes"? Income Statement and Statement of Stockholders' Equity Balance Sheet and Cash Flows Statement Cash Flow Statement and Statement of Stockholders' Equity Income Statement Income Statement and Balance Sheet Question 5 15 pts On which financial statement(s) can you find "earnings per share"? Balance sheet Income Statement O Cash Flow Statement Statement of Comprehensive Income Statement of Stockholders' Equity
At the beginning of 2021, Artichoke Academy reported a balance in common stock of $150,000 and a balance in retained earnings of $50,000. During the year, the company issued additional shares of stock for $40,000, earned net income of $30,000, and paid dividends of $10,000. In addition, the company reported balances for the following assets and liabilities on December 31. Assets Cash Supplies Prepaid rent Land $ 52,600 13,400 24,000 200,000 Liabilities Accounts payable Utilities payable Salaries payable Notes payable...
At the beginning of Year 1, a company reported a balance in common stock of $152,000 and a balance in retained earnings of $52,000. During the year, the company issued additional shares of stock for $42,000, earned net income of $32,000, and paid dividends of $10,200. In addition, the company reported balances for the following assets and liabilities on December 31 $ Cash Supplies Prepaid rent Land $ 52,00 11.109 25,000 210,000 Liabilities Accounts payable Utilities payable Salaries payable Notes...
Most questions answered within 3 hours.
-
How would you train your employees to avoid risks of using
mobile devices?
asked 17 minutes ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 1 hour ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 2 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 2 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 4 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 4 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 5 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 6 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 6 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 6 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 7 hours ago