Answer 5:
Your required answer is option C i.e. A decrease in cash flows from operating activities
Explanation:
An increase in the accounts receivable is shown under operating Activities as a negative amount
Answer 6:
Your required answer is option B i.e. Payment of a Cash Dividends
Explanation:
Payment of cash dividend decrease the balance of cash flow from financing activities
Answer 7:
Your required answer is option C i.e. Issuance of common stock
Explanation:
Issuance of common stock is shown under cash flow from financing activities
Answer 8:
Your required answer is option B i.e. Financing Activities
Explanation:
Issuance of common stock is shown under cash flow from financing activities
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Help! Short or no explanations! Answer right and you will have postivle feedback! Answer all 4,...
Help! Short or no explanations! Answer right and you will have postivle feedback! Answer all 4, because accouding to the policy in a single post I can ask 4 questions! Thanks E connect TACCOUNTING Financial and Managerial Ac WLAC ACC 2 Sec 17366) Exam 1 < Question 1 (of 33) 1. A company's income statement showed the following: net income, $138,000; depreciation expense, $37,000; and gain on sale of plant assets, $11,000. An examination of the company's current assets and...
Help! Short or no explanations! Answer right and you will have postivle feedback! Answer all 4, because accouding to the policy in a single post I can ask 4 questions! Thanks ACCOUNTING WLAC ACC 2 - Sec 17366 Exam 1 < Question 9 of 33) 9. A company's transactions with its creditors to borrow money and/or to repay the principal amounts of both short and long-term debt are reported as cash flows from Operating activities Investing activities OOOOO Financing activities...
Help! Short or no explanations! Answer right and you will have postivle feedback! Answer all 4, because accouding to the policy in a single post I can ask 4 questions! Thanks Question 17 (of 33) 17 The comparison of a company's financial condition and performance to a base amount is known as: Financial reporting O Horizontal ratios. O Investment analysis Risk analysis. O Vertical analysis. 2020 MG 18. A company's sales in Year 1 were $360,000 and in Year 2...
Help! Short or no explanations! Answer right and you will have postivle feedback! Answer all 4, because accouding to the policy in a single post I can ask 4 questions! Thanks 13. The ability to provide financial rewards sufficient to attract and retain financing is called: O Liquidity and efficiency Solvency O Profitability Market prospects O Creditworthiness. 14. Three of the most common tools of financial analysis are: O Financial reporting, ratio analysis, vertical analysis. O Ratio analysis, horizontal analysis,...
Help! Short or no explanations! Answer right and you will have postivle feedback! Answer all 4, because accouding to the policy in a single post I can ask 4 questions! Thanks Question 21 (of 33) 21. Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 common size percentages for cost of goods sold using Net sales as the base. Net sales Cost of goods sold Operating expenses Net earnings 2015 $ 571,400 232,900 84,940 42.940...
Rojas Corporation’s comparative balance sheets are presented below. ROJAS CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $14,500 $10,700 Accounts receivable 20,800 23,800 Land 19,600 26,300 Buildings 70,100 70,100 Accumulated depreciation—buildings (15,000 ) (10,700 ) Total $110,000 $120,200 Accounts payable $11,800 $28,300 Common stock 75,000 73,400 Retained earnings 23,200 18,500 Total $110,000 $120,200 Additional information: 1. Net income was $22,800. Dividends declared and paid were $18,100. 2. No noncash investing and financing activities occurred during 2020. 3. The land...
QUESTION 7 The appropriate section in the statement of cash flows for reporting the net income is: o Operating activities, O Financing activities. O Investing activities. O Schedule of noncash investing or financing activity O This is not reported on the statement of cash flows. QUESTION 8 The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is Operating activities. O Financing activities. O Investing activities. Schedule of noncash investing or financing...
Velo Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $72,800 $33,200 Accounts receivable 86,500 70,700 Inventory 170,200 187,000 Land 72,700 100,700 Equipment 260,700 200,600 Accumulated depreciation—equipment (65,700 ) (33,500 ) Total $597,200 $558,700 Liabilities and Stockholders’ Equity Accounts payable $35,400 $46,500 Bonds payable 149,800 203,300 Common stock ($1 par) 218,000 173,000 Retained earnings 194,000 135,900 Total $597,200 $558,700 Additional information: 1. Net income for 2020 was $103,600. 2. Cash dividends of $45,500 were declared and paid. 3. Bonds...
Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 2019 Cash $72,800 $33,200 Accounts receivable 86,500 70,700 Inventory 170,200 187,000 Land 72,700 100,700 Equipment 260,700 200,600 Accumulated depreciation—equipment (65,700 ) (33,500 ) Total $597,200 $558,700 Liabilities and Stockholders’ Equity Accounts payable $35,400 $46,500 Bonds payable 149,800 203,300 Common stock ($1 par) 218,000 173,000 Retained earnings 194,000 135,900 Total $597,200 $558,700 Additional information: 1. Net income for 2020 was $103,600. 2. Cash dividends...
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...