Homework Answers
| Transaction or event | Activities | |
| A. | an organisation pays an employee a sales commission | operating |
| B. | an organisation advertises a new product | operating |
| C. | an owner contributes equipment to the business | financing |
| D. | an organisation pays its monthly rent expenses | operating |
| E. | an organisation purchases equipment | Investing |
Operating Activities relates to the activities which are carried out in normal course of business and are core activities related to providing goods/ services in order to earn revenue.
Investing Activities relates to sale and purchase of long term assets and investments of business.
Financing activities relates to the activities carried out to finance or fund the business
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Match each transaction or event to one of the following activities of an organization: financing activities,...
For each transaction identify the appropriate section in the statement of cash flows reports transaction to...
For
each transaction identify the appropriate section in the statement
of cash flows reports transaction to choosing cash flows from
operating activities (o) cash flow from investing activities (I)
cash flowfrom financing activities (f) or it is not on the
statement of cash flows (x)
*** Section on the Positive (+) or negative (-) cash flow statement of cash flows Transaction The business received cash from the owner in exchange for a. capital. b. Paid cash on accounts payable for...
Identify how each of the following separate transactions through 10 affects financial statements. For increases, place...
Identify how each of the following separate transactions through 10 affects financial statements. For increases, place a ""and the dollar amount in the column or columns. For decreases, place a '- and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease ( along with the dollar amounts. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities,...
Homework Help Save & Exit Check my Required: a. For the balance sheet, identify how each...
Homework Help Save & Exit Check my Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Sheet Income Statement Total Assets Net Income Balance Sheet Total Total Liabilities Equity 1900 4700 500...
Identify each of the following activities as operating, investing, or financing, A. Issuance of common stock...
Identify each of the following activities as operating, investing, or financing, A. Issuance of common stock - Fincang B. Sale of merchandise inventory - bertentoons C. Payment of employee salary D. Deposition of equipment to manufacture a company's products E. Investment in the shares of another company Determine the
Identify how each of the following separate transactions through 10 affects financial statements. For increases, place...
Identify how each of the following separate transactions through 10 affects financial statements. For increases, place a "+" and the dollar amount in the column or columns. For decreases, place a "-" and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities,...
Help Check my work mode: This shows what is correct or incorrect for the work you...
Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate complet Hentify how each transaction affects net income. .. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Answer is not complete. Balance Sheet Income Statement Statement of Cash Flows Transaction Total Liabilities Operating Activities Investing Activities Total...
Problem Set B, located at the end of Problem Set A, is provided for each problem...
Problem Set B, located at the end of Problem Set A, is provided for each problem to reinforce the learning process, i mulluus ale SIU.000. Un August 4. Lola lupuit following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $3,000 cash and $7,000 in equipment in exchange for Lola stock. After the investment, what is the amount of equity for Lola? connect Identify how each of the following separate transactions 1 through 10...
Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases,...
Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a "+"and the dollar amount in the column or columns. For decreases, place a "and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease () along with the dollar amounts. The first transaction is completed as an example Required a. For the balance sheet, identify how each transaction affects total assets, total liabilities,...
assify the following business activities using the drop-down list. Items Item #1 Acquiring resources (assets) that...
assify the following business activities using the drop-down list. Items Item #1 Acquiring resources (assets) that an organization plans to use to acquire and sell its products or services Item #2 Resources contributed by creditors Item #3 Disposing of resources (assets) that an organization uses to acquire and sell its products or services Item #4 Sales and revenues Item #15 Resources contributed by the owner along with any income the owner leaves in the organization Activities Investing Financing Operating Financing...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used...
For
each transaction identify the appropriate section in the statement
of cash flows reports transaction to choosing cash flows from
operating activities (o) cash flow from investing activities (I)
cash flowfrom financing activities (f) or it is not on the
statement of cash flows (x)
*** Section on the Positive (+) or negative (-) cash flow statement of cash flows Transaction The business received cash from the owner in exchange for a. capital. b. Paid cash on accounts payable for...
Identify how each of the following separate transactions through 10 affects financial statements. For increases, place a ""and the dollar amount in the column or columns. For decreases, place a '- and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease ( along with the dollar amounts. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities,...
Homework Help Save & Exit Check my Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities, and total equity. For the income statement, identify how each transaction affects net income. b. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Sheet Income Statement Total Assets Net Income Balance Sheet Total Total Liabilities Equity 1900 4700 500...
Identify each of the following activities as operating, investing, or financing, A. Issuance of common stock - Fincang B. Sale of merchandise inventory - bertentoons C. Payment of employee salary D. Deposition of equipment to manufacture a company's products E. Investment in the shares of another company Determine the
Identify how each of the following separate transactions through 10 affects financial statements. For increases, place a "+" and the dollar amount in the column or columns. For decreases, place a "-" and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease (-) along with dollar amounts. The first transaction is completed as an example. Required: a. For the balance sheet, identify how each transaction affects total assets, total liabilities,...
Help Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate complet Hentify how each transaction affects net income. .. For the statement of cash flows, identify how each transaction affects cash flows from operating activities, cash flows from investing activities, and cash flows from financing activities. Answer is not complete. Balance Sheet Income Statement Statement of Cash Flows Transaction Total Liabilities Operating Activities Investing Activities Total...
Problem Set B, located at the end of Problem Set A, is provided for each problem to reinforce the learning process, i mulluus ale SIU.000. Un August 4. Lola lupuit following SASB guidelines. Investors react positively to this report. On August 5, a new investor contributes $3,000 cash and $7,000 in equipment in exchange for Lola stock. After the investment, what is the amount of equity for Lola? connect Identify how each of the following separate transactions 1 through 10...
Identify how each of the following separate transactions 1 through 10 affects financial statements. For increases, place a "+"and the dollar amount in the column or columns. For decreases, place a "and the dollar amount in the column or columns. Some cells may contain both an increase (+) and a decrease () along with the dollar amounts. The first transaction is completed as an example Required a. For the balance sheet, identify how each transaction affects total assets, total liabilities,...
assify the following business activities using the drop-down list. Items Item #1 Acquiring resources (assets) that an organization plans to use to acquire and sell its products or services Item #2 Resources contributed by creditors Item #3 Disposing of resources (assets) that an organization uses to acquire and sell its products or services Item #4 Sales and revenues Item #15 Resources contributed by the owner along with any income the owner leaves in the organization Activities Investing Financing Operating Financing...
Transaction Cash involved? (Yes or No) Type of CASH FLOW Operating, Investing, Financing, or None Use the first letter (O, I, F, N) 12. Paid dividends to stockholders 13. Paid interest on the loan 14. Provided services to customers on account 15. Paid for equipment purchased for the company Use the following to answer questions 16-20 Following are the transaction of TAR Inc., which provides consulting services related to mining of precious metals. Transaction Amount of Transaction $345,000 Cash used...
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