Homework Answers
Which of the following transactions is an investing activity that would affect the statement of cash flows.?
Answer : ( B ) purchasing equipment with a credit card
The indirect method of the statement of cash flows?
Answer: ( A ) will show net income as the first item in the operating activity section
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> Question 1 0.2 pts Which of the following transactions is an investing activity that would...
1. The COSO Framework describes 5 components of internal control. What is the purpose of internal...
1. The COSO Framework describes 5 components of internal control. What is the purpose of internal controls from a financial accounting perspective? To guarantee no fraud will occur in the organization. To help safeguard the company's assets. To help improve the accuracy and reliability of the accounting information. To prevent collusion. Group of answer choices 1 and 4 1, 2, and 3 2 and 3 2, 3, and 4 1, 2, 3, and 4 2. Which of the following is...
purchasing inventory on account would be classified as what type of activity on the statement of...
purchasing inventory on account would be classified as what
type of activity on the statement of cash flows?
Question 8 0.5 pts Purchasing inventory on account would be classified as what type of activity on the Statement of Cash Flows? Financing Would not be on the Statement of Cash Flows Investing Operating
Question 3 5 pts Which of the following transactions would NOT be reported in the investing...
Question 3 5 pts Which of the following transactions would NOT be reported in the investing section of the statement of cash flows? Sale of equipment Payment of salaries and wages Purchase of land Sale of a long term investment in another business Question 4 5 pts Smith Inc. had a required rate of return of 10%. They are considering investing in a new project that is expected to have an internal rate of return of 8%. Considering these criteria...
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...
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity...
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity (1), a financing activity (F), a non-cash investing and financing activity (NIF), or a trans- action that is not reported on the cash flow statement (N). For each cash flow, indicate whether the item increases (+) or decreases (-) cash. Assume the direct method is used to report cash flows from operating activities. for the cash w statement a. NIF e.I- g.O+ Activity (+)/)...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an additi...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an addition to net income of $5,000 26. Cash paid for equipment would be reported in the statement of cash flows in a the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d a separate schedule 27. Which of the following types of transactions would be reported as a...
7. Which of the following would be classified as a financing activity on a statement of...
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
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....
QUESTION 7 The appropriate section in the statement of cash flows for reporting the net income...
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...
The following transactions pertain to the operations of Ewing Company for 2018: 1. Acquired $30,000 cash...
The following transactions pertain to the operations of Ewing Company for 2018: 1. Acquired $30,000 cash from the issue of common stock. 2. Provided $65,000 of services on account. 3. Paid $22.000 cash on accounts payable. 4. Performed services for $8,000 cash. 5. Collected $51,000 cash from accounts receivable. 6. Incurred $37,000 of operating expenses on account 7. Paid $6,500 cash for one year's rent in advance 8. Paid a $4.000 cash dividend to the stockholders 9. Paid $1,200 cash...
purchasing inventory on account would be classified as what
type of activity on the statement of cash flows?
Question 8 0.5 pts Purchasing inventory on account would be classified as what type of activity on the Statement of Cash Flows? Financing Would not be on the Statement of Cash Flows Investing Operating
Question 3 5 pts Which of the following transactions would NOT be reported in the investing section of the statement of cash flows? Sale of equipment Payment of salaries and wages Purchase of land Sale of a long term investment in another business Question 4 5 pts Smith Inc. had a required rate of return of 10%. They are considering investing in a new project that is expected to have an internal rate of return of 8%. Considering these criteria...
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...
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity (1), a financing activity (F), a non-cash investing and financing activity (NIF), or a trans- action that is not reported on the cash flow statement (N). For each cash flow, indicate whether the item increases (+) or decreases (-) cash. Assume the direct method is used to report cash flows from operating activities. for the cash w statement a. NIF e.I- g.O+ Activity (+)/)...
c an increase of $$1,000 from investing activities d an increase of $46,000 from investing activities and an addition to net income of $5,000 26. Cash paid for equipment would be reported in the statement of cash flows in a the cash flows from operating activities section b. the cash flows from financing activities section c. the cash flows from investing activities section d a separate schedule 27. Which of the following types of transactions would be reported as a...
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
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....
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...
The following transactions pertain to the operations of Ewing Company for 2018: 1. Acquired $30,000 cash from the issue of common stock. 2. Provided $65,000 of services on account. 3. Paid $22.000 cash on accounts payable. 4. Performed services for $8,000 cash. 5. Collected $51,000 cash from accounts receivable. 6. Incurred $37,000 of operating expenses on account 7. Paid $6,500 cash for one year's rent in advance 8. Paid a $4.000 cash dividend to the stockholders 9. Paid $1,200 cash...
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