Homework Answers
It can be seen that all the answers except point number 7 are correct. Only point number 7 is Incorrect
Correct Activity for Point 7 Cash paid to purch ase short term investment is Investing
The main activities which falls under cash flow from investing activities are purchase and sale of assets and investments. Investment can be either Long-term or short term. Thus, Cash paid to purchase short term investment is Investing
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#33 QS 12-1 A Saved Check my work mode : This shows what is correct or...
QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either operating,...
QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Paid cash for property taxes on building. 2. Received cash dividends from investments. 3. Paid accounts payable with cash. 4. Sold stock investments for cash. 5. Paid cash for a building. 6. Cash paid to purchase long-term investments. 7. Received cash from long-term debt issuance. Issued preferred stock for cash. 9. Issued common stock for cash....
5A G Seved Check my work mode: This shows what is correct or incorrect for the...
5A G Seved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ing Required information The following information applies to the questions displayed below) Forten Company's current year income statement, comparative balance sheets, and additional information follow. For year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits...
why is that wrong ?? Check my work mode : This shows what is correct or...
why is that wrong ??
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in 2,100 Increase in accounts receivable Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in salaries payable (19,950) (1,500) (100) $ (1.750) Cash flows from investing activities Cash paid for equipment (8,400) $ (8,400) Cash flows from financing activities Cash received from stock issuance 10,000...
necmeuldLIILLUMIWLUMCLLIT Saved Check my work mode: This shows what is correct or incorrect for the work...
necmeuldLIILLUMIWLUMCLLIT Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ind Problem 13-20 Cost of Debt (L04) Micro Spinoffs Inc. issued 10-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today, the debt is selling at $1,080. If the firm's tax bracket is 21%, what is its percentage cost of debt? Assume a face value of $1,000. (Do not...
apter 2 HW Saved Check my work mode: This shows what is correct or incorrect for...
apter 2 HW Saved Check my work mode: This shows what is correct or incorrect for the work you Required information (The following information applies to the questions displayed below.) 2 of 2 Milea Inc, experienced the following events in Year 1, its first year of operations: 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the utility expense of $2,500. 4. Collected $48,000 of the accounts receivable. 5. Recorded...
er 3 Homework Saved Help Save Check my work mode : This shows what is correct...
er 3 Homework Saved Help Save Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Ret 7 E3-10 Recording Journal Entries and Determining Net Income [LO 3-2, LO 3-3] Cintu is a large marketer and distributor of food service products serving, restaurants, hotels, schools, hospitals, and other The following transactions are typical of those that occurred in a recent year, but the amounts are...
Saved Help Save & Exit heck my work mode : This shows what is correct or...
Saved Help Save & Exit heck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to Exercise 11-5 Payback period computation; even cash flows LO P1 Compute the payback period for each of these two separate investments: a. A new operating system for an existing machine is expected to cost $280,000 and have a useful life of six years. The system yielo an incremental...
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...
work 6 Saved my work mode: This shows what is correct or incorrect for the work...
work 6 Saved my work mode: This shows what is correct or incorrect for the work you have completed so Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2016, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15,...
Connected Register Pearson... SouthWesternFed Ta.. Check my work mode : This shows what is correct or...
Connected Register Pearson... SouthWesternFed Ta.. Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It For the Year Ended December 31, 2018 $ 950 Cost of goods sold Gross margin Operating expenses Depreciation Loss on sale of land Total operating expenses Operating income Other Income (expense) Gain on sale of cash equivalents Interest expense Income before tax Income tax expense Net Income HAVE COWY Selected Accounts from Comparative Balance...
QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Paid cash for property taxes on building. 2. Received cash dividends from investments. 3. Paid accounts payable with cash. 4. Sold stock investments for cash. 5. Paid cash for a building. 6. Cash paid to purchase long-term investments. 7. Received cash from long-term debt issuance. Issued preferred stock for cash. 9. Issued common stock for cash....
5A G Seved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ing Required information The following information applies to the questions displayed below) Forten Company's current year income statement, comparative balance sheets, and additional information follow. For year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits...
why is that wrong ??
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not in 2,100 Increase in accounts receivable Changes in current operating assets and liabilities Increase in inventory Decrease in accounts payable Decrease in salaries payable (19,950) (1,500) (100) $ (1.750) Cash flows from investing activities Cash paid for equipment (8,400) $ (8,400) Cash flows from financing activities Cash received from stock issuance 10,000...
necmeuldLIILLUMIWLUMCLLIT Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not ind Problem 13-20 Cost of Debt (L04) Micro Spinoffs Inc. issued 10-year debt a year ago at par value with a coupon rate of 6%, paid annually. Today, the debt is selling at $1,080. If the firm's tax bracket is 21%, what is its percentage cost of debt? Assume a face value of $1,000. (Do not...
apter 2 HW Saved Check my work mode: This shows what is correct or incorrect for the work you Required information (The following information applies to the questions displayed below.) 2 of 2 Milea Inc, experienced the following events in Year 1, its first year of operations: 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000. 3. Paid the utility expense of $2,500. 4. Collected $48,000 of the accounts receivable. 5. Recorded...
er 3 Homework Saved Help Save Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Ret 7 E3-10 Recording Journal Entries and Determining Net Income [LO 3-2, LO 3-3] Cintu is a large marketer and distributor of food service products serving, restaurants, hotels, schools, hospitals, and other The following transactions are typical of those that occurred in a recent year, but the amounts are...
Saved Help Save & Exit heck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Return to Exercise 11-5 Payback period computation; even cash flows LO P1 Compute the payback period for each of these two separate investments: a. A new operating system for an existing machine is expected to cost $280,000 and have a useful life of six years. The system yielo an incremental...
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...
work 6 Saved my work mode: This shows what is correct or incorrect for the work you have completed so Chance Company had two operating divisions, one manufacturing farm equipment and the other office supplies. Both divisions are considered separate components as defined by generally accepted accounting principles. The farm equipment component had been unprofitable, and on September 1, 2016, the company adopted a plan to sell the assets of the division. The actual sale was completed on December 15,...
Connected Register Pearson... SouthWesternFed Ta.. Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It For the Year Ended December 31, 2018 $ 950 Cost of goods sold Gross margin Operating expenses Depreciation Loss on sale of land Total operating expenses Operating income Other Income (expense) Gain on sale of cash equivalents Interest expense Income before tax Income tax expense Net Income HAVE COWY Selected Accounts from Comparative Balance...
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