Homework Answers
| Repayment of Mortgage | Financing Activity |
| Payment of interest on mortgae | Operating Activity |
| Purchase of land in exchange of shares | Non cash investing and financing activity |
| Issue preferred sock for cash | Financing activity |
| Held for trading securities | Operating |
| Collection of accounts receivable | Operating |
| Declaration of dividend | Non of above |
| Payment of dividend | Financing activity |
| Cash purchase inventory | Operating activity |
| Depreciation | None of above |
| purchase and cancellation of shares | Financing activity |
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For wachttheation des aspire Investing facing or can chesting and financing activity that of the above...
For each of the following transactions, indicate whether it will result in an increase, decrease, or...
For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash flows: (a) Decrease Repayment of mortgage payable (b) Decrease Payment of interest on mortgage (c) No Effect Purchase of land in exchange for common shares (d) Increase Issue of preferred shares for cash X Payment for the purchase of a held for trading investment that is not a cash equivalent (e) No Effect Collection of accounts receivable (f) Increase...
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...
For each of the following transactions, indicate whether it will result in an increase, decrease, or...
For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash flows: (a)Decrease Repayment of mortgage payable (b)Decrease Payment of interest on mortgage Purchase of land in exchange for common shares (d) Increase Issue of preferred shares for cash (e) No Effect Payment for the purchase of a held for trading investment that is not a cash equivalent (0) Increase Collection of accounts receivable (9)No Effect Declaration of cash dividend...
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 (+)/)...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank loan f. Interest...
P 10-2 Cash Flows Classification Operating Investing Financing Effect on Cash Activity Activity Activity Increase Decrease...
P 10-2 Cash Flows Classification Operating Investing Financing Effect on Cash Activity Activity Activity Increase Decrease Data a. Net income b. Paid cash dividend c. Increase in receivables d. Retirement of debt-paying cash Purchase of treasury stock Purchase of equipment e. f. Cash Flows Classification Operating Investing Financing Noncash Effect on Cash Trans- Decrease actions Data Activity Activity Activity Increase Sale of equipment Decrease in inventory Acquisition of land, using common stock Retired bonds, using common stock Decrease in accounts...
Classify each of the following events as an Operating Activity (OA), Investing Activity (1A), Financing Activity...
Classify each of the following events as an Operating Activity (OA), Investing Activity (1A), Financing Activity (FA), or not applicable (NA) on the statement of cash flows: (1) Perfomed services for $25,000 cash (2) Purchased land for $9,000 cash (3) Received $100,000 from the issuance of common stock (4) Paid $14,000 cash for salary expense (5) Sold land for $8,000 cash (6) Earned $25,000 of service revenue on account (7) Paid a $3,500 cash dividend (8) Collected $14,000 of the...
QUESTION 16 Which event describes a non-cash Investing and Financing activity? a. Payment of a cash...
QUESTION 16 Which event describes a non-cash Investing and Financing activity? a. Payment of a cash dividend. b. Payment on a Note Payable. Oo. Purchase of inventory on account. d. Issue of Common Stook in exchange for Land. QUESTION 17 The Net Income for the year was $275,000. Depreciation on equipment and Amortization on a patent were $40,000 and 50.000 respectively. Balances in the current assets and current liabilities were as follows: Ending Beginning Cash $50,000 500.000 Acct. Rec. $112.000...
Calculator Which of the following is a noncash investing and financing activity? Opayment of a six-month...
Calculator Which of the following is a noncash investing and financing activity? Opayment of a six-month note payable issuance of common stock to acquire land purchase of inventory on account Opayment of a cash dividend Calculator A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under Oa. investing activities. Ob. noncash investing and financing activities. Oc. financing activities. Od. operating activities. Calculator Assume the following sales data for a company: $730,280...
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...
For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash flows: (a) Decrease Repayment of mortgage payable (b) Decrease Payment of interest on mortgage (c) No Effect Purchase of land in exchange for common shares (d) Increase Issue of preferred shares for cash X Payment for the purchase of a held for trading investment that is not a cash equivalent (e) No Effect Collection of accounts receivable (f) Increase...
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...
For each of the following transactions, indicate whether it will result in an increase, decrease, or have no effect on cash flows: (a)Decrease Repayment of mortgage payable (b)Decrease Payment of interest on mortgage Purchase of land in exchange for common shares (d) Increase Issue of preferred shares for cash (e) No Effect Payment for the purchase of a held for trading investment that is not a cash equivalent (0) Increase Collection of accounts receivable (9)No Effect Declaration of cash dividend...
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 (+)/)...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank loan f. Interest...
P 10-2 Cash Flows Classification Operating Investing Financing Effect on Cash Activity Activity Activity Increase Decrease Data a. Net income b. Paid cash dividend c. Increase in receivables d. Retirement of debt-paying cash Purchase of treasury stock Purchase of equipment e. f. Cash Flows Classification Operating Investing Financing Noncash Effect on Cash Trans- Decrease actions Data Activity Activity Activity Increase Sale of equipment Decrease in inventory Acquisition of land, using common stock Retired bonds, using common stock Decrease in accounts...
Classify each of the following events as an Operating Activity (OA), Investing Activity (1A), Financing Activity (FA), or not applicable (NA) on the statement of cash flows: (1) Perfomed services for $25,000 cash (2) Purchased land for $9,000 cash (3) Received $100,000 from the issuance of common stock (4) Paid $14,000 cash for salary expense (5) Sold land for $8,000 cash (6) Earned $25,000 of service revenue on account (7) Paid a $3,500 cash dividend (8) Collected $14,000 of the...
QUESTION 16 Which event describes a non-cash Investing and Financing activity? a. Payment of a cash dividend. b. Payment on a Note Payable. Oo. Purchase of inventory on account. d. Issue of Common Stook in exchange for Land. QUESTION 17 The Net Income for the year was $275,000. Depreciation on equipment and Amortization on a patent were $40,000 and 50.000 respectively. Balances in the current assets and current liabilities were as follows: Ending Beginning Cash $50,000 500.000 Acct. Rec. $112.000...
Calculator Which of the following is a noncash investing and financing activity? Opayment of a six-month note payable issuance of common stock to acquire land purchase of inventory on account Opayment of a cash dividend Calculator A company purchases equipment for $32,000 cash. This transaction should be shown on the statement of cash flows under Oa. investing activities. Ob. noncash investing and financing activities. Oc. financing activities. Od. operating activities. Calculator Assume the following sales data for a company: $730,280...
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...
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