Homework Answers
1) Non cash investing and financing activities
So answer is b) Issuance of Common Stock to acquire land
2) When company purchase equipment it is investing activities
So answer is a) Investing activities
3) Percentage increase in sales = (730280-585596)/730280 = 19.81%
So answer is d) 19.81%
Add Answer to:
Calculator Which of the following is a noncash investing and financing activity? Opayment of a six-month...
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...
QUESTION 24 An income statement would not include OA discontinued operations. OB dividends paid. OC other...
QUESTION 24 An income statement would not include OA discontinued operations. OB dividends paid. OC other revenue and gains. OD extraordinary items. QUESTION 26 Generally, the most important category on the statement of cash flows is cash flows from OA operating activities. OB investing activities OC. financing activities OD. significant noncash activities
Which one of the following is an example of cash flows from financing activities? O A....
Which one of the following is an example of cash flows from financing activities? O A. Payments of wages to employees OB. Purchases of long term investment in other companies OC. Proceeds from the issuance of bonds and notes payable OD. Receipts of cash from sales
is used? Impact of Cash and Stock Dividends LOL.3 The account balances for the noncash current...
is used? Impact of Cash and Stock Dividends LOL.3 The account balances for the noncash current assets and current liabilities of Abraham Music Company are as follows: December 31 2011 2012 Dividends payable $50,000 $ 40,000 Retained earnings 545,000 375,000 Other information for 2011: a. Abraham reported $375,000 in net income for 2011. b. The company declared and distributed a stock dividend of $85,000 during the year. c. The company declared cash dividends at the end of each quarter and...
Which of the following is reported as an investing activity in the statement of cash flows?...
Which of the following is reported as an investing activity in the statement of cash flows? Multiple Choice The receipt of dividend revenue. The payment of cash dividends. The sale of machinery. The payment of interest on bonds. A firm reported salaries expense of $244,000 for the current year. The beginning and ending balances in salaries payable were $42,000 and $12,000, respectively. What was the amount of cash paid for salaries? Multiple Choice $244,000. $274,000. $298,000. $214,000. Cash flows from...
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...
Practice Question 08 Which of the following statements is correct? Significant financing and investing activities that...
Practice Question 08 Which of the following statements is correct? Significant financing and investing activities that do not affect cash are not reported since they don't affect cash. Significant financing and investing activities that do not affect cash are reported in either a separate schedule at the bottom of the statement Significant noncash financing and investing activities are reported on the company's income statement. Only financing and investing activities that directly affect cash are reported in a company's statement of...
Jobim Inc., had the following condensed balance sheet at the end of operations for 2013 CALCULATOR...
Jobim Inc., had the following condensed balance sheet at the end of operations for 2013 CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Cash Current assets other than cash Investments Plant assets (net) JOBIM INC. BALANCE SHEET DECEMBER 31, 2013 $8,360 Current liabilities 29,330 Long-term notes payable 20,190 Bonds payable 67,050 Capital stock 39,870 Retained earnings $164,800 $15,230 25,300 25,370 74,950 23,950 $164,800 Land During 2014, the following occurred. 1. Atract of land was purchased for $11,360. 2. Bonds payable in...
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...
QUESTION 24 An income statement would not include OA discontinued operations. OB dividends paid. OC other revenue and gains. OD extraordinary items. QUESTION 26 Generally, the most important category on the statement of cash flows is cash flows from OA operating activities. OB investing activities OC. financing activities OD. significant noncash activities
Which one of the following is an example of cash flows from financing activities? O A. Payments of wages to employees OB. Purchases of long term investment in other companies OC. Proceeds from the issuance of bonds and notes payable OD. Receipts of cash from sales
is used? Impact of Cash and Stock Dividends LOL.3 The account balances for the noncash current assets and current liabilities of Abraham Music Company are as follows: December 31 2011 2012 Dividends payable $50,000 $ 40,000 Retained earnings 545,000 375,000 Other information for 2011: a. Abraham reported $375,000 in net income for 2011. b. The company declared and distributed a stock dividend of $85,000 during the year. c. The company declared cash dividends at the end of each quarter and...
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...
Practice Question 08 Which of the following statements is correct? Significant financing and investing activities that do not affect cash are not reported since they don't affect cash. Significant financing and investing activities that do not affect cash are reported in either a separate schedule at the bottom of the statement Significant noncash financing and investing activities are reported on the company's income statement. Only financing and investing activities that directly affect cash are reported in a company's statement of...
Jobim Inc., had the following condensed balance sheet at the end of operations for 2013 CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Cash Current assets other than cash Investments Plant assets (net) JOBIM INC. BALANCE SHEET DECEMBER 31, 2013 $8,360 Current liabilities 29,330 Long-term notes payable 20,190 Bonds payable 67,050 Capital stock 39,870 Retained earnings $164,800 $15,230 25,300 25,370 74,950 23,950 $164,800 Land During 2014, the following occurred. 1. Atract of land was purchased for $11,360. 2. Bonds payable in...
Most questions answered within 3 hours.
-
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 3 minutes ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 4 minutes ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 41 minutes ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 2 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 3 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 3 hours ago -
An empty test tube weighs 15.923 grams. Then,
MgCl2•6H2O is added into the test tube. After...
asked 3 hours ago -
Assume memory access is 10 units of time and disk access is
10000 units of time....
asked 3 hours ago -
1. Are all good samples random?
2. Magazines often report surveys giving statistics such as “63%...
asked 4 hours ago -
Under all the various types of market structures, firms
must eventually earn some economic profits for...
asked 3 hours ago -
Consider the following fitness regime for a single locus trait
with two co-dominant alleles: w11 =...
asked 4 hours ago -
A large cable company reports the following.
80% of its customers subscribe to its cable TV...
asked 4 hours ago