1. which is not included un investing activities section of cash flow statement? a. sold long term investments for cash...
1. which is not included un investing activities section of cash flow statement?
a. sold long term investments for cash
b. paid a cash divided
c. sold land costing for cash
d. purchase of equipment for cash
2. which is true regarding product and period cost?
a. factory maintenance is a product cost
b. sales commission is a product cost
c. direct material is a period cost
d. factory wages are a period cost
3. which is not a manufacturing cost?
a. factory overhead cost
b. direct materials costs
c. selling costs
d. direct labor costs
Homework Answers
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1. Option B is the answer Cash dividend paid is a financing activity. |
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2. Option A is the answer Factory maintenance is a product cost |
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3. Option C is the answer Selling costs is a period cost. Not manufacturing cost. |
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1. which is not included un investing activities section of cash flow statement? a. sold long term investments for cash...
prepare the Investing Section Use the Exercise 16-8 Cash flows from investing activities Use the following...
prepare the Investing Section
Use the Exercise 16-8 Cash flows from investing activities Use the following information to determine cash flows from investing activities. a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14. b. Paid $89,000 cash for a new truck. C. Sold land costing $154,000 for $198.000 cash, yielding a gain of $44.000. d. Stock investments were sold for $60.800 cash, yielding a gain of $4,150.
Exercise 16-8 Cash flows from investing activities P3 Use the following information to determine cash flows...
Exercise 16-8 Cash flows from investing activities P3 Use the following information to determine cash flows from investing activities. a. Equipment with a book value of $65,300 and an original cost of $133,000 was! sold at a loss of $14,000. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Stock investments were sold for $60,800 cash, yielding a gain of $4,150. . . .
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of...
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $82,500 and an original cost of $167,000 was sold at a loss of $33,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $310,000 for $430,000 cash, yielding a gain of $120,000. d. Long-term investments in stock were sold for $91,400 cash, yielding again of $15,500 Use the above information to determine cash flows from investing activities. (Amounts to be deducted...
Exercise 16-8 Cash flows from investing activities P3 Use the following information to determine cash flows...
Exercise 16-8 Cash flows from investing activities P3 Use the following information to determine cash flows from investing activities. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000 a b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Stock investments were sold for $60,800 cash, yielding a gain of $4,150. Coch flowe fe Exereica 16 0
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of...
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $92,100 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts...
Which of the following would appear in the investing activities section of the statement of cash...
Which of the following would appear in the investing
activities section of the statement of cash flows?
Which of the following would appear in the investing activities section of the statement of cash flows? Multiple Choice Cash inflow from interest revenue Cash outflow for the purchase of land Cash outflow for the purchase of supplies Cash inflow from issuance of common stock
1. Cash borrowed from another corporation would be reported in which section of the Statement of...
1. Cash borrowed from another corporation would be reported in which section of the Statement of Cash Flows? a. Operating Activities b. Investing Activities c Financing Activities d. This would not be reported on the Statement of Cash Flows. Depreciation is deducted when calculating cash outflows for operating expenses when using the direct method because: a. depreciation is not an expense we pay cash for. b. depreciation belongs in the cash outflows for financing activities. c. depreciation is an accrued...
newconnectmheducation.com YouTube Ch 12 Homework amework Seved Exercise 12-8 Cash flows from investing activities LO P3...
newconnectmheducation.com YouTube Ch 12 Homework amework Seved Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $79,500 and an original cost of $161,000 was sold at a loss of $36,000 b. Paid $106,000 cash for a new truck. c. Sold land costing $320.000 for $405.000 cash, yielding again of $85.000 d. Long-term investments in stock were sold for $96,300 cash, yielding again of $15.500. Use the above information to determine cash flows from...
Topic: Investing and financing cash flows LO: 4 12. During 2016, Katie Company's long-term investments account...
Topic: Investing and financing cash flows LO: 4 12. During 2016, Katie Company's long-term investments account (at cost) decreased $28,000, which was the net result of purchasing stock costing $204,000 and selling stocks costing S232,000 at a $24,000 loss. Katie's notes payable account decreased $44,000, the net result of issuing $96,000 of notes and paying S140,000 during year on notes.. What items and amounts appear in the a. Cash flows from investing activities b. Cash flows from financing activities sections...
Exercise 12-8 Cash flows from investing activities LO P3
Equipment with a book value of $81,000 and an original cost of $166,000 was sold at a loss of $36,000.Paid $118,000 cash for a new truck.Sold land costing $315,000 for $400,000 cash, yielding a gain of $85,000.Long-term investments in stock were sold for $97,000 cash, yielding a gain of $14,000.Use the above information to determine cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
prepare the Investing Section
Use the Exercise 16-8 Cash flows from investing activities Use the following information to determine cash flows from investing activities. a. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14. b. Paid $89,000 cash for a new truck. C. Sold land costing $154,000 for $198.000 cash, yielding a gain of $44.000. d. Stock investments were sold for $60.800 cash, yielding a gain of $4,150.
Exercise 16-8 Cash flows from investing activities P3 Use the following information to determine cash flows from investing activities. a. Equipment with a book value of $65,300 and an original cost of $133,000 was! sold at a loss of $14,000. b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Stock investments were sold for $60,800 cash, yielding a gain of $4,150. . . .
Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $82,500 and an original cost of $167,000 was sold at a loss of $33,000. b. Paid $106,000 cash for a new truck. c. Sold land costing $310,000 for $430,000 cash, yielding a gain of $120,000. d. Long-term investments in stock were sold for $91,400 cash, yielding again of $15,500 Use the above information to determine cash flows from investing activities. (Amounts to be deducted...
Exercise 16-8 Cash flows from investing activities P3 Use the following information to determine cash flows from investing activities. Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a loss of $14,000 a b. Paid $89,000 cash for a new truck. c. Sold land costing $154,000 for $198,000 cash, yielding a gain of $44,000. d. Stock investments were sold for $60,800 cash, yielding a gain of $4,150. Coch flowe fe Exereica 16 0
Exercise 12-7 Cash flows from investing activities LO P3 a. Equipment with a book value of $81,500 and an original cost of $164,000 was sold at a loss of $32,000. b. Paid $100,000 cash for a new truck. c. Sold land costing $325,000 for $405,000 cash, yielding a gain of $80,000. d. Long-term investments in stock were sold for $92,100 cash, yielding a gain of $14,000. Use the above information to determine this company's cash flows from investing activities. (Amounts...
Which of the following would appear in the investing
activities section of the statement of cash flows?
Which of the following would appear in the investing activities section of the statement of cash flows? Multiple Choice Cash inflow from interest revenue Cash outflow for the purchase of land Cash outflow for the purchase of supplies Cash inflow from issuance of common stock
1. Cash borrowed from another corporation would be reported in which section of the Statement of Cash Flows? a. Operating Activities b. Investing Activities c Financing Activities d. This would not be reported on the Statement of Cash Flows. Depreciation is deducted when calculating cash outflows for operating expenses when using the direct method because: a. depreciation is not an expense we pay cash for. b. depreciation belongs in the cash outflows for financing activities. c. depreciation is an accrued...
newconnectmheducation.com YouTube Ch 12 Homework amework Seved Exercise 12-8 Cash flows from investing activities LO P3 a. Equipment with a book value of $79,500 and an original cost of $161,000 was sold at a loss of $36,000 b. Paid $106,000 cash for a new truck. c. Sold land costing $320.000 for $405.000 cash, yielding again of $85.000 d. Long-term investments in stock were sold for $96,300 cash, yielding again of $15.500. Use the above information to determine cash flows from...
Topic: Investing and financing cash flows LO: 4 12. During 2016, Katie Company's long-term investments account (at cost) decreased $28,000, which was the net result of purchasing stock costing $204,000 and selling stocks costing S232,000 at a $24,000 loss. Katie's notes payable account decreased $44,000, the net result of issuing $96,000 of notes and paying S140,000 during year on notes.. What items and amounts appear in the a. Cash flows from investing activities b. Cash flows from financing activities sections...
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