Problem III: The following are typical business activities for Triangle Construction Inc., a local building contractor. For each of the transactions described below, indicate whether the business activity is an example of an operating (O), investing (I), or financing (F) activity.
Homework Answers
Classification
| f. Paid back the principal on the loan from the bank | Financing |
| g. Paid investors a dividend | Operating/Investing |
| h Purchased office supplies | Operating |
Add Answer to:
Problem III: The following are typical business activities for Triangle Construction Inc., a local building contractor....
For each of the transactions described below, indicate whether the business activity is an example of...
For each of the transactions described below, indicate whether the business activity is an example of an operating, investing, and financing activity. a) received cash from investors in exchange for common stock b) received a loan from the bank for the purpose of buying construction equipment c) purchased construction equipment d) provided construction services to local clients e) paid wages to construction workers f) paid back the principal on the loan from the bank g) paid investors a dividend h)...
P1-1A Below are typical transactions for Hewlett-Packard. Type of Business Activity Transactions Pay amount owed to...
P1-1A Below are typical transactions for Hewlett-Packard. Type of Business Activity Transactions Pay amount owed to the bank for previous borrowing. Pay utility costs. Purchase equipment to be used in operations. Provide services to customers. Purchase office supplies. Purchase a building. Pay workers' salaries. Pay for research and development costs. Pay taxes to the IRS." Sell common stock to investors. Required: Indicate whether each transaction is classified as a financing, investing, or operating activity.
For each of the following transactions, indicate whether the cash flow is an operating, investing, or...
For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on a...
Listed below are the typical funds that might be used by a state or local government...
Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list the transaction would be entered....
Listed below are the typical funds that might be used by a state or local government...
Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list, the transaction would be entered....
Motif Furniture designs and sells modern furniture. For each of the following first-quarter transactions, indicate whether...
Motif Furniture designs and sells modern furniture. For each of the following first-quarter transactions, indicate whether operating (O), investing (), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (-). Activity Cash Flow 1. Bought used equipment for cash 2 Paid cash to purchase new equipment 3. Declared and paid cash dividends to shareholders 4. Collected payments on account from customers 5. Recorded an adjusting entry to record accrued salaries expense Recorded...
Current Attempt in Progress Use the following abbreviations to answer this question: Operating activities item Investing...
Current Attempt in Progress Use the following abbreviations to answer this question: Operating activities item Investing activities item Financing activities item F Classify each of the following transactions according to whether they are operating, financing, or investing activities using direct method. (Select N/A for a non cash item.) v a. Proceeds from the sale of an investment in another company's shares b. Acquisition of a business c. Cash paid to suppliers of inventory d. Acquisition of a long-term bank loan...
Among the transactions of Salem, Inc., were the following. a. Made payments on accounts payable to...
Among the transactions of Salem, Inc., were the following. a. Made payments on accounts payable to merchandise suppliers. b. Paid the principal amount of a note payable to First State Bank c. Paid interest charges relating to a note payable to First State Bank d. Issued bonds payable for cash; management plans to use this cash in the near future to expand manufacturing and warehouse capabilities e. Paid salaries to employees in the finance department. f. Collected an account receivable...
Classyily Casil PIUWS Among the transactions of Marvel Manufacturing were the following. 1. Made payments on...
Classyily Casil PIUWS Among the transactions of Marvel Manufacturing were the following. 1. Made payments on accounts payable to office suppliers. 2. Paid the principal amount of a mortgage to Seventh Bank. 3. Paid interest charges relating to a mortgage to Seventh Bank. 4. Issued preferred stock for cash; management plans to use this cash in the near future to purchase another company. 5. Paid salaries to employees in the finance department. 6. Collected an account receivable from a customer....
PA12-1 Determining Cash Flow Statement Effects of Transactions [LO 12-11 Mouf Furniture is an Austin-based furniture...
PA12-1 Determining Cash Flow Statement Effects of Transactions [LO 12-11 Mouf Furniture is an Austin-based furniture company. For each of the following first-quarter transactions, indicate whether operating (O), investing (l), or financing activities (F) are affected and whether the effect is a cash has no effect on cash. Activity Cash Flow Transaction 1. Bought used equipment for cash. 2. Paid cash to purchase new equipment 3. Declared and paid cash dividends to stockholders. 4. Collected payments on account from customers....
P1-1A Below are typical transactions for Hewlett-Packard. Type of Business Activity Transactions Pay amount owed to the bank for previous borrowing. Pay utility costs. Purchase equipment to be used in operations. Provide services to customers. Purchase office supplies. Purchase a building. Pay workers' salaries. Pay for research and development costs. Pay taxes to the IRS." Sell common stock to investors. Required: Indicate whether each transaction is classified as a financing, investing, or operating activity.
For each of the following transactions, indicate whether the cash flow is an operating, investing, or financing activity for purposes of preparing a statement of cash flows. In addition, be specific with respect to whether the activity leads to an inflow of cash or an outflow of cash from the company's perspective. A company pays salaries to employees. Choose... A company receives cash for services it will perform in the future. Choose... A company pays back the principal on a...
Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list the transaction would be entered....
Listed below are the typical funds that might be used by a state or local government to maintain appropriate accounting for the various transactions that could occur. TYPICAL FUNDS USED BY STATE AND LOCAL GOVERNMENTS GF SRF CPF DSF ISF EF PF General Fund Special Revenue Fund Capital Projects Fund Debt Service Fund Internal Service Fund Enterprise Fund Permanent Fund REQUIRED: For each of the attached transactions, indicate into which fund, from the given list, the transaction would be entered....
Motif Furniture designs and sells modern furniture. For each of the following first-quarter transactions, indicate whether operating (O), investing (), or financing activities (F) are affected and whether the effect is a cash inflow (+) or outflow (-). Activity Cash Flow 1. Bought used equipment for cash 2 Paid cash to purchase new equipment 3. Declared and paid cash dividends to shareholders 4. Collected payments on account from customers 5. Recorded an adjusting entry to record accrued salaries expense Recorded...
Current Attempt in Progress Use the following abbreviations to answer this question: Operating activities item Investing activities item Financing activities item F Classify each of the following transactions according to whether they are operating, financing, or investing activities using direct method. (Select N/A for a non cash item.) v a. Proceeds from the sale of an investment in another company's shares b. Acquisition of a business c. Cash paid to suppliers of inventory d. Acquisition of a long-term bank loan...
Among the transactions of Salem, Inc., were the following. a. Made payments on accounts payable to merchandise suppliers. b. Paid the principal amount of a note payable to First State Bank c. Paid interest charges relating to a note payable to First State Bank d. Issued bonds payable for cash; management plans to use this cash in the near future to expand manufacturing and warehouse capabilities e. Paid salaries to employees in the finance department. f. Collected an account receivable...
Classyily Casil PIUWS Among the transactions of Marvel Manufacturing were the following. 1. Made payments on accounts payable to office suppliers. 2. Paid the principal amount of a mortgage to Seventh Bank. 3. Paid interest charges relating to a mortgage to Seventh Bank. 4. Issued preferred stock for cash; management plans to use this cash in the near future to purchase another company. 5. Paid salaries to employees in the finance department. 6. Collected an account receivable from a customer....
PA12-1 Determining Cash Flow Statement Effects of Transactions [LO 12-11 Mouf Furniture is an Austin-based furniture company. For each of the following first-quarter transactions, indicate whether operating (O), investing (l), or financing activities (F) are affected and whether the effect is a cash has no effect on cash. Activity Cash Flow Transaction 1. Bought used equipment for cash. 2. Paid cash to purchase new equipment 3. Declared and paid cash dividends to stockholders. 4. Collected payments on account from customers....
Most questions answered within 3 hours.
-
R2.84: There are 2 defective products in a production lot of 10.
An inspector randomly selected...
asked 58 minutes ago -
Consider the following equilibrium system: COCl2(g) CO(g) +
Cl2(g) A 10.00 L evacuated flask is filled...
asked 1 hour ago -
1) What are the two distinct steps that one needs to perform
when developing a data...
asked 1 hour ago -
2) Write a C++ program that uses a class called “Degree” to
obtain the trigonometric
values...
asked 2 hours ago -
1. In eukaryotic cells the genomes of
&
asked 2 hours ago -
The standard enthalpy of propanol (C3H7OH) is -303.0 kJ/mol.
Compute both of the
gross and net...
asked 2 hours ago -
Why PWM using H-bridge for control motor speed is more power
effiecient than the linear amplifier...
asked 2 hours ago -
In 1999, Carly Fiorina famously said,"I hope that we are at a
point that everyone is...
asked 2 hours ago -
Individuals in a species of moth vary in wing color from white to
black, but all...
asked 3 hours ago -
The following standards for variable manufacturing overhead have
been established for a company that makes only...
asked 3 hours ago -
The United States government wanted to determine what proportion
of Americans approve of the current president,...
asked 3 hours ago -
2-N stone is dropped from the top of a cliff. The stone hits the
ground 3...
asked 3 hours ago