c. Receipt from sale of common stock, S12,300 a. Net income, $68,000 b. Increase in accounts receivable, $4,400 oppright 200 Cengage Leuning. All Rights Reservad. May t be copiod, samod, or duplicated, in whede or in purt. Due to clectnunic rights, ome third party content may be suppressed from the cBook andie eChapteris). ial reviee has doemed that any wappreed content does net mterially affect the overall learning esperience. Cenpage Laming roerves the right in remove additimal content at any time if vabuapami righs nestricicen noquire it. Problems 5-75 d. Depreciation expense, $11,300 e. Dividends paid, $24,500 f. Payment for purchase of building, $65,000 g. Bond discount amortization, $2,700 h. Receipt from sale of long-term invest- j. Rececipt from sale of preferred stock, $20,000 k. Increase in income taxes payable, $3,500 1. Payment for purchase of land, $9,700 m. Decrease in accounts payable, $2,900 Increase in inventories, $10,300 o. Beginning cash balance, $18,000 n. ments at cost, $10,600 i. Payment for purchase of equipment, $8,000

c. Receipt from sale of common stock, S12,300 a. Net income, $68,000 b. Increase in accounts receivable, $4,400 oppright 200 Cengage Leuning. All Rights Reservad. May t be copiod, samod, or duplicated, in whede or in purt. Due to clectnunic rights, ome third party content may be suppressed from the cBook andie eChapteris). ial reviee has doemed that any wappreed content does net mterially affect the overall learning esperience. Cenpage Laming roerves the right in remove additimal content at any time if vabuapami righs nestricicen noquire it. Problems 5-75 d. Depreciation expense, $11,300 e. Dividends paid, $24,500 f. Payment for purchase of building, $65,000 g. Bond discount amortization, $2,700 h. Receipt from sale of long-term invest- j. Rececipt from sale of preferred stock, $20,000 k. Increase in income taxes payable, $3,500 1. Payment for purchase of land, $9,700 m. Decrease in accounts payable, $2,900 Increase in inventories, $10,300 o. Beginning cash balance, $18,000 n. ments at cost, $10,600 i. Payment for purchase of equipment, $8,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...

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