P ACC Q4 A&B SUBJECT: PRINCIPLE OF ACCOUNTING PLEASE ANSWER ASAP 33ii.iv.vi.vii.(b)Categorize each transaction in Table Q4(a) as either an addition (+) or subtraction(-) to the following activities:CashOperating activity -addition to net income (O+), or subtraction from income(0-)Investing activity-addition to cashflow(I+) or subtraction from cash flow (I-)Financing activity -addition to cashflow(F+) or subtraction from cash flow (F-)LandTable Q4(a): Journal Entries of Business TransactionCommon stockTreasury stockCashBusiness TransactionCashDepreciation expenseCashAccumulated depreciation expenseDividends payableCashEquipmentBonds payableCashLoss on disposal of equipmentEquipment, netCashAccounts receivableDividendCashAddition(+) Subtraction(-)State TWO (2) examples of non-cash investing and financing activities.

The investing activities under a cash flow statement show the cash flow in a transaction that…

i. 3 iv. vi. vii. (b) Categorize each transaction in Table Q4(a) as either an addition (+) or subtraction (-) to the following activities: . Cash Operating activity -addition to net income (O+), or subtraction from income (O-) Investing activity -addition to cashflow(1+) or subtraction from cash flow (I-) Financing activity-addition to cashflow(F+) or subtraction from cash flow (F-) Common stock Cash Land Table Q4(a): Journal Entries of Business Transaction Treasury stock Business Transaction Cash Depreciation expense Cash Accumulated depreciation expense Dividends payable Cash Equipment Bonds payable Cash Loss on disposal of equipment Equipment, net Cash Accounts receivable Dividend Cash Addition(+) Subtraction(-) State TWO (2) examples of non-cash investing and financing activities.

i. 3 iv. vi. vii. (b) Categorize each transaction in Table Q4(a) as either an addition (+) or subtraction (-) to the following activities: . Cash Operating activity -addition to net income (O+), or subtraction from income (O-) Investing activity -addition to cashflow(1+) or subtraction from cash flow (I-) Financing activity-addition to cashflow(F+) or subtraction from cash flow (F-) Common stock Cash Land Table Q4(a): Journal Entries of Business Transaction Treasury stock Business Transaction Cash Depreciation expense Cash Accumulated depreciation expense Dividends payable Cash Equipment Bonds payable Cash Loss on disposal of equipment Equipment, net Cash Accounts receivable Dividend Cash Addition(+) Subtraction(-) State TWO (2) examples of non-cash investing and financing activities.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 4EB: For each of the following independent situations, place an (X) by the transactions that would be...

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For each independent situation below, place an (X) by the transactions that would be included in the statement of cash flows. Table 2.3
3. Using the following answer keys, you are to identify in which activity each of the transactions is classified and its effect on cash flows. Cash Flow Classification...using the capital letter only: O...Operating Activity I...Investing Activity F...Financing Activity OI...Operating and Investing Activity N...Noncash Transaction Effect on Cash Flows...using the capital letter only: I...Increase D...Decrease N...No Effect Transaction Cash Flow Classification Effect on Cash Flows Declared and paid a cash dividend. Sold short-term trading securities at a gain. Retired fully depreciated equipment. Sold a machine at a loss. Purchased long-term available-for-sale securities. Decreased accounts receivable. Purchased 90-day Treasury bill. Incurred a net loss. Declared and issued a stock dividend. Sold treasury stock.
5. Using the following answer keys, you are to identify in which activity each of the transactions is classified and its effect on cash flows. Cash Flow Classification...using the capital letter only: O...Operating Activity I...Investing Activity F...Financing Activity OI...Operating and Investing Activity N...Noncash Transaction Effect on Cash Flows...using the capital letter only: I...Increase D...Decrease N...No Effect Transaction Cash Flow Classification Effect on Cash Flows Paid a cash dividend. Decreased accounts receivable. Increased inventory. Retired long-term debt with cash. Sold long-term securities at a loss. Issued stock for equipment. Decreased prepaid insurance. Purchased treasury stock with cash. Retired a fully depreciated truck (no gain or loss). Transferred cash to money market account.
4. _______ is the act of paying out includes money paid out to run abusiness, cash expenditure and etc.A. Disbursements C. PaymentB. Issuance of capital D. Payout
2. Using the following answer keys, you are to identify in which activity each of the transactions is classified and its effect on cash flows. Cash Flow Classification...using the capital letter only: O...Operating Activity I...Investing Activity F...Financing Activity OI...Operating and Investing Activity N...Noncash Transaction Effect on Cash Flows...using the capital letter only: I...Increase D...Decrease N...No Effect Transaction Cash Flow Classification Effect on Cash Flows Increased accounts payable. Decreased inventory. Increased prepaid insurance. Earned a net income. Issued stock for cash. Retired long-term debt by issuing stock. Purchased a long-term investment with cash. Decreased interest payable. Decreased dividends receivable. Converted bonds to common stock.
In which of the three activity categories of a statement of cash flows would each of the following items appear? Indicate for each item whether it represents a cash inflow or a cash outflow: a. Cash purchase of equipmentb. Cash collection on loansc. Cash dividends paidd. Cash dividends receivede. Cash proceeds from issuing stockf. Cash receipts from customersg. Cash interest paidh. Cash interest received
Match (by letter) the following items with the description or example that best fits. Each letter is used only once.Terms1. Operating activities.2. Investing activities.3. Financing activities.4. Noncash activities.5. Indirect method.6. Direct method.7. Depreciation expense.8. Cash return on assets.Descriptionsa. Begins with net income and then lists adjustments to net income in order to arrive at operating cash flows.b. Item included in net income, but excluded from net operating cash flows.c. Net cash flows from operating activities divided by average total assets.d. Cash transactions involving lenders and investors.e. Cash transactions involving net income.f. Cash transactions for the purchase and sale of long-term assets.g. Purchase of long-term assets by issuing stock to seller.h. Shows the cash inflows and outflows from operations such as cash received from customers and cash paid for inventory, salaries, rent, interest, and taxes.
Which of the following fi nancial statements is generallyprepared fi rst?a. Income statement.b. Balance sheet.c. Statement of retained earnings.d. Statement of cash fl ows.
Identify the section of the statement of cash flows (a–d) where each of the following items would be reported.a. Operating activitiesb. Financing activitiesc. Investing activitiesd. Schedule of noncash financing and investing Increase in income taxes payable Where does this will be on the cash flow statement ?
1 According to the statement of cash flows, an increase in accounts payable will the cash flow from activities. ut of Select one: a. Increase; financing. O b. Increase; operating. Oc. Increase; investment. d. Decrease; operating. e. Decrease; financing.
The issuance of notes payable is classified in the statement of cash flows as a(n): a. Operating activity.b. Investing activity.c. Financing activity.d. Noncash activity.
If the indirect method is used, which of the following items appears on a statement of cash flows? O A. Payments to suppliers OB. Depreciation expense OC. Collections from customers OD. Cash receipt of interest revenue