FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Bales Company is preparing a statement of cash flows. Which of the following would be shown on the statement?
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Part 1
Stock dividend
Stock split
Appropriation of retained earnings
None of the answer choices are correct
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- Place an X' in the appropriate columns for each of the following situations to indicate how amounts are classified and how or whether cash is affected: Effect on Cash Operating Investing Financing Activity Inflow (+) Situation Outflow No Activity Activity () Effect a. Paying off accounts payable with cash. b. Retirement of common stock with cash. e. Issuance of bonds for |cash. |d. Acquired land by issuing | common stock. e. Paid cash for inventory. E Collection of accounts receivable with customer cash.arrow_forwardWhich of the following is shown on a statement of cash flows? A share dividend A share split An appropriation of retained earnings None of these answer choices are correctarrow_forwardWhich of the following is the appropriate general journal entry to record the declaration of cash dividend? a. Retained Earnings XXX Cash XXX b. Cash Dividend Payable XXX Cash XXX c. Paid-In Capital Cash Dividend Payable XXX XXX d. Cash Dividends Cash Dividends Payable XXX XXXarrow_forward
- Which of the following is NOT a true statement about the statement of cash flows? a. It shows how the profits or losses of the company were generated. b. It covers a specific span of time the same as the income statement. c. It reports why cash increased or decreased. d. It shows where cash came from and how it was spent.arrow_forwardQuiz Question Please tell me what statement or statments End-of-period Retained Earnings Balance is on: Options: Income Statement Balance Sheet Statement of Cash Flows Statement of Retained Earningsarrow_forwardThe sale of treasury stock will be reported as a in the section of the cash flow statement. O Cash Outflovw; Operating O Cash Inflow, Financing O Cash Inflow; Operating O Cash Outflow; Financingarrow_forward
- 2. a. In what section of the statement of cash flows would a Gain be reported when the indirect method is used? Noncash activities note Investing Activities Financing Activities Operating Activitiesb. In what section of the statement of cash flows is the purchase of treasury stock reported? Investing Activities Operating Activities Noncash activities note Financing Activitiesarrow_forwardUnder the accrual method of accounting, how are dividends paid to stockholders treated? O Dividends decrease retained earnings and are considered an expense O Dividends are considered a distribution of retained earnings but do not affect net income O Dividends increase stockholders' equity as they represent a return on investment O Dividends paid are recorded as an investment activity in the statement of cash flows O None of the abovearrow_forward
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