Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $200,000 of bonds, on which there was $2,000 of unamortized discount, for $208,000. b. Sold 12,000 shares of $10 par common stock for $20 per share. c. Sold equipment with a book value of $51,800 for $74,600. d. Purchased land for $473,000 cash. e. Purchased a building by paying $90,000 cash and issuing a $100,000 mortgage note payable. f. Sold a new issue of $270,000 of bonds at 99. g. Purchased 3,600 shares of $15 par common stock as treasury stock at $29 per share. h. Paid dividends of $2.20 per share. There were 22,000 shares issued and 4,000 shares of treasury stock. Effect Amount Cash payment a. b. Cash receipt C. Cash receipt d. Cash payment Cash payment е. f. Cash receipt Cash payment g. h. Cash payment
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $200,000 of bonds, on which there was $2,000 of unamortized discount, for $208,000. b. Sold 12,000 shares of $10 par common stock for $20 per share. c. Sold equipment with a book value of $51,800 for $74,600. d. Purchased land for $473,000 cash. e. Purchased a building by paying $90,000 cash and issuing a $100,000 mortgage note payable. f. Sold a new issue of $270,000 of bonds at 99. g. Purchased 3,600 shares of $15 par common stock as treasury stock at $29 per share. h. Paid dividends of $2.20 per share. There were 22,000 shares issued and 4,000 shares of treasury stock. Effect Amount Cash payment a. b. Cash receipt C. Cash receipt d. Cash payment Cash payment е. f. Cash receipt Cash payment g. h. Cash payment
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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8. State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on
12. Sweeter Enterprises Inc. has cash flows from operating activities of $300,000. Cash flows used for investments in property, plant, and equipment totaled $63,000, of which 60% of this investment was used to replace existing capacity.
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