he transactions are as follows. (a) Issuance of common stock. (b) Purchase of land and building. (c) Redemption of bonds. (d) Sale of equipment (h) Payment of cash dividends. (i) (j) (4) Exchange of furniture for office equipment. Purchase of treasury stock. Loss on sale of equipment

he transactions are as follows. (a) Issuance of common stock. (b) Purchase of land and building. (c) Redemption of bonds. (d) Sale of equipment (h) Payment of cash dividends. (i) (j) (4) Exchange of furniture for office equipment. Purchase of treasury stock. Loss on sale of equipment

Name: E5-13 (L04) (Statement of Cash Flows-Classifications) The major class
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Description: E5-13 (L04) (Statement of Cash Flows-Classifications) The major classifications of activities reported in the statement ofcash flows are operating, investing, and financing. Classify each of the transactions listed below as:1. Operating activity-add

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Vishnu
The issuance of common stock in exchange for cash is reported in:a. the operating activities section of the statement of cash flows.b. the investing activities section of the statement of cash flows.c. the financing activities section of the statement of cash flows.d. the noncash financing section of the statement of cash flows.
The balance in the Retained Earnings account represents: Select one: a. Accumulated revenues from all prior years of operations b. Accumulated earnings that have not been distributed to stockholders c. The amount of cash available for dividends d. Cash in the bank
Which of the following is reported under the Financing Activities in the Statement of Cash Flow? O Collection of account receivable O Cash payment to suppliers Issuance of bonds payable O Sale of building
Indicate if the following transactions increase or decrease cash and classify the transactions as Operating, Investing or Financing Activities Enter I For increase and D for decrease. Enter O for Operating, I for Investing, and F for Financing. 1. Pay taxes D O 2. Collect cash from customers I O 3. Issue common stock F 4. Take out a loan from a bank 5. Purchase stock in another company I 6. Sell government debt security 7. Buy a patent 8. Retire a bonds payable 9. Pay dividends 10. Pay insurance 11. Pay interest on a loan 12. Pay principal on a loan 13. Pay salaries 14. Repurchase treasury stock 15. Sell a copyright to another firm 16. Pay suppliers for inventory 17. Dividend payments received from stock investment. 18. Interest payments received from investment in government debt securities.
Which of the following items is not considered an investing cash flow in the statement of cash flows? a. Purchase of equipment. b. Purchase of securities. c. Issuing common stock for cash. d. Sale of land.
For each of the items indicate type of activity as per cash flows:
Which of these transactions would be part of the investing section of the statement of cash flows using the direct method? A. Cash received from customers B. Dividend payments to shareholders, paid in cash C. Cash paid for purchase of equipment Sales of product, for cash D. Land purchased on a note
In a statement of cash flows, indicate which of the following does NOT correspond to investment activities: Select one: a. Purchase of property, plant and equipment assets. b. Loan granted to company officials. c. Compensation received from the insurer for warehouse destroyed by fire. d. Sale of investments to negotiate (trading
Find the type of activity as Operating, investing, financing as per cash flow: 1.Salaries paid to employees 2.Dividend payment 3.Common shares issued 4.Bank loan repaid 5.Machinery purchase
Which of the following should be recorded in Accounts Receivable? Group of answer choices Receivables from subsidiaries resulting to a loan made to a subsidiary. Sale of goods on to a customer receiving cash and a promissory note. Receivables from officers who availed services in normal course of business. Dividend receivable as a result of cash dividends declared.
It represents the cash or other assets withdrawn from the business by the owner for the personal use. a. Drawings b. Dividends c. Equity d. Retained earnings