Introduction To Managerial Accounting
8th Edition
ISBN: 9781259917066
Author: BREWER, Peter C., Garrison, Ray H., Noreen, Eric W.
Publisher: Mcgraw-hill Education,
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Chapter 13, Problem 8P
To determine
Operating
Investing Cash Flow: Investing Cash Flow is the cash flow where there is change in the capital structure of the company.
Determine whether the below mentioned transactions can be classified into Operating, Financial or Investing activities. Put an X mark under each column in the format provided in the question.
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Students have asked these similar questions
Classifying Accounting Transactions. Presented below is a list of accounting transactions for the Green Company. Classify each of the transactions as an operating (O) activity transaction, an investing (I) activity transaction, a financing (F) activity transaction, or as none-of-the-above (N).
Purchase of machinery for cash
Cash payment on loan principal
Collection of cash on outstanding accounts receivable
Payment of a stock dividend
Sale of preferred stock for cash
Prepaid the office rent for six months
Cash payment of income tax expense
Sale of land held as an investment for cash
Declared (but did not pay) a cash dividend
Purchased treasury stock using cash
It is the amount collected by the business in advance from the customers before the business actually provide the goods or services to the customers.
a.
Bank overdrafts
b.
Outstanding expenses
c.
Accounts payable
d.
Unearned revenues
Synergy Enterprise has the following financial statement items:
Details
Classification of account
1.
Trade payable
2.
Brand
3.
Cash in hand
4.
Cost of sales
5.
Transportation charges
6. Property
7.
Bond
8.
Unearned ticket revenue
9. Notes payable
10.
Bad debt recovered
11. Commission received
12.
Telephone bill
13. Printing cost
14.
15. Accrued salary
16. Prepaid insurance
Required:
Indicate whether each of the accounts above is a Current Asset (CA), Non-Current asset
(NCA), Current Liability (CL), Non-Current liability (NCL), Revenue (R), and Expense
(E). Use the following format to prepare your answer.
Details
Classification of account
Example: Salary and wages Expenses
Trade payable
1.
2.
Brand
3. Cash in hand
Decrease in doubtful debt
Chapter 13 Solutions
Introduction To Managerial Accounting
Ch. 13.A - Prob. 1ECh. 13.A - Prob. 2ECh. 13.A - Prob. 3ECh. 13.A - Prob. 4ECh. 13.A - Prob. 5PCh. 13.A - Prob. 6PCh. 13.A - Prob. 7PCh. 13 - Prob. 1QCh. 13 - Prob. 2QCh. 13 - Prob. 3Q
Ch. 13 - What general guidelines can you provide for...Ch. 13 - Prob. 5QCh. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Prob. 8QCh. 13 - A business executive once stated, “Depreciation is...Ch. 13 - If the Accounts Receivable balance increases...Ch. 13 - Would a sale of equipment for cash be considered a...Ch. 13 - Prob. 12QCh. 13 - Ravenna Company is a merchandiser that uses the...Ch. 13 - Prob. 2F15Ch. 13 - Prob. 3F15Ch. 13 - Ravenna Company is a merchandiser that uses the...Ch. 13 - Prob. 5F15Ch. 13 - Ravenna Company is a merchandiser that uses the...Ch. 13 - Ravenna Company is a merchandiser that uses the...Ch. 13 - Prob. 8F15Ch. 13 - Prob. 9F15Ch. 13 - Prob. 10F15Ch. 13 - Prob. 11F15Ch. 13 - Ravenna Company is a merchandiser that uses the...Ch. 13 - Ravenna Company is a merchandiser that uses the...Ch. 13 - Prob. 14F15Ch. 13 - Prob. 15F15Ch. 13 - Prob. 1ECh. 13 - Net Cash Provided by Operating Activities For the...Ch. 13 - Prob. 3ECh. 13 - Prob. 4ECh. 13 - Net Cash Provided by Operating Activities Changes...Ch. 13 - Prepare a Statement of Cash Flows; Free Cash Flow...Ch. 13 - Prob. 7PCh. 13 - Prob. 8PCh. 13 - Prob. 9PCh. 13 - Prepare a Statement of Cash Flows; Free Cash...Ch. 13 - Prob. 11PCh. 13 - Prepare a Statement of Cash Flows A comparative...Ch. 13 - Prob. 13PCh. 13 - Prob. 14P
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