Horngren's Accounting (12th Edition)
12th Edition
ISBN: 9780134486444
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 16, Problem E16.25E
Identifying and reporting non-cash transactions
Learning Objective 2
Total Non-cash Inv and Fin Act $153,000
Dirtbikes, Inc identified the following selected transactions that occurred during the year ended December 31, 2018:
- Issued 750 shares of $3 par common stock for cash of $17,000.
- Issued 5,100 shares of $3 par common stock for a building with a fair market value of $90,000.
- Purchased new truck with a fair market value of $29,000. Financed it 100% with a long-term note.
- Retired short-term notes of $28,000 by issuing 1,900 shares of $3 par common stock.
- Paid long-term note of $10,500 to Bank of Tallahassee. Issued new long-term note of $23,000 to Bank of Trust.
Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of
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Students have asked these similar questions
S13-7 Accounting for cash dividends
Learning Objective 4
Java Company earned net income of $85,000 during the year ended December
31, 2018. On December 15, Java declared the annual cash dividend on its 4%
preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its
common stock (50,000 shares). Java then paid the dividends on January 4,
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Requirements
1. Journalize for Java the entry declaring the cash dividends on December
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2. Journalize for Java the entry paying the cash dividends on January 4,
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actice
Assignment
Gradebook
ORION
Downloadable eTextbook
nment
Brief Exercise 5-14
Waterway Corporation engaged in the following cash transactions during 2020.
Sale of land and building
Purchase of treasury stock
$198,200
43,100
44,800
86,200
Purchase of land
Payment of cash dividend
Purchase of equipment
53,800
155,600
108,100
Issuance of common stock
Retirement of bonds
Compute the net cash provided (used) by investing activities. (Show amounts t
WATERWAY CORPORATION
Statement of Cash Flows (Partial)
Click if you would like to Show Work for this question:
Open Show Work
cy Policy 1 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley
cademic Calendar My MCBS Library English (en)
Fundamentals of Financial AcCo nting
/Summer Session 1 2021/ACT 140/D2 / Course Documents/ Quiz126-5-2021
Cato Supplies opening and closing balance of retained earnings were $5,000 and $6,000,
respectively. The total revenue earned during the year was $40,000, and the expenses
incurred during the period was $35,000. The cash dividend paid during the year is
a. $5,000
b. $6,000
c. $3,000
d. $4,000
Next p
Chapter 16 Solutions
Horngren's Accounting (12th Edition)
Ch. 16 - Prob. 1QCCh. 16 - Prob. 2QCCh. 16 - Prob. 3QCCh. 16 - Prob. 4QCCh. 16 - Prob. 5QCCh. 16 - The Plant Assets account and Accumulated...Ch. 16 - Mountain Water Corp issued common stock of $28,000...Ch. 16 - Prob. 8QCCh. 16 - Maxwell Furniture Center had accounts receivable...Ch. 16 - Prob. 10BQC
Ch. 16 - Prob. 1RQCh. 16 - Prob. 2RQCh. 16 - Prob. 3RQCh. 16 - Prob. 4RQCh. 16 - Prob. 5RQCh. 16 - Prob. 6RQCh. 16 - Prob. 7RQCh. 16 - Prob. 8RQCh. 16 - Prob. 9RQCh. 16 - Prob. 10RQCh. 16 - Prob. 11RQCh. 16 - Prob. 12RQCh. 16 - Prob. 13RQCh. 16 - Prob. 14RQCh. 16 - Prob. 15ARQCh. 16 - Prob. 16BRQCh. 16 - Prob. S16.1SECh. 16 - S16-2 Classifying items on the statement of cash...Ch. 16 - Prob. S16.3SECh. 16 - Prob. S16.4SECh. 16 - Prob. S16.5SECh. 16 - Prob. S16.6SECh. 16 - Prob. S16.7SECh. 16 - Prob. S16.8SECh. 16 - Prob. S16.9SECh. 16 - Prob. S16.10SECh. 16 - Preparing a statement of cash flows using the...Ch. 16 - Prob. S16A.12SECh. 16 - Prob. S16A.13SECh. 16 - Prob. S16A.14SECh. 16 - Prob. S16B.15SECh. 16 - Prob. E16.16ECh. 16 - Prob. E16.17ECh. 16 - Classifying items on the indirect statement of...Ch. 16 - Prob. E16.19ECh. 16 - Prob. E16.20ECh. 16 - Preparing the statement of cash flows—indirect...Ch. 16 - Prob. E16.22ECh. 16 - E16-23 Computing the cash effect Learning...Ch. 16 - Preparing the statement of cash flows—indirect...Ch. 16 - Identifying and reporting non-cash transactions...Ch. 16 - Prob. E16.26ECh. 16 - Prob. E16A.27ECh. 16 - Prob. E16A.28ECh. 16 - Computing cash flow items—direct method Learning...Ch. 16 - Prob. E16A.30ECh. 16 - Prob. E16B.31ECh. 16 - Prob. P16.32APGACh. 16 - Prob. P16.33APGACh. 16 - Prob. P16.34APGACh. 16 - Prob. P16.35APGACh. 16 - Preparing the statement of cash flows—direct...Ch. 16 - Prob. P16A.37APGACh. 16 - Prob. P16B.38APGACh. 16 - Prob. P16.39BPGBCh. 16 - Prob. P16.40BPGBCh. 16 - Prob. P16.41BPGBCh. 16 - Prob. P16.42BPGBCh. 16 - Prob. P16A.43BPGBCh. 16 - Prob. P16A.44BPGBCh. 16 - Prob. P16B.45BPGBCh. 16 - Prob. P16.46CTCh. 16 - Prob. P16.47CPCh. 16 - Prob. 16.1TIATCCh. 16 - Decision Case 16-1 Theater by Design and Show...Ch. 16 - Ethical Issue 16-1 Moss Exports is having a bad...Ch. 16 - Prob. 16.1FSC
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