Week 5 Assignment Wiley Essay

2019 Words Sep 4th, 2012 9 Pages
E13-1
Pioneer Corporation had these transactions during 2011.
(a) Issued $50,000 par value common stock for cash.
(b) Purchased a machine for $30,000, giving a long-term note in exchange.
(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of
$200,000.
(d) Declared and paid a cash dividend of $18,000.
(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.
(f) Collected $16,000 of accounts receivable.
(g) Paid $18,000 on accounts payable.
Instructions
Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities (a)Issued
…show more content…
$ 73,000)

14-1

Financial information for Blevins Inc. is presented below.

December 31, 2009 December 31, 2008

Current assets $125,000 $100,000

Plant assets (net) 396,000 330,000

Current liabilities 91,000 70,000

Long-term liabilities 133,000 95,000

Common stock, $1 par 161,000 115,000

Retained earnings 136,000 150,000

Instructions:

Prepare a schedule showing a horizontal analysis for 2009 using 2008 as the base year.

BLEVINS INC.
Condensed Balance Sheets
December 31

| | | | | | |Increase or (Decrease) |
| | | | | | | | | |
| | |2009 | |2008 | |Amount | |Percentage |
| | | | | | | | | |
|Assets | | | | | | | | |
| | | | | | | | | |
|Current

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