Week 5 Assignment Wiley Essay

2019 WordsSep 4, 20129 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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