2. For each of the following transactions, place an X in the table to indicate whether direct or indirectfinancing is utilized:Financing ActivityDirect IndirectJim and Mary obtain a mortgage for a new house from their commercial bankJuanita deposits a portion of her pay each month into a savings accountDelta Airlines uses an investment to sell $25 billion in corporate debtAirbus North America borrows $5 million from Bank of America for workingcapitalBoeing draws on its credit line at Citibank borrowing $20 billionAmerican Airlines issues new stock to increase cashA technology start-up company receives funding from a venture capitalist firmAn entrepreneur borrows money from family members to start a newbusiness

Name: 2. For each of the following transactions, place an X in the table to
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Description: 2. For each of the following transactions, place an X in the table to indicate whether direct or indirectfinancing is utilized:Financing ActivityDirect IndirectJim and Mary obtain a mortgage for a new house from their commercial bankJuanita deposits

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2. For each of the following transactions, place an X in the table to indicate whether direct or indirect financing is utilized: Financing Activity Direct Indirect Jim and Mary obtain a mortgage for a new house from their commercial bank Juanita deposits a portion of her pay each month into a savings account Delta Airlines uses an investment to sell $25 billion in corporate debt

2. For each of the following transactions, place an X in the table to indicate whether direct or indirect financing is utilized: Financing Activity Direct Indirect Jim and Mary obtain a mortgage for a new house from their commercial bank Juanita deposits a portion of her pay each month into a savings account Delta Airlines uses an investment to sell $25 billion in corporate debt

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 16EA: Discuss how each of the following transactions for Watson, International, will affect assets,...

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Lanni Products is a start-up computer software development firm. It currently owns computer equipment worth $31,000 and has cash on hand of $18,000 contributed by Lanni’s owners. For each of the following transactions, identify the real and/or financial assets that trade hands. Choose one option for following blank: A. real asset. B. financial asset. C. real liability. D. Finanical liability. 1. Lanni takes out a bank loan. It receives $48,000 in cash and signs a note promising to pay back the loan over 3 years. The bank loan is a (select an option) for Lanni, and a (select an option) for the bank. The cash Lanni receives is a (select an option). 2. Lanni uses the cash from the bank plus $18,000 of its own funds to finance the development of new financial planning software. Lanni transfers (select an option) (cash) to the software developers. In return, Lanni receives the completed software package, which is a (select an option). 3. Lanni sells the software product to Microsoft,…