
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Examine the listed business activities and decide if each is to be classified as a:
Cash flow from investing activity |
Cash flow from financing activity |
Non-cash investing/financing activity |
(a) | Issue common stock for land | |
(b) | Pay dividends to common shareholders | |
(c) | Obtain proceeds on a long-term loan | |
(d) | Purchase equipment for cash | |
(e) | Buy inventory for resale | |
(f) | Sold common stock for cash | |
(g) | Purchased held to maturity bond | |
(h) | Gain on the sale of land | |
(i) | increase of |
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- View Policies Current Attempt in Progress For each of the following transactions, classify it as an operating, investing, financing, or significant noncash investing and financing activity or "none of the above" and assuming the company follows ASPE. (a) Repayment of mortgage payable (b) Payment of interest on mortgage (c) Purchase of land in exchange for common shares (d) Issue of preferred shares for cash (e) Payment for the purchase of a trading investment (f) Collection of accounts receivable (g) Declaration of cash dividend (h) Payment of cash dividend (i) Cash purchase of inventory (i) Recording of depreciation expense (k) Purchase and cancellation of common sharesarrow_forwardin what part of the statement of cash flow will "dividend paid" appear a) non- operating non cash item b) cash flow from investing activity c) cash flow from operating activity d) cash flow from financing activityarrow_forwardPrepare a classied balanced sheet in good form 1. Common Stock 2. Discountedd on Bonds Payable 3. Treasury Stock (at cost) 4. Notes Payable (short-term) 5. Raw Materials 6. Prefered Stock Investments (long-term) 7. Unearned Rent Revenue 8. Work in Process. 9. Copyrights 10. Buildings 11. Notes Recievable (short-term). 12. Cash. 13. Salaries and Wages Payable. 14. Accummlated Depreciation--Buildings 15. Restricted Cash for Plant Expansion 16. Land Held for Future Plant Site 17. Allowance for Doubtful Accounts 18. Retained Earnings 19. Paid-in capitial in Excess of Par -Common Stock 20. Unearned Subscriptions Revenue 21. Receivables--Officers (due in one year) 22. Inventory (finished goods) 23. Accounts Receivable 24. Bonds Payable (due in 4 years) 25. Noncontrolling Interestarrow_forward
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