Gingerbread Corp hired a new intern for the summer. The intern was assigned the job of preparing the year-end statement of cash flow but was having some trouble trying to determine where to classify the following transactions. TRANSACTION Cash Flow Cash payment of dividends to common stockholders 30,000 Cash payment for purchase of land 468,000 Cash proceeds from sale of equipment 15,000 Cash proceeds from issuing Gingerbread common stock 45,000 Cash payments on long-term note payable 175,000 Cash payments to purchase stock in another company 51,000

Gingerbread Corp hired a new intern for the summer. The intern was assigned the job of preparing the year-end statement of cash flow but was having some trouble trying to determine where to classify the following transactions. TRANSACTION Cash Flow Cash payment of dividends to common stockholders 30,000 Cash payment for purchase of land 468,000 Cash proceeds from sale of equipment 15,000 Cash proceeds from issuing Gingerbread common stock 45,000 Cash payments on long-term note payable 175,000 Cash payments to purchase stock in another company 51,000

Name: 23. Gingerbread Corp hired a new intern for the summer. The intern was
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Description: 23. Gingerbread Corp hired a new intern for the summer. The intern was assigned the job of preparing the year-end statement of cash flow but was having some trouble trying to determine where to classify the following transactions. TRANSACTIONCash Flo

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 54BE: Stockholder Payout Rations Super Duper Corporation had a string of successful years. Super Dupers...

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MODULE 4 HOMEWORK Please look at the following accounts and tell me what statement or statements they appear on. The statement options are listed below. Gain on Sale of Equipment Preferred Stock Trucks Unearned Revenues Copyrights Amortization Expense Accounts Payable Accounts Receivable Investment in Common Stock Treasury Stock 1.Income Statement2.Statement of Retained Earnings3.Balance Sheet4.Statement of Owners’ Capital
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TRANSACTION	Cash Flow
Cash payment of dividends to common stockholders	30,000
Cash payment for purchase of land	468,000
Cash proceeds from sale of equipment	15,000
Cash proceeds from issuing Gingerbread common stock	45,000
Cash payments on long-term note payable	175,000
Cash payments to purchase stock in another company	51,000