Identify whether each of the following transactions would Be Debit or credit? Cash increase Supplies decrease Accounts Payable increase Common Stock decrease
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- Effects of transactions on stockholders’ equity Indicate whether each of the following types of transactions will (a) increase stockholders’ equity or (b) decrease stockholders’ equity. a. Issued common stock for cash. l. Received cash for fees earned. c. Paid cash for utilities expense. d. Paid cash for rent expense. e. Paid cash dividends.Which of the following is a cash inflow? a. an increase in dividend payment b. a decrease in accrued liabilities c. a decrease in accounts receivable d. a decrease in accounts payableThese are the selected anaswer provide to select accordingly towards the cash statement: decrease in accounts payable, decrease in accounts receivable, decrease in inventory, decrease in prepaid insurance, decrease in salaries payable, depreciation expense, gain on sale of available for sale debt securities, gain on sale of equipment, increase in accounts payable, increase in account receivable, increase in inventory, increase in prepaid insurance, increase in salaries payable, loss of sale of available for slae securities, loss of sale of equipment, payment of cash dividends, payment of notes payable, purchase of equipment, sale of available for sale debt securities, sale of bonds payable, sale of equipment/ With these selection please out them into their designed areas to changes in oprerating assests and liabilities, cash flows from investing activities, cash flow from financing activities.
- Which one of the following is a source of cash? A. decrease in accounts receivableB. decrease in accounts payable C. decrease in common stockD. increase in inventoryWhich of the following activities result in an increase (decrease) in a firm’s cash? Decrease fixed assets Decrease accounts payable Pay dividends Sell common stock Decrease accounts receivable Increase notes payableHow many of these items would be subtracted from net income to prepare the operating activities section of the statement of cash flows? a. Decrease in accounts receivable b. Issuance of common stock c. Increase in interest receivable d. Purchase of land e. Decrease in accounts payable f. Gain on the sale of equipment g. Depreciation expense h. Payment of dividends I. Decrease in utilities payable j. Increase in inventory Multiple Choice: A. 1 B. 2 C. 5 D. 4
- Write an X in the appropriate column to show whether each of the following cash flows should be classified as an operating, investing, or financing. Also, indicate whether it represents a cash inflow or outflow. Cash Flow Operating Investing Financinga. Received cash from issuance of common stock __ __ __b. Net Income __ __ __c. Received cash from sale of used equipment __ __ __ d. Paid cash dividends __ __ __e. Paid cash to settle a note payable __ __ __f. Paid cash to purchase new computer __ __ __g. Paid cash to pay inventories __ __ __h. Received cash from issuance of bonds payable __ __ __i. Received cash from sale of investment __ __ __j. Paid cash to repurchase stocks __ __ __Each of the following transactions will be shown as either an increase in cash or a decrease in cash on the Statement of Cash Flows. If not, the transaction will have no effect on cash. For each of the following transactions, determine whether it increases, decreases, or has no effect on cash. Hint: Some items may not affect cash but are still shown as an adjustment to cash on the statement of cash flows. This question is asking how these items are shown on the statement. Increase in Accounts receivable Net loss Purchase of land Depreciation Expense Decrease in interest payable Sale of equipment…Write an X in the appropriate column to show whether each of the following cash flows should be classified as an operating, investing, or financing. Also, indicate whether it represents a cash inflow or outflow. You may copy/paste the table below into your submission box. Cash Flow Operating Investing Financinga. Received cash from issuance of common stock ________ ________ ________ b. Net Income ________ ________ ________ c. Received cash from sale of used equipment ________ ________ ________ d. Paid cash dividends ________ ________ ________ e. Paid cash to settle a note payable ________ ________ ________ f. Paid cash to purchase new computer ________ ________ ________ g. Paid cash to pay…
- Nutrition Inc. reissued treasury stock. How would this be shown on a statement of cash flows? decrease in cash from an investing activity increase in cash from a financing activity decrease in cash from an operating activity decrease in cash from a financing activity increase in cash from an investing activity increase in cash from an operating activity Nutrition Inc. made a payment on a past due account payable. How would this be shown on a statement of cash flows? increase in cash from a financing activity decrease in cash from an operating activity increase in cash from an operating activity decrease in cash from a financing activity increase in cash from an investing activity decrease in cash from an investing activityIn a construction cash flow statement which of the following workingcapital account represents a source of cash of the firm? A. Decrease in Accounts Receivable.B. Increase in Accounts Receivable.C. Decrease in Accounts Payable.D. Decrease in accrued Taxes Payable.Directions: Fill in the following table using the equation: ∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity. Indicate the name of the noncash asset, liability, or equity account affected by the transaction and if change in cash is classified as operating (O), investing (I), financing (F), or noncash (NC). The first line has been completed for you as an exampleItem∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity1. Prepaid office rent for cash -O = - + Prepaid Rent + + 2. Sale of land held for cash = - + + 3. Cash payment of taxes payable = - + + 4. Issue preferred stock to investors for cash = - + + 5. Purchase equipment that is financed directly by the seller = - + + 6. Paid cash dividend = - + + 7. Pay notes payable = - + + 8. Pay interest payable = - + +
