Business
Engineering
Math
Science
Social Science
Cornerstones of Financial Accounti...
Solutions
Cornerstones of Financial Accounti...
Exercise 1-33 Business Activities
Listed below are various activities that companies engage in during a period.
a. Purchase Of equipment
b. Payment of a dividend
c. Purchase Of supplies
d. Sale of equipment
e. Sale Of goods or services
f. Borrow money from a bank
g. Contribution Of cash by owners
Required:
For each of the activities listed above, classify the activity as operating (O), investing (I), or financing (F).
Concept Introduction:
Cash Flow statement:
The Cash flow statement shows the movement of cash during a particular period. The Cash flows are categorized into three categories as follows:
- Operating Activities: Operating Activities are day to day business transactions, for example sales purchase etc.
- Investing Activities: Investing Activities belong to the sale or purchase of assets or investments of a business. For example sales of fixed assets etc, purchase of investments.
- Financing Activities: Financing Activities includes the transactions related to raising business finds through equity or debts. For example, issuance of shares and payment of dividend to shareholders.
To Indicate:
The type of the activity for each of the given transactions.
The type of the activity for each of the given transactions is explained as follows:
| Transaction | Type of activity | |
| a. | I | Purchase of equipments is an Investing activity for the business |
| b. | F | Payment of Dividend is an Financing activity for the business |
| c. | O | Cash payment to suppliers is an operating activity for the business |
| d... |
Chapter 1 Solutions
Additional Business Solutions
Find more solutions based on key concepts
Show solutions addThe Tigris Company is considering taking customers orders on its Web site. a. What information would Tigris col...
Accounting Information Systems
Bank error During the preparation of the bank reconciliation for Building Concepts Co., Joel Knolls, the assist...
Corporate Financial Accounting
Accounting equation The total assets and total liabilities (in millions) of Dollar Tree Inc. and Target Corpora...
Financial & Managerial Accounting
Name one economic interaction that isnt covered by the simplified circular-flow diagram.
Principles of Microeconomics (MindTap Course List)
(Characteristics of Monopolistic Competition) Why is a firm in monopolistic competition said to be competitive?...
ECON: MICRO4 (New, Engaging Titles from 4LTR Press)
The Tennessean, an online newspaper located in Nashville, Tennessee, conducts a daily poll to obtain reader opi...
STATISTICS F/BUSINESS+ECONOMICS-TEXT
If interest rates rise after a bond issue, what will happen to the bonds price and YTM? Does the time to maturi...
Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
Two methods of engaging in international business may be categorized as either direct or indirect. How would yo...
Foundations of Business (MindTap Course List)
To provide a starting point for gauging a companys relative valuation, analysts often look at a companys price-...
Fundamentals of Financial Management, Concise Edition (MindTap Course List)
An ATM personal identification number (PIN) consists of four digits, each a 0, 1, 2, 8, or 9, in succession. a....
Probability and Statistics for Engineering and the Sciences
What does the domestic price that prevails without international trade tell us about a nations comparative adva...
Principles of Macroeconomics (MindTap Course List)
Primary Research: Seeking Customer Feedback Through an Online Survey. Companies use surveys to continually Impr...
Essentials of Business Communication (MindTap Course List)
If the government collects more in tax revenue than it spends, and households consume more than they get in aft...
Brief Principles of Macroeconomics (MindTap Course List)
What is inflation and what causes it?
Principles of Economics (MindTap Course List)
PORTFOLIO BETA Suppose you held a diversified portfolio consisting of a 7,500 investment in each of 20 differen...
Fundamentals of Financial Management (MindTap Course List)
Income statement FedEx Corporation (FDX) had the following revenue and expense account balances (in millions) f...
Financial And Managerial Accounting
What actions would you recommend to minimize potential start-up issues for this virtual team?
Fundamentals of Information Systems
What project management tasks should Kelvin perform before his next meeting?
Principles of Information Security (MindTap Course List)
FIGURE P1.5 The File Structure for Problems 5-8 Looking at the EMP_NAME and EMP_PHONE contents in Figure P1.5, ...
Database Systems: Design, Implementation, & Management
Using Figure P2.6 as your guide, work Problems 68. The Tiny College relational diagram shows the initial entiti...
Database Systems: Design, Implementation, & Management
Identify six major branches of artificial intelligence.
Principles of Information Systems (MindTap Course List)
_____________ is not an important characteristic of intelligent behaviour. a. The ability to receive input from...
Fundamentals of Information Systems
Can you use INSERT, UPDATE, or DELETE commands that affect more than one row in PL/SQL procedures?
A Guide to SQL
Will a single-cut or a double-cut file produce a smoother surface?
Precision Machining Technology (MindTap Course List)
Identify specific benefits of the cloud computing model. Can you identify any potential risks associated with u...
Principles of Information Systems (MindTap Course List)
Graphite is. an anaerobic substance an RTV an aerobic substance none of these
Automotive Technology: A Systems Approach (MindTap Course List)
A solid circular bar A BCD with fixed supports at ends A and D is acted upon by two equal and oppositely direct...
Mechanics of Materials (MindTap Course List)
Redo Problem 2.7 according to the AASHTO system (Table 2.3). 2.7 The particle characteristics of a soil are giv...
Fundamentals of Geotechnical Engineering (MindTap Course List)
Identify examples of motors used in a new automobile. For example, a motor is used to run the fan that delivers...
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
What is the difference between a denial- of-service attack and a distributed denial-of-service attack? Which is...
Management Of Information Security
Some systems analysts argue, “Give users what they ask for. If they want lots of reports and reams of data, t...
Systems Analysis and Design (Shelly Cashman Series) (MindTap Course List)
What size are the conductors used for this branch circuit? ______________
EBK ELECTRICAL WIRING RESIDENTIAL
What is the function of the field loss relay?
Electric Motor Control
Repeat Problem 2.4 with the following data. 2.4 The following are the results of a sieve analysis. a. Determine...
Principles of Geotechnical Engineering (MindTap Course List)
A car weighs 3000 lbm and is travelling 60 mph when it has to make an emergency stop. The car comes to a stop 5...
Fundamentals of Chemical Engineering Thermodynamics (MindTap Course List)
The 60-lb homogeneous door is supported by hinges at A and B, with only the hinge at B being capable of providi...
International Edition---engineering Mechanics: Statics, 4th Edition
A town signs a contract with a dumpster manufacturer to provide 50 dumpsters at a cost of $5000 each. 11w dumps...
Solid Waste Engineering
A W1631 of A992 steel has two holes in each flange for 7 8 -inch-diameter bolts. a. Assuming continuous lateral...
Steel Design (Activate Learning with these NEW titles from Engineering!)
While diagnosing an idle speed problem: Technician A says that higher-than-normal TP signals at idle will cause...
Automotive Technology
A router also can function as a hardware firewall. (190)
Enhanced Discovering Computers 2017 (Shelly Cashman Series) (MindTap Course List)
5.29 through 5.51 Draw the shear and bending moment diagrams and the qualitative deflected shape for the beam s...
Structural Analysis
List three IGPs (interior gateway protocols).
Network+ Guide to Networks (MindTap Course List)
