MANAGERIAL ACCT.-WILEYPLUS BLKBRD PKG
7th Edition
ISBN: 9781118869765
Author: Weygandt
Publisher: WILEY
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Textbook Question
Chapter 13, Problem 13.1E
Tabares Corporation had these transactions during 2017.
(a) Issued $50,000 par value common stock for cash.
(b) Purchased a machine for $30,000, giving a long-term note in exchange.
(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
(d) Declared and paid a cash dividend of $18,000.
(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.
(f) Collected $16,000 of accounts receivable.
(g) Paid $18,000 on accounts payable.
Instructions
Analyze the transactions and indicate whether each transaction resulted in a
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Kiley corporation had these transactions during 2022. Indicate whether each transactions is an operating activity, investing activity, financing activity, or noncash investing and financing activity (a) purchased a machine for $30000, giving a long term note in exchange (b) issued $50,par value common stock for cash(c) issued $200000 par value common stock upon conversion of bonds having face value of $20000 (d) declared and paid a cash dividend of $13000 (e) sold a long term with a cost of $15000 for $15000 cash (f) collected $16000 from sale of good (g) paid $18000 to suppliers
Kiley Corporation had these transactions during 2022.Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.
(a)
Purchased a machine for $30,000, giving a long-term note in exchange.
select an option
(b)
Issued $50,000 par value common stock for cash.
select an option
(c)
Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
select an option
(d)
Declared and paid a cash dividend of $13,000.
select an option
(e)
Sold a long-term investment with a cost of $15,000 for $15,000 cash.
select an option…
On November 1, 2016, the Cranberry Construction Company declared a property dividend payable in the form of bonds held for long-term investment purposes. The bonds will be distributed to the common stockholders on December 15, 2016. The bonds to be distributed to the common stockholders originally cost Cranberry $210,000. Fair values of the bonds on various dates are as follows:
December 31, 2015
$220,000
November 1, 2016
235,000
December 15, 2016
225,000
Which one of the following amounts should be used to record the appropriate credit to Property Dividends Payable?
$230,000
$210,000
$235,000
$220,000
Chapter 13 Solutions
MANAGERIAL ACCT.-WILEYPLUS BLKBRD PKG
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