Managerial Accounting
Managerial Accounting
15th Edition
ISBN: 9781337912020
Author: Carl Warren, Ph.d. Cma William B. Tayler
Publisher: South-Western College Pub
bartleby

Videos

Textbook Question
Book Icon
Chapter 15, Problem 2E

Effect of transactions on cash flows

State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:

  1. a. Retired $500,000 of bonds, on which there was $4,000 of unamortized discount, for $510,000.
  2. b. Sold 20,000 shares of $5 par common stock for $30 per share.
  3. c. Sold equipment with a book value of $68,900 for $72,400.
  4. d. Purchased land for $825,000 cash.
  5. e. Purchased a building by paying $30,000 cash and issuing a $570,000 mortgage note payable.
  6. f. Sold a new issue of $400,000 of bonds at 98.
  7. g. Purchased 10,000 shares of $10 par common stock as treasury stock at $22.50 per share.
  8. h. Paid dividends of $1.25 per share. There were 1,000,000 shares issued and 180,000 shares of treasury stock.
Blurred answer

Chapter 15 Solutions

Managerial Accounting

Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Text book image
Managerial Accounting
Accounting
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:South-Western College Pub
Text book image
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning
Text book image
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Text book image
Principles of Accounting Volume 1
Accounting
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax College
Text book image
Financial Accounting: The Impact on Decision Make...
Accounting
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Cengage Learning
Text book image
Managerial Accounting: The Cornerstone of Busines...
Accounting
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Cengage Learning
7.2 Ch 7: Notes Payable and Interest, Revenue recognition explained; Author: Accounting Prof - making it easy, The finance storyteller;https://www.youtube.com/watch?v=wMC3wCdPnRg;License: Standard YouTube License, CC-BY