Answered step by step
Verified Expert Solution
Question
1 Approved Answer
4 Question 5 of 6 < > View Policies -/5 E Current Attempt in Progress Kingbird AG had these transactions during 2020. Analyze the transactions
4 Question 5 of 6 < > View Policies -/5 E Current Attempt in Progress Kingbird AG had these transactions during 2020. Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or non-cash investing and financing activities. (a) Issued CHF67.500 par value ordinary shares for cash. (b) Purchased a machine for CHF40,500, giving a long-term note in exchange. (c) Issued CHF270,000 par value ordinary shares to purchase land worth CHF270,000 (d) Declared and paid a cash dividend of CHF24,300. (e) Sold a long-term investment with a cost of CHF20,250 for CHF20.250 cash FATA DO9 ENG Financing Activities Operating Activities Investing Activities Non-cash Investing and Financing Activities 40C Sunny Assignment 4 Question 5 of 6 < -/5 1 Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities. financing activities, or non-cash investing and financing activities. (a) Issued CHF67,500 par value ordinary shares for cash. (b) Purchased a machine for CHF40,500, giving a long-term note in exchange (c) Issued CHF270,000 par value ordinary shares to purchase land worth CHF270,000. (d) Declared and paid a cash dividend of CHF24,300. (e) B Sold a long-term investment with a cost of CHF20,250 for CHF20,250 cash. Collected CHF21.600 of accounts receivable. (g) Paid CHF24,300 on accounts payable. D e-201 DO TATAVA ENG 45 744 40C Sunny
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started