General 102 - Question 16 Not yet (x) Corporation issued 10,000 ordinary shares of $5 par value for $20 per share. The entry to record this transaction includes a credit to Share Premium-Ordinary for answered Marked out of 1.00 P Flag question Select one: O $50,000 O $100,000 O $150,000. O $200,000 Previous page Next page Type here to search i / || PLES OF ACCOUNTING courses ||| PRINCIPLES OF ACCOUNTING General 102 - In Aman Company, land decreased $80,000 because of sale for $65,000, the equipment account increased $40,000 as a result of purchase, and Bonds Payable increased $30,000 from issuance at face value. The net cash provided by investing activities is: Select one: O $65,000 $55,000 O $25,000 $70,000 rch / || CIPLES OF ACCOUNTING My courses / || PRINCIPLES OF ACCOUNTING General 102 - Blue Company had these transactions pertaining to share investments: May. 1 Purchased 30,000 shares of Jordan Company (10%) for $120,000 cash. Sept. 1 Received cash dividends of $2 per share on Jordan shares. The entry to record the purchase of the Jordan shares would include a of Select one: O credit to Share Investments for $120,000. O debit to Share Investments for $120,000. O credit to Cash for $60,000. O debit to Investment Revenue for $60,000 search . / || CIPLES OF ACCOUNTING My courses ||| PRINCIPLES OF ACCOUNTING General 102 - 79 (H) Corporation was organized on January 1, 2019. During 2019, (H) issued 20,000 shares at $35 per share, purchased 4,000 treasury shares at $30 per share, and had net income of $400,000 What is the total amount of equity at December 31, 2019? out of Answer: sous page Next page (102) - e to search / || PLES OF ACCOUNTING y courses // PRINCIPLES OF ACCOUNTING General 102 - A corporation reported the following information for the past year: Net Income $200,000 Depreciation expense 30,000 Gain on sale of truck 5,000 Proceeds from sale of truck 8,000 Decrease in accounts receivable 10,000 Assuming these are the only facts, what amount will the corporation report as the Net Cash Provided by Operating Activities on the cash flow statement? Select one: O $ 253,000 O $ 225,000 O $ 235,000 attempt.php?attempt=585792&cmid=272237&page=19 ch / || CIPLES OF ACCOUNTING My courses / || PRINCIPLES OF ACCOUNTING General 102 - On May 1, 2017, A Company sells office furniture for $160,000 cash. The office furniture originally cost $400,000 when purchased on January 1, 2010. Depreciation is recorded by the straight- line method over 10 years with a residual value of $40,000. What gain should be recognized on the sale? ut of Select one: O $48,000. O $12,000 O $25,334 O $24,000. to search General 102 - Question 16 Not yet (x) Corporation issued 10,000 ordinary shares of $5 par value for $20 per share. The entry to record this transaction includes a credit to Share Premium-Ordinary for answered Marked out of 1.00 P Flag question Select one: O $50,000 O $100,000 O $150,000. O $200,000 Previous page Next page Type here to search i / || PLES OF ACCOUNTING courses ||| PRINCIPLES OF ACCOUNTING General 102 - In Aman Company, land decreased $80,000 because of sale for $65,000, the equipment account increased $40,000 as a result of purchase, and Bonds Payable increased $30,000 from issuance at face value. The net cash provided by investing activities is: Select one: O $65,000 $55,000 O $25,000 $70,000 rch / || CIPLES OF ACCOUNTING My courses / || PRINCIPLES OF ACCOUNTING General 102 - Blue Company had these transactions pertaining to share investments: May. 1 Purchased 30,000 shares of Jordan Company (10%) for $120,000 cash. Sept. 1 Received cash dividends of $2 per share on Jordan shares. The entry to record the purchase of the Jordan shares would include a of Select one: O credit to Share Investments for $120,000. O debit to Share Investments for $120,000. O credit to Cash for $60,000. O debit to Investment Revenue for $60,000 search . / || CIPLES OF ACCOUNTING My courses ||| PRINCIPLES OF ACCOUNTING General 102 - 79 (H) Corporation was organized on January 1, 2019. During 2019, (H) issued 20,000 shares at $35 per share, purchased 4,000 treasury shares at $30 per share, and had net income of $400,000 What is the total amount of equity at December 31, 2019? out of Answer: sous page Next page (102) - e to search / || PLES OF ACCOUNTING y courses // PRINCIPLES OF ACCOUNTING General 102 - A corporation reported the following information for the past year: Net Income $200,000 Depreciation expense 30,000 Gain on sale of truck 5,000 Proceeds from sale of truck 8,000 Decrease in accounts receivable 10,000 Assuming these are the only facts, what amount will the corporation report as the Net Cash Provided by Operating Activities on the cash flow statement? Select one: O $ 253,000 O $ 225,000 O $ 235,000 attempt.php?attempt=585792&cmid=272237&page=19 ch / || CIPLES OF ACCOUNTING My courses / || PRINCIPLES OF ACCOUNTING General 102 - On May 1, 2017, A Company sells office furniture for $160,000 cash. The office furniture originally cost $400,000 when purchased on January 1, 2010. Depreciation is recorded by the straight- line method over 10 years with a residual value of $40,000. What gain should be recognized on the sale? ut of Select one: O $48,000. O $12,000 O $25,334 O $24,000. to search