Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I've already asked this question but they didnt all seem right so asking again thx Statement of Cash Flows 1. Indicate whether the cash effect

image text in transcribedimage text in transcribedI've already asked this question but they didnt all seem right so asking again thx

Statement of Cash Flows 1. Indicate whether the cash effect of each transaction is reported on a statement of cash flows as an operating activity (O), investing activity (I), financing activity (F), or noncash financing and investing activity (N). 1. Issuance of bonds at a discount 2. Sale of equipment at a gain 3. Purchase of stock in another company 4. Collection of a long-term note receivable 5. Acquisition of equipment under a lease 6. Purchase of inventory 7. Interest received on trading securities 8. Acquisition of bonds of another corporation 9. Payment of interest on bonds payable 10. Receipt of dividends on long-term investment 11. Payment of a cash dividend 12. Purchase of treasury stock 13. Distribution of a small stock dividend 14. Loan to another firm 15. Retirement of common stock Operating Activities o Cash receipts and payments related to revenues and expenses Cash receipts related to: Sales of goods or services Interest revenue Dividends received Rent revenue . Cash payments related to Purchase of inventory Payments to employees Insurance expense Rent expense Interest expense Tax expense Investing Activities o Cash receipts and payments related to buying or selling long-term assets - Cash receipts related to: Sale of property, plant, and equipment Sale of securities (stocks and bonds of other companies that are not cash equivalents) Collections of notes receivable Cash payments related to: Purchase of property, plant, and equipment Purchase of securities Loaning money (creating a note receivable) Financing Activities O Cash receipts and payments related involving creditors and owners . Cash receipts related to Borrowing from creditors (short-term or long-term except liabilities related to expense, like accounts payable, salaries payable) Issuing bonds payable Sale of the company's own stock Cash payments related to Paying off debt (short-term or long-term) Paying off bonds Purchasing treasury stock Paying cash dividends

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting The Impact On Decision Makers

Authors: Curtis L. Norton, Gary A. Porter

6th Edition

9781439037119, 1439037116

More Books

Students also viewed these Accounting questions

Question

7. Why is break-even analysis so important to a new business?

Answered: 1 week ago