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The records of Neon Corp. provided the following data: a . Purchased a capital asset for $ 3 4 8 , 0 0 0 ;
The records of Neon Corp. provided the following data:
a Purchased a capital asset for $; paid cash.
b Depreciation expense is $
c Sold a capital asset for $ cash; original cost was $ accumulated depreciation is $
d Purchased a capital asset for $; signed a longterm note with the vendor for $ and paid $ in cash.
e Wages expense is $; wages payable decreased by $
f Sales revenue is $; account's receivable decreased by $
g Borrowed $ cash from the bank.
h Declared a cash dividend totalling $; dividends payable decreased by $
i Paid a $ note payable plus $ interest.
j Converted longterm bonds into common shares in the amount of $
Required:
The company uses the indirect method of presentation in the operating activities section. For each of the above items aj state: Deductible amounts and Cash outflows should be indicated with minus sign.
The SCF category Operating activities, Investing activities, Financing activities or indicate that the item is excluded from the SCF
The items that would appear on the SCF
tableaCash paid for capital asset,,bDepreciation,,cGain on sale,,Sold capital asset,,dCash paid for capital asset,,Purchased a capital asset,,Signed a longterm note with the vendor,,eDecrease in wages payable,,fDecrease in accounts receivable,,gBorrowed money,,hPaid dividend,,iRepaid note payable,,jConverted longterm bonds into common shares,,
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