Question: A corporation issued 2 000 000 of 20 year bonds for cash at
A corporation issued $2,000,000 of 20-year bonds for cash at 98. How would the transaction be reported on the statement of cash flows?
Answer to relevant QuestionsFully depreciated equipment costing $50,000 was discarded. What was the effect of the transaction on cash flows if (a) $15,000 cash is received, (b) No cash is received?Avenger Inc. reported the following data:Net income ............. $270,000Depreciation expense......... 30,000Gain on disposal of equipment.... 24,600Decrease in accounts receivable... 16,800Decrease in accounts ...The cost of merchandise sold reported on the income statement was $240,000. The accounts payable balance increased $12,000, and the inventory balance increased by $19,200 over the year. Determine the amount of cash paid for ...The board of directors declared cash dividends totaling $364,000 during the current year.The comparative balance sheet indicates dividends payable of $104,300 at the beginning of the year and $91,000 at the end of the year. ...The comparative balance sheet of Wedge Industries Inc. for December 31, 2014 and 2013 is as follows:The following additional information is taken from the records:1. Land was sold for $100.2. Equipment was acquired for ...
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