During 2012, Simms Company redeemed $2,000,000 of bonds payable for $1,880,000 cash. Indicate how this transaction would

Question:

During 2012, Simms Company redeemed $2,000,000 of bonds payable for $1,880,000 cash. Indicate how this transaction would be reported on a statement of cash flows, if at all.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Intermediate Accounting

ISBN: 978-0470587287

14th Edition

Authors: kieso, weygandt and warfield.

See More Books

Question Posted: Sep 19, 2022 07:48 AM

See More Questions

During 2022, Simms Group redeemed 2,000,000 of bonds payable for 1,880,000 cash. Indicate how this transaction would be reported on a statement of cash flows, if at all.
Indicate whether each of the following would be reported on the balance sheet (B/S), income statement (I/S), or statement of stockholders' equity (SSE). 1. Insurance costs paid this year, to expire...
Indicate where each item would appear on a statement of cash flows using the direct method by placing an x in the appropriate column. Noncash Not Statement of Cash Flows Investing and Financing...
In schema normalisation, is Boyce-Codd Normal Form (BCNF) always to be preferred over 3rd Normal Form (4NF)? Explain your answer. [5 marks] 8 (TURN OVER) CST.2004.7.4 8 Economics, Law and Ethics (a)...
For each of the following situations, indicate what type of data collection method you would recommend and discuss why you have made that recommendation: a. collecting data on the percentage of bike...
This project will be completed in two parts. The instructions and list of daily business transactions are listed in the Google Sheet titled "Project Instructions" link below. All answers should be...
Using one beam element and one spring element, find the natural frequencies of the uniform, spring-supported cantilever beam shown in Fig. 12.22. Figure 12.22:- p. A,I,E X X+ 7777 b Section X-X h...
Trattner Company had a beginning inventory on January 1 of 100 units of Product SXL at a cost of $20 per unit. During the year, purchases were: Mar. 15 300 units at $23 Sept. 4 ... 290 units at $28...
A company began selling a new product in 2022. The product includes a complimentary 5-year quality assurance warranty. During 2022, the company had sales of the product of $10 million (on account)...
D The following four question relate to these three bonds: Issuer: US Treasury Microsoft Merck Issuer Credit Rating Face Amount Term Semi-Annual Coupon Question 21 Choose th AAA $1,000 5 years $45...
Each of the following items must be considered in preparing a statement of cash flows for Blackwell Inc. for the year ended December 31, 2012. State where each item is to be shown in the statement,...
Wainwright Corporation had the following activities in 2012. 1. Sale of land $180,000 2. Purchase of inventory $845,000 3. Purchase of treasury stock $72,000 4. Purchase of equipment $415,000 5....
In problem, list the intercepts and test for symmetry with respect to the x-axis, the y-axis, and the origin. x 2 + x + y 2 + 2y = 0
- p = 0.002x+6.00 The domain of p is (Type a compound inequality.)
Simplify 5-3[5-2(4x-1)]
Simplify. 12-5v-14 2 2v-8
Multiply. (2y+3w)(7y-2w-7) Simplify your answer.
Multiply. (6y-4u+1)(3y-5u+4) Simplify your answer.
Verify that the mappings in problems 1 to 3 are linear transformations. 1. L1: C1 C, L1 (y) = y' + p(t) y 2. (X and Y appropriate spaces) 3. (X the space of convergent real sequences) Oo :X Y, C(f) =...
Draw two scatterplots, one for which r = 1 and a second for which r = 21.
Situation Hamilton Company operates in an industry with numerous competitors. It is experiencing a shortage of cash and decides to obtain money from a large bank by using some of its receivables as...
Distinguish among the types of inventory accounts used for merchandising and manufacturing companies.
What are the cost components of each of the three inventory accounts of a manufacturing company?
If employee costs were distributed equally for both WebLink and KH Connect, for which company, and for which year, was the highest employee cost per city?
S dx Evaluate ( +1) x(x+1)
Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July,...

During 2012, Simms Company redeemed $2,000,000 of bonds payable for $1,880,000 cash. Indicate how this transaction would

Question:

Step by Step Answer:

Answer Statement of cash flows The statement of cash flows is a statement which includes ...View the full answer

Intermediate Accounting

Students also viewed these Business questions