Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/6648ee2fc85d3_5996648ee2f507f7.jpg)
Transcribed Image Text:
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flow a. Retired $340,000 of bonds, on which there was $3,400 of unamortized discount, for $354,000. b. Sold 7,000 shares of $30 par common stock for $63 per share. c. Sold equipment with a book value of $59,200 for $85,200. d. Purchased land for $489,000 cash. e. Purchased a building by paying $56,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $200,000 of bonds at 98. g. Purchased 3,400 shares of $40 par common stock as treasury stock at $75 per share. h. Paid dividends of $2.00 per share. There were 18,000 shares issued and 3,000 shares of treasury stock. a. b. C. d. Effect e. f. g. h. Cash payment Cash receipt Amount 13 Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flow a. Retired $340,000 of bonds, on which there was $3,400 of unamortized discount, for $354,000. b. Sold 7,000 shares of $30 par common stock for $63 per share. c. Sold equipment with a book value of $59,200 for $85,200. d. Purchased land for $489,000 cash. e. Purchased a building by paying $56,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $200,000 of bonds at 98. g. Purchased 3,400 shares of $40 par common stock as treasury stock at $75 per share. h. Paid dividends of $2.00 per share. There were 18,000 shares issued and 3,000 shares of treasury stock. a. b. C. d. Effect e. f. g. h. Cash payment Cash receipt Amount 13
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
U Ltd has three subsidiaries (one of which is dormant) and has the following results for the year to 31 December 2020: Compute the corporation tax liability for the year and state the date (or dates)...
-
In assigning costs to goods transferred out, how do the weighted average and FIFO methods differ?
-
Determine voltages v1 through v3 in the circuit of Fig. 3.65 using nodal analysis. Figure 3.65 2 S 2 8 S 2 A I S
-
According to the 2019 J.D. Power and Associates Reports, three Hyundai Motor Group models have the fewest quality problems in the industry, with just 63,70 , and 71 problems per 100 vehicles for...
-
The following equation is sometimes used to forecast financial requirements: AFN = (A0*/S0) (S) (L0*/S0) (S) MS1 (1 POR) What key assumption do we make when using this equation? Under what...
-
find all the real solutions of the equation 0 = 3 x ^ 3 - 2 x ^ 2 - 1 2 x + 8
-
Greedy algorithm to align DNA sequences. Obtain the optimal global alignment of two sequences S: ccatacgtggttggtt and T: acgg using the greedy method. How is this an improvement over the dynamic...
-
In the liabilities section of its 2008 balance sheet, Wells Fargo & Company reported "noninterestbearing deposits" of over \(\$ 150\) billion. Wells Fargo is a very large banking company. In the...
-
If you were a compensation consultant to a company, how would you recommend it provide incentives to the CE O and other executives? Why?
-
Whitewater Corporation borrowed \(\$ 40,000\) from the bank on October 1, 2011. The note had a 9 percent annual rate of interest and matured on March 31, 2012. Interest and principal were paid in...
-
The College Book Mart sells books and other supplies to students in a state where the sales tax rate is 8 percent. The College Book Mart engaged in the following transactions for 2011. Sales tax of 8...
-
What is meant by goods flow and cost flow?
-
Each of the events below may have an effect on the statement of cash flows. Designate how the event should be reported within the statement of cash flows using the codes provided below. Codes may be...
-
Consider the setup in Problem 16. Show that the relative speed of the ball and the point of contact on the stick is the same before and immediately after the collision. (This result is analogous to...
-
Michael Anet has the following trial balance. Required: Prepare Michael Anets income statement for the year ended 31 December 2012 and statement of financial position as at 31 December 2012. M. Anet...
-
Clara Onstable has prepared her trial balance as at 31 December. She has the following additional information. (a) She pays 240 rent per month. She has paid 3,600, the whole years rent plus three...
-
Vincent Gogh, a shopkeeper, has the following trial balance. You also have the following additional information. 1. Closing inventory as at 31 December 2012 is 9,000. 2. V. Gogh owes 350 for...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App