Question: Hells Carton? 0/1 pts Incorrect Question 9 Peter Corporation reported the following transactions for 2013: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10,
Hells Carton? 0/1 pts Incorrect Question 9 Peter Corporation reported the following transactions for 2013: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10, Sold equipment for a loss of $2,000. The original cost was $15,000; the book value is $6,000 Issued 2,000 shares of $5 par value common stock for $12 per share Paid $3,000 for an Insurance policy which goes into effect in February 2014. The Prepaid Insurance account balance was $5,000 on 1/1/13 and $3,500 on 12/31/13 Reported Net Income of $12,000 on the Income Statement dated 12/31/13 Reacquired 300 shares of its own $5 par common stock at $20 per share Recorded depreciation expense for $5,000 Paid $3,000 of dividends to common stockholders Acquired a building with a market value of $250,000 by Issuing 20,000 shares of common stock. Paid salaries of $18,000 Repaid a loan, which included $5,000 of the principal and $1,000 in interest The net cash flow from Financing activities is: $7,000 $7,000 se * " 1 $1.000 SX $10.000 80 REF MacBook Air 100 D DD 16 7 Y 8 (9 P R U 1 P 24 Q A @ 2 3 W # 3 < < E $ 4 % 5 S D 5 HE G 4 I J K
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
