Why is issuing a short-term note receivable an investing activity if it's short term and not...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Why is issuing a short-term note receivable an investing activity if it's short term and not long term? Don't investing activities only involve Long-term assets? Investing activities Sale of building Investment in bonds of another Issuing a short term note receivable for $10,000 company Financing activities Repaying long- term notes payable Operating activities Inventory decrease Why is issuing a short-term note receivable an investing activity if it's short term and not long term? Don't investing activities only involve Long-term assets? Investing activities Sale of building Investment in bonds of another Issuing a short term note receivable for $10,000 company Financing activities Repaying long- term notes payable Operating activities Inventory decrease
Expert Answer:
Answer rating: 100% (QA)
Note receivable is an account that provides informati... View the full answer
Related Book For
Principles of Financial Accounting
ISBN: 978-1133939283
12th edition
Authors: Belverd E. Needles, Marian Powers
Posted Date:
Students also viewed these accounting questions
-
An investor is considering investing in the long term bonds and common stock of Companies A and B. Both firms operate in the same industry. Both also pay a dividend per share of $8 and have a yield...
-
Repaying long term debt is an example of a financing activity. True or false
-
Why are noncash investing and financing activities listed on a separate schedule accompanying the statement of cash flows?
-
) A local firm employs 20 full-time professionals. The budgetedannual compensation per employee is $81,000. The budgeted averagechargeable time is 500 hours per client annually. All professionallab 2...
-
NaviNow Company agrees to pay $20 million in cash to the four former owners of TrafficEye for all of its assets and liabilities. These four owners of TrafficEye developed and patented a technology...
-
Rework Problem 13 assuming the following: In Problem 13, Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows: Sales for the first quarter of the year after this one...
-
Check the solution to Example 14-1 with a McCabe-Thiele calculation. Example 1 In production of sodium hydroxide by the lime soda process, a slurry of calcium carbonate particles in a dilute sodium...
-
A new machine costing $100,000 is expected to save the McKaig Brick Company $15,000 per year for 12 years before depreciation and taxes. The machine will be depreciated as a 7-year class MACRS asset....
-
Enforcement, can influence regulatory success or failure not merely by affecting the achievement of the right objectives. It can also impinge on the quality of regulatory processes. There is,...
-
Can someone please summarize the case study below: if you know about the case IKEA Looks to Further Penetrate the U.S. Market 10 CASE Synopsis: IKEA is known around the world for its stylish,...
-
Identify any key or foreign key constraint violations in the following instances of Table2 and Table3.
-
For this activity you will analyze the 2022 and 2021 annual reports of Canadian Tire Corporation. The site at which you may find the annual reports is: Canadian Tire Corporation...
-
During a busy week at a bakery, 4 bakers each worked 35 hours. During this same week, 220 loaves of bread were prepared by all 3 bakers. What is the single factor labor productivity measured as...
-
if GCI accepts the replaced good but one week later discovers that the new press component is incompatible with the first two components, may GCI still reject the goods despite the fact that it has...
-
For the following elementary aqueous phase reactions (D is a desired product and U is undesired) k1 A D k2 A U K3 DU 1) Write down the expression for instantaneous selectivity to D (SD) and U (SU)....
-
1. Which of the following is NOT true for antigens? a. An antigen is any agent that can bind specifically to components of the immune system. b. Epitopes are the smallest part of an antigen molecule...
-
In the Kerberos V5 dialogue message (2), when the AS responds to Client request, it contains a ticket named Tickettgs. Which one of the following is true about this ticket? a. The Client can decrypt...
-
Show that the peak of the black body spectrum as a function of ? is given by eq. (22.14) kg T Wmax = 2.82
-
Lady, Inc., whose fiscal year ends on December 31, designs and sells fashions for young professional women. Margaret Lutz, president of the company, fears that the forecasted profitability goals for...
-
Choose a company in which you are interested, and obtain its most recent annual report online at the company's website. Click on Investor Relations; then, select Annual Report or SEC Form 10-K....
-
Using the most recent annual report of the company you have chosen to study and that you have accessed online at the company's website, examine all four of the financial statements. Identify the...
-
Debra Company reports the following financial information for the year: Accounts receivable: Based on prior experience the management of Debra Company expects two percent of credit sales to be...
-
1. In an effort to increase collections, Bishop Company offers a 1/10, n/30 discount for early payment. Assume a sale of \($150,000\) made on August Ist. Determine the total sales, the sales...
-
Consider the following balance sheet data for Davis Co., Inc., an electronics and major appliance retailer, at February 26, 2019 and February 27, 2018 (amounts in thousands): a. Prepare a comparative...
Study smarter with the SolutionInn App