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Classify and report the cash flow operations.
For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
a. Cash receipts from selling merchandise. b. Cash payments for wages and salaries. c. Cash proceeds from sale of stock. d. Cash purchase of equipment. e. Cash dividends paid. f. Cash received from bank loan. g. Cash payments for inventory. h. Cash receipts from services rendered. i. Cash payments for taxes. j. Cash proceeds from sale of property no longer needed as expansion site.
In 2013, Fanestill changed its estimates to a useful life of 5 years with a salvage value of $105,000. Illustrate what is 2013 depreciation expense?
how much money would you have to pay each year in 8 equal payments, starting 2 years from today, to repay a $20,000 loan received from a relative today, if the interest rate is 8% per year?
Gift taxes paid on property were $3,000. Find what Alfred's basis for gain is and what is his basis for loss?
Illustrate at what amount is the investment in securities reported on the balance sheet under each of these methods at December 31, 2013? What is the total net income reported in 2013 under each of these methods?
During the year, purchases of Office Supplies totaled $4,200 on account. The inventory of Office Supplies at the end of the year is $1,000. What will the adjusting entry required at the end of the year?
Van Doren Corporation is considering producing a new product, Autodial marketing data indicate that the company will be able to sell 45,000 units per year at $30. Compute the net present value.
In addition, Ashley pays $14,000 in commissions and $3,000 in legal fees in connection with the sale. Explain how much does Ashley realize (the amount realized) from the sale of her property?
Estimate the cost of capital
Using the information in the table below, calculate the amount of the unfavorable rate variance.
Determine fixed and variable cost components of the catering costs using the high-low method. Are the facilities at the fairgrounds adequate to handle crowds needed to generate ticket revenues calculated in number 8 above to earn a $6,000 profit? ..
The building had a fair market value of $78,353 on the date of the sale. Prepare any journal entries (if necessary) that would be required related to the Note Receivable at the end of 2009, 2010, 2011, and 2012.
What could be the income before income taxes derived by Haden from the lease and show journal entries would be recorded by Sandy Company for all of 2004
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