Reference no: EM13824010
Analyze each transaction listed in the table that follows and place the appropriate activity beside it to indicate the transaction’s classification and its effect on cash flows using the indirect method.
Operating Activity, Investing Activity, Financing Activity, Noncash Transaction, Increase, Decrease ,No Effect
1. Increased accounts payable.
2. Decreased inventory.
3. Increased prepaid insurance.
4. Earned a net income.
5. Declared and paid a cash dividend.
6. Issued stock for cash.
7. Retired long-term debt by issuing stock.
8. Purchased along-term investment with cash.
9. Sold trading securities at a gain.
10. Sold a machine at a loss.
11. Retired fully depreciated equipment.
12. Decreased interest payable.
13. Purchased available-for-sale securities (long-term).
14. Decreased dividends receivable.
15. Decreased accounts receivable.
16. Converted bonds to common stock.
17. Purchased90-day Treasury bill.
|
Transaction ratio increase decrease none
: Sung Corporation, a clothing retailer, engaged in the transactions listed in the first column of the table below. Opposite each transaction is a ratio and space to mark the effect of each transaction on the ratio.
|
|
How is the parent tracking its investment
: As SP6, you prepare the worksheet for this problem. You can use the posted excel worksheet which has been started and shows totals for the debits and credits in the consolidating entries columns. We'll start the problem here so you will have all the ..
|
|
Standard of comparison of financial statement analysis
: Indicate whether each of the following items is (a) an objective or (b) a standard of comparison of financial statement analysis:
|
|
Straight-line method-produces and sells outdoor equipment
: Wishaw, Inc. produces and sells outdoor equipment. On July 1, 2014, Wishaw, Inc. issued $150,000,000 of 20-year, 12% bonds at a market (effective) interest rate of 9%, receiving cash of $191,403,720. Interest on the bonds is payable semi annually on ..
|
|
Operating activity-investing activity-financing activity
: Analyze each transaction listed in the table that follows and place the appropriate activity beside it to indicate the transaction’s classification and its effect on cash flows using the indirect method. Operating Activity, Investing Activity, Financ..
|
|
Compound saturated concentration
: Compound Saturated Concentration Cation Molarity Anion Molarity Total Ion SolubilityCo(NO3)2 CoCl2 K2Cr2O7
|
|
Straight-line method-what is depreciation on the building
: At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12 million. $9 million of the purchase price was allocated to the building. What is depreciation on the building for 2016? (Enter your answer in whole dollars)
|
|
How did regan cutting exploration of renewable energies
: How did Regan cutting exploration of renewable energies have a long-term impact on our ability to remove our dependence on oil?
|
|
Inventory valuation method
: 10th Generation Electronics had two transformers in its inventory, one purchased in February for $11,800 and the other acquired in September for $13,300. In December, they sold one of the transformers to Ram Enterprises for $16,400 and reported a gro..
|