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Effect of Transactions on Cash FlowsState the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:1. Sold equipment with a book value of $78,000 for $94,000.2. Sold a new issue of $250,000 of bonds at 102.3. Retired $400,000 of bonds, on which there was $4,000 of unamortized discount, for $475,000.4. Purchased 3,000 shares of $30 par common stock as treasury stock at $40 per share.5. Sold 4,000 shares of $25 par common stock for $50 per share.6. Paid dividends of $1.50 per share. There were 40,000 shares issued and 5,000 shares of treasury stock.7. Purchased land for $287,000 cash.8. Purchased a building by paying $60,000 cash and issuing a $50,000 mortgage note payable.
Contribution and indemnity Generally the trustees are jointly and severally liable to the beneficiaries and a trustee sued may claim contribution from the others where although
Carnival Cruise Lines This question has two parts. Answer both parts. Structure your response using headings and subheadings where appropriate. The use of tables and point fo
statement showing surplus capital solution
Q. Explain about Short-term bank loans and Overdrafts? Short-term bank loans and Overdrafts. The symptom are that Vertid is unlikely to obtain further finance from its bank alt
Illustrations of Accounting Policies A Ltd., has decided to change its policy of writing off borrowing costs to capitalizing the same. As at 31st December, 2003, the company had
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A Treasury bond that matures in 10 years has a yield of 3%. A 10-year corporate bond has a yield of 9%. Suppose that the liquidity premium on the corporate bond is 0.8%. What is th
A____ is a loss to the business and a gain to the debtor
Wendy is evaluating a capital budgeting project that should last for 4 years. The project requires $ 800,000 of equipment. She is unsure what depreciation method to use in her anal
The dictionary explains the word 'inventory' as stock of goods. Although, inventory implies that such type of assets that will be disposed of in future in the common course of busi
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