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Business, 27.01.2020 18:31 delanieloya
The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. classify each of the transactions listed below as: 1. operating activity-add to net income. 2. operating activity-deduct from net income. 3. investing activity. 4. financing activity. 5. reported as significant noncash activity.
the transactions are as follows. (a) issuance of capital stock (b) purchase of land and building (c) redemption of bonds (d) sale of equipment (e) depreciation of machinery (f) amortization of patent (g) issuance of bonds for plant assets (h) payment of cash dividends (i) exchange of furniture for office equipment (j) purchase of treasury stock (k) loss on sale of equipment (l) increase in accounts receivable during the year (m) decrease in accounts payable during the year
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Business, 21.06.2019 21:30, Brandonjr12
In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security
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Business, 22.06.2019 11:10, nadinealonzo6121
Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
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