Business, 12.08.2020 08:01 LoveHalo4758

Listed below are transactions that might be reported as investing and/or financing activities on a statement of cash flows. Possible reporting classifications of those transactions are provided also. Required:
Indicate the reporting classification of each transaction by entering the appropriate classification code. (The first item is provided as an example.)

Classifications
+ I Investing activity (cash inflow)
– I Investing activity (cash outflow)
+ F Financing activity (cash inflow)
– F Financing activity (cash outflow)
N Noncash investing and financing activity
X Not reported as an investing and/or a financing activity

Classifications Transactions
+I 1. Sale of land.
2. Issuance of common stock for cash.
3. Purchase of treasury stock.
4. Conversion of bonds payable to common stock.
5. Lease of equipment.
6. Sale of patent.
7. Acquisition of building for cash.
8. Issuance of common stock for land.
9. Collection of note receivable (principal amount).
10. Issuance of bonds.
11. Issuance of stock dividend.
12. Payment of property dividend.
13. Payment of cash dividends.
14. Issuance of short-term note payable for cash.
15. Issuance of long-term note payable for cash.
16. Purchase of marketable securities ("available for sale").
17. Payment of note payable.
18. Cash payment for five-year insurance policy.
19. Sale of equipment.
20. Issuance of note payable for equipment.
21. Acquisition of common stock of another corporation.
22. Repayment of long-term debt by issuing common stock.
23. Payment of semiannual interest on bonds payable.
24. Retirement of preferred stock.
25. Loan to another firm.
26. Sale of inventory to customers.
27. Purchase of marketable securities (cash equivalents).

Answers: 1

Show answers

Answers

Answer from: nickykardashian

Please see appropriate classification below.

+ I Investing activity (cash inflow)

1. Sale of land. +I

6. Sale of patent. +I

9. Collection of note receivable (principal amount). +I

19. Sale of equipment. +I

– I Investing activity (cash outflow)

7. Acquisition of building for cash. -I

16. Purchase of marketable securities ("available for sale"). -I

21. Acquisition of common stock of another corporation. -I

25. Loan to another firm. -I

+ F Financing activity (cash inflow)

2. Issuance of common stock for cash. +F

10. Issuance of bonds. +F

14. Issuance of short-term note payable for cash. +F

15. Issuance of long-term note payable for cash. +F

– F Financing activity (cash outflow)

3. Purchase of treasury stock. -F

13. Payment of cash dividends. -F

17. Payment of note payable. -F

24. Retirement of preferred stock. -F

N Noncash investing and financing activity

4. Conversion of bonds payable to common stock. N

5. Lease of equipment. N

8. Issuance of common stock for land. N

20. Issuance of note payable for equipment. N

22. Repayment of long-term debt by issuing common stock. N

X Not reported as an investing and/or a financing activity

11. Issuance of stock dividend. X

12. Payment of property dividend. X

18. Cash payment for five-year insurance policy. X

23. Payment of semi-annual interest on bonds payable. X

26. Sale of inventory to customers. X

27. Purchase of marketable securities (cash equivalents). X

Learn more at : link

Answer from: dondre54

Investing Activities refer to cashflow activities that have to do with Fixed assets as well as the ownership of the securities of other companies.

Financing Activities refer to cashflow activities that have to do with how the company sources funds for the company so this includes Equity related activities and long term liabilities.

1. Sale of land. +I

2. Issuance of common stock for cash. +F

3. Purchase of treasury stock. -F

4. Conversion of bonds payable to common stock. N

5. Lease of equipment. N

6. Sale of patent. +I

7. Acquisition of building for cash. -I

8. Issuance of common stock for land. N

9. Collection of note receivable (principal amount). +I

10. Issuance of bonds. +F

11. Issuance of stock dividend. X

12. Payment of property dividend. X

13. Payment of cash dividends. -F

14. Issuance of short-term note payable for cash. +F

15. Issuance of long-term note payable for cash. +F

16. Purchase of marketable securities ("available for sale"). -I

17. Payment of note payable. -F

18. Cash payment for five-year insurance policy. X

19. Sale of equipment. +I

20. Issuance of note payable for equipment. N

21. Acquisition of common stock of another corporation. -I

22. Repayment of long-term debt by issuing common stock. N

23. Payment of semiannual interest on bonds payable. X

24. Retirement of preferred stock. -F

25. Loan to another firm. -I

26. Sale of inventory to customers. X

27. Purchase of marketable securities (cash equivalents). X

Answer from: Quest

wheres the chart? so i can answer.

Answer from: Quest

750 h and costs $0.60 per bulb.

Other questions on the subject: Business

Business, 21.06.2019 18:30, mashejaj

2. high-glow currently produces 1,000 bicycles per month. the following per unit data apply for sales to regular customers: direct materials $50 direct manufacturing labor 5 variable manufacturing overhead 14 fixed manufacturing overhead 10 total manufacturing costs $79 the plant is experiencing demand shortage and is considering reducing production to 800 bicycles. what is the per unit cost of producing 800 bicycles? a) $79 per unit b) $81.50 per unit c) $74 per unit d) $69 per unit

Answers: 2

continue

Business, 22.06.2019 01:00, bommat1085

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturingâ€‹ company: work in process inventory â€‹$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additionalâ€‹ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.â€‹ 151, for which total direct labor charges were $ 5 comma 700 â€‹(1 comma 000 direct laborâ€‹ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured forâ€‹ january

Answers: 1

continue

Business, 22.06.2019 10:30, kingyogii

The rybczynski theorem describes: (a) how commodity price changes influence real factor rewards (b) how commodity price changes influence relative factor rewards. (c) how changes in factor endowments cause changes in commodity outputs. (d) how trade leads to factor price equalization.

Answers: 1

continue

Business, 22.06.2019 12:50, HarleyQuinn117

Performance bicycle company makes steel and titanium handle bars for bicycles. it requires approximately 1 hour of labor to make one handle bar of either type. during the most recent accounting period, barr company made 7,700 steel bars and 2,300 titanium bars. setup costs amounted to $35,000. one batch of each type of bar was run each month. if a single company-wide overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be:

Answers: 2

continue

You know the right answer?

Listed below are transactions that might be reported as investing and/or financing activities on a s...