An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Hailey Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary.
Indicate where each item should be presented in the statement of cash flows (indirect method) using these four major classifications: operating activity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect method), investing activity, financing activity, or significant noncash investing and financing activity.
(a) Exchange of land for patent.
(b) Sale of building at book value.
(c) Payment of dividends.
(d) Depreciation.
(e) Conversion of bonds into common stock.
(f) Issuance of capital stock.
(g) Amortization of patent.
(h) Issuance of bonds for land.
(i) Purchase of land.
(j) Loss on disposal of plant assets.
(k) Retirement of bonds. select an option
Answers: 1
Business, 22.06.2019 15:10, hsbhxsb
Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a. wimpy’s production and productivity are greater than popeye’s. b. popeye’s production is greater than wimpy’s, but his productivity is less. c. wimpy’s production is greater than popeye’s, but his productivity is less. d. popeye’s production and productivity are greater than wimpy’s.
Answers: 3
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