Question

Classify each of the following transactions as an​ operating, investing, or financing​ activity; or a noncash...

Classify each of the following transactions as an​ operating, investing, or financing​ activity; or a noncash investing and financing activity.

6. Collection of sales revenue 7. Conversions of bonds payable to common stock 8. Loss on the sale of equipment 9. Purchase of another company's stock (to be held for more than one year) 10. Purchase of merchandise inventory

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Classify each of the following transactions as an​ operating, investing, or financing​ activity; or a noncash investing and financing activity.

6. Collection of sales revenue Operating activities
7. Conversions of bonds payable to common stock noncash investing and financing activity
8. Loss on the sale of equipment Operating activities (indirect method)
9. Purchase of another company's stock (to be held for more than one year) Investing activities
10.Purchase of merchandise inventory Operating activities
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Classify each of the following transactions as an​ operating, investing, or financing​ activity; or a noncash...
Classify each of the following transactions as an​ operating, investing, or financing​ activity; or a noncash investing and financing activity. Transaction Type of Activity 1. Payment of salaries Operating 2. Purchase of land with cash 3. Issuance of stock 4. Repayment of long-term notes 5. Payment of rent Operating
Question 2 Classify each of the following as an operating, investing, or financing activity under ASPE:...
Question 2 Classify each of the following as an operating, investing, or financing activity under ASPE: Loaning money Receipt of cash from issuance of bonds payable Receiving cash from customers Receiving interest revenue Payments for inventory Payments for interest Receipt of cash from sale of equipment Payments of acquisition of land Receipt of cash from issuance of stock Dividends paid to shareholders Receipt of dividend income Payment of salaries to employees Payment of taxes
Classify each of the following as an operating​ activity, an investing​ activity, or a financing activity....
Classify each of the following as an operating​ activity, an investing​ activity, or a financing activity. Also identify those items that are not reported on the statement of cash flows prepared by the direct method. a. Net income b. Payment of dividends c. Borrowing d. Payment of cash to suppliers e. Making a loan f. Receipt of cash dividends g. Depreciation expense h. Purchase of equipment i. Issuance of shares j. Purchase of another company k. Payment of a note...
Identify the Cashflow Activity - Operating (O), Investing (I), Financing (F), NonCash (NC) Instructions: Complete the...
Identify the Cashflow Activity - Operating (O), Investing (I), Financing (F), NonCash (NC) Instructions: Complete the table below by indicating the Cashflow Activity and whether it is positive or negative cash (10pts) Transaction Cashflow Activity (O,I,F,NC) Cashflow -/+ 1. Collected an Accounts Receivable $4,000 2. Declared and paid $1 dividend/per share on 10,000 common shares 3. Sold long term investments in the common stock of FaceBook for $8,000 cash 4.Issued common shares in exchange for new equipment (worth $5,000) 5....
Can you identify Operating activities section, Investing activities section, Financing activities section, or Noncash activities note?...
Can you identify Operating activities section, Investing activities section, Financing activities section, or Noncash activities note? - A cash dividend received from an investment in another company’s stock - Payment of Dividends on Common Stock - The receipt of cash from the issuance of common stock - The purchase of a long -term asset like land or equipment (with cash) - Sale of a long- term asset for cash - The issuance and repayment [retirement] of bonds payable - The...
Question 4 The major classifications of activities reported in the statement of cash flows are operating,...
Question 4 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. Transactions Classifications of Activities (a) Issuance of common stock. (b) Purchase of land and building. (c) Redemption of bonds (d) Sale of equipment. (e)...
chapter 12: Reporting Cash Flows Distinguish between operating, investing, and financing activities, and describe how noncash...
chapter 12: Reporting Cash Flows Distinguish between operating, investing, and financing activities, and describe how noncash investing and financing activities are disclosed. Knowledge Check 04 The following transactions and events occurred during the year. Indicate how each transaction would appear on its statement of cash flows by selecting an appropriate category. Borrowed cash from bank by signing a long-term note payable. Paid cash to purchase long-term investment securities. Paid employees for salaries and wages. Paid interest on bonds payable. for...
Classify each item by type of business activity—operating (O), investing (I), or financing (F). Also indicate...
Classify each item by type of business activity—operating (O), investing (I), or financing (F). Also indicate whether it results in an inflow or outflow of cash. (a) _________ Loan taken out from a bank (b) _________ Cash received from customers (c) _________ Sale of office equipment that company is done using (d) _________ Dividends paid to shareholders (e) _________ Common shares issued to investors (f) _________ Loan repayment (g) _________ Payment to supplier for inventory (h) _________ Purchase of an...
Indicate the type of activity each of the following transactions represents (operating, investing, or financing) and...
Indicate the type of activity each of the following transactions represents (operating, investing, or financing) and whether it is an inflow or an outflow. Sold goods. ? Purchased building. ? Issued capital stock. ? Received cash dividends. ? Paid cash dividends. ? Purchased treasury stock. ? Sold available-for-sale securities. ? Made a loan. ? Paid interest on loan. ? Paid bond principal. ? Received proceeds of insurance settlement. ? Made contribution to charity. ?
Please classify the following activities as Operating, Investing or Financing Activities. Purchase land and building for...
Please classify the following activities as Operating, Investing or Financing Activities. Purchase land and building for new factory. __________________________ Received Interest. ________________________ Pay a Dividend to Stockholders. _____________________ Pay Supplier for Inventory Purchased. ____________________ Sell unneeded equipment. ______________________
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT