Question

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
  • Receipt of cash from sale of equipment
  • Payments of acquisition of land
  • Receiving cash from customers
  • Receiving interest revenue
  • Payments for inventory
  • Payments for interest
  • Receipt of cash from issuance of stock
  • Dividends paid to shareholders
  • Receipt of dividend income
  • Payment of salaries to employees
  • Payment of taxes
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Sl No

Transaction

Activity

1

Loaning money

Investing Activity

2

Receipt of cash from issuance of bonds payable

Financing Activity

3

Receipt of cash from sale of equipment

Investing Activity

4

Payments of acquisition of land

Investing Activity

5

Receiving cash from customers

Operating Activity

6

Receiving interest revenue

Operating Activity

7

Payments for inventory

Operating Activity

8

Payments for interest

Operating Activity

9

Receipt of cash from issuance of stock

Financing Activity

10

Dividends paid to shareholders

Financing Activity

11

Receipt of dividend income

Operating Activity

12

Payment of salaries to employees

Operating Activity

13

Payment of taxes

Operating Activity

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
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...
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
For each item choose whether the activity would be classified as an operating, investing, or financing...
For each item choose whether the activity would be classified as an operating, investing, or financing activity on the statement of cash flows, or if it is a non-cash transaction. Use the following choices for you answer:       -       A.       B.       C.       D.    Payment of salaries       -       A.       B.       C.       D.    Purchasing a building       -      ...
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...
Identify each of the following as being Operating, Investing or Financing in nature. Also identify whether...
Identify each of the following as being Operating, Investing or Financing in nature. Also identify whether the cash flow would be “added” (+) or “subtracted” (-) on the Statement of Cash Flows. Operating, Investing or Financing “added” (+) or “subtracted” (-) Cash collected from customers for services provided Purchase manufacturing equipment Borrowing from the bank Loaning cash to an employee Issuing common stock for cash Selling warehouse previously used for storage Making cash interest payments for long term bonds payable...
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
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...
Identify whether the following cash flow is an operating activity, investing activity, or financing activity. 1....
Identify whether the following cash flow is an operating activity, investing activity, or financing activity. 1. Purchase of motor vehicle. _____________________ 2. Additional investment of owner. _____________________ 3. Interest earned on bank account. _____________________ 4. Collection from customers for services rendered. ______________________ 5. Payment of salaries and wages. _____________________ 6 Withdrawal of the owner. _____________________ 7. Payment of interest on a bank loan. _____________________ 8. Payment of principal of bank loan. ______________________ 9. Sale of furniture. _____________________ 10. Purchase of...
Which of the following is reported as a financing activity in the statement of cash flow?...
Which of the following is reported as a financing activity in the statement of cash flow? a) the sale of securities classified as available for sale b) the acquisition of stock for the purpose of retiring it c) the payment of interest on bonds payable d) the receipt of dividend revenue
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT