Question

) Identify how each of the following items is shown on the statement of cash flows....

) Identify how each of the following items is shown on the statement of cash flows. Identify each as operating (O), investing (I), financing (F), or non-cash investing and financing (N). Item (O), (I), (F), (N) Cash payment of dividend Cash paid for income tax expense Land received in exchange for issuance of common stock

Item

(O), (I), (F), (N)

Cash payment of dividend

Cash paid for income tax expense

Land received in exchange for issuance of common stock

10) _____________

Homework Answers

Answer #1

Solution

Item (O), (I), (F), (N)
Cash payment of dividend (F)
Cash paid for income tax expense (O)
Land received in exchange for issuance of common stock (N)

Working

Expanded answer

Item (O), (I), (F), (N)
Cash payment of dividend (F) Financing
Cash paid for income tax expense (O) Operating
Land received in exchange for issuance of common stock (N) Non-cash investing and financing

Cash paid to stockholder in form of dividend is a financing activity whereas all payments for operating expenses are operating cash flows, Income tax payment is also considered as an operating cash outflow.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
For each of the following items, assuming the company reports cash flows from operations using the...
For each of the following items, assuming the company reports cash flows from operations using the Indirect Method, Indicate whether the item is: A positive cash flow from Operating activities = +O A negative cash flow from Operating activities = -O A positive cash flow from Financing activities = +F A negative cash flow from Financing activities = -F A positive cash flow from Investing activities =+I A positive cash flow from Investing activities =-I A non-cash financing and investing...
Chapter 14: Classifying items on the indirect statement of cash flows Learning Objective 1, 2 Destiny...
Chapter 14: Classifying items on the indirect statement of cash flows Learning Objective 1, 2 Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to consider in preparing the statement: a.  Increase in accounts payable b. Payment of dividends c.  Decrease in accrued liabilities d. Issuance of common stock e.  Gain on sale of building f.  Loss on sale of land g.  Depreciation expense h. Increase in merchandise inventory i.   Decrease in accounts receivable j.  Purchase...
Cash flow items must be categorized into one of four categories. Identify each item as operating​...
Cash flow items must be categorized into one of four categories. Identify each item as operating​ (O), investing​ (I), financing​ (F), or​ non-cash (N). a. Cash purchase of merchandise inventory b. Cash payment of dividends c. Cash receipt from the collection of long-term notes receivable
CASH FLOW CATEGORIES Augustus Corporation reports the following items in its statement of cash flows. Indicate...
CASH FLOW CATEGORIES Augustus Corporation reports the following items in its statement of cash flows. Indicate whether each item is considered to be an operating, investing, or financing activity. Operating Investing Financing Cash paid for salaries and wages Cash paid to purchase property, plant, and equipment Cash received from issuing stock to owners Cash paid for income taxes Cash paid to purchase investments in securities Dividends paid to owners F Interest paid on liabilities O Cash received from sale of...
For each of the following items, indicate which section(s) of the statement of cash flows the...
For each of the following items, indicate which section(s) of the statement of cash flows the effect of this item would be recorded. Issuance of bonds Issuance of a stock dividend Sale of buildings at a loss Purchase of treasury stock Purchase of equipment Amortization of intangible assets Increase in inventory Issuance of common stock for land Depreciation of equipment
For each of the items below, indicate whether the cash flow item relates to an operating...
For each of the items below, indicate whether the cash flow item relates to an operating activity, an investing activity, or a financing activity: a. Cash loaned to borrowers b. Cash paid as interest on bonds payable c. Cash received from issuance of preferred stock d. Cash paid as state income taxes e. Cash received as dividends on stock investments f. Cash paid to acquire treasury stock g. Cash paid to acquire a franchise to distribute a product line
Mach each cash flow to the section of the Statement of Cash Flows in which it...
Mach each cash flow to the section of the Statement of Cash Flows in which it would appear. Payment of Long-Term Debt Issuance of Stock to Acquire Land    Collection of Accounts Receivable .    Sale of Available-for-Sale Securities (Long Term) Payment of Employees' Wages Issuance of Common Stock for Cash Payment of Income Taxes Payable    Purchase of Equipment    Purchase of Treasury Stock (Common) 1. Cash Provided/Used by Financing Activities 2. Cash Provided/Used by Investing Activities 3. Cash...
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...
14. For each of the following items, indicate with the letter X whether the transaction would...
14. For each of the following items, indicate with the letter X whether the transaction would appear in the operating, investing, or financing activities section of the statement of cash flows, or is not reported in any one of these three categories. Assume the indirect method is used for reporting. (6 pts) Transaction Activity Operating Investing Financing None 1. Revenue minus expenses from operations (i.e., net income) 2. Collection of cash dividend. 3. Payment of a cash dividend previously declared....
Each of the events below may have an effect on the statement of cash flows. Designate...
Each of the events below may have an effect on the statement of cash flows. Designate how the event should be reported within the statement of cash flows using the codes provided below. Codes may be used more than once, or not at all. Codes I + Investing activity; cash inflow I - Investing activity; cash outflow F + Financing activity; cash inflow F - Financing activity; cash outflow O + Operating activity; cash inflow O - Operating activity; cash...