Question

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

Making cash payments to employees for work performed

Collecting cash for Notes Receivable

Collecting Dividend Revenue in cash

Purchasing Land by paying cash. Land to be used for future building site.

Paying dividends to stockholders

Selling Trading Securities for cash

Making cash payments on Note Payable

Homework Answers

Answer #1

Answer:

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
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...
Determine whether the following transactions would be included in the operating, investing, or financing section of...
Determine whether the following transactions would be included in the operating, investing, or financing section of the statement of cash flows. 1 - paid cash to purchase new computer equipment 2 -    received cash from issuing preferred stock 3 -    paid employee salaries and wages 4 - repaid the principal on a long-term bank loan 5 -    paid the interest on a long-term bank loan 6 -    declared cash dividends to be paid at a later...
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       -      ...
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...
State the section(s) of the statement of cash flows (operating activities, investing activities, or financing activities),...
State the section(s) of the statement of cash flows (operating activities, investing activities, or financing activities), the dollar amount, and whether the item would be added or deducted for each of the following transactions: a)    Received $100,000 from the sale of land costing $25,000. b)    Purchased investments for $50,000. c)    Declared $30,000 cash dividends on stock. $5,000 dividends were payable at the beginning of the year, and $5,750 were payable at the end of the year. d)    Acquired equipment for $60,000 cash. e)    Declared and...
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....
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....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT