Which of the following is not classified among the financing activities in a statement of cash flows?
Q: 4/ 2 Purchased a company automobile for $32,000, with a cash down payment of $1,000 and the remainin...
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in...
Q: A television company purchased machinery for BD20,000 in 2009. It is estimated to have a useful life...
A: The depreciation expense is charged on fixed assets as reduced value of the fixed asset with usage a...
Q: You plan to borrow $49,400 at a 7.3% annual interest rate. The terms require you to amortize the loa...
A: Yearly installments= $49400* R* (1+R)^n/((1+R)^N-1) = 49400* 7.3%* (1+7.3%)^7/((1+7.3%)^7-1) = 9262
Q: 4.) Mr. Ali has been in business for some years. The following trial balance has been extracted from...
A: Financial statement is prepared from the trial balance which include :- Profit and loss and oth...
Q: FINANCIAL STATEMENTS Refer to the trial balance in Problem 3-13A and to the analysis of the change i...
A: Ledger refers to the book under which the accounting transactions are reported and the amounts are p...
Q: Ace Company stockholder’s equity at the end of 2015 is shown in the table below. Preference share c...
A: Cost per share of Treasury Shares = Total value of Treasury shares / Number of shares purchased
Q: Ginocera Inc. is a designer, manufacturer, and distributor of custom gourment kitchen knives. A new ...
A: Income Statement The purpose of preparing the income statement is to know the net income which was d...
Q: raded company, is preparing the interim financial data which it will issue to its stockholders and t...
A: Cost of goods sold refers to the expenses involved while selling a good or service by a company in t...
Q: a fired aset, h aa conputer, was phased an lanary i fer 1.419 wth timated Me ot aandasae or u v .e j...
A: Monthly depreciation expense using straight line depreciation = (Cost - salvage value)/useful life i...
Q: Sunn Company manufactures a single product that sells for $170 per unit and whose variable costs are...
A: Formulas: Break even units = Fixed costs /Contribution margin per unit Contribution margin per unit...
Q: Lise the cost information below for Sundar Company to determine the cont of goods manufactured cluri...
A: Cost of goods manufactured = Beginning work in process + Total manufacturing costs - Ending work in ...
Q: The internal audit function of Plastic Designs Ltd completed the manufacturing process internal audi...
A: The phases in the internal audit process are: 1.Determining audit assignment and overall plan- The a...
Q: Date Account Titles and Explanation Debit Credit > > > > > >
A: Preferred Stock- Preferred stock is a part of share capital that may have any arrangement of quality...
Q: Assign account numbers and specify whether each account would appear on the balance sheet or income ...
A: The question is based on the concept of Financial Accounting.
Q: Cancun, Inc. reported net income of P23,498,632 for 2020. Changes occurred in several balance sheet ...
A: Statement of cash flow from operating activities: Amount (P) Net income 23,498,632 ...
Q: Domingo Company started its business on January 1, 2019. The following transactions occurredduring t...
A: Journal entries recording is the first step of accounting process, under which atleast one account i...
Q: Cost-Volume Profit Analysis Incline Company generated $700,000 in revenue selling 1,000 units of its...
A: The term Break Even Point is very important for any organisation point of view as it denotes the le...
Q: The costs of direct materials, direct labor, and overhead of completed products ready for sale are k...
A: Cost of goods sold (COGS) refers to the cost of goods and services which is sold by the company in a...
Q: CCT 102 - Please Do Sections A + B ONLY, Thank You. :)
A: Marketable Securities are fixed income generating instruments which are majorly issued by the govern...
Q: On what basis shall we allocate resources to Program A instead of Program B,” is the perennial state...
A: When compared to other types of budgeting, such as that used by typical private sector organisations...
Q: 4/3 Paid the Gazette $200 to place an employment advertisement for an accounting clerk. how to solve...
A: Journal entry: It refers to the process of recording financial transactions incurred by the business...
Q: Which of the following best describes a contingent liability that is unlikely to occur?A. remoteB. p...
A: Contingent liabilities are those liabilities that will occur on the basis of future events. These li...
Q: 16. Under a job order costing system, the dollar amount of the entry involved in the transfer of goo...
A: Note: As per our guidelines, only the first question shall be answered. 16. The correct answer is ...
Q: Popoy is a messenger of Basha Logistics. He receives a monthly salary of P25,000. At the end of the ...
A: computation of taxable income of Mr. Popoy for the year particulars Amount (PHP) Basic salar...
Q: Cost method consolidation entries (controlling investment in affiliate, fair value differs from book...
A: Common stock is a type of security that represents a company's ownership. The board of directors is ...
Q: 4. Inventoriable costs become expenses when the O manufacturing process begins. Omanufacturing proce...
A: Inventoriable costs is the cost shown in balance sheet under head inventory. It includes purchase co...
Q: Willams Company computed its cost per equivalent unit for direct materials to be $180 and its cost p...
A: Finished goods inventory = No. of units completed and transferred x Cost per Equivalent unit where, ...
Q: Average Cost per Unit Direct materials Direct labor Variable manufacturing overhead Fixed manufactur...
A: Introduction: Variable cost: Variable cost is not fixed in nature. It varies according to the change...
Q: SALES AND CASH RECEIPTS TRANSACTIONS Sourk Distributors is a retail business. The following sales, r...
A: Journal Book is prepared for recording all business day-to-day transactions. In Journal all transact...
Q: 4. M Company uses the weighted average method of process costing. Its Process #1 had no beginning in...
A: The total cost of producing a product, including raw materials and operating costs, is detailed in a...
Q: Dakota Corporation is an owner/operator of 15 water filtration systems in the Northwestern region of...
A: In Accounting we have capital expenditure and revenue expenditure. Capital e...
Q: An inventory of supplies showed $200 of supplies were left 2. There was $500 of depreciation on Fur...
A: 1. Income Statement 2. Balance Sheet The first statement shows the income earned and loss incurred b...
Q: Average Cost per Unit $6.55 Direct materials Direct labor Variable manufacturing overhead Fixed manu...
A: Variable cost: Variable cost means cost which vary with the every units. It increases/decreases with...
Q: Instructions On the first day of the fiscal year, a company issues a $3,500,000, 6%, five-year bond ...
A: Solution A journal is a company's official book in which all business transaction are recorded in ch...
Q: Lady Gagarin received a car from Universal Gagarin Corporation for its everyday use. The car was pur...
A: Grossed-up monetary value refers to the additional value of money added to the income of an individu...
Q: Which of the following manufacturers is less likely to use a job accounting system ? a. A shi...
A: Job accounting system: It implies to as one of the costing method under which the costs incurred in ...
Q: Magenta Corporation wants to raise $51.7 million in a seasoned equity offering, net of all fees. Mag...
A: Shares- Shares are units of equity possession in a business. For some companies, shares subsist as a...
Q: Bruce bought a bank bill with a face value of $1 million, priced to yield 3.30 per cent per annum ov...
A: Face value of the bill $1,000,000 Yield per annum 3.30% Monthly yield 3.30% / 12 months = 0.275...
Q: Prepare adjusting entry for October 31. Show computation. A bank loan amounting to P100,000 was obta...
A: Adjusting entries are prepared by management to ensure the accrual basis accounting system. It is pr...
Q: Prepare adjusting entry for October 31. Show computation. A bank loan amounting to P100,000 was obta...
A: Formula: Interest expense = Bank loan amount x Interest rate x Time period
Q: Preparation of the Income Statement The income and expense accounts of Nora Maniquiz Real Estate Age...
A: The question is related to Income Statement. An income statement is a financial statement that shows...
Q: Find the monthly payment and estimate the remaining balance. Assume interest is on the upaid balance...
A: The question is based on the concept of Annuity in Financial Management. Annuity refers to the serie...
Q: Why is it important to prepare a financial budget?
A: Budget refers to the expenses as well as revenue estimation over the particular time period or durat...
Q: A. Operating expenses are a function of: a. The cost of equity and the cost of debt b. The...
A: Operating Expenses: In the business world, an operational expenditure is a cost that a company incur...
Q: Bank reconciliation using: a. Bank to book method; b.Book to bank method; and c.Adjusted balance met...
A: 1. Bank reconciliation using: a. Bank to book method
Q: H. Tillman performed legal services for J. Laney. Due to a cash shortage, an agreement was reached w...
A: The journal entries are prepared to keep the record of day to day transactions of the business. The...
Q: Why is EBITDA controversial?
A: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is a metric used to assess ...
Q: Distinguish between a fictitious transaction and an artificial transaction?
A: The difference between fictitious transaction and an artificial transaction is based on the definiti...
Q: nstructions: Javier started a business that is dedicated to the preparation of land for construction...
A: Income statement Expenses amount income amount To rent 600 By sales(3000+3500+2000) 8500 ...
Q: Accounting Timpano Communications Inc. reported the following shareholder's equity information on...
A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued i...
Which of the following is not classified among the financing activities in a statement of cash flows?
a Long-term borrowing.
b Payment of dividends to stockholders.
c Short-term borrowing.
d Payment of interest to creditors.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Which of the following would be included in the financing section? A. loss on sale of investments B. depreciation expense C. increase in notes receivable D. decrease in notes payableWhich of these transactions would be part of the financing section? A. inventory purchased for cash B. sales of product, for cash C. cash paid for purchase of equipment D. dividend payments to shareholders, paid in cashWhich is the proper order of the sections of the statement of cash flows? A. financing, investing, operating B. operating, investing, financing C. investing, operating, financing D. operating, financing, investing
- Note payments reduce cash and are related to long-term debt. Do these facts automatically lead to their inclusion as elements of the financing section of the statement of cash flows? Explain.Which of the following is included in the cash flows from financing activities section of the statement of cash flows? O A. Interest received from borrowers.O B. Purchase of stock in another company.O C. Purchase of treasury stock.O D. Interest paid to lenders.Interest payments to creditors are reported in a statement of cash flows as Select one: a. An operating activity b. An investing activity c. A borrowing activity d. A financing activity
- 14. Which of the following would be classified as a financing activity on a statement of cash flows? Sale of a loan receivable Payment of interest to a creditor Payment of a bond payable Declaration and distribution of a stock dividendWhich of the following statements accurately describes the statement of cash flows? A. It indicates when long-term debt will mature. B. It shows the relative proportion of debt and assets. C. It is the link between net income and earnings per share. D. It is the link between the accrual-based income statement and the cash reported on the balance sheet.Which section of the statement of cash flows shows cash inflows and outflows from the issue and repayment of loans? A. Fiancing B. Operating C. Investing D. None of the Above
- Which of the following transaction is considered an investing activity when preparing a Cash flow Statement? A. Issuing ordinary shares B. Payment to creditors C. Purchase of non-current assets D.Redemption of ordinary shares.Which of the following items would not appear in thefinancing section of the statement of cash flows?a. The issuance of the company’s own stock.b. The repayment of debt.c. The payment of dividends.d. All of the above would appear in the financing sectionof the statement of cash flows.On the statement of cash flows, which of the following items will affect both financing activities and operating activities? O a. Collection of loans to other entities. O b. Payment of dividends. O c. Redemption of debt. O d. Issuance of equity securities.