Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 16, Problem 5MC
Which of these transactions would be part of the operating section?
A. land purchased, with note payable
B. sales of product, for cash
C. cash paid for purchase of equipment
D. dividend payments to shareholders, paid in cash
Expert Solution & Answer
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Students have asked these similar questions
Which of the following transactions is a financing activity?
Select one:
a.
Cash paid for purchase of equipment
b.
Dividend payments to shareholders, paid in cash
c.
Inventory purchased for cash
d.
Sales of product, for cash
Which of the following cash flows results from an operating activity?
a.
Paying dividends to stockholders
b.
Repaying note payable
c.
Receiving interest on investment
d.
Purchasing equipment
1. Which financial statement will reflect the balance of accounts receivables?
a. Cash Flow Statement
b. Income Statement
c. Balance Sheet
d. Staternent of Retained Earnings
2. Which of the following is not an asset?
a. Work in Process
b. invertory
c. Accounts Payable
d. Land
3. The statement of cash flows would disclose the withdrawal of cash by the owners?
a. In the Financing Activities Section
b. In the Financing Activities Section
c.In the Operating Activities Section
d.In the Notes to the Financial Statements
Chapter 16 Solutions
Principles of Accounting Volume 1
Ch. 16 - Which of the following statements is false? A....Ch. 16 - Which of these transactions would not be part of...Ch. 16 - Which is the proper order of the sections of the...Ch. 16 - Which of these transactions would be part of the...Ch. 16 - Which of these transactions would be part of the...Ch. 16 - Which of these transactions would be part of the...Ch. 16 - What is the effect on cash when current noncash...Ch. 16 - What is the effect on cash when current...Ch. 16 - What is the effect on cash when current noncash...Ch. 16 - What is the effect on cash when current...
Ch. 16 - Which of the following would trigger a subtraction...Ch. 16 - Which of the following represents a source of cash...Ch. 16 - Which of the following would be included in the...Ch. 16 - If beginning cash equaled $10,000 and ending cash...Ch. 16 - Which of the following is a stronger indicator of...Ch. 16 - What function does the statement of cash flows...Ch. 16 - Is it possible for a company to have significant...Ch. 16 - What categories of activities are reported on the...Ch. 16 - Describe three examples of operating activities,...Ch. 16 - Describe three examples of investing activities,...Ch. 16 - Describe three examples of financing activities,...Ch. 16 - Explain the difference between the two methods...Ch. 16 - Why is depreciation an addition in the operating...Ch. 16 - When preparing the operating section of the...Ch. 16 - If a company reports a gain/(loss) from the sale...Ch. 16 - Note payments reduce cash and are related to...Ch. 16 - Is there any significance that can be attributed...Ch. 16 - Would there ever be activities that relate to...Ch. 16 - What insight does the calculation of free cash...Ch. 16 - Why is using the direct method to prepare the...Ch. 16 - Provide journal entries to record each of the...Ch. 16 - In which section of the statement of cash flows...Ch. 16 - In which section of the statement of cash flows...Ch. 16 - Use the following information from Albuquerque...Ch. 16 - What adjustment(s) should be made to reconcile net...Ch. 16 - Use the following information from Birch Companys...Ch. 16 - Use the following information from Chocolate...Ch. 16 - Use the following information from Denmark...Ch. 16 - Use the following excerpts from Eagle Companys...Ch. 16 - Use the following excerpts from Fruitcake Companys...Ch. 16 - Use the following excerpts from Grenada Companys...Ch. 16 - Provide the missing piece of information for the...Ch. 16 - Provide the missing piece of information for the...Ch. 16 - Use the following excerpts from Kirsten Companys...Ch. 16 - Use the following excerpts from Franklin Companys...Ch. 16 - The following are excerpts from Hamburg Companys...Ch. 16 - Use the following excerpts from Algona Companys...Ch. 16 - Use the following excerpts from Huckleberry...Ch. 16 - Provide journal entries to record each of the...Ch. 16 - In which section of the statement of cash flows...Ch. 16 - In which section of the statement of cash flows...Ch. 16 - Use the following information from Hamlin Companys...Ch. 16 - What adjustment(s) should be made to reconcile net...Ch. 16 - Use the following excerpts from Indigo Companys...Ch. 16 - Use the following information from Jumper Companys...Ch. 16 - Use the following information from Kentucky...Ch. 16 - Use the following excerpts from Leopard Companys...Ch. 16 - Use the following information from Manuscript...Ch. 16 - Use the following excerpts from Nutmeg Companys...Ch. 16 - Provide the missing piece of information for the...Ch. 16 - Provide the missing piece of information for the...Ch. 16 - Use the following excerpts from Indira Companys...Ch. 16 - Use the following excerpts from Bolognese Companys...Ch. 16 - The following shows excerpts from Camole Companys...Ch. 16 - Use the following excerpts from Brownstone...Ch. 16 - Use the following excerpts from Jasper Companys...Ch. 16 - Provide journal entries to record each of the...Ch. 16 - Use the following information from Acorn Companys...Ch. 16 - Use the following information from Berlin Companys...Ch. 16 - Use the following information from Coconut...Ch. 16 - Use the following information from Dubuque...Ch. 16 - Use the following information from Eiffel Companys...Ch. 16 - Analysis of Forest Companys accounts revealed the...Ch. 16 - Use the following excerpts from Zowleski Companys...Ch. 16 - Use the following excerpts from Yardley Companys...Ch. 16 - Use the following excerpts from Wickham Companys...Ch. 16 - Use the following excerpts from Tungsten Companys...Ch. 16 - The following shows excerpts from financial...Ch. 16 - Use the following excerpts from Fromera Companys...Ch. 16 - Use the following excerpts from Victrolia Companys...Ch. 16 - Use the following cash transactions relating to...Ch. 16 - Provide journal entries to record each of the...Ch. 16 - Use the following information from Grenada...Ch. 16 - Use the following information from Honolulu...Ch. 16 - Use the following information from Isthmus...Ch. 16 - Use the following information from Juniper...Ch. 16 - Use the following excerpts from Kayak Companys...Ch. 16 - Analysis of Longmind Companys accounts revealed...Ch. 16 - Use the following excerpts from Stern Companys...Ch. 16 - Use the following excerpts from Unigen Companys...Ch. 16 - Use the following excerpts from Mountain Companys...Ch. 16 - Use the following excerpts from OpenAir Companys...Ch. 16 - The following shows excerpts from financial...Ch. 16 - Use the following excerpts from Swansea Companys...Ch. 16 - Use the following excerpts from Swahilia Companys...Ch. 16 - Use the following cash transactions relating to...Ch. 16 - Use a spreadsheet and the following financial...Ch. 16 - Consider the dilemma you might someday face if you...Ch. 16 - If you had $100,000 available for investing, which...
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- Which of these transactions would be part of the investing section? A. land purchased, with note payable B. sales of product, for cash C. cash paid for purchase of equipment D. dividend payments to shareholders, paid in casharrow_forwardWhich of the following would be classified as a cash outflow from an operating activity? a. Purchase of an investment b. Payment of dividends c. Purchase of equipment d. Payment of goods purchased from suppliersarrow_forwardOn which financial statement would the Accumulated Depreciation account appear? A. Balance Sheet B. Income Statement C. Retained Earnings Statement D. Statement of Cash Flowsarrow_forward
- Which of these transactions would not be part of the cash flows from the operating activities section of the statement of cash flows? A. credit purchase of inventory B. sales of product, for cash C. cash paid for purchase of equipment D. salary payments to employeesarrow_forwardOn which two financial statements would the Retained Earnings account appear? A. Balance Sheet B. Income Statement C. Retained Earnings Statement D. Statement of Cash Flowsarrow_forwardWhich of the following transactions is correctly matched with its location on the statement of cash flows? O Interest paid to lender-financing activities O Loan made to an entity-investing activities O Issue common stock-investing activities O Purchase a factory-operating activitiesarrow_forward
- Identify each expense or revenue as a cash flow from operating activities (O), a cash flow from investment activities (I), or a cash flow from financing activities (F). Administrative expenses Rent payment Interest on a note payable Interest on a note receivable Sale of equipment Dividend payment Stock repurchase Sale of finished goods Labor expense Sale of a bond issue Repayment of a long-term debt Selling expenses Depreciation expense Sale of common stock Purchase of fixed assetsarrow_forwardOn which financial statement would the Supplies account appear? a. Statement of Cash flows b. Income Statement c. Balance Sheet d. Statement of Retained Earningsarrow_forwardWhich financial statement shows that a company’s resources equal claims to those resources? a. Income statement.b. Statement of stockholders’ equity.c. Balance sheet.d. Statement of cash flows.arrow_forward
- Which of the following transactions affects both the income statement and the balance sheet? O Collection of accounts receivable O Loan from bank O Depreciation on equipment O Declaration of cash dividend O Purchase of inventory on accountarrow_forwardAssets and liablities are classified on the balance sheet into correct and long-term categories in order to a. determine the value of the businessb. determine the cash flows of the businessc. yield information about liquidityd. distinguish them from extraordinary itemsarrow_forwardWhich of the following would be classified as an operating activity? Payment of interest. Sale of equipment. Payment of a cash dividend. Making a loan to another entity.arrow_forward
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