7. Examine each of the following transactions ( 1 ) through ( 5 ). Determine where each should be reported on a statement of cash flows. The possible locations are identified by items A through E. (1) Common stock of another company was accepted in exchange for a copyright. (2) Received cash dividends from available for sale equity securities. (3) Received principal payment on loan previously made to subsidiary company. (4) Used excess cash to purchase treasury stock. (5) Received cash settlement on a lawsuit. (A) Operating Activities (B ) Investing Activities (C) Financing Activities (D) Schedule of Noncash Financing and/or Investing Activities (E ) Not Reported on the Statement of Cash Flows

7. Examine each of the following transactions ( 1 ) through ( 5 ). Determine where each should be reported on a statement of cash flows. The possible locations are identified by items A through E. (1) Common stock of another company was accepted in exchange for a copyright. (2) Received cash dividends from available for sale equity securities. (3) Received principal payment on loan previously made to subsidiary company. (4) Used excess cash to purchase treasury stock. (5) Received cash settlement on a lawsuit. (A) Operating Activities (B ) Investing Activities (C) Financing Activities (D) Schedule of Noncash Financing and/or Investing Activities (E ) Not Reported on the Statement of Cash Flows

Name: 7. Examine each of the following transactions ( 1 ) through ( 5 ). De
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Description: 7. Examine each of the following transactions ( 1 ) through ( 5 ). Determine whereeach should be reported on a statement of cash flows. The possible locations areidentified by items A through E.(1) Common stock of another company was accepted in exc

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 6 Which of the fotowing is considered a fnancing activity when preparing the statement of cash flows? A) cash payment for the purchase of equpment BỊ cash payment for extonding credit to others C) caah recelpt from the sale of common stock D) payment of interest on a bond issue
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Below is a list of independent transactions. For each transaction, identify which section of the statement of cash flows it is to be reported and indicate if it is a cash in-flow (a positive number) or cash out-flow (negative number). (Hint: recall the use of the accounting equation A=L+E to help determine if an amount is a positive or negative number.) Description Section Amount Issue of bonds payable of $500 cash Sale of land and building of $60,000 cash Retirement of bonds payable of $20,000 cash Current portion of long-term debt changed from $56,000 to $50,000 Repurchase of company's own shares of $120,000 cash Issuance of common shares of $80,000 cash Payment of cash dividend of $25,000 recorded to retained earnings Purchase of land of $60,000 cash and a $100,000 note Cash dividends received from a trading investment of $5,000 Interest income received in cash from an investment of…
223. Subject : - Accounting
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