I want answer of general finance Determine the effect (cash receipt or cash payment,and the amount) of the following transaction on cashflows: Purchased 6,300 shares of $40 par commonstock as treasury stock at $74 per share.

Explanation of Treasury Stock:Treasury stock refers to shares that a company has repurchased from…

Answered: Determine the effect (cash receipt or…

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter13: Statement Of Cash Flows

Section: Chapter Questions

Problem 6BE: Common stock transactions on the statement of cash flows Jones Industries received 600,000 from...

See similar textbooks

Similar questions

Determine the effect (cash receipt or cash payment, and the amount) of the following transaction on cash flows: Purchased 6,300 shares of $40 par common stock as treasury stock at $74 per share.
Solve
Ace Co. issued 1,000 shares of its $10 par value common stock for $15 per share in cash. How should this transaction be reported in Ace's statement of cash flows for the year of issuance? A. $15,000 cash inflow from financing activities. B. $10,000 cash inflow from financing activities and $5,000 adjustment to arrive at cash flows from operating activities. C. $15,000 cash flow from investing activities. D. $10,000 cash flow from investing activities and $5,000 adjustment to arrive at cash flows from operating activities
If 800 shares of $40 par common stock are sold for $43,000, the $43,000 would be reported in the Cash flows from financing activities section of the statement of cash flows.a. Trueb. False
Classify the following transaction by type of cash flow activity: Issued 100,000 shares of $5 par value common stock for $800,000 cash. Seleccione una: a. Operating activity b. Noncash transaction c. Investing activity d. Financing activity
Melanie Corporation declared cash dividends of $12,600 during the current year. The beginning and ending balances in dividends payable were $360 and $600, respectively. What was the amount of cash paid for dividends? Multiple Choice $12.000. $12,840. $11,640. $12,360. To
On February 13, Solar Company declared a cash dividend of $45,000 to be paid on April 30 to stockholders. The record date will be on March 14. The journal entry on February 13 would be: Question 10Select one: a. debit to Stock Dividend for $45,000; credit to Stock Dividend Distributable for $45,000 b. debit to Cash Dividend Payable for $45,000; credit Cash for $45,000 c. No journal entry d. debit to Cash Dividend for $45,000; credit to Cash Dividend Payable for $45,000 e. debit to Stock Dividend Distributable for $45,000; credit to Common Stock for $45,000
Time left 0:54:5. In preparing a statement of cash flows, sale of treasury shares at an amount greater than cost would be classified as a /an O a. investing activity, O b. operating activity. O c. extraordinary activity. O d. financing activity. Next page page (30%) APPLIED
Sneed Corporation issues 13,300 shares of $46 par preferred stock for cash at $61 per share. The entry to record the transaction will consist of a debit to Cash for $811,300 and a credit or credits to
Prepare the journal entry to record Autumn Company's issuance of 63,000 shares of no-par value common stock assuming the shares: a. Sell for $29 cash per share. b. Are exchanged for land valued at $1,827,000. View transaction list Journal entry worksheet 1 > Record the issuance of 63,000 shares of no-par value common stock assuming the shares sell for $29 cash per share. Note: Enter debits before credits. Transaction General Journal Debit Credit a.
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $290,000 of bonds, on which there was $2,900 of unamortized discount, for $302,000. b. Sold 12,000 shares of $25 par common stock for $57 per share. c. Sold equipment with a book value of $49,400 for $71,100. d. Purchased land for $327,000 cash. e. Purchased a building by paying $49,000 cash and issuing a $90,000 mortgage note payable. f. Sold a new issue of $260,000 of bonds at 98. g. Purchased 4,500 shares of $40 par common stock as treasury stock at $73 per share. h. Paid dividends of $1.90 per share. There were 20,000 shares issued and 3,000 shares of treasury stock. Effect Amount а. b. Cash payment C. $4 Cash receipt d. е. f. $ g. 2$ h. $4
Prepare the journal entry to record Autumn Company's issuance of 63,000 shares of no-par value common stock assuming the shares: a. Sell for $29 cash per share. b. Are exchanged for land valued at $1,827,000. View transaction list Journal entry worksheet < 1 2 Record the issuance of 63,000 shares of no-par value common stock assuming the shares sell for $29 cash per share. Note: Enter debits before credits. Transaction a. Record entry General Journal Clear entry Debit Credit View general journal

SEE MORE QUESTIONS

Recommended textbooks for you

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Financial And Managerial Accounting

Accounting

ISBN:

9781337902663

Author:

WARREN, Carl S.

Publisher:

Cengage Learning,

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

SEE MORE TEXTBOOKS

Determine the effect (cash receipt or cash payment, and the amount) of the following transaction on cash flows: Purchased 6,300 shares of $40 par common stock as treasury stock at $74 per share.