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Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000. b. Sold 12,000 shares of $10 par common stock for $24 per share. c. Sold equipment with a book value of $49,900 for $71,900. d. Purchased land for $387,000 cash. e. Purchased a building by paying $45,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $320,000 of bonds at 97. g. Purchased 4,700 shares of $30 par common stock as treasury stock at $58 per share. h. Paid dividends of $2.40 per share. There were 31,000 shares issued and 5,000 shares of treasury stock. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment a. b. C. d. (D Amount

Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000. b. Sold 12,000 shares of $10 par common stock for $24 per share. c. Sold equipment with a book value of $49,900 for $71,900. d. Purchased land for $387,000 cash. e. Purchased a building by paying $45,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $320,000 of bonds at 97. g. Purchased 4,700 shares of $30 par common stock as treasury stock at $58 per share. h. Paid dividends of $2.40 per share. There were 31,000 shares issued and 5,000 shares of treasury stock. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment a. b. C. d. (D Amount

FINANCIAL ACCOUNTING
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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Chap 13 Q. 1
World History: Cul... P Sp23 Math 1080-... eBook Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000. b. Sold 12,000 shares of $10 par common stock for $24 per share. c. Sold equipment with a book value of $49,900 for $71,900. d. Purchased land for $387,000 cash. e. Purchased a building by paying $45,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $320,000 of bonds at 97. g. Purchased 4,700 shares of $30 par common stock as treasury stock at $58 per share. h. Paid dividends of $2.40 per share. There were 31,000 shares issued and 5,000 shares of treasury stock. 4 a. b. C. d. e. f. 9. h. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment Cash receipt Cash payment Cash payment Feedback ✔ V ✓ EV ✓ $ $ $ Course Home $ $ $ $ Amount Check My Work Identify the cash flow in each transaction. Is cash being received or paid? dise
Transcribed Image Text:World History: Cul... P Sp23 Math 1080-... eBook Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000. b. Sold 12,000 shares of $10 par common stock for $24 per share. c. Sold equipment with a book value of $49,900 for $71,900. d. Purchased land for $387,000 cash. e. Purchased a building by paying $45,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $320,000 of bonds at 97. g. Purchased 4,700 shares of $30 par common stock as treasury stock at $58 per share. h. Paid dividends of $2.40 per share. There were 31,000 shares issued and 5,000 shares of treasury stock. 4 a. b. C. d. e. f. 9. h. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment Cash receipt Cash payment Cash payment Feedback ✔ V ✓ EV ✓ $ $ $ Course Home $ $ $ $ Amount Check My Work Identify the cash flow in each transaction. Is cash being received or paid? dise
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