Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $210,000 of bonds, on which there was $2,100 of unamortized discount, for $218,000. b. Sold 7,000 shares of $10 par common stock for $17 per share. c. Sold equipment with a book value of $45,900 for $66,100. d. Purchased land for $501,000 cash. e. Purchased a building by paying $46,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $140,000 of bonds at 99. g. Purchased 5,600 shares of $30 par common stock as treasury stock at $60 per share. h. Paid dividends of $1.60 per share. There were 34,000 shares issued and 5,000 shares of treasury stock. Effect Amount a. $fill in the blank 2 b. $fill in the blank 4 c. $fill in the blank 6 d. $fill in the blank 8 e. $fill in the blank 10 f. $fill in the blank 12 g. $fill in the blank 14 h. $fill in the blank 16
Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $210,000 of bonds, on which there was $2,100 of unamortized discount, for $218,000. b. Sold 7,000 shares of $10 par common stock for $17 per share. c. Sold equipment with a book value of $45,900 for $66,100. d. Purchased land for $501,000 cash. e. Purchased a building by paying $46,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $140,000 of bonds at 99. g. Purchased 5,600 shares of $30 par common stock as treasury stock at $60 per share. h. Paid dividends of $1.60 per share. There were 34,000 shares issued and 5,000 shares of treasury stock. Effect Amount a. $fill in the blank 2 b. $fill in the blank 4 c. $fill in the blank 6 d. $fill in the blank 8 e. $fill in the blank 10 f. $fill in the blank 12 g. $fill in the blank 14 h. $fill in the blank 16
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Effect of Transactions on
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
a. Retired $210,000 of bonds, on which there was $2,100 of unamortized discount, for $218,000.
b. Sold 7,000 shares of $10 par common stock for $17 per share.
c. Sold equipment with a book value of $45,900 for $66,100.
d. Purchased land for $501,000 cash.
e. Purchased a building by paying $46,000 cash and issuing a $120,000 mortgage note payable.
f. Sold a new issue of $140,000 of bonds at 99.
g. Purchased 5,600 shares of $30 par common stock as
h. Paid dividends of $1.60 per share. There were 34,000 shares issued and 5,000 shares of treasury stock.
| Effect | Amount | |
| a. |
|
$fill in the blank 2 |
| b. |
|
$fill in the blank 4 |
| c. |
|
$fill in the blank 6 |
| d. |
|
$fill in the blank 8 |
| e. |
|
$fill in the blank 10 |
| f. |
|
$fill in the blank 12 |
| g. |
|
$fill in the blank 14 |
| h. |
|
$fill in the blank 16 |
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