Effect of Transactions on Cash FlowsState the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cashflowsa. Retired $180,000 of bonds, on which there was $1,800 of unamortized discount, for $187,000.b. Sold 7,000 shares of $25 par common stock for $57 per share.c. Sold equipment with a book value of $52,900 for $76,200d. Purchased land for $420,000 cash.e. Purchased a building by paying $90,000 cash and issuing a $90,000 mortgage note payable.f. Sold a new issue of $210,000 of bonds at 99g. Purchased 6,00o0 shares of $35 par common stock as treasury stock at $64 per share.h. Paid dividends of $1.50 per share. There were 33,000 shares issued and 5,000 shares of treasury stock.EffectAmountа.b.с.d.е.f.g.h.

Statement of cash flows:This statement reports all the cash transactions which are responsible for…

Answered: Effect of Transactions on Cash Flows…

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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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: Retired $320,000 of bonds, on which there was $3,200 of unamortized discount, for $333,000. Sold 7,000 shares of $20 par common stock for $31 per share. Sold equipment with a book value of $49,800 for $71,700. Purchased land for $300,000 cash. Purchased a building by paying $50,000 cash and issuing a $90,000 mortgage note payable. Sold a new issue of $250,000 of bonds at 97. Purchased 6,400 shares of $25 par common stock as treasury stock at $47 per share. Paid dividends of $2.50 per share. There were 32,000 shares issued and 5,000 shares of treasury stock. Effect Amount a. $ b. $ c. $ d. $ e. $ f. $ g. $ h. $
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 $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 $25 per share. c. Sold equipment with a book value of $61,500 for $88,600. d. Purchased land for $462,000 cash. e. Purchased a building by paying $45,000 cash and issuing a $100,000 mortgage note payable. f. Sold a new issue of $170,000 of bonds at 98. g. Purchased 3,600 shares of $35 par common stock as treasury stock at $68 per share. h. Paid dividends of $1.80 per share. There were 27,000 shares issued and 4,000 shares of treasury stock. a. b. C. d. e. f. g. h. Effect ▼ $ $ $ $ $ $ Amount
Net income was $479,000. Issued common stock for $75,000 cash. Paid cash dividend of $14,000. Paid $100,000 cash to settle a note payable at its $100,000 maturity value. Paid $123,000 cash to acquire its treasury stock. Purchased equipment for $88,000 cash. Use the above information to determine cash flows from financing activities
company purchases stock for $40,000 cash. This transaction should be shown on the statement of cash flows under Select one: a. Investing activities b. Noncash investing and financing activities c. Financing activities d. Operating activities
Indicate the effect, if any, that each separate transaction has on financing cash flows. Note: Select "No Effect" if there is no effect. a. Long-term notes payable with a carrying value of $17,600 are retired for $19,900 cash, resulting in a $2,300 loss. b. Paid cash dividends of $13,600 to common stockholders. c. Acquired $22,600 worth of machinery in exchange for common stock. Items a. Long-term notes payable b. Dividends c. Machinery Amount $ $ $ Effect on financing cash flows 19,900 Decrease 13,600 Decrease 22,600 No effect
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 $210,000 of bonds, on which there was $2,100 of unamortized discount, for $218,000. b. Sold 7,000 shares of $20 par common stock for $43 per share. c. Sold equipment with a book value of $56,600 for $81,500. d. Purchased land for $391,000 cash. e. Purchased a building by paying $80,000 cash and issuing a $110,000 mortgage note payable. f. Sold a new issue of $180,000 of bonds at 97. g. Purchased 2,400 shares of $20 par common stock as treasury stock at $37 per share. h. Paid dividends of $1.70 per share. There were 20,000 shares issued and 3,000 shares of treasury stock. Effect Amount а. $ b. c. d. $ е. f. $ g. $ h.
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For Exercise 16-2, note (1) the section of the statement the transaction would impact (0,l or F), (2) whether it is an inflow or outflow and (3) the cash amount that would be reported EXERCISE 16-2 Effect of transactions on cash flows State the effect (cash receipt or payment and amount) of each of the following tra actions, considered individually, on cash flows: trans a. Sold 5,000 shares of $30 par common stock for $45 per share. b. Sold equipment with a book value of $42,500 for $41,000. c. Purchased land for $120,000 cash. d. Purchased 5,000 shares of $30 par common stock as treasury stock at $50 per share e. Sold a new issue of $100,000 of bonds at 101. f. Paid dividends of $1.50 per share. There were 30,000 shares issued and 5,00 shares of treasury stock. g. Retired $500,000 of bonds, on which there was $2,500 of unamortized discount for $501,000. h. Purchased a building by paying $30,000 cash and issuing a $90,000 mortgage noe payable. Objective 1 /b. Cash receipt, $41,000
subject :- Accounting
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 $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000. b. Sold 7,000 shares of $15 par common stock for $30 per share. c. Sold equipment with a book value of $51,800 for $74,600. d. Purchased land for $362,000 cash. e. Purchased a building by paying $75,000 cash and issuing a $120,000 mortgage note payable. f. Sold a new issue of $150,000 of bonds at 98. g. Purchased 4,400 shares of $15 par common stock as treasury stock at $28 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. b. C. d. e. f. g. h.
Indicate the effect, if any, that each separate transaction has on financing cash flows. Note: Select "No Effect" if there is no effect. a. Long-term notes payable with a carrying value of $19,000 are retired for $22,000 cash, resulting in a $3,000 loss. b. Paid cash dividends of $15,000 to common stockholders. c. Acquired $24,000 worth of machinery in exchange for common stock. Items a. Long-term notes payable b. Dividends c. Machinery Amount Effect on financing cash flows

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