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.
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.
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 2E: Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of...
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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:
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fafc75c11-f74c-4700-aac3-dcc346278078%2Fc9bdf188-b02d-4d58-8820-1750be25e9ee%2F4qq1g0d_processed.png&w=3840&q=75)
Transcribed Image Text: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.
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