The following transactions and events occurred by Smiley Enterprise during year 2019. Assuming that the company uses indirect method to report cash provided by operating activities. 1. Accepted six-month note receivable in exchange for property, plant and equipment. 2. Accounts receivable decreased in the year. 3. Paid cash to settle long-term note payable. 4. Declared and paid a cash dividend. 5. Paid cash to purchase a new office computer. 6. Recorded depreciation expense. 7. Purchase land by issuing ordinary shares. 8. Prepaid expenses increased in the year. 9. Exchange the bond payable into common shares. 10. Sold equipment for cash, yielding a loss. 11. Accounts payable decreased in the year. 12. Sold long-term investments for cash. 13. Issued ordinary shares for cash.

The following transactions and events occurred by Smiley Enterprise during year 2019. Assuming that the company uses indirect method to report cash provided by operating activities. 1. Accepted six-month note receivable in exchange for property, plant and equipment. 2. Accounts receivable decreased in the year. 3. Paid cash to settle long-term note payable. 4. Declared and paid a cash dividend. 5. Paid cash to purchase a new office computer. 6. Recorded depreciation expense. 7. Purchase land by issuing ordinary shares. 8. Prepaid expenses increased in the year. 9. Exchange the bond payable into common shares. 10. Sold equipment for cash, yielding a loss. 11. Accounts payable decreased in the year. 12. Sold long-term investments for cash. 13. Issued ordinary shares for cash.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

hi. i need the answer for this question. clasified each of the transaction as either operating activity, investing, financing activity or non cash investing and financing activity

The following transạctions and events occurred by Smiley Enterprise during year 2019.
Assuming that the company uses indirect method to report cash provided by operating
activities.
1. Accepted six-month note receivable in exchange for property, plant and equipment.
2. Accounts receivable decreased in the year.
3. Paid cash to settle long-term note payable.
4. Declared and paid a cash dividend.
5. Paid cash to purchase a new office computer.
6. Recorded depreciation expense.
7. Purchase land by issuing ordinary shares.
8. Prepaid expenses increased in the year.
9. Exchange the bond payable into common shares.
10. Sold equipment for cash, yielding a loss.
11. Accounts payable decreased in the year.
12. Sold long-term investments for cash.
13. Issued ordinary shares for cash.

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