CORPORATE FINANCIAL ACCOUNTING 15TH ED
15th Edition
ISBN: 9781337894272
Author: Carl S. Warren
Publisher: CENGAGE L
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Chapter 13, Problem 13.13EX
Reporting land acquisition for cash and mortgage note on statement of
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:
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I want to correct answer general accounting question
Here are comparative balance sheets for Concord Company.
CONCORD COMPANY
Comparative Balance Sheets
December 31
Assets
2022
2021
Cash
$81,760
$24,640
Accounts receivable
97,440
85,120
Inventories
190,400
213,920
Land
80,640
112,000
Equipment
291,200
224,000
Accumulated depreciation
(73,920)
(35,840)
Total
$667,520
$623,840
Liabilities and Stockholders' Equity
Accounts payable
$41,440
$52,640
Bonds payable
168,000
235,200
Common stock ($1 par)
241,920
194,880
Retained earnings
216,160
141,120
Total
$667,520
$623,840
Additional information:
1.
Net income for 2022 was $112,000.
2.
Cash dividends of $36,960 were declared and paid.
3.
Bonds payable amounting to $67,200 were redeemed for cash $67,200.
4.
Common stock was issued for $47,040 cash.
5.
Equipment that cost $56,000 and had a book value of $33,600 was sold for $40,320 during 2022; land was sold at cost.
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Chapter 13 Solutions
CORPORATE FINANCIAL ACCOUNTING 15TH ED
Ch. 13 - What is the principal disadvantage of the direct...Ch. 13 - What are the major advantages of the indirect...Ch. 13 - A corporation issued 2,000,000 of common stock in...Ch. 13 - A retail business, using the accrual method of...Ch. 13 - If salaries payable was 100,000 at the beginning...Ch. 13 - Prob. 6DQCh. 13 - A corporation issued 2,000,000 of 20-year bonds...Ch. 13 - Fully depreciated equipment costing 50,000 was...Ch. 13 - Prob. 9DQCh. 13 - Name five common major classes of operating cash...
Ch. 13 - Classifying cash flows Identify whether each of...Ch. 13 - Adjustments to net incomeindirect method Ripley...Ch. 13 - Prob. 13.3BECh. 13 - Prob. 13.4BECh. 13 - Land transactions on the statement of cash flows...Ch. 13 - Common stock transactions on the statement of cash...Ch. 13 - Prob. 13.7BECh. 13 - Appendix 2 Cash received from customersdirect...Ch. 13 - Reporting changes in equipment on statement of...Ch. 13 - Prob. 13.1EXCh. 13 - Effect of transactions on cash flows Slate the...Ch. 13 - Classifying cash flows Identify the type of cash...Ch. 13 - Prob. 13.4EXCh. 13 - Cash flows from operating activitiesindirect...Ch. 13 - Cash flows from operating activitiesindirect...Ch. 13 - Cash flows from operating activitiesindirect...Ch. 13 - Reporting changes in equipment on statement of...Ch. 13 - Prob. 13.9EXCh. 13 - Reporting land transactions on statement of cash...Ch. 13 - Determining cash payments to stockholders The...Ch. 13 - Prob. 13.12EXCh. 13 - Reporting land acquisition for cash and mortgage...Ch. 13 - Reporting issuance and retirement of long-term...Ch. 13 - Prob. 13.15EXCh. 13 - Prob. 13.16EXCh. 13 - Statement of cash flowsindirect method The...Ch. 13 - Statement of cash flowsindirect method List the...Ch. 13 - Prob. 13.19EXCh. 13 - Prob. 13.20EXCh. 13 - Prob. 13.21EXCh. 13 - Prob. 13.22EXCh. 13 - Statement of cash flowsindirect method The...Ch. 13 - Prob. 13.2APRCh. 13 - Prob. 13.3APRCh. 13 - Prob. 13.4APRCh. 13 - Statement of cash flows direct method applied to...Ch. 13 - Prob. 13.1BPRCh. 13 - Prob. 13.2BPRCh. 13 - Prob. 13.3BPRCh. 13 - Prob. 13.4BPRCh. 13 - Statement of cash flowsdirect method applied to PR...Ch. 13 - Prob. 13.1MADCh. 13 - Prob. 13.2MADCh. 13 - Analyze Aeropostale Aeropostale, Inc. (AROPQ) is a...Ch. 13 - Prob. 13.4MADCh. 13 - Prob. 13.5MADCh. 13 - Ethics in Action Head Donuts Inc. is a retailer of...Ch. 13 - Prob. 13.3TIFCh. 13 - Prob. 13.4TIF
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