Corporate Financial Accounting
14th Edition
ISBN: 9781305653535
Author: Carl Warren, James M. Reeve, Jonathan Duchac
Publisher: Cengage Learning
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Chapter 13, Problem 13.2EX
Effect of transactions on
State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
- A. Retired $400,000 of bonds, on which there was $3,000 of unamortized discount, for $411,000.
- B. Sold 20,000 shares of $5 par common stock for $22 per share.
- C. Sold equipment with a book value of $55,800 for $60,000.
- D. Purchased land for $650,000 cash.
- E. Purchased a building by paying $50,000 cash and issuing a $450,000 mortgage note payable.
- F. Sold a new issue of $500,000 of bonds at 98.
- G. Purchased 10,000 shares of $10 par common stock as
treasury stock at $33.25 per share. - H. Paid dividends of $1.50 per share. There were 1,000,000 shares issued and 120,000 shares of treasury stock.
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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.
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 12,000 shares of $15 par common stock for $23 per share.
c. Sold equipment with a book value of $47,400 for $68,300.
d. Purchased land for $436,000 cash.
e. Purchased a building by paying $58,000 cash and issuing a $110,000 mortgage note payable.
f. Sold a new issue of $240,000 of bonds at 97.
g. Purchased 3,300 shares of $25 par common stock as treasury stock at $48 per share.
h. Paid dividends of $2.50 per share. There were 28,000 shares issued and 4,000 shares of treasury stock.
a.
b.
C.
d.
e.
f.
Effect
Cash payment
Cash receipt
Cash receipt
Cash payment
✓
Cash payment - ✓
Cash receipt
✔
✓
✓
g. Cash payment -✔
h. Cash payment
Amount
229,000 ✓
161,000 X
100000
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 $310,000 of bonds, on which there was $3,100 of unamortized discount, for $322,000.
b. Sold 7,000 shares of $30 par common stock for $59 per share.
c. Sold equipment with a book value of $48,700 for $70,100.
d. Purchased land for $406,000 cash.
e. Purchased a building by paying $51,000 cash and issuing a $110,000 mortgage note payable.
f. Sold a new issue of $180,000 of bonds at 99.
g. Purchased 2,900 shares of $25 par common stock as treasury stock at $46 per share.
h. Paid dividends of $2.00 per share. There were 25,000 shares issued and 4,000 shares of treasury stock.
a.
b.
C.
d.
e.
f.
9.
h.
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Amount
Chapter 13 Solutions
Corporate Financial Accounting
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 - Prob. 13.5BECh. 13 - Common stock transactions on the statement of cash...Ch. 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 State the...Ch. 13 - Classifying cash flows Identify the type of cash...Ch. 13 - Prob. 13.4EXCh. 13 - Cash flows from operating activities indirect...Ch. 13 - Prob. 13.6EXCh. 13 - Cash flows from operating activitiesindirect...Ch. 13 - Prob. 13.8EXCh. 13 - Prob. 13.9EXCh. 13 - Prob. 13.10EXCh. 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. 13.1ADMCh. 13 - Prob. 13.2ADMCh. 13 - Prob. 13.3ADMCh. 13 - Priceline: Free cash flow Priceline Group, Inc. is...Ch. 13 - Ethics in Action Head Donuts Inc. is a retailer of...Ch. 13 - Prob. 13.3TIF
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