Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
6th Edition
ISBN: 9780134486840
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 14, Problem 14.16E
Classifying cash flow items
Consider the following transactions:
a. Purchased equipment for $130,000 cash.
b. Issued $14 par
c. Cash received from sales to customers of $35,000.
d. Cash paid co vendors, $17,000.
e. Sold building for $19,000 gain for cash.
f. Purchased
g. Retired a notes payable with 1,250 shares of the company's common stock.
Identify the category of the statement 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 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 cash payment and amount) of each of the following
transactions, considered individually, on cash flows:
a. Retired $260,000 of bonds, on which there was $2,600 of unamortized discount, for
$270,000.
b. Sold 12,000 shares of $10 par common stock for $19 per share.
c. Sold equipment with a book value of $67,800 for $97,600.
d. Purchased land for $514,000 cash.
e. Purchased a building by paying $54,000 cash and issuing a $120,000 mortgage note payable.
f. Sold a new issue of $200,000 of bonds at 97.
g. Purchased 3,800 shares of $20 par common stock as treasury stock at $38 per share.
h. Paid dividends of $2.20 per share. There were 27,0 shares issued and 4,000 shares of
treasury stock.
a.
b.
C.
d.
e.
f.
9.
h.
Effect
Cash payment
Cash receipt
Cash receipt
Cash payment
Cash payment
Cash receipt
Cash payment
Cash payment
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Amount
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Identify the cash flow in each transaction. Is cash being…
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.
Chapter 14 Solutions
Horngren's Financial & Managerial Accounting, The Financial Chapters (6th Edition)
Ch. 14 - The purposes of the statement of cash flows are to...Ch. 14 - The main categories of cash flow activities are a....Ch. 14 - Operating activities are most closely related to...Ch. 14 - Which item does not appear on a statement of cash...Ch. 14 - Leather Shop earned net income of 57,000 after...Ch. 14 - The Plant Assets account and Accumulated...Ch. 14 - Mountain Water Corp. issued common stock of 28,000...Ch. 14 - Prob. 8QCCh. 14 - Prob. 9QCCh. 14 - If accrued liabilities increased during the year,...
Ch. 14 - Prob. 1RQCh. 14 - How does the statement of cash flows help users of...Ch. 14 - Describe the three basic types of cash flow...Ch. 14 - What types of transactions are reported in the...Ch. 14 - Prob. 5RQCh. 14 - Prob. 6RQCh. 14 - Explain why depreciation expense, depletion...Ch. 14 - Prob. 8RQCh. 14 - If current assets other than cash increase, what...Ch. 14 - If current liabilities increase, what is the...Ch. 14 - Prob. 11RQCh. 14 - Prob. 12RQCh. 14 - Prob. 13RQCh. 14 - Prob. 14RQCh. 14 - Prob. 15RQCh. 14 - Prob. 16RQCh. 14 - Describing the purposes of the statement of cash...Ch. 14 - Prob. 14.2SECh. 14 - Classifying items on the indirect statement of...Ch. 14 - S14-4 Computing cash flows from operating...Ch. 14 - Prob. 14.5SECh. 14 - Prob. 14.6SECh. 14 - Prob. 14.7SECh. 14 - Prob. 14.8SECh. 14 - Prob. 14.9SECh. 14 - Prob. 14.10SECh. 14 - Prob. 14.11SECh. 14 - Prob. 14.12SECh. 14 - Prob. 14.13SECh. 14 - Prob. 14.14SECh. 14 - Prob. 14.15SECh. 14 - Classifying cash flow items Consider the following...Ch. 14 - Prob. 14.17ECh. 14 - Prob. 14.18ECh. 14 - Prob. 14.19ECh. 14 - Prob. 14.20ECh. 14 - E14-21 Preparing the statement of cash...Ch. 14 - Prob. 14.22ECh. 14 - Prob. 14.23ECh. 14 - Prob. 14.24ECh. 14 - Prob. 14.25ECh. 14 - Prob. 14.26ECh. 14 - Prob. 14.27ECh. 14 - Prob. 14.28ECh. 14 - Prob. 14.29ECh. 14 - E14A-30 Computing cash flow items—direct...Ch. 14 - Prob. 14.31ECh. 14 - Prob. 14.32APCh. 14 - Prob. 14.33APCh. 14 - Prob. 14.34APCh. 14 - Prob. 14.35APCh. 14 - Prob. 14.36APCh. 14 - P14-34A Preparing the statement of cash...Ch. 14 - P14-34A Preparing the statement of cash...Ch. 14 - Prob. 14.39BPCh. 14 - Prob. 14.40BPCh. 14 - Prob. 14.41BPCh. 14 - Prob. 14.42BPCh. 14 - Prob. 14.43BPCh. 14 - Prob. 14.44BPCh. 14 - Prob. 14.45BPCh. 14 - Prob. 47CPCh. 14 - Prob. 14.1TICh. 14 - Prob. 14.1DCCh. 14 - Moss Exports is having a bad year. Net income is...Ch. 14 - Prob. 14.1FSC
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