Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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Textbook Question
Chapter 21, Problem 9MC
Which of the following need not be disclosed in a schedule accompanying the statement of
- a. acquisition of fixed assets in exchange for capital stock
- b. dividend distributed in capital stock of the company (stock dividend)
- c. retirement of a bond issue through the issuance of another bond issue
- d. conversion of convertible debt to capital stock
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Students have asked these similar questions
In preparing a statement of cash flows, which of the following transactions would be considered an investing activity?
a. Issuance of bonds payable at a discount
b. Sale of an operating segment
c. Issue of share capital
d. Purchase of treasury shares
Which of the following would not be found in a schedule of noncash investing and financing activities, reported at the end of a statement of cash flows?
a.
purchase of treasury stock
b.
bonds payable exchanged for capital stock
c.
equipment acquired in exchange for a note payable
d.
capital stock issued to acquire fixed assets
Cash Flow Effects of Equity and Debt Financing. Identify where the cash flow effect of each of the following transactions is reported in the statement of cash flows: operating, investing, or financing section. State the direction of each change. State None if there is no cash flow effect.
a. Issuance of stock for cash
b. Issuance of stock for land
c. Acquisition of treasury stock
d. Reissuance of treasury stock
e. Declaration of a cash dividend
f. Payment of a cash dividend previously declared
g. Declaration and issuance of a large stock dividend
h. Declaration and issuance of a small stock di
i. Granting of stock options
j. Exercise of stock options
k. Granting of RSU
l. Issuance of long-term notes payable
m. Issuance of convertible bonds
n. Conversion of convertible bonds to common stock
o. Payment of interest on bonds
p. Retirement of bonds at book value
q. Retirement of bonds at a gain
r. Retirement of bonds at a loss
Chapter 21 Solutions
Intermediate Accounting: Reporting And Analysis
Ch. 21 - What information does the statement of cash flows...Ch. 21 - Briefly describe the three types of activities a...Ch. 21 - Thompson Company sold a piece of equipment that...Ch. 21 - Give two examples of a companys (a) cash inflows...Ch. 21 - Prob. 5GICh. 21 - Prob. 6GICh. 21 - Prob. 7GICh. 21 - Prob. 8GICh. 21 - Prob. 9GICh. 21 - List the three operating cash inflows that a...
Ch. 21 - Prob. 11GICh. 21 - Prob. 12GICh. 21 - Prob. 13GICh. 21 - Dunn Company recognized a 5,000 unrealized holding...Ch. 21 - Jordan Company recognized a 5,000 unrealized...Ch. 21 - Indicate how a company computes the amount of...Ch. 21 - Prob. 17GICh. 21 - Prob. 18GICh. 21 - Prob. 19GICh. 21 - Which of the following would be considered a cash...Ch. 21 - In a statement of cash flows (indirect method),...Ch. 21 - The net cash provided by operating activities in...Ch. 21 - The retirement of long-term debt by the issuance...Ch. 21 - Prob. 5MCCh. 21 - Selected information from Brook Corporations...Ch. 21 - Prob. 7MCCh. 21 - Prob. 8MCCh. 21 - Which of the following need not be disclosed in a...Ch. 21 - The following information was taken from Oregon...Ch. 21 - Prob. 1RECh. 21 - Prob. 2RECh. 21 - Given the following information, convert Cardinal...Ch. 21 - Given the following information, convert Robin...Ch. 21 - In the current year, Harrisburg Corporation had...Ch. 21 - Tifton Co. had the following cash transactions...Ch. 21 - Tifton Co. had the following cash transactions...Ch. 21 - Trenton Corporation has the following items....Ch. 21 - Prob. 9RECh. 21 - In the current year, Harrisburg Corporation...Ch. 21 - Providence Company sold equipment for 25,000 cash....Ch. 21 - Annapolis Corporation paid 270,000 to retire bonds...Ch. 21 - Given the following information, compute Lemon...Ch. 21 - Prob. 14RECh. 21 - Prob. 1ECh. 21 - Prob. 2ECh. 21 - Visual Inspection Noble Companys accounting...Ch. 21 - Prob. 4ECh. 21 - Prob. 5ECh. 21 - Prob. 6ECh. 21 - Prob. 7ECh. 21 - Prob. 8ECh. 21 - Partially Completed Spreadsheet Hanks Company has...Ch. 21 - Spreadsheet The following 2019 information is...Ch. 21 - Spreadsheet and Statement The following 2019...Ch. 21 - Fixed Asset Transactions The following is an...Ch. 21 - Retirement of Debt Moore Company is preparing its...Ch. 21 - Interest and Income Taxes Staggs Company has...Ch. 21 - Investments On October 4, 2019, Collins Company...Ch. 21 - Statement of Cash Flows The following is a list of...Ch. 21 - Investing Activities and Depreciable Assets...Ch. 21 - Spreadsheet and Statement The following 2019...Ch. 21 - (Appendix 21.1) Operating Cash Flows The following...Ch. 21 - (Appendix 21.1) Statement of Cash Flows The...Ch. 21 - (Appendix 21.1) Visual Inspection The following...Ch. 21 - Prob. 22ECh. 21 - Classification of Cash Flows A company's statement...Ch. 21 - Prob. 2PCh. 21 - Statement of Cash Flows The following is a list of...Ch. 21 - Statement of Cash Flows The following is a list of...Ch. 21 - Partially Completed Spreadsheet The following...Ch. 21 - Spreadsheet and Statement of Cash Flows The...Ch. 21 - Prob. 7PCh. 21 - Spreadsheet from Trial Balance Heinz Companys post...Ch. 21 - Prepare Ending Balance Sheet On December 31, 2019,...Ch. 21 - Infrequent Transactions The following transactions...Ch. 21 - Prob. 11PCh. 21 - Comprehensive Angel Company has prepared its...Ch. 21 - Comprehensive The following are Farrell...Ch. 21 - (Appendix 21.1) Operating Cash Flows Refer to the...Ch. 21 - (Appendix 21.1) Statement of Cash Flows The...Ch. 21 - Comprehensive The following are Farrell...Ch. 21 - (Appendix 21.1) Comprehensive The following are...Ch. 21 - Prob. 18PCh. 21 - Financial Statement Interrelationships Prepare an...Ch. 21 - Statement of Cash Flows A friend of yours is...Ch. 21 - Prob. 3CCh. 21 - Operating, Investing, and Financing Activities The...Ch. 21 - Prob. 5CCh. 21 - Spreadsheet Method The spreadsheet method is...Ch. 21 - Prob. 7CCh. 21 - Inflows and Outflows Alfred Engineering Company is...Ch. 21 - Ethics and Cash Flows You are the accountant for...
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- The retirement of long-term debt by the issuance of common stock should be presented in a statement of cash flows as a:arrow_forwardWhich of the following types of transactions would be reported as a cash flow from investing activity on the statement of cash flows? Group of answer choices issuance of bonds payable issuance of capital stock purchase of treasury stock purchase of noncurrent assetsarrow_forwardWhich of the following transaction is considered an investing activity when preparing a Cash flow Statement? A. Issuing ordinary shares B. Payment to creditors C. Purchase of non-current assets D.Redemption of ordinary shares.arrow_forward
- On the statement of cash flows, the cash flows from investing activities section would include a. payments for retirement of bonds payable b. receipts from the issuance of common stock c. payments for dividends d. receipts from the sale of investmentsarrow_forwardIn preparing a statment of cash flows a conversion of bonds in to ordinary shares be reported inarrow_forwardWhen a company purchases and retires its bonds, which of the following is the correct reporting on the statement of cash flows? a. Gain or loss in operating section, amount of cash paid in investing section. b. Gain or loss in financing section, amount of cash received in operating section. c. Gain or loss in investing section, amount of cash received in operating section. d. Gain or loss in operating section, amount of cash paid in financing section.arrow_forward
- Which is a correct statement below? A. Equity is the residual interest in the liabilities of the entity after deducting all of its assets.B. Subscriptions receivable shall preferably be reflected as a deduction from the related subscribed share capital.C. Share premium is also known as capital stock.D. A deficit is a credit balance in retained earnings.arrow_forwardWhich of the following is NOT correct regarding trading securities * a. Unrealized holding gains or losses are reported in profit or loss b. Share in profit of the investee increases carrying value of the investment c. These are classified as current assets. d. Cash dividends shall be recognized as dividend incomearrow_forwardOn the statement of cash flows, the cash flows from investing activities section would include a.payments for dividends b.payments for the retirement of bonds payable c.receipts from the issuance of common stock d.receipts from the sale of investmentsarrow_forward
- Which of the following statements is true? Select one: a. Dividends paid are classified as a cash outflow from operating activities in the statement of cash flows b. Losses on the sale of long-term assets are an adjustment reported in the operating activities section of the statement of cash flows under the indirect method c. Repayment of long-term debt is classified as a cash outflow from investing activities in the statement of cash flows d. Investment in another company's common stock is classified as a cash outflow from financing activities in the statement of cash flowsarrow_forwardThe issuance of common stock is classified in the statement of cash flows as a(n) a. Operating activity.b. Investing activity.c. Financing activity.d. Noncash activity.arrow_forwardOn the statement of cash flows, the cash flows from financing activities section would include all of the following except Group of answer choices receipts from the sale of bonds payable payments for dividends payments for purchase of treasury stock payments of interest on bonds payablearrow_forward
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