Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. effect of transactions on cash flows state the e

Effect of transactions on cash flows State the effect (cash receipt or cash...

50.1K

Verified Solution

Question

Accounting

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:
Retired $290,000 of bonds, on which there was $2,900 of unamortized discount, for $302,000.
Sold 7,000 shares of $15 par common stock for $29 per share.
Sold equipment with a book value of $61,200 for $88,100.
Purchased land for $550,000 cash.
Purchased a building by paying $75,000 cash and issuing a $90,000 mortgage note payable.
Sold a new issue of $250,000 of bonds at 99.
Purchased 3,900 shares of $25 par common stock as treasury stock at $50 per share.
Paid dividends of $2.10 per share. There were 20,000 shares issued and 3,000 shares of treasury stock.
Line Item Description Effect Amount
a.
Cash payment
$fill in the blank 2
b.
Cash receipt
$fill in the blank 4
c.
Cash receipt
$fill in the blank 6
d.
Cash payment
$fill in the blank 8
e.
Cash payment
$fill in the blank 10
f.
Cash receipt
$fill in the blank 12
g.
Cash payment
$fill in the blank 14
h.
Cash payment
$fill in the blank 16

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

Question 10 What is the exact highest elevation on the map above Higher than 25...

Biology
1.2K views

What is the term for a Zoroastrian priest?A. ZaraB. AhuraC. MagiD. Mazda

Biology
1.2K views

gant ng an Which part of the scientific method helps the experimenter design a useful...

Physics
1.2K views

A gas turbine blade made of stainless steel k 32 W m deg is 70...

Physics
1.2K views

33 A body oscillates with SHM according to the equation x 5 0 m cos...

Physics
1.2K views

al th e 11 22 A ball x of mass 1 kg is moving x...

Basic Math
1.2K views

of 13 Find the area of the given region The area can be expressed as...

Calculus
1.2K views

2 In 2 1 dz 0 1 0 0 5 0 C 2 1 32...

Calculus
1.2K views

Multiply and simplify by factoring Assume that all expressions under radicals represent nonnegative numbers 3...

Algebra
1.2K views

USING A FORMULA The two way table shows the numbers of tropical cyclones that formed...

Algebra
1.2K views

A wedding planner is preparing a wedding reception dinner and has determined that the overall...

Accounting
1.2K views

Winslow Manor Construction proporcion la siguiente informacin durante el ao: Ingresos por la venta del...