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

Effect of Transactions on Cash Flows State the effect (cash receipt or payment and amount)...

70.2K

Verified Solution

Question

Accounting

image

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 $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. b. Sold 12,000 shares of $15 par common stock for $24 per share. c. Sold equipment with a book value of $44,400 for $63,900. d. Purchased land for $486,000 cash. e. Purchased a building by paying $81,000 cash and issuing $100,000 mortgage note payable. f. Sold a new issue of $170,000 of bonds at 97. g. Purchased 6,400 shares of $20 par common stock as treasury stock at $38 per share. h. Paid dividends of $1.80 per share. There were 24,000 shares issued and 4,000 shares of treasury stock. Effect Amount Cash payment 343,000 b. Cash receipt 288,000 C. Cash receipt $ 63,900 d. Cash payment $ 486,000 e. Cash payment 81,000 f. Cash receipt $ g. Cash payment 243,200 h. Cash payment $ 36,000

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

Statistics
1.2K views

A random sample of 90 observations produced a mean of 32.4 from a population with a...

General Management
1.2K views

The Tuckman model is comprised of five stages of team development.  When many teams are first formed,...

Biology
1.2K views

What is legal tender O Only U S coins O Only U S paper money...

Geometry
1.2K views

The graph of f x 5 0 15 is given below click on graph to...

Algebra
1.2K views

3 20 4

Accounting
1.2K views

common stockholder's profitability analysis Common stockholders' profitability analysis...

Accounting
1.2K views

Tano Company issues bonds with a par value of $85,000 on January 1, 2019. The...

Accounting
1.2K views

You work for a company and a customer calls to ask a question about his...

Accounting
1.2K views

Wyckam Manufacturing Incorporated has provided the following estimates concerning its manufacturing costs: ...

Accounting
1.2K views

Prepare all nevessary joirnal entries related to the above transactions ...

Accounting
1.2K views

QUESTION 8 On 1 July 2016, Combi Ltd. purchased a new machine. The machine had...

Finance
1.2K views

Colcord Enterprises is a mature manufacturing firm. The company just paid a dividend of $14.55,...