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)...

80.2K

Verified Solution

Question

Accounting

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:

Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000.

Sold 7,000 shares of $15 par common stock for $24 per share.

Sold equipment with a book value of $49,200 for $70,800.

Purchased land for $373,000 cash.

Purchased a building by paying $64,000 cash and issuing a $90,000 mortgage note payable.

Sold a new issue of $280,000 of bonds at 97.

Purchased 6,500 shares of $15 par common stock as treasury stock at $30 per share.

Paid dividends of $1.90 per share. There were 19,000 shares issued and 3,000 shares of treasury stock.

Effect Amount
a. Cash payment $
b. Cash receipt $
c. Cash receipt $
d. Cash payment $
e. Cash payment $
f. Cash receipt $
g. Cash payment $
h. Cash payment $

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A hedge fund with $1.3 billion of assets charges a management fee of 2% and an...

Finance
Q

You have been recording how many miles you get per tank of gas, and you have found...

Statistics
Q

A voltaic cell has one half-cell with a Cu bar in a 1.00 M Cu2+ salt...

Chemistry
Q

Identify and describe someone who you believe is a great leader. This person can be living...

Psychology
Q

Describe direct, first, second, and third order control system.

Mechanical Engineering
Q

Savemore store is a retail store that sells many different types of items and many different...

Economics
Q

discuss and give examples each. 1. threat of substitutes 2. Rivalry amont existing firms 3. risk of entry 4....

General Management
Q

Kimi Skuban deposits $2,000 at the beginning of each year into an Individual Retirement Account...

Basic Math
Q

Suppose that X is normally distributed with mean 80 and standard deviation 29 A What...

Statistics
Q

5 Apply the inverse property of addition 16

Algebra
Q

Biotech's produces chemicals to sell to wholesalers. One of the raw material it buys is...

Accounting
Q

Cumulative Learning Curve The learning curveshows how the labor hours worked per unit as the...

Accounting