fix wrong ones eBook o Effect of Transactions on Cash Flows...

70.2K

Verified Solution

Question

Accounting

fix wrong ones image
eBook o 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. Sold equipment with a book value of $66,100 for $95,200. G b. Sold a new issue of $190,000 of bonds at 98. C. Retired $260,000 of bonds, on which there was $2,600 of unamortized discount, for $270,000. d. Purchased 6,300 shares of $40 par common stock as treasury stock at $77 per share. e. Sold 12,000 shares of $25 par common stock for $45 per share. f. Paid dividends of $2.40 per share. There were 24,000 shares issued and 4,000 shares of treasury stock. g.Purchased land for $491,000 cash. h. Purchased a building by paying $46,000 cash and issuing a $120,000 mortgage note payable. Effect Amount C.O s 95200 Cash receipt 19000C $ 27000c s 485100 $ 54000c s 57600 Cash receipt t c. [ cash payment . Cash payment Cash recelpt cash payment : d. g. C S49100C Cash payment t h. Cash payment s 46000

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