Indicate how this transaction would be reported

Assignment Help Accounting Basics
Reference no: EM131110638

1. During 2010, Simms Company redeemed $2,000,000 of bonds payable for $1,880,000 cash. Indicate how this transaction would be reported on a statement of cash flows, if at all. 

Reference no: EM131110638

Questions Cloud

Why is it desirable to use a worksheet : Why is it desirable to use a worksheet when preparing a statement of cash flows? Is a worksheet required to prepare a statement of cash flows?
Organizational behavior and design : Due Date: Your group presentation will be scheduled for one of the following weeks: 9, 10 or 11. Scheduling will occur as soon as you are able to provide final confirmation of the members of your group.
What are some of the arguments in favor of using : What are some of the arguments in favor of using the indirect (reconciliation) method as opposed to the direct method for reporting a statement of cash flows?
What is your resistance point : What is your resistance point; what is your walkaway - Define your targets and asking prices-where will you start; what is your goal?
Indicate how this transaction would be reported : During 2010, Simms Company redeemed $2,000,000 of bonds payable for $1,880,000 cash. Indicate how this transaction would be reported on a statement of cash flows, if at all.
Provide a definition of commercial speech : Provide a definition of commercial speech, as well as an example of commercial speech that is protected, and an example of commercial speech that would not be protected by the First Amendment.
The hormsbury corporation produces calculators : The Hormsbury Corporation produces calculators at its factory. Wages are $12 per hour and calculator making equipment (a computer-controlled machine) rents for $4 per hour
Stan conner and mark stein were discussing the presentation : At the bottom of Bombeck's statement of cash flows was a separate section entitled "Noncash investing and financing activities." Give three examples of significant noncash transactions that would be reported in this section.
Three benefits of induction to your organization : • Prepare a twelve week induction programme in table format, for a new HR Administrator. Describeeverything they need to learn, know and do, and which roles, teams and functions they need to meet, in order to be effective. In doing so you should ..

Reviews

Write a Review

Accounting Basics Questions & Answers

  What payments must zach taylor make

What payments must Zach Taylor make to settle the loan at the interest rate of 11%, but with the 6 payments beginning on the day the loan is signed?

  Depreciation deductions-accelerated depreciation

In November 2011, Kendall purchases a computer for $4,000. She does not use Sec. 179. She only uses the most accelerated depreciation method possible.

  The company has 15 employees who earn a total of 2250 in

the company has 15 employees who earn a total of 2250 in salaries each working day. they are paid each monday for their

  What total incremental manufacturing cost martinez incur

Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its unit costs are as follows.

  Investment securities can be classified as hold to maturity

investment securities can be classified as hold to maturity available for sale or trade. the specific classification

  You want to purchase a new car for 29000 tow financing

you want to purchase a new car for 29000 tow financing options are available from the dealer. 1 pay the list price with

  Pyramid construction company has used the completed contract

Prepare the 2011-2010 comparative statements of shareholders' equity. (Hint: The 2009 statements reported retained earnings of $36,000. This is $60,000 - [$60,000 × 40%].

  Finished goods inventory at the end of september was 3000

1.toscano company makes all its sales on account. accounts receivable payment experience is as followspercent paid in

  A company recently approached sluggers management about

slugger products manufactures a single product with the following full unit costs at a volume of 2000 units direct

  Balance sheets and income statement for kinder care company

Below are the balance sheets and income statement for Kinder Care Company. Please prepare the statement of cash flows for 2015 on both the indirect and direct bases

  What two approaches can managers take

What two approaches can managers take to speed up sluggish collections of receivables? List one advantage and disadvantage for each approach.

  Prepare the journal entries to record the conversion

Prepare the journal entries to record the conversion, amortization, and interest in connection with the bonds as of the following dates.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd