User Account

All Pages

A company acquired some land independently appraised at

Assignment Help Financial Accounting
Reference no: EM13583674

A company acquired some land (independently appraised at $12,000) and paid for it by issuing 1,000 shares of its common stock (par $10 per share; no market price was quoted). How should this be reported on the statement of cash flows?


A. Report $12,000 as inflow and outflow of cash.

B. Report $12,000 as an inflow of cash.

C. Should not be reported on the statement of cash flows.

D. Report in the schedule of significant noncash transactions.

 

Reference no: EM13583674

Questions Cloud

Start from the expression of the electric filed outside an : start from the expression of the electric filed outside an infinite sheet of uniform surface charge
You height of your eyes above the water 175 m are standing : you height of your eyes above the water 1.75 m are standing 2.00 m from the edge of a 2.50 m deep swimming pool. you
Termination of the election orlando corporation a calendar : termination of the election. orlando corporation a calendar year taxpayer has been an s corporation for several years.
Image text transcribed for accessibility which of the : which of the following is not a form of earnings management?a. changes in accounting assumptionsb. timing revenue
A company acquired some land independently appraised at : a company acquired some land independently appraised at 12000 and paid for it by issuing 1000 shares of its common
Calculate the molarity of h3o in a solution with : calculate the molarity of h3o in a solution with oh-1.00x10-8 moll. is the solution acidic basic or
A 760 cm length of straight wire runs horizontally along a : a 7.60 cm length of straight wire runs horizontally along a north-south line. the wire carries a 3.25a current flowing
Does this reaction occur at the anode or the cathode : the following is a redox reaction that occurs in an alkaline batteryzn oh- ----gt znoh21. assign oxidation numbers to
The balance sheet and income statement for a company are : the balance sheet and income statement for a company are provided below along with selected additional financial

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a complete cash flow statement

Prepare a complete cash flow statement for the year ending December 31, 2013 using the indirect method.  The statement must include all titles, headings, captions, sections, totals, subtotals and disclosures one would normally expect on the face o..

  How should this matter be resolved

Two partners have a dispute concerning current earnings. One partner believes his share is $75,000, while the other partner it is $100,000. How should this matter be resolved?

  Illustrate what policies and procedure would you investigate

If your boss asked you to find the reason for a substantial increase in losses due to uncollectible accounts, illustrate what policies and procedures would you investigate? What suggestions to reduce bad debts would you recommend? Explain your ans..

  The procter amp gamble company pampg the financial

the procter amp gamble company pampg the financial statements of pampg are presented in appendix 5b or can be accessed

  Purpose journal entries to record these events

Calculation of applied manufacturing overhead based on direct labor hour rate - Purpose journal entries to record these events. Use those journal entries.

  Critique a variance report the terminator inc provides

critique a variance report the terminator inc. provides on-site residential pest extermination services. the company

  Calculation of break-evenmolly dymond and kathleen taylor

calculation of break-even.molly dymond and kathleen taylor are considering the probability of teaching swimming to kids

  Accounting fundamentals based on accounting

accounting fundamentals based on accounting principles.presented below are the assumptions and principles discussed in

  Which one is false for the capital asset pricing model

Can you explain how the uncertainty is related to earnings quality and how the uncertainty can be reduced?

  Find out the amount of depreciation expense for years end

Find out the amount of depreciation expense for the years ended Dec 31, 2009, 2010, 2011 and 2012 by the straight-line method,

  Determine the balance sheet inventory carrying value

Determine the balance sheet inventory carrying value at December 31,2011 assuming the LCM rule is applied to individual products and separate income statement item, determine the amount of the loss.

  Financial statements for forgetful insurance company

Adjust Forgetful Insurance Company's 2007 annual statements to reflect transaction 1 and report these adjusted results in column

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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