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An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Conard Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary.
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity, investing activity, financing activity, and significant noncash investing and financing activity.
(a) Payment of interest on notes payable.(b) Exchange of land for patent.(c) Sale of building at book value.(d) Payment of dividends.(e) Depreciation.(f) Receipt of dividends on investment in stock.(g) Receipt of interest on notes receivable.(h) Issuance of capital stock.(i) Amortization of patent.(j) Issuance of bonds for land.(k) Purchase of land.(l) Conversion of bonds into common stock.(m) Loss on sale of land.(n) Retirement of bonds.
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A major network is launching a reality program called The Accountant. A group of recent accounting graduates will be competing for a spot in a national accounting firm.
bob and carl transfer property to stone corporation for 90 and 10 of stone stock respectively. pursuant to a biding
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Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavourable or favourable.
Gordeeva Corporation began selling goods on the installment basis on January 1, 2010. During 2010, Gordeeva had installment sales of $179,000; cash collections of $77,300; cost of installment sales of $121,720.
renee manufactured and sold a gadget a specialized asset used by auto manufacturers that qualifies for the domestic
when media company buys another goodwill is often the most costly asset acquired. world media paid 700000 to acquire
on april 1 2010 fin co. purchased 160000 of 6 bonds for166300 plus accrued interest as an available-for-sale security.
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