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If common stock was issued to acquire an $8,000 machine, how would the transaction appear on the statement of cash flows? A. It would depend on whether you are using the direct or the indirect method. B. It would be a positive $8,000 in the financing section and a negative $8,000 in the investing section. C. It would be a negative $8,000 in the financing section and a positive $8,000 in the investing section. D. It would not appear on the statement of cash flows but rather on a schedule of noncash investing and financing activities. Which of the following events will appear in the cash flows from financing activities section of the statement of cash flows?
A. Cash purchases of equipment.
B. Cash purchases of bonds issued by another company.
C. Cash received as repayment for funds loaned.
D. Cash purchase of treasury stock.
Lockard Company purchased machinery on January 1, 2010 for 80,000. The machinery is estimated to have a salvage value of $8,000 after a useful life of 8 years.
Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.
The machine would reduce labor and other costs by $67,000 per year. The company requires a minimum pretax return of 15% on all investment projects. The net present value of the proposed project is closest to:
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Variable Overhead $5 per unit; Variable Selling Costs $3 per unit; Total Fixed Overhead Costs $40,000 per year and Total Fixed Selling & Administrative Costs $32,000 per year. Selling price is $32 per unit. What is the contribution margin per unit..
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For the credit sales, 50% are collected in the month of sale, and 50% the next month. The total expected cash receipts during September are:
What is the amount of interest expense Herman will show with relation to these bonds for the year ended December 31, 2010?
During 2007, a company began researching and developing a new product for market. By June 30, 2008, the company had determined the new product was technologically feasible and developed a business plan including identification of a ready market fo..
What is the relationship between present value and the concept of a liability?
The modified accrual basis of accounting is used in presenting the fund financial statements of the governmental funds because:
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