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Classify and report the cash flow operations.
For each of the following items, indicate whether it would be classified and reported under the operating activities (OA), investing activities (IA), or financing activities (FA) section of a statement of cash flows:
a. Cash receipts from selling merchandise. b. Cash payments for wages and salaries. c. Cash proceeds from sale of stock. d. Cash purchase of equipment. e. Cash dividends paid. f. Cash received from bank loan. g. Cash payments for inventory. h. Cash receipts from services rendered. i. Cash payments for taxes. j. Cash proceeds from sale of property no longer needed as expansion site.
The annual payments will be $6261.41 When Nunez makes its first payment at the end of the first year of the loan, how much of the payment will be interest?
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly and Additional accounts are: Depreciation Expense; Insurance expense; Interest Payable; and Supplies expense.
RGF Manufacturing recently signed a $200,000, 138-day note on June 22. The interest rate is 5%. Using a 365-day year, how much interest will be due on the note?
Assume that variable expenses are reduced by 20% per unit, and the total fixed expenses are increased by 10%. Find the sales in units to achieve a profit of $20,000, assuming no change in selling price.
Prepare a report for your client. Your report should include a description of the core business of the company including full details of its operating activities.
security a has an expected rate of return of 12 and a beta of 1.10.nbsp the market expected rate of return is 8 and the
Journalizing adjusting entries and Journalize the adjusting entry needed at December 31 for each of the following independent situations.
Discuss the relationship between net income and cash flow from operations and between cash flows korri operating, investing, and financing activities for the firm over the three year period.
question smart hardware purchase new shelving for its store on 1st april2011. the shelving is expected to have a 20 yr
Perpetual Inventory Using FIFO August 1 Inventory 50 units at $80 9 Sale 30 units 13 Purchase 40 units at $85 28 Sale 25 units Beginning inventory, purchases, and sales
There are three main forms of firm's ownership, sole proprietorships, partnerships and corporations in business organizations. Identify and explain these forms in private firms.
Ted also owns a 10% of Subco (an S corporation) that had $100,000 of taxable income and distributed a total of $60,000 to its shareholders. How much must Ted include in his gross income as a result of being a shareholder in these two corporations?
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