User Account

All Pages

How should this transaction be reported on the statement

Assignment Help Accounting Basics
Reference no: EM13511329

Preston Corp. acquires a piece of land by signing a $60,000 promissory note and making a down payment of $20,000. How should this transaction be reported on the statement of cash flows?

Reference no: EM13511329

Questions Cloud

How much cash was paid for depreciation : If depreciation expense is $20,000 and the beginning and ending accumulated depreciation balances are $100,000 and $110,000, respectively, how much cash was paid for depreciation?
Explain how many moles of naoh must be added to hc2h3o2 : How many moles of NaOH must be added to 1.0 L of 3.0 M HC2H3O2 to produce a solution buffered at each pH
What is maytag cash conversion cycle : Maytag Corporation has 49 days in accounts receivable, 46 days in inventory, and 49 days in accounts payable. What is Maytag's cash conversion cycle?
How fast is your image moving relative to you : You are walking toward a plane mirror at a speed of 2.3 m/s. How fast is your image moving relative to you
How should this transaction be reported on the statement : Preston Corp. acquires a piece of land by signing a $60,000 promissory note and making a down payment of $20,000. How should this transaction be reported on the statement of cash flows?
What is the period of the second wave : Two waves travel in the same medium at the same speed. One has wavelength 0.0382 m and frequency 9.67×106 Hz. What is the period of the second wave
What is the net work done on the plane : The model airplane in Figure 5.7 is flying at a speed of 13.2 m/s on a horizontal circle of radius 17.9 m. The mass of the plane is 1.18 kg. What is the net work done on the plane
Find the number of reflections of light rays : Two parallel, vertical, plane mirrors, 31.9 cm apart, face each other. A light source at point P is 29.8 cm from the mirror on the left and 2.1 cm from the mirror on the right. Find the number of reflections of light rays for each of these images
Fluid mechanics boundary layer theory : Fluid mechanics boundary layer theory

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the materials price and quantity variances for

one of the products of hearts amp flowers is a one-pound boxof chocolate candy packaged in a box bearing the customers

  How much is cost of goods manufactured for june show all

carbon factors manufactures emission detectors and employs a job-order costing system. during june the companys

  Company has just completed its first year of operations the

company has just completed its first year of operations. the companys accountant has prepared an absorption costing

  Problem on unadjusted trial balance

Prepare the adjusting entry for Vizarro Co. to recognize bad debts under each of the following independent assumptions.

  Accounting and financial reporting decisions

For purposes of this question, assume that the excerpts from the Powers Report shown in Exhibit 3 are accurate descriptions of Andersen's involvement in Enron's accounting and financial reporting decisions.

  Properly reflects the time value of money

Calculate the amount at which Lincoln should record the note payable and corresponding purchases on September 30, 2013, assuming that an interest rate of 10% properly reflects the time value of money in this situation.

  Not-for-profit organizations problem

The primary revenue source for not-for-profit organizations is contributions. Please define what a contribution is, and discuss how the different types of contributions are recognized as revenue (i.e. cash contributions, unconditional promise to g..

  Compute 1 uncollectible accounts expense and 2 the ending

the general ledger account for accounts receivable shows a debit balance of 40000. the allowance for uncollectible

  Company borrowed 10000 on a 5 year 9 percent installment

company borrowed 10000 on a 5 year 9 percent installment note with quarterly payments of 626.42. how much of the first

  Make a depreciation schedule for each depreciation method

on january 2 2006 speedway delivery service purchased a truck at a cost of 63000. before placing the truck in service

  Calculate the minimum ticket price

The Ocean City water park is considering the purchase of a new log flume ride. The cost to purchase the equipment is 1,800,000, and it will cost an additional 180,000 to have it installed.

  Withdrawal of cash made by the owner

A withdrawal of cash made by the owner will be found on the:

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