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1. Problem - Selected information from a company's accounting records is as follows: Proceeds from sale of land, Proceeds from long-term borrowings, Purchases of plant assets, Purchases of inventories, Proceeds from sale of common stock. What is the net cash provided (used) by investing activities?
2. Problem - Selected information from a company's accounting records is as follows: Proceeds from issuance of common stock, Proceeds from issuance of bonds, Cash dividends paid on common stock, Cash dividends paid on preferred stock paid, Purchases of treasury stock. What is the net cash provided (used) by financing activities for the year?
3. Problem - A company earned a certain amount of net income which included depreciation expense. In addition, the company experienced the following changes in account balances: Increase in accounts payable, Increase in inventory, Decrease in accounts receivable, Decrease in prepaid insurance. Based upon this information, what amount will be shown for net cash provided by operating activities?
why are the assets contributed by each partner recorded at their fair market values?
An unexpected cash windfall has prompted management to consider either a special dividend of $6.00 per share or a stock repurchase for cash. What is the total value of the unexpected cash windfall?
A special order to purchase 10,000 units was recently received. Kandeed has enough capacity to fill the order, and filling the order would not disrupt current production or sales of K.
lopez corporation has collected the following information after its first year of sales. net sales were 1600000 on
Tolan co. purchased 30,6% irick company bonds for 60,000 cash plus brokerage fees of $600. Interest is payable seminannualy on july 1 and january 1. if 15 of the securities are sold on july 1 from $31,000 less $300 brokerage fees, the entry would ..
1. on october 10 tridant inc. purchased 5000desks at an invoice price of 300 each and paid for them on october20
polly enterprises manufactures lamps that normally sell for 75 each. there are 300 defective lamps in inventory which
john corp appropriately uses the installment method of accounting to recognize income in its financial statements.
Make a balance sheet and income statement as of December 31, 2003, for Sharpe Manufacturing Company from the following information.
Eastern Manufacturing is involved with several situations that possibly involve contingencies. Each is described below. Eastern's fiscal year ends December 31, and the 2011 financial statements are issued on March 15, 2012.
A substantial number of hours was spent by Raleigh and Mincin in resolving relatively minor differences between the confirmation replies and the accounting records. Alternative audit procedures were used for supplier who did not respond to the con..
What journal entry is needed torecord the payroll from the week prior (week ending 05/22, payroll computation happening on Tuesday 05/26).
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