Answer and Explanation:
The classification is as follows:
1. Dividend of preferred stock paid - Financing activity
2. Purchase of the property for a future factory - Investing activity
3. Issuance of the common stock shares - Financing activity
4.Rise in accrued liabilities - Operating activity
5. Sell some old equipment - Investing activity
The following are expected to increase in the cash flow
1. Issuance of the common stock shares
2. Rise in accrued liabilities
3. Sell some old equipment
Increase inventory holdings - Operating activity
Sell a tract of land it has held for years - Investing activity
Answer: tactical market research
Explanation:
The type of market research that will be used is the tactical market research. A tactical market research is typically done when there is a particular acquisition or need. It is designed in such a way that the specific questions can be answered.
Since the contracting officer notifies of an acquisition for a specific requirement and asks you to assist with market research to identify potential small businesses who could perform the work, the tactical market research should be used.
Answer and Explanation:
The journal entries are shown below:
1. Cash Dr $1,000,000
To Bond payable $1,000,000
(Being the issuance of the bond is recorded)
For recording this we debited the cash as it increased the assets and credited the bond payable as it also increased the liabilities
2. Interest Expense Dr ($1,000,000 × 5% × 1 ÷ 2) $25,000
To Cash $25,000
(Being the interest expense is recorded)
For recording this we debited the interest expense as it increased the expense and credited the cash as it decreased the asset
Knowledge that is taught as part of a course of study.
