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Rina8888 [55]
3 years ago
15

An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Wellman Corp.

uncovered the following items. Assume all items involve cash unless there is information to the contrary.
Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity.

(a) Payment of interest on notes payable. An analysis of comparative balance sheets, the cur Investing ActivityOperating ActivityFinancing ActivityNoncash Investing and Financing Activity
(b) Exchange of land for patent. An analysis of comparative balance sheets, the cur Investing ActivityNoncash Investing and Financing ActivityOperating ActivityFinancing Activity
(c) Sale of building at book value. An analysis of comparative balance sheets, the cur Investing ActivityFinancing ActivityOperating ActivityNoncash Investing and Financing Activity
(d) Payment of dividends. An analysis of comparative balance sheets, the cur Investing ActivityOperating ActivityFinancing ActivityNoncash Investing and Financing Activity
(e) Depreciation. An analysis of comparative balance sheets, the cur Noncash Investing and Financing ActivityOperating ActivityFinancing ActivityInvesting Activity
(f) Receipt of dividends on investment in stock. An analysis of comparative balance sheets, the cur Financing ActivityInvesting ActivityNoncash Investing and Financing ActivityOperating Activity
(g) Receipt of interest on notes receivable. An analysis of comparative balance sheets, the cur Operating ActivityFinancing ActivityInvesting ActivityNoncash Investing and Financing Activity
(h) Issuance of common stock. An analysis of comparative balance sheets, the cur Investing ActivityNoncash Investing and Financing ActivityOperating ActivityFinancing Activity
(i) Amortization of patent. An analysis of comparative balance sheets, the cur Noncash Investing and Financing ActivityOperating ActivityFinancing ActivityInvesting Activity
(j) Issuance of bonds for land. An analysis of comparative balance sheets, the cur Financing ActivityNoncash Investing and Financing ActivityInvesting ActivityOperating Activity
(k) Purchase of land. An analysis of comparative balance sheets, the cur Financing ActivityNoncash Investing and Financing ActivityOperating ActivityInvesting Activity
(l) Conversion of bonds into common stock. An analysis of comparative balance sheets, the cur Financing ActivityInvesting ActivityOperating ActivityNoncash Investing and Financing Activity
(m) The loss on the sale of land. An analysis of comparative balance sheets, the cur Financing ActivityInvesting ActivityOperating ActivityNoncash Investing and Financing Activity
(n) Retirement of bonds. An analysis of comparative balance sheets, the cur Investing ActivityOperating ActivityFinancing ActivityNoncash Investing and Financing Activity`
Business
1 answer:
dolphi86 [110]3 years ago
8 0

Answer:

A

Explanation:

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Vlad1618 [11]

The monthly income of Denise after she decides to go back to school to become an LPN will be $3880.

<h3>What is monthly income?</h3>

The amount of money earned or made by an individual under employment or engaged in business activities is known as the total monthly income of such individual.

Using the given information, it can be said that the salary of Denise will become $970 a week after she becomes an LPN. So, her monthly income will be 970 × 4 = $3880.

Hence, the monthly income of Denise after she becomes an LPN is aforementioned.

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6 0
2 years ago
Devin is a landscaper who needs to prepare different types of grass seed for his customers' yards. Bluegrass seed costs $2.00 pe
IgorLugansk [536]

Answer:

7 pounds

Explanation:

To solve this we need to use simultaneous algebraic equations.

Assume

x  = 1 pound of bluegrass seed

y = 1 pound of drought resistant seed

Our first equation considers the number of pounds

x + y = 25

y = 25 - x

For the combined bluegrass seeds and thought resistant seeds bought

For the second equation we consider the price

2x + 3y = 68

Substitute value of y in equation 2

2x + 3(25 - x) = 68

2x + 75 - 3x = 68

x= 7

So the amount of bluegrass seed is 7

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3 0
4 years ago
Which scenario best describes purchasing property insurance? Mitchell buys insurance to protect his new stereo system. Carmen ge
Yuki888 [10]

Answer:

Lee buys insurance to protect her home after crime rates go up

Explanation: Property insurance gives protection against majority of risks that can occur to a property.

Homeowners and Renters insurance are two types of property insurance. They usually provide insurance against personal property.

Carmen insuring her car is known as motor vehicle insurance.

4 0
4 years ago
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An investmetn adviser will always be considered to have taken custody if an adviser: is the trustee for the cleint in a trust ac
Talja [164]

Answer:

true (A.  is the trustee for the client in a trust account)

Explanation:

Based on the information provided within the question it can be said that this statement is completely true. This is mainly due to the fact that a trustee can directly deduct management fees from the customer funds. Therefore if the investment adviser is the trustee for the client he is able to have custody over the account and make these deductions.

3 0
3 years ago
LBM, Inc. issues 25,000 shares of common stock for $20 per share. The stock has a par value of $1 per share. By what amount woul
Arisa [49]

Answer:

$475,000

Explanation:

Calculation for By what amount would LBM credit capital in excess of par

Dr Cash $500,000

(25,000 shares*$20 per share)

Cr Common Stock $25,000

(25,000 shares*$1 per share)

Cr Capital in excess of par $475,000

($500,000-$25,000)

Therefore based on the above Journal entry and calculation the amount that LBM would credit as capital in excess of par will be $475,000 ($500,000-$25,000).

5 0
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