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3 years ago

The ________ section of the statement of cash flows includes increases and decreases in long-term assets.

1 answer:

6 0

The investment activities section of the statement of cash flows includes increases and decreases in long-term assets.

Long-term assets are investment based activities which included equipment used in a business and the building thats built for a business to run in. If you were to sell your long-term assets and make a profit, this would also but included in the investment activities section of the state of cash flows.

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Treasury stock represents ______. (Check all that apply.) Multiple select question. stock issued in exchange for treasury bills

VashaNatasha [74]

Option 3. The amount paid for the stock reacquired and currently held in its treasury.

2) Option 6. Credit common stocks $180,000.

2) Option 8. Debit cash $660,000.

Solution 1:

Treasury Stock represents "the amount paid for stock reacquired and currently held in Treasury".

Hence the third option is correct.

Solution 2:

Price of share = (Common stock + paid-in capital in excess of par) / Number of shares issued.

= ($100,000 + $460,000) / 50000

= $11.2 per share.

Solution 3:

Journal entry will be:

Debit Cash......................$660,000

Credit Common stock....................................$180,000

Credit Paid in capital in excess of par...........$480,000

Hence third, sixth and last options are correct.

Treasury stock is often a form of reserved stock set aside to raise funds or pay for future investments. Companies may use treasury stock to pay for investment or acquisition of competing businesses.

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6 0

2 years ago

Addison pays $15,000 for an annuity that will pay $1,000 a year, starting this year. If the annuity is for a term of 20 years, h

kati45 [8]

Answer:

Addison will have $250 of taxable income from the annuity each year

Explanation:

Given:

Addison's total pay = $15,000

Per year amount receive = $1,000

Total amount receive = $1,000 x 20 = $20,000

Computation of Addison's exclusion ratio:

Addison's exclusion ratio = $15,000 / $20,000

Addison's exclusion ratio = 0.75

Computation of Addison's gross income:

Addison's gross income = Per year amount receive x (1 - Addison's exclusion ratio)

Addison's gross income = $1,000 x (1 - 0.75)

Addison's gross income = $250

6 0

3 years ago

If we accept "consumer satisfaction" as the objective of our macro-marketing system, this means that: consumer educators should

Ad libitum [116K]

If we accept "consumer satisfaction" as the objective of our MACRO-marketing system, this means that each consumer should decide how best to satisfy his or her own wants. In marketing, there are 4 Ps which are product, price, plan and promotion. Regarding MACRO-marketing, this is the study on how marketing (the 4 Ps) impacts our economy and society. Since each consumer can decide what is best for them, experts then see what each consumer desires and tries to make items appeal to them.

5 0

3 years ago

Wood Incorporated factored $165,600 of accounts receivable with Engram Factors Inc. on a without recourse basis. Engram assesses

ruslelena [56]

Answer:

The journal entries are shown below:

Explanation:

Cash $149,040

Due from factor $11,592 ($165,600 × 3%)

Loss on sale of receivables $4,968 ($165,600 × 3%)

To Account receivable $165,600

(Being the factoring of account receivable is recorded)

Account receivable $165,600

To Due from factor $11,592 ($165,600 × 3%)

To Cash $149,040

To Gain on sale of receivables $4,968 ($165,600 × 3%)

(Being the factoring of account receivable is recorded)

Only these entries are passed

5 0

3 years ago

Sunland Company had the following two transactions related to its delivery truck. 1. Paid $38 for an oil change. 2. Paid $564 to

Jobisdone [24]

Answer:

1. Paid $38 for an oil change.

$38 Maintenance Expenses - DEBIT

$38 Cash - CREDIT

2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck.

$564 Delivery Trucks - DEBIT

$564 Cash - CREDIT

Explanation:

1. Paid $38 for an oil change

$38 Maintenance Expenses - DEBIT

$38 Cash - CREDIT

An oil change it's just an expenses of maintenance, which goes as General Expenses directly to the Income Statement.

2. Paid $564 to install special shelving units, which increase the operating efficiency of the truck.

$564 Delivery Trucks - DEBIT

$564 Cash - CREDIT

The installations of shelving units it's an improvements in the company's fixed assets, therefore, assets improvements are activated as fixed assets in the non-current assets section of the balance sheets.

6 0

3 years ago

The​ ________ section of the statement of cash flows includes increases and decreases in​ long-term assets.

The ________ section of the statement of cash flows includes increases and decreases in long-term assets.