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kotykmax [81]
3 years ago
9

Identify each of Knox​ Industries' transactions listed below as operating​ (O), investing​ (I), financing​ (F), noncash investin

g and financing​ (NIF), or a transaction that is not reported on the statement of cash flows​ Paste from Word(NA). Also indicate whether the transaction increases​ (+) or decreases​(dash–​) cash. The indirect method is used for operating activities.
a. Issuance of common stock for cash

b. Purchase of new forklift with cash

c. Purchase of equipment by issuing note payable

d. Depreciation of building e. Decrease in raw materials inventory

f. Payment of cash dividend

g. Inccrease in prepaid rent expense

h. Purchase of treasury stock

i. Cash sale of land (no gain or loss)

j. Sale of long-term investment (no gain or loss)

k. Increase in salaries payable

l. Amortization of patent

m. Purchase building with cash

n. Decrease in accrued taxes payable

o. Gain on sale of equipment

p. Repayment of long-term debt
Business
1 answer:
mylen [45]3 years ago
8 0

Answer:

a. Issuance of common stock for cash

 (F)    +Cash

b. Purchase of new forklift with cash

(I)       -Cash

c. Purchase of equipment by issuing note payable

 (I)       -Cash

d. Depreciation of building

(O)       No cash changes

e. Decrease in raw materials inventory

(O)           +Cash

f. Payment of cash dividend

(F)           -Cash

g. Increase in prepaid rent expense

(O)            -Cash

h. Purchase of treasury stock

(F)            -Cash

i. Cash sale of land (no gain or loss)

(I)            +Cash

j. Sale of long-term investment (no gain or loss)

(I)           +Cash

k. Increase in salaries payable

(O)        +Cash

l. Amortization of patent

(O)        No cash dealing

m. Purchase building with cash

(I)            -Cash

n. Decrease in accrued taxes payable

(O)              -Cash

o. Gain on sale of equipment

(I)                 +Cash

p. Repayment of long-term debt

(F)           -Cash

Explanation:

Cash Flow from operating activities cash generated from to day to day activities of the business. All the cash flows needed to operate the business smoothly.

All the cash flows related to the fixed asset is called cash flows from the investing activities. Cash inflows from the sale fixed asset and cash outflows from the purchase of fixed assets are included in it.

Cash flow from financing activities is the cash inflows and outflows related to the fund of the business.

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Under _____ uncertainty avoidance employees are willing to change jobs more frequently
maxonik [38]
The answer is "high uncertainty avoidance".

Countries indicating high uncertainty avoidance have a low tolerance for uncertainty and ambiguity in most everyday circumstances. Individuals who are living in the societies with a low tolerance to vulnerability will likewise have a tendency to set up laws, principles, directions and control components to keep any vagueness or hazard.Nations in Latin America, Japan and Germany are a few cases of where there is high uncertainty avoidance.
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Dima called her friend to tell her that she saved 30% on her new skirt at a discount store. Her friend told her that she could h
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If the original price of Dima’s skirt was $54, the amount that she have saved at the store was option(b)i.e, $1.80.

Let's just take the sales price of the skirt Dima purchased from the discount shop as the rate of the other retailer is not provided.

Original price: $54

Discount rate: 30%

$54 x 30% = $16.20 value of the discount

$54 - 16.20 = $37.80 discounted price.

Since Dima's friend told her she could have had a better deal at a different store, this means that the discount rate is higher than 30%. i.e, the discount is 33.33%

$54 x 33.33%  = $17.99 value of the discount

$54 - 17.99 = $36.00 discounted price.

Discount store: $37.80

Different store: $36.00

The different store sales price is cheaper by $1.80

Therefore, she could have saved $1.80 at the store her friend suggested.

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Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the
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Answer:

total equivalent units for materials = 6,310

Explanation:

700 units in beginning work in process:

  • materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
  • conversion: 10% complete, $3,700

units started in to production 6,400

units transferred out 5,600

ending work in process 1,500

  • materials: 80% complete, completed 1,200 equivalent units for materials
  • conversion: 25% complete

materials added $92,200

conversion costs added $269,600

equivalent units for materials:

  • beginning WIP equivalent units to be completed = 210
  • units started and completed = 5,600 - 700 = 4,900
  • ending WIP = 1,200 equivalent units
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A major contribution of the Miller model is that it demonstrates, other things held constant, that ____
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Answer: The correct answer is "personal taxes lower the value of using corporate debt".

Explanation: A major contribution of the Miller model is that it demonstrates, other things held constant, that: <u>personal taxes lower the value of using corporate debt.</u>

<u />

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Explanation:

There are several ways that a CA aspirant can become fluent in the English language. The best way is to take short-term English language classes that will give some fluency in English. There are several such English courses available from leading institutes in India. Also, you can take simple online English language courses to improve English language fluency.

English language fluency is important for CA aspirants. It’s not only necessary to pass all exams to become a CA but also in your routine work, after becoming a CA. Hence, learning English and becoming fluent in this language is very important.

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