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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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denpristay [2]

Answer:

stock our for day trading bonds and trading ways thier divided stacks for long term passive income bonds are more safer investment though will be accped by any bank without qeoutions

8 0
3 years ago
Bonds issued by the Coleman Manufacturing Company have a par value of $1,000, which of
miss Akunina [59]

Answer:

19.05%

Explanation:

the approximate yield to maturity (YTM) formula is:

approximate YTM = {C + [(FV - PV) / n]} /  [(FV + PV) / 2]

  • C = coupon payment = $130
  • FV = face value or value at maturity = $1,000
  • PV = present value or current market value = $690
  • n = 10 years

approximate YTM = {$130 + [($1,000 - $690) / 10]} /  [($1,000 + $690) / 2] = ($130 + $31) / $845 = $161 / $845 = 0.1905 or 19.05%

8 0
3 years ago
On June 8, Alton Co. issued an $88,500, 7%, 120-day note payable to Seller Co. Assume that the fiscal year of Seller Co. ends Ju
Furkat [3]

Answer:

Amount of interest revenue recognized =\frac{2065\times 98}{120}=$1686.41

Explanation:

Principal amount P = $88500

Rate of interest r = 7 %

Total number of days = 120

So interest =\frac{principal\ amount\times rate\times time}{100}=\frac{88500\times 7\times 120}{360\times 100}=$2065

Number of days from 8 june to 30 june = 30-8 = 22 days

So left days = 120-22 = 98 days

So amount of interest revenue recognized =\frac{2065\times 98}{120}=$1686.41

3 0
3 years ago
Raphael and Martina are engaged and are planning to travel to Las Vegas during the 2019 Christmas season and get married around
Tanzania [10]

Answer:

It would be better to get marry on 2019 that way they will saved in income taxes $138

Explanation:

We have to compare their two single taxable income

against marry filing jointly:

<u>Martina:</u>

15,000 - 12,200 standard deduction = 2,800

It willbe taxed at 10% = 280

<u>Raphael:</u>

45,000 - 12,200 standard = 32,800

It will be taxed 10% of 9,700 = 970

and 12% above: (32,800-9,700) x 12% = 2,772

total income tax for Raphael: 3,742

Total if married in 2020: 4,022

<u>Jointly:</u>

60,000 - 24,400 = 35,600 taxable income

it will be taxes at 10% for the first 19,400 = 1,940

and at 12% for the above: (35,600 - 19,400) x 12% = 1,944

Total: 3.884‬

Difference:

4,022 - 3,884 = 138

3 0
4 years ago
Diane Fisher of ABC Research determined that her lent's problem was lack of knowledge about customer preferences for features on
Fudgin [204]

Answer:

D

Explanation:

In the above scenario, Diane's decision to gather preference information for the product features is an example of her Determining Research Objectives. Thus option D is the right option.

Cheers

6 0
3 years ago
Read 2 more answers
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