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Nuetrik [128]
3 years ago
14

Red Hot Chili Peppers Co. had the following activity in its most recent year of operations.Classify the items as (1) operating—a

dd to net income; (2) operating—deduct from net income; (3) investing; (4) financing; or (5) significant noncash investing and financing activities. Use the indirect method.
a. Purchase of Equipment
b. Redemption of bonds payable
c.Sale of building
d. Depreciation
e. Exchange of equipment for furniture
f. Issuance of capital stock
g. Amortization of intangible assets
h. Purchase of treasury stock
i. Issuance of bonds for land
Business
1 answer:
lora16 [44]3 years ago
7 0

Answer:

a. Purchase of Equipment  - (3) investing

b. Redemption of bonds payable  - (4) financing

c. Sale of building  - (3) investing

d. Depreciation  - (1) operating—add to net income;

e. Exchange of equipment for furniture  - (5) significant noncash investing and financing activities

f. Issuance of capital stock  - (4) financing

g. Amortization of intangible assets  - (1) operating—add to net income

h. Purchase of treasury stock  - (4) financing

i. Issuance of bonds for land - (5) significant noncash investing and financing activities

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

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6 0
3 years ago
a process with a one-sided specification has a Cpk of 0.22. What is the percentage of the production falls beyond the specificat
mihalych1998 [28]

Answer:

≈ 25%

Explanation:

Given data:

Cpk = 0.22

Determine The percentage of production that falls beyond the specification limit ( assuming normal distribution )

first calculate the value of Z ;

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hence Z = Cpk * 3 = 0.22 * 3 = 0.66

The percentage of the production can be determined by

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8 0
2 years ago
At the beginning of the month, the Painting Department of Skye Manufacturing had 40,000 units in inventory, 80% complete as to m
d1i1m1o1n [39]

Answer:

Material Cost per equivalent unit  = $2.325

Conversion Cost per equivalent unit = $4.004

Explanation:

According to the scenario, computation of the given data are as follow:-

Particular                                           Material cost   Conversion cost

Completed and transferred out units        150,000           150,000

Work in process at the end of the month  10,000            2,500

Equivalent units per material               160,000            152,500

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Cost per equivalent unit                       $2.325            $4.004

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Work in process at the end of the month conversion cost =25,000 × 10÷100

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Material Cost per equivalent unit = 372,000 ÷ 160,000

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Conversion Cost per equivalent unit = 610,750 ÷ 152,500

= $4.004

6 0
3 years ago
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<h3>What makes an effective electronic resume?</h3>

On an electronic resume might be provided in a distinct keyword section or integrated into the text. All text should be positioned to the left and in a plain typeface. Underlining, bolding, italics, and bullets should be avoided since they can cause problems with older OCR software.

Thus, Option D would be the false statement about electronic resumes.

For more information about Electronic resume refer to the link:

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7 0
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