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Harrizon [31]
3 years ago
12

A-2-Z Design Services engaged in the following significant activities during the year: The company issued common stock for $250,

000. Management expects to use the proceeds to purchase land next year. A new office building was purchased by issuing a $700,000 long-term note payable to the seller. A-2-Z acquired equipment from one of its suppliers. In exchange, A-2-Z offers to provide design services to its supplier over the next two years. The services are valued at $90,000. Determine the impact of each transaction on cash flows from investing and financing activities in the current year.
Business
1 answer:
Wittaler [7]3 years ago
7 0

Answer:

The company issued common stock for $250,000. Management expects to use the proceeds to purchase land next year.

  • Cash flows from financing activities increased by $250,000. Cash flows from investing activities are not affected during this year (they should decrease next year).

A new office building was purchased by issuing a $700,000 long-term note payable to the seller.

  • Cash flows from financing activities increased by $700,000. Cash flows from investing activities decrease by $700,000.

A-2-Z acquired equipment from one of its suppliers. In exchange, A-2-Z offers to provide design services to its supplier over the next two years. The services are valued at $90,000.

  • Cash flows from financing and investing activities are not affected since this transaction is part of operating activities.
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In the above scenario, Jasmine and Joshua were discussing about the cost of the products that are produced in their manufacturing plants. They were discussing about the marginal cost and fixed cost.

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The correct answers are letter "A", "B", "C", "D", and "E".

Explanation:

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According to Erik Erikson, in late adulthood, the individual reaches the eighth and final stage of the life span in which one re
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