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leonid [27]
3 years ago
10

Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reporte

d in the statement, if at all. Assume that net income is reported as $90,000.(a) Accounts receivable increased from $34,000 to $39,000 from the beginning to the end of the year.(b) During the year, 10,000 shares of preferred stock with a par value of $100 per share were issued at $115 per share.(c) Depreciation expense amounted to $14,000, and bond premium amortization amounted to $5,000.(d) Land increased from $10,000 to $30,000.
Business
1 answer:
Mashcka [7]3 years ago
4 0

Answer:

(a) Operating activity

(b) Financing activity

(c) Operating activity

(d) Investing activity

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

So,

(a) Increase in accounts receivable come under the operating activities, and this is to be in a negative amount

(b) Issue of preference shares comes under financing activity, and this is added while computing the financing activities

(c) The depreciation expenses are added in the net income whereas the bond premium amortization is to be deducted from the net income. These both items have come under operating activities

(d) An increase in land value comes under the investing activity.

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frez [133]
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3 years ago
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Stock J has a beta of 1.26 and an expected return of 13.46 percent, while Stock K has a beta of .81 and an expected return of 10
Oxana [17]

Answer:

J = 0.422

K = 0.58

Explanation:

When a portfolio is said to have risk that is equal to market, this means that the beta is equal to 1.

Let us define the weight of stock J = x

Let us define the Weight of stock K = (1-x)

To get the The Beta of portfolio = (x*1.26) + ((1-x)*0.81) = 1

When we open the brackets,

1.26x + 0.81 - .81x = 1

1.26x-0.81x = 1-0.81

0.45x = 0.19

To get x we divide through by 0.45

X = 0.422

Therefore the Weight of stock J = 0.422

Then the Weight of stock K = 1 - 0.422 = 0.578

Approximately 0.58

5 0
2 years ago
When an item is purchased ,money is exchanged for the to.......
kaheart [24]

Answer:

When an item is purchased ,money is exchanged for the to.......

Explanation:

When an item is purchased ,money is exchanged for the to.......

4 0
2 years ago
Read 2 more answers
The spread or difference that results when product price exceeds average total cost determines
Illusion [34]
Profitability

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4 0
3 years ago
A company began its operations on April 1 of the current year. Budgeted sales for the first three months of business are $250,00
Mariana [72]

Answer:

Total cash collection May= $306,000

Explanation:

Giving the following information:

Sales:

April= $250,000

May= $320,000

June= $410,0000

The company expects to sell 50% of its merchandise for cash. Of sales on account, 60% are expected to be collected in the month of the sale, 40% in the month following the sale.

<u>Cash collection May:</u>

Sales on cash May= 320,000*0.5= 160,000

Sales on Account May= (160,000*0.6)= 96,000

Sales on Account April= (250,000*0.5)*0.4= 50,000

Total cash collection May= $306,000

8 0
2 years ago
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