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rjkz [21]
3 years ago
15

An analysis of comparative balance sheets, the current year’s income statement, and the general ledger accounts of Hailey Corp.

uncovered the following items. Assume all items involve cash unless there is information to the contrary. Indicate where each item should be presented in the statement of cash flows (indirect method) using these four major classifications: operating activity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect method), investing activity, financing activity, or significant noncash investing and financing activity. (a) Exchange of land for patent. select an option (b) Sale of building at book value. select an option (c) Payment of dividends. select an option (d) Depreciation. select an option (e) Conversion of bonds into common stock. select an option (f) Issuance of capital stock. select an option (g) Amortization of patent. select an option (h) Issuance of bonds for land. select an option (i) Purchase of land. select an option (j) Loss on disposal of plant assets. select an option (k) Retirement of bonds.
Business
1 answer:
kap26 [50]3 years ago
4 0

Answer: Please refer to Explanation

Explanation:

I shall list the section of the Cash Flow statement that the following should be apportioned to in bold after the statement.

OPERATING ACTIVITY , INVESTING ACTIVITY, FINANCING ACTIVITY, or SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITY.

(a) Exchange of land for patent. SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITY.

(b) Sale of building at book value. INVESTING ACTIVITY

(c) Payment of dividends. FINANCING ACTIVITY

(d) Depreciation. OPERATING ACTIVITY

(e) Conversion of bonds into common stock. SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITY.

(f) Issuance of capital stock. FINANCING ACTIVITY

(g) Amortization of patent. OPERATING ACTIVITY

(h) Issuance of bonds for land. SIGNIFICANT NON-CASH INVESTING AND FINANCING ACTIVITY.

(i) Purchase of land. INVESTING ACTIVITY.

(j) Loss on disposal of plant assets. OPERATING ACTIVITY

(k) Retirement of bonds. FINANCING ACTIVITY.

If you need any more clarification do comment. Cheers.

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During the deep recessions of the early 1980s and of 2007-2009, unemployment reached roughly __________.
RUDIKE [14]

when the nation went through a deep recession in the early 1980s and 2007-2009, the unemployment rate reached A. 10%.

<h3>what was the unemployment rate in 2007-2009?</h3>

after the disastrous Great Recession started in late 2007, companies were forced to terminate people's contracts to stay afloat.

this led to unemployment reaching levels of around 10% of the labor force. This had not been seen in the U.S. since the early 1980s.

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5 0
2 years ago
The following credit sales are budgeted by Swifty Corporation:
Genrish500 [490]

Answer:

$458,000

Explanation:

April

$460,000 x .70 = $322,000

March

$520,000 x .2 = $104,000

February

$400,000 x .08 = $32,000

Addition of APRIL+MARCH+FEBRUARY

$322,000 + $104,000 + $32,000

= $458,000

Therefore the anticipated cash inflow for the month of April is $458,000

3 0
3 years ago
What is one way we know about what accounting in the ancient world was like?
Degger [83]

Answer:

b

Explanation:

7 0
2 years ago
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The consumer price index (CPI) can be used to measure inflation. There are potential problems with this process though that can
DIA [1.3K]

Answer:

a. Overstates Inflation.

In the case of Mary and Bob, the CPI would have already increased but in this case the price of the minivan increased as well. This will overstate inflation because it will not measure the general rise in price alone (inflation), it will also measure the rise in price as a result of the new minivan having better features.

b. Understated Inflation

Donna's case represents an understated inflation because the quantity shrank yet the price stayed the same. This means that the price is now buying less quantity than it used to which is inflation because more dollars are now required to buy the previous amount. This was not however recorded as there was no change in price.

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In the case of Zach, the inflation will be overstated because Zach is no longer buying bagels and is now buying muffins so continuing to use bagels as a representative good in the basket of goods used to calculate CPI would be overstating it.

d. Accurate representation of Inflation

In Chris's case, the increase in the price of the same shoe over the years has been because of a general rise in prices and not because it is a different model. It is the same shoe and its price is rising generally so this is an accurate depiction of inflation.

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3 years ago
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Answer:

TRUE

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