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ahrayia [7]
3 years ago
14

Kiley Corporation had these transactions during 2022. Analyze the transactions and indicate whether each transaction is an opera

ting activity, investing activity, financing activity, or noncash investing and financing activity.
a. Purchased a machine for $30,000, giving a long-term note in exchange.
b. Issued $50,000 par value common stock for cash.
c. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
d. Declared and paid a cash dividend of $13,000.
Business
1 answer:
QveST [7]3 years ago
4 0

Answer:

A. Noncash investing and financing activities

B. Financing activities

C. Noncash investing and financing activities

D. Financing activities

Explanation:

To Analyze the transactions and indicate whether each transaction is AN OPERATING ACTIVITY, INVESTING ACTIVITY, FINANCING ACTIVITY, OR NONCASH INVESTING AND FINANCING ACTIVITY

A. Based on the information given the transaction is a NONCASH INVESTING AND FINANCING ACTIVITIES

B. Based on the information given the transaction is a FINANCING ACTIVITIES

C. Based on the information given the transaction is a NONCASH INVESTING AND FINANCING ACTIVITIES

D.Based on the information given the transaction is a FINANCING ACTIVITIES

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Answer:

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What activities were restricted by laws and courts?

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Did constraints increase or decline with time?

They have decline.

Explanation:

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Which of the following would be a scientific theory? A the hypothesis that if you increase the temperature of water, then sugar
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D an explanation of why global temperatures are rising

Explanation:

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During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of
AleksandrR [38]

Answer:

Bad Debt Expense Dr. $28050        

Allowance for Uncollectible accounts Cr. $28050

Explanation:

given data

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accounts receivable = $320,000

past due = $55,000

credit balance = $2,600

rate = 7 %

rate = 22 %

solution

so here Not yet past due is = $320,000 - $55,000 -

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and

past due = $55,000

so  Required provision is

Required provision = $265,000 × 7 % + $55,000 × 22 %

Required provision = $30650

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so

Required expense for year = $30650 - $2,600

Required expense for year  = $28050

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correct entry is

Bad Debt Expense Dr. $28050        

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