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Vesna [10]
3 years ago
8

Classify the following items as (1) operating, (2) investing, (3) financing, or (4) significant noncash investing and financing

activities, using the direct method. (a) Cash payments to employees. (b) Redemption of bonds payable. (c) Sale of building at book value. (d) Cash payments to suppliers. (e) Exchange of equipment for furniture. (f) Issuance of preferred stock. (g) Cash received from customers. (h) Purchase of treasury stock. (i) Issuance of bonds for land. (j) Payment of dividends. (k) Purchase of equipment. (l) Cash payments for operating expenses.
Business
1 answer:
Setler [38]3 years ago
4 0

Answer:

(a) Cash payments to employees

Cash-flow classification: Operating activities

(b) Redemption of bonds payable

Cash-flow classification: Financing activities

(c) Sale of building at book value

Cash-flow classification: Investing activities

(d) Cash payments to suppliers

Cash-flow classification: Operating activities

(e) Exchange of equipment for furniture

Cash-flow classification: Significant non-cash activities

(f) Issuance of preferred stock

Cash-flow classification: Financing activities

(g) Cash received from customers

Cash-flow classification: Operating activities

(h) Purchase of treasury stock

Cash-flow classification: Financing activities

(i) Issuance of bonds for land

Cash-flow classification: Significant non-cash activities

(j) Payment of dividends

Cash-flow classification: Financing activities

(k) Purchase of equipment

Cash-flow classification: Investing activities

(l) Cash payments for operating expenses

Cash-flow classification: Operating activities

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KiRa [710]

Answer:

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Explanation:

3 0
3 years ago
10 points...........​
dedylja [7]

Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation:

Assets
=
Liabilities
+
Equity

​
Assets=Liabilities+Equity
​


With a double entry system, credits are offset by debits in a general ledger or T-account.

So debit is the answer
7 0
3 years ago
Read 2 more answers
K. Johnson, Inc.'s managers want to evaluate the firm's prior-year performance in terms of its contribution to shareholder value
jolli1 [7]

Answer:

-3 million dollars

Explanation:

we have EVA = economic value added

to ge the EVA, we use this formula :

(operating return on the assets - cost of the total capital) multiplied by the total assets

total assets = 100 million

operating return = 12 percent

cost of capital = 15 percent

the EVA = 12% - 15% * 100000000

= -0.03 * 100000000

= -3,000,000 dollars

b. The loss of the value of the shareholder is happening even though the firm is earning ROI that is more than the average firm in the industry.

3 0
3 years ago
George is a new salesperson in his firm. He is assigned to attract new buyers by visiting their homes and demonstrating the feat
motikmotik

Answer:

b.

Explanation:

Based on the scenario being described within the question it can be said that George is a creative salesperson, and is the main reason why he is so valued. This creativity allows George to come up with all the new ideas that others may not be able to come up with, and these ideas and tactics create value to the company.

4 0
3 years ago
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is starting her own accounting firm and hires , a freelance web designer who specializes in responsive design to build her busin
sasho [114]

Answer:

No, contracts for personal services are not assignable.

Explanation:

According to a different source, these are the options that come with this question:

Yes, as long as the assignment does not increases the burden on Max.

Yes, Claire can assign her obligations under the contract to anyone who accepts.

No, contracts for personal services are not assignable.

No, the assignment is not valid since Max did not give any consideration.

This is most likely not a good strategy for this woman. The fact that this woman has been hired as a freelance web designer means thta the woman is beig paid for her professional expertise. No one else can perform the job in the way that she can perform it. Therefore, she cannot assign this duty to another person.

8 0
3 years ago
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