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lys-0071 [83]
2 years ago
10

The following selected transactions occur during the first year of operations. Determine how each should be reported in the stat

ement of cash flows.
1. Issued one million shares of common stock at $20 per share.
2. Paid $75,000 to suppliers for inventory.
3. Paid a dividend of $1 per share to common stockholders.
4. Loaned $50,000 to an employee and accepted a note receivable.
Business
1 answer:
svlad2 [7]2 years ago
5 0

Answer:

1. Issued one million shares of common stock at $20 per share.

The proceed of the issuance of common stock shall be taken as cash inflow in the financing activities.

2. Paid $75,000 to suppliers for inventory.

The payment made to the suppliers shall be taken as outflow in the operating activities.

3. Paid a dividend of $1 per share to common stockholders.

The payment made to common stockholders shall be taken as outflow in the financing activities.

4. Loaned $50,000 to an employee and accepted a note receivable.

The loan given to employee shall be taken as outflow in the operating activities.

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The Pioneer Company has provided the following account balances: Cash $38,000; Short-term investments $4,000; Accounts receivabl
mart [117]

Answer:

$48000

Explanation:

Given: Accounts payable $30,000;

         Accrued liabilities payable $4,000;

         Short-term notes payable $14,000.

Current Liability: It is a financial obligation of the company that need to be paid in a short period of time, within one year or within normal operating cycle.

Now, computing current liabilities from the given information.

Current liability= Account\ payable+ Accrued\ liabilities\ payable+ Short-term\ notes\ payable

⇒ Current liability=  \$ 30000+\$4000+\$ 14000

∴ Current liability=  $48000

Hence, Pioneer's total current liabilities is $48000.

6 0
3 years ago
Which of the following is the deliberate process through which someone becomes aware of personal​ skills, interests,​ knowledge,
ANTONII [103]

Answer:

Career planning

Explanation:

Career planning is self-assessment and preparation undertaken by an individual who has a decent career path. Career planning phase is a continuous process of discovering oneself, establishing career aspirations, evaluating skills and finding the best career opportunities.

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3 years ago
__________This import tax was meant to replace the earlier "Tariff of Abominations", but it was widely disliked by southern merc
mrs_skeptik [129]

Answer:

Tariff of 1832

Explanation:

The Tariff of 1832 was enacted to replace the 1828 import tariffs commonly known as Tariffs of Abomination. Most southern states did not like it, but its greatest opposition came from South Carolina since its economy depended greatly in foreign trade. Back then America's largest export was cotton produced by southern states.

Due to South Carolina's extreme opposition, it was replaced by the Compromise Tariff of 1833. This last tariff would gradually decrease the tax rates until they fell back to 1816 levels, which was approximately 20%.

The Nullification Crisis refers to a legal process carried out in South Carolina that determined that federal taxes, specifically import tariffs were unconstitutional and shouldn't apply to them. The problem is that the Supreme Court decides what is unconstitutional or not, not a state court.

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3 years ago
True/False
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<em>The answer is </em><em>FALSE.</em><em> </em>

<em>Relationship marketing is much important compared to maintaining databases of customer's information for mass marketing. A good relationship to clients can be a good promotion tool and technique compared to sending them promotional ads via email, SMS and social media sites. A word of a mouth is more powerful and personal compared to digital media. If the reputation of the company is good to some clients, then it will create good impression to other potential clients and to the people they know. If the company has a good impression, good attitude employees with good products, it will surely help to the company's revenue.</em>

5 0
3 years ago
HII I've made about 3 give aways with points and still have a bunch, but this question is asking if anyone wants to be friends?
Amiraneli [1.4K]

Answer:

ok I will send bro gg bye

5 0
3 years ago
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