BUSINESS HIGH SCHOOL

Kiley Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction is an operating activity, investing activity, financing activity, or non-cash 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. E) Sold a long-term investment with a cost of $15,000 for $15,000 cash. F) Collected $16,000 from sale of goods.G) Paid $18,000 to suppliers.

Answers

Answer 1
Answer:

Explanation:

The cash flow statement includes three types of activities which are listed below:

1. Operating activities: This involves all transactions that after net income impact the working capital. It would subtract the rise in current assets and a reduction in current liabilities, while adding the decline in current assets and an increase in current liabilities.

It would moderate those shifts in working capital. For addition, the depreciation cost is applied to the net income, and the loss on asset sales is added while the benefit on asset sales is deducted

2. Investing activities:  it tracks operations that include buying and selling long-term properties. The buying is a cash outflow whereas the sale is a cash inflow

3. Financing operations or activities : it monitors transactions that have an impact on long-term debt and equity balance of shareholders. Share issue is cash inflow while redemption and dividend is cash outflow.

So, the categorization is shown below:

A) Purchased a machine for $30,000, giving a long-term note in exchange. = non-cash investing and financing activity as it does not involved any cash transaction

B) Issued $50,000 par value common stock for cash = Cash inflow and come under the financing activities

C) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. = non - cash financing activities as it does not involved any cash transaction

D) Declared and paid a cash dividend of $13,000.= Cash outflow and come under the  financing activities

E) Sold a long-term investment with a cost of $15,000 for $15,000 cash. = Cash inflow and come under the  investing activities

F) Collected $16,000 from sale of goods = Cash inflow and come under the  operating activities

G) Paid $18,000 to suppliers = Cash outflow and come under the  investing activities


Related Questions

MIDDLE SCHOOL

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Answers

Answer: Because investing in Mutual Funds less risky because it is diversification and professionally managed where as a company's stock is not.

Answer:

on plato it is B Mutual funds hold a diversified portfolio of stocks.

Explanation:just did it on a test

HIGH SCHOOL

Each of these is an element in composing potentially successful goals. Select all that apply.

time-bound
measurable
special
relevant

Answers

Answer:

The correct options are A, B and D.

Explanation:

SMART approach is used in Business to compose potentially successful goals. SMART approach is used to check that where the goal is standing at the moment. SMART is used as an acronym. S stands for specific, M stands for measurable, A stands for Achievable, R stands for Relevant and T stands for Time bound. So in this question, option A, B and D are the ones which act as the element in composing potentially successful goals according to SMART approach.  

Special.

The S.M.A.R.T goal method stands for

Specific (not special)

Measurable

Attainable/Achievable

Relevant

Time-bound  

HIGH SCHOOL

Which of the following are debt collectors allowed to do when they’re attempting to collect debts? A.

Call you late at night


B.

Contact you at home


C.

Contact you at work


D.

Change the amount of your debt

Answers

The answer is B. Contact you at home 

A. and C. are both invasions of privacy and D. is illegal.

Have good day! =)

Answer:

B. contact you at home

Explanation:

edge 22

HIGH SCHOOL

A local candidate running for office would very much like to have your vote. She promises that she will "make the country better." Because all candidates for public office say this, you decide not to vote for her. Marketing will not occur in this situation because____________.

Answers

Answer:

The correct answer is letter "D": something to exchange is missing.

Explanation:

Marketing refers to all the efforts companies and individuals make to promote their goods or services. One of the functions of marketing is being a bridge between what a consumer wants and what companies or individuals can provide. In that scenario an exchange takes place.

Thus, as the candidate is not offering something you are looking for, there is no exchange in between being that the reason why you did not vote for her.

HIGH SCHOOL

The example approval form in the activity shows that A.)MOST HOA REQUIREMENTS ARE VERY GENERAL
B.) HOAS MOSTLY LET PEOPLE MAKE THEIR OWN DESIGN DECISIONS
C.) IT'S NOT NECESSARY TO DISCUSS EXTERIOR PAINTING PROJECTS WITH AN HOA
D.) MOST HOA REQUIREMENTS ARE QUITE SPECIFIC

Answers

D hope this helps!!
I just took the test and the answer is D. Most HOA requirements are quite specific. I hope this helps :)
COLLEGE

From the ledger balances below, prepare a trial balance for Cullumber Company at June 30, 2017. All account balances are normal.Accounts Payable $8,750, Cash $8,000, Common Stock $22,800, Dividends $2,550, Equipment $18,050, Service Revenue $7,750, Accounts Receivable $4,750, Salaries and Wages Expense $3,200, Rent Expense $2,750.

Answers

Explanation:

The preparation of the trial balance is presented below:

                                       Cullumber Company

                                           June 30, 2017

                                              Trial Balance  

Particulars                                   Debit                                      Credit  

Service revenue                                                                         $7,750

Cash                                           $8,000

Accounts Payable                                                                       $8,750

Common stock                                                                            $22,800

Dividend                                      $2,550                                                

Equipment                                   $18,050

Rent  expense                             $2,750

Salaries and wages expense      $3,200

Accounts receivable                   $4,750

Total                                             $39,300                                  $39,300

HIGH SCHOOL

You have $21,600 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14.3 percent and Stock Y with an expected return of 8.1 percent. Your goal is to create a portfolio with an expected return of 12.5 percent. All money must be invested. How much will you invest in Stock X? Select one: a. $18,273 b. $19,208 c. $14,600 d. $15,800 e. $15,329

Answers

Answer:

e. $15,329

Explanation:

Total amount = 21,600

weight of stock X = wX

weight of stock Y = (1-wX)

Stock X return (rX) = 14.3% or 0.143 as a decimal

Stock Y return (rY) = 8.1% or 0.081 ''  "

Portfolio return (rP ) = 12.5% or 0.125  " "

Portfolio return = wX*rX + wY*rY

rP = (wX* 0.143) + (1-wX)*0.081

0.125 = 0.143wX + 0.081 - 0.081wX

0.125 - 0.081 =0.062wX

0.044 = 0.062wX

Divide both sides by 0.062 to solve for weight of X; wX

wX =0.7097 or 70.97%

To find the amount invested in stock X , multiply the above percentage by the total available amount;

=0.7097 *21,600

= $15,329.52

COLLEGE

Transactions for the Monty Company, which provides welding services, for the month of June are presented below. June 1 Monthly invests $3, 910 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipment on account for 340. 3 $760 cash is paid to landlord for June rent. 12 Bills P. Leonard $410 after completing welding work done on account. Journalize the transactions.

Answers

Answer:

Transactions:

1. June 1 Monthly invests $3, 910 cash in exchange for shares of common stock in a small welding business.

2. June 2 Purchases equipment on account for 340.

3. June 3 $760 cash is paid to landlord for June rent.

4. June 12 Bills P. Leonard $410 after completing welding work done on account.

Journal Entries:

1.

June 1              Dr.      Cr.

Investment   $3,910

Cash                          $3,910

2.

June 2              Dr.      Cr.

Equipment     $340

Account Payable       $340

3.

June 3                Dr.        Cr.

Rent Expense   $3,760

Cash                               $3,760

4.

June 12                                Dr.        Cr.

P. Leonard (Receivable)     $410

Welding Service Revenue              $410

HIGH SCHOOL

Cheyanne, the regional manager of a global sales organization, gives freedom to the sales representatives on the amount spent on gifts for prospective Asian and European customers. Cheyanne is managing for_______. A. global standards
B. ethical standards
C. global diversity
D. dilemma resolution
E. international politics

Answers

Answer:

(B). Ethical standards

Explanation:

Ethical standards within an organization are standards set by the organization that employees are expected to abide by.

They include values such as integrity, respect, trust, honesty, loyalty.

Abiding by these ethical standards bring about employee and customer satisfaction.

By giving freedom to sales representatives on the amount spent on gifts for Asian and European customers, Cheyanne is managing for Ethical standards.

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