For each transaction listed below, select the appropriate ca…
For each transaction listed below, select the appropriate cash flow category (or categories) that describes the effect of the event on a statement of cash flows: Operating activities Investing activities Financing activities Not a CF cash flow [1____] Payment on long-term debt [2____] Issuance of bonds at a premium [3____] Collection of accounts receivable [4____] Cash dividends declared [5____] Issuance of stock to acquire land [6____] Sale of available-for-sale securities (long-term) [7____] Payment of employees’ wages [8____] Issuance of common stock for cash [9____] Payment of income taxes [10____] Purchase of equipment [11____] Purchase of treasury stock (common) [12____] Sale of real estate held as a long-term investment
Read DetailsInformation available before the issuance of the financial s…
Information available before the issuance of the financial statements indicates that it is probable that, at the date of the financial statements, a liability has been incurred for obligations related to product warranties. The liability involved can be reasonably estimated. Based on the above facts, an estimated loss contingency should be
Read Details