? Which of the following is a fixed asset .3 )2 نقطة( Sum of money borrowed from the bank Marketable securities Shares Fixtures Which of the following situations .4 ? represents an increase in an asset (äbäi 2) Paid cash to a customer Receipt of equity shares Receipt of cash from a customer Payment of dividend to shareholders

? Which of the following is a fixed asset .3 )2 نقطة( Sum of money borrowed from the bank Marketable securities Shares Fixtures Which of the following situations .4 ? represents an increase in an asset (äbäi 2) Paid cash to a customer Receipt of equity shares Receipt of cash from a customer Payment of dividend to shareholders

Name: MAKE UP PRINCIPLES OF ACCOUNTI..->? Which of the following is a fixed
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Description: MAKE UP PRINCIPLES OF ACCOUNTI..->? Which of the following is a fixed asset .3)2 نقطة(Sum of money borrowed from thebankMarketable securitiesSharesFixturesWhich of the following situations .4? represents an increase in an asset)2 نقطة(Paid cash to a

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 20MCQ

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Which of the following shows the effects of providing services for cash on the accounting equation? Accounting Equation A. B. C. D. Assets + + Multiple Choice || || || || || = Option C Option B Option A Option D Liabilities + ΝΑ + ΝΑ ΝΑ ΝΑ + + + Stockholders' Equity ΝΑ + +
Please answer in CAPITAL LETTER IF IT IS AN INFLOW(I )OR AN OUTFLOW (O)COLUMN 1 , AND COLUMN 2 , IF IT CORRESPONDS TO OPERATINGCASHFLOW(OC),INVESTMENT ACTIVITY CASHFLOW(IC), FINANCING ACTIVITY CASHFLOW ( FC)Example: Reduce marketable securities : I OC ( "I" or "O") AND ("OC", "IC" o "FC" )Activity INFLOW " I" orOutflow "O" OPERATINGCASHFLOW(OC), INVESTMENTACTIVITY CASHFLOW(IC), FINANCINGACTIVITY CASHFLOW ( FC) 1. Purchase of treasurystock2. Purchase of availablefor sale investment 3. Sale of equipment at aloss 4. Increase in accountspayable 5. Retirement of bonds 6. Issuance of bonds 7. Decrease in accountspayable 8. Increase in inventory9. Loan from bank bysigning a note 10. Increase in accountsreceivable 11. Purchase of equipmentby issuing a note 12. Purchase of land andbuilding. 13. Decrease in accountsreceivable.14. Payment of dividends. 15.…
14. Which of the following would be classified as a financing activity on a statement of cash flows? Sale of a loan receivable Payment of interest to a creditor Payment of a bond payable Declaration and distribution of a stock dividend
Directions: Fill in the following table using the equation: ∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity. Indicate the name of the noncash asset, liability, or equity account affected by the transaction and if change in cash is classified as operating (O), investing (I), financing (F), or noncash (NC). The first line has been completed for you as an exampleItem∆Cash = - ∆Noncash Assets + ∆Liabilities + ∆Stockholders Equity1. Prepaid office rent for cash -O = - + Prepaid Rent + + 2. Sale of land held for cash = - + + 3. Cash payment of taxes payable = - + + 4. Issue preferred stock to investors for cash = - + + 5. Purchase equipment that is financed directly by the seller = - + + 6. Paid cash dividend = - + + 7. Pay notes payable = - + + 8. Pay interest payable = - + +
1. IS THE FOLLOWING STATEMENT TRUE or FALSE? “A financial security is simply a contractbetween the provider of funds and the user of these funds that clearly specifies the amount of money that hasbeen provided and the terms and conditions of how the user is going to repay the provider.”a. Trueb. False2. IS THE FOLLOWING STATEMENT TRUE or FALSE? “A share of stock represents ownership of acorporation divided up into units, so that multiple people can own a percentage of the business.”a. Trueb. False3. A consol is a bond that:a. Pays a fixed annual coupon amount, and when originally issued, is set to mature in 30 years.b. Pays a fixed annual coupon amount, and when originally issued, is set to mature in 50 years.c. Does not pay an annual coupon (i.e., the annual coupon payment is $0) but when it matures pays out thepar value of the bond.d. Pays a fixed annual coupon amount forever.e. Does not pay an annual coupon (i.e., the annual coupon payment is $0) and never matures
(a. investment banking b. insurance firms c. commercial banking d. mutual fund e. pension fund) is a transformer of short term liabilities to long term assets. e d b c a
Under IFRS regarding Financial Assets, which of the following is true? O If you hold debt until it matures and only to get cash flows from it, unrealized gains or losses are categorized as FVPL. You can decide if you want equity to be recorded as FVOCI or FVPL O You appy the business and cash flow tests for equity investments O Debt can be placed into an available for sale category
In what section of the balance sheet should the following items appear, and what balance sheet terminology would you use? a. Treasury stock (recorded at cost). b. Checking account at bank. c. Land (held as an investment). d. Sinking fund. e. Unamortized premium on bonds payable. f. Copyrights. g. Pension fund assets. h. Premium on common stock. i. Long-term investments (pledged against bank loans payable).
Which of the following is an example of a fi nancing activity on the cash fl ow statement under US GAAP? C . Payment of dividends.
The balance sheet for Tempest, Inc., is shown here in market value terms. There are 29,000 shares of stock outstanding. Market Value Balance Sheet Cash $130,000 529,750 Equity Fixed assets $659,750 Total $659,750 Total $659,750 The company has declared a dividend of $.70 per share. The stock goes ex dividend tomorrow. Ignore any tax effects. a. What is the stock selling for today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What will it sell for tomorrow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Stock price today b. Stock price tomorrow
Which of the following is included in the cash flows from financing activities section of the statement of cash flows? O A. Interest received from borrowers.O B. Purchase of stock in another company.O C. Purchase of treasury stock.O D. Interest paid to lenders.
Which of these cash flows would be classified under cash flows from financing activities? i) Cash received from sale of goodsii) Cash paid for repayment of loaniii) Cash paid for dividendsiv) Cash paid for purchase of landv) Cash received from issue of shares i, ii, and iii ii, iv and iii ii, iii and v i, iv and v