Indicate which of the following has an effect on financing cash flows.
a. Notes payable with a carrying value of $16,600 are retired for $18,400 cash, resulting in a $1,800 loss.
b. Paid cash dividends of $12,600 to common stockholders.
c. Acquired $21,600 worth of machinery in exchange for common stock.
Items Amount Effect on financing cash flows
a. Notes payable
b. Dividends
c. Machinery
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Indicate which of the following has an effect on financing cash flows. a. Notes payable with a carrying value of $16,600 are retired for ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The following accounts, in alphabetical order, were selected from recent financial statements of Krispy Kreme Doughnuts, Inc.
Answers (1)
In its recent income statement, Smith Software Inc. reported paying $12 million in dividends to common shareholders, and in its year-end balance sheet, Smith reported $333 million of retained earnings.
Answers (1)
SDJ, Inc., has net working capital of $2,135, current liabilities of $5,320, and inventory of $2,470. SDJ, Inc., has net working capital of $2,135, current liabilities of $5,320, and inventory of $2,470. a.
Answers (1)
In 1968 president Johnson announced: A. That he was switching political parties. B. That he wound not seek reelection. C. That the Vietnam war was over. D. That he would resign.
Answers (1)
What are in-kind benefits? the process used to produce a good or service goods and services provided for free or at greatly reduced prices the benefits only provided to people over the age of 65
Answers (2)
New Questions in Business
A merchandising company's sales budget indicates the following sales: January: $30,000; February: $20,000; March: $15,000. The company expects 80% of the sales to be on account.
Answers (1)
A calendar year reporting company preparing its annual financial statements should use the phrase "at december 31, 2016" in the heading of which financial statements?
Answers (1)
The adjusting entry to adjust supplies was omitted at the end of the year. This would affect the income statement by having a. expenses understated and therefore net income overstated b. revenues understated and therefore net income understated c.
Answers (1)
Incomplete manufacturing costs, expenses, and selling data for two different cases are as follows.
Answers (1)
Hard Rock Mining is a mineral mining company. The CEO of Hard Rock Mining died last month. The news led to a short-term decline in the company's stock price, but the price bounced back after the company announced its increased quarterly earnings.
Answers (1)