Solved

Indicate on the Blanks Below the Letter of the Type

Question 147

Matching

Indicate on the blanks below the letter of the type of activity (operating activity,financing activity,investing activity,noncash transaction)each of the following transactions represents.

Premises:

Responses:

Collected proceeds from the sale of a long-term investment at cost.

investing activity

Declared stock dividends.

financing activity

Purchased equipment with cash.

operating activity

Exchanged shares of stock for 15-year bonds.

noncash transaction

Paid off long-term debt with cash.

Acquired land and buildings by issuance of long-term mortgage payable.

Paid the U.S.Treasury for income taxes.

Company sold shares of its own stock for cash.

Declared and paid cash dividends.

Received interest income.

Premises:

Collected proceeds from the sale of a long-term investment at cost.

Declared stock dividends.

Purchased equipment with cash.

Exchanged shares of stock for 15-year bonds.

Paid off long-term debt with cash.

Acquired land and buildings by issuance of long-term mortgage payable.

Paid the U.S.Treasury for income taxes.

Company sold shares of its own stock for cash.

Declared and paid cash dividends.

Received interest income.

Responses:

investing activity

financing activity

operating activity

noncash transaction

Correct Answer:

Premises:

Responses:

Collected proceeds from the sale of a long-term investment at cost.

Declared stock dividends.

Purchased equipment with cash.

Exchanged shares of stock for 15-year bonds.

Paid off long-term debt with cash.

Acquired land and buildings by issuance of long-term mortgage payable.

Paid the U.S.Treasury for income taxes.

Company sold shares of its own stock for cash.

Declared and paid cash dividends.

Received interest income.

Related Questions

Q138: For 20x5,Devers Enterprises had average total assets

Q139: Ralston Company's cash balance at December 31,20x5,was

Q140: The activity from the Long-Term Investments account

Q141: The following information relates to Royale Enterprises

Q142: For 20x5,Sahara Company had average total assets

Q143: Use the following information to obtain the

Q144: The following 20x5 information relates to Taylor,Inc.:

Q145: The activity in the Plant Assets and

Q146: Indicate on the blanks below the letter

Q148: Houston Shoe Co.is preparing a statement of

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

Scan the QR code to install the App and get 2 free unlocks

Unlock quizzes for free by uploading documents