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Accounting Expert Answers & Study Resources : Page 257

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61) Cash paid to a municipality for property taxes would appear in the: A) investing activities section B) financing activities section C) operating activities section D) would not appear on the cash flow statement 62) Cash paid to employees for wages would appear in the: A) investing activities section B) financing activities section C) operating activities section D) would.

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  • 61) Cash paid to a municipality for property taxes would
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141) State whether each event below should be classified as an operating activity, investing activity, financing activity, shown in a separate schedule or note of noncash investing and financing activities, or not disclosed on the cash flow statement. _______________  a) Paid for merchandise purchased on account _______________   b) Received stock dividends _______________   c).

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  • 141) State whether each event below should be classified as
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  Match the following. A) operating activity B) investing activity C) noncash investing and financing activities D) financing activity E) indirect method 129) Highly liquid short-term investments that can be converted to cash with little delay 130) Format of the operating activities section of the cash flow statement that lists the major categories of operating cash receipts and.

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  •   Match the following. A) operating activity B) investing activity C) noncash investing and
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146) The following selected data for Ryder Corporation for the year ended December 31, 2010, are available to you for preparing the cash flow statement: Cost of goods sold$56,500Sales revenue$97,300 Amortization expense14,100Interest revenue4,100 Income tax expense2,300Dividend revenue3,600 Other operating expenses17,700Salary expense24,000 Loss on sale of investments1,400Interest expense5,900 Gain on sale of property,       plant, and equipment7,200 The.

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  • 146) The following selected data for Ryder Corporation for the
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145) As the accountant at O'Donnell Industries, you are responsible for preparing the cash flow statement. You have decided to prepare the statement using the direct method and have gathered the following data from the accounting records: Payment of long-term debt$200,000 Collections on accounts receivable210,600 Acquisition of equipment by issuing          long-term note payable85,000 Interest.

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  • 145) As the accountant at O'Donnell Industries, you responsible for
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147) Eastern Corporation purchased 225,000 Western Corporation common shares on January 2, 2010, for $540,000. Western Corporation has 600,000 shares outstanding. Western Corporation earned net income of $360,000 and paid dividends of $100,000 during 2010. a) What method should be used to account for the Western Corporation investment? b) How much revenue.

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  • 147) Eastern Corporation purchased 225,000 Western Corporation common shares January
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143) Rona Inc. gathered the following data from its accounting records for the year ended December 31, 2010: Amortization expense$ 15,900 Payment of income taxes 24,500 Collections of accounts receivable 167,200 Purchase of company's own common shares 40,000 Declaration of stock dividend65,000 Loss on sale of property, plant, and equipment8,400 Collection of dividend revenue13,800 Payments of salaries.

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  • 143) Rona Inc. gathered the following data from its accounting
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151) Using the following data, prepare the operating activities section of a cash flow statement for Richie Corporation for the year ended December 31, 2010, using the indirect method. Increase in salary payable$ 1,500 Decrease in accounts payable2,000 Increase in accounts receivable3,500 Net income95,600 Decrease in inventory5,800 Increase in prepaid expenses1,200 Amortization expense-equipment5,500 Amortization expense-buildings 7,500 Gain on sale.

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  • 151) Using the following data, prepare the operating activities section
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  Match the following. A) controlling interest B) non-controlling interest C) equity method D) Short-term investments E) hedging F) joint venture G) the ratio of a country's imports to its exports H) amortized cost I) subsidiary company J) marketable securities K) parent company L) consolidated statements M) long-term investments 121) Financial statements of the parent company plus those of majority-owned subsidiaries as if the combination.

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  •   Match the following. A) controlling interest B) non-controlling interest C) equity method D) Short-term
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51) The purchase of office equipment for cash would appear in the: A) investing activities section B) financing activities section C) operating activities section D) operating activities section or the financing activities section 52) The cash received from the sale of office equipment for cash would appear in the: A) investing activities section B) financing activities section C).

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  • 51) The purchase of office equipment for cash would appear
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71) Which of the following items would be reported as an operating activity? A) purchase of land B) payment of interest C) payment of dividends D) sale of common shares 72) All of the following are considered investing activities except: A) making loans to others B) purchasing equipment C) receipt of dividends D) sale of land 73) Activities that create.

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  • 71) Which of the following items would be reported as
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