The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. classify each of the transactions listed below as: 1. operating activity-add to net income. 2. operating activity-deduct from net income. 3. investing activity. 4. financing activity. 5. reported as significant noncash activity.
the transactions are as follows. (a) issuance of capital stock (b) purchase of land and building (c) redemption of bonds (d) sale of equipment (e) depreciation of machinery (f) amortization of patent (g) issuance of bonds for plant assets (h) payment of cash dividends (i) exchange of furniture for office equipment (j) purchase of treasury stock (k) loss on sale of equipment (l) increase in accounts receivable during the year (m) decrease in accounts payable during the year

Which of the following is most likely to lead to a general decrease in wages? a. elastic demand b. public goods c. an economic recovery d. immigration 2b2t

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

The cutting department of cassel company has the following production and cost data for july. production costs 1. transferred out 12,300 units. beginning work in process $0 2. started 3,900 units that are 60% materials 62,856 complete as to conversion labor 12,622 costs and 100% complete as manufacturing overhead 23,100 to materials at july 31. materials are entered at the beginning of the process. conversion costs are incurred uniformly during the process. determine the equivalent units of production for (1) materials and (2) conversion costs. materials conversion costs total equivalent units of production link to text link to text compute unit costs. (round unit costs to 2 decimal places, e.g. 2.25.) materials $ conversion costs $ link to text link to text prepare a cost reconciliation schedule. (round unit costs to 2 decimal places, e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.) cost reconciliation costs accounted for transferred out $ work in process, july 31 materials $ conversion costs total costs $