The major classifications of activities reported in the statements 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. reporting 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

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)