Question

In: Accounting

For each of the following items, indicate whether it would be classified as an (O) operating...

For each of the following items, indicate whether it would be classified as an (O) operating activity, an (I) investing activity, a (F) financing activity, or a significant (N) noncash investing or financing activity.

__________Received cash dividends from an investment in the stock of another corporation.

__________Received interest from an investment in the bonds of another corporation.

__________Purchase of land for cash.

__________Purchased a building in exchange for common stock.

__________Purchased treasury stock.

__________Paid interest on a note payable.

__________Collected accounts receivable from customers.

__________Issued bonds payable for cash.

__________Paid wages to employees.

__________Issued stock for cash.

__________Sold equipment for cash.

__________Purchased land in exchange for a note payable.

__________Paid cash dividends.

__________Signed a note payable in exchange for cash.

__________Paid cash to settle an accounts payable balance.

Expert Solution

ekkarill92 answered 1 year ago

1. For each of the following items, indicate whether it would be classified as an (O)...

1. For each of the following items, indicate whether it would be classified as an (O) operating activity, an (I) investing activity, a (F) financing activity, or a significant (N) noncash investing or financing activity. __________Received cash dividends from an investment in the stock of another corporation. __________Collected accounts receivable from customers. __________Issued bonds payable for cash. __________Paid wages to employees. __________Issued stock for cash. __________Sold equipment for cash. __________Purchased land in exchange for a note payable. __________Paid cash...

1.) Indicate whether each of the following items would result in net cash flow from operating...

1.) Indicate whether each of the following items would result in net cash flow from operating activities being higher (H) or lower (L) than net income. a.) Decrease in accounts payable. b.) Depreciation expense. c.) Decrease in inventory. d.) Gain on sale of assets. e.) Increase in accounts receivable. f.) Increase in deferred tax liabilities. g.) Decrease accrued liabilities. h.) Increase in prepaid expenses. i.) Increase in deferred revenue. j.)...

Indicate whether each of the following costs of a cabinet manufacturer would be classified as direct...

Indicate whether each of the following costs of a cabinet manufacturer would be classified as direct materials cost, direct labor cost, factory overhead cost, or period cost. Plant manager’s salary _______________________________ Office administrative assistant’s salary _____________________________ Depreciation on factory equipment ________________________________ Rent on office building _______________________________ Varieties of wood ______________________________ Varnish for costing cabinets _______________________________ Utilities cost on the factory _______________________________ Cabinet assembly worker’s salary ________________________________ Advertising costs ________________________________ Screws and glue used in assembly process ____________________________

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Buddy’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Prime Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Buddy’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead, or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Vinny’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead, or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Vinny’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A Indicate whether each of the following costs would be classified as direct materials, direct labour, manufacturing overhead, or period cost. (1 Mark each) Cost of grapes purchased by a winery Depreciation on pizza ovens of a pizza restaurant Salary of a plant manager in a computer production facility Depreciation of computers used in a sales department Wages of drill-press operators in a manufacturing plant Part B Vinny’s Pizza is famous for making Margherita pizzas and delivers pizzas to...

Indicate whether each of the following is a start-up cost (S), an ongoing operating cost (O),...

Indicate whether each of the following is a start-up cost (S), an ongoing operating cost (O), or both (B). Remember that start-up costs include the initial period of operations as well. Type of expense a. $1,000 for first month's rent b. $25,000 for store fixtures c. $1,000 for third month’s rent d. Weekly cleaning fee of $250 e. Purchase of $50,000 inventory f. Payroll expense g. $50,000 for T.V. advertising

Question

For each of the following items, indicate whether it would be classified as an (O) operating...

Solutions

Expert Solution

Related Solutions

1. For each of the following items, indicate whether it would be classified as an (O)...

1.) Indicate whether each of the following items would result in net cash flow from operating...

Indicate whether each of the following costs of a cabinet manufacturer would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Part A (5 Marks) Indicate whether each of the following costs would be classified as direct...

Indicate whether each of the following is a start-up cost (S), an ongoing operating cost (O),...