A company borrows $10,000 and signs a 90-day nontrade note payable. In preparing a statement of cash flows (indirect method) this event would be reflected as a(n)
A statement of cash flows typically would not disclose the effects of.
When preparing a statement of cash flows (indirect method) which of the following is not an adjustment to reconcile NI to net cash provided by operating activities?
Declaration of a cash dividend on common stock affects cash flows from operating activities under the direct and indirect methods as flows:
Xanthe Corp had the following transactions occur in the current years. Which ones were investing activities?
Which of the following would be classified as a financing activity on a statement of cash flows?
The amortization of bond premium on long term debt should be presented in a statement of cash flows (indirect method for operating activities) as a(n)
Crabbe company reported 80,000 of selling and admin expesnes on its income. Company had depreciation expesne and an increase in prepaid expense. Assume use of the direct method. How would these be handled when converting the accrual based selling to cash basis?
When preparing a statement of cash flows, a decrease in accounts receivable during a period would cause which one of the following adjustments in determining cash flows from operating activities?
When preparing a statement of cash flows, an increase in accounts payable during a period would require which of the following adjustments in determining cash flows from operating activities?
Which of the following statements is correct?
When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is added to net income to compute cash provided by/used by operating activities?
Dolan Company reports its income from investments under the equity method and recognized income of $25,000 from its investment in Moss Co. during the current year, even though no dividends were declared or paid by Moss during the year. On Dolan's statement of cash flows (indirect method) the $25,000 should?
Which of the following is shown on a statement of cash flows?
How should the FASB Statement No. 95
when the cash proceeds from a bond issued with detachable stock warrants exceed the sum of the par value of the bonds and the fair market value of the warrants, the excess should be credited to
Proceeds from an issue of debt securities having stock warrants should not be allocated between debt and equity features when
A corporation issues bonds with detachable warrants. The amount to be recorded as paid-in-capital is preferably
The major difference between convertible debt and stock warrants is that upon exercise of the warrants
Which of the following is not a characteristic of a noncompensatory stock option plan?
Lang Co. issued bonds with detachable common stock warrants. Only the warrants had a known market value. The sum of the fair value of the warrants and the face amount of the bonds exceeds the cash proceeds. This excess is reported as...
In computing earnings per share for a simple capital structure, if the preferred stock is cumulative, the amount that should be deducted as an adjustment to the numerator (earnings) is the...
What effect will the acquisition of treasury stock have on stockholders' equity and earnings per share, respectively?
When applying the treasury stock method for diluted earnings per share, the market price of the common stock used for the repurchase is the...
A company changes from % of completion to completed-contract, which is the method used for tax purposes. The entry to record this change should include a...
Stone Company changed its method of pricing inventories from FIFO to LIFO, What type of accounting change does this represent?
When a company decides to switch from the Double Declining balance method to the straight line method, this change should be handled as a...
Est. life of a building has been depreciated 30 years from an estimated life of 50 years...has been revised to a remaining life of 10 years, The accountant should...
Which of the following statements is correct?
Which of the following describes a change in reporting entity?
Presenting consolidated financial statements this year when statements of individual companies were presented last year is..
An example of a correction of an error in previously issued financial statements is a change...
A company using a perpetual inventory system neglected to record a purchase of merchandise. How will it affect assets, liabilities and SHE...
If, at the end of a period, a company erroneiously excluded some goods from its ending inventory and also erroneously did not record the purchase of these goods in its accounting records, these errors would cause...
The primary purpose of the statement of cash flows is to provide information..
The conversion of bonds is most commonly recorded by the
When a bond issuer offers some form of additional consideration (a sweetner) to induce conversion, the sweetner is accounted for as an
Corporations issue convertible debt for two main reasons. One is the desire to raise equity capital that, assuming conversion, will arise when the original debt is converted. The other is...
The conversion of preferred stock into common requires that any excess of the par value of the common shares issued over the carrying amount of the preferred being converted should be...