HW_3+%2B+Additional+problem

HW_3+%2B+Additional+problem - Exercise 4-12 Earnings per...

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Exercise 4-12 Earnings per share: Income from continuing operations $5.00 Loss from discontinued operations (1.60) Extraordinary gain 2.20 Net income $5.60 Exercise 4-15 1. b Purchase of equipment for cash. 2. a Payment of employee salaries. 3. a Collection of cash from customers. 4. c Cash proceeds from a note payable. 5. b Purchase of common stock of another corporation for cash. 6. c Issuance of common stock for cash. 7. b Sale of machinery for cash. 8. a Payment of interest on note payable. 9. d Issuance of bonds payable in exchange for land and building. 10. c Payment of cash dividends to shareholders. 11. c Payment of principal on note payable.
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Exercise 4-16 Bluebonnet Bakers Statement of Cash Flows For the Year Ended December 31, 2011 Cash flows from operating activities: Collections from customers $ 380,000 Interest on note receivable 6,000 Purchase of inventory (160,000) Interest on note payable (5,000) Payment of salaries (90,000 ) Net cash flows from operating activities $131,000 Cash flows from investing activities: Collection of note receivable 50,000 Sale of investments 30,000 Purchase of equipment (85,000 ) Net cash flows from investing activities (5,000) Cash flows from financing activities:
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HW_3+%2B+Additional+problem - Exercise 4-12 Earnings per...

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