ACCT HW 12 - E12-1 Correct. Rensing Corporation had these...

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E12-1
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Correct. Rensing Corporation had these transactions during 2010. Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities. (a) Purchased a machine for $30,000, giving a long-term note in exchange. noncash (b) Issued $50,000 par value common stock for cash. financing (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. noncash (d) Declared and paid a cash dividend of $18,000. financing (e) Sold a long-term investment with a cost of $15,000 for $15,000 cash. investing (f) Collected $16,000 of accounts receivable. operating (g) Paid $18,000 on accounts payable. operating E12-3 Correct. The information in the table is from the statement of cash flows for a company at four different points in time (A, B, C, and D). Negative values are presented in parentheses. For each point in time, state whether the company is most likely characterized as being in the introductory phase, growth phase, maturity phase, or decline phase. Point in Time A B C D Cash provided by operations $(60,000) $30,000 $120,000 $(10,000)
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Cash provided by investing (100,000) 25,000 30,000 (40,000) Cash provided by financing 70,000 (110,000) (50,000) 120,000 Net income (40,000)
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This note was uploaded on 07/02/2011 for the course ACCT 201 A taught by Professor Hoffman during the Spring '11 term at CSU Fullerton.

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ACCT HW 12 - E12-1 Correct. Rensing Corporation had these...

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