2,017
17
Essay, 1 pages (250 words)

Acc 206 complete course material essay

ACC 206 Complete Course MaterialACC 206 Week 1 Assignment Chapter One ProblemsWhy are noncash transactions, such as the exchange of common stock a building, included on a statement of cash flows? How are these noncash transactions disclosedChapter 1 Exercise 1: 1. Classification of activitiesClassify each of the following transactions as arising from an operating (O), investing (I), financing (F), or noncash investing/financing (N) activity. a. ________ Received $80, 000 from the sale of land. b.

________ Received $3, 200 from cash sales. c. ________ Paid a $5, 000 dividend. d. ________ Purchased $8, 800 of merchandise for cash.

e. ________ Received $100, 000 from the issuance of common stock. f. ________ Paid $1, 200 of interest on a note payable. g. ________ Acquired a new laser printer by paying $650.

h. ________ Acquired a $400, 000 building by signing a $400, 000 mortgage note. Chapter 1 Exercise 4: 4. Overview of direct and indirect methods Evaluate the comments that follow as being True or False. If the comment is false, briefly explain why.

a. Both the direct and indirect methods will produce the same cash flow from operating activities. b. Depreciation expense is added back to net income when the indirect method is used. c. One of the advantages of using the direct method rather than the indirect method is that larger cash flows from financing activities will be reported.

d. The cash paid to suppliers is normally disclosed on the statement of cash flows when the indirect method of statement preparation is employed. e. The dollar change in the Merchandise Inventory account appears on the statement of cash flows only when the direct method of statement preparation is…

Thank's for Your Vote!
Acc 206 complete course material essay. Page 1
Acc 206 complete course material essay. Page 2
Acc 206 complete course material essay. Page 3

This work, titled "Acc 206 complete course material essay" was written and willingly shared by a fellow student. This sample can be utilized as a research and reference resource to aid in the writing of your own work. Any use of the work that does not include an appropriate citation is banned.

If you are the owner of this work and don’t want it to be published on AssignBuster, request its removal.

Request Removal
Cite this Essay

References

AssignBuster. (2021) 'Acc 206 complete course material essay'. 8 December.

Reference

AssignBuster. (2021, December 8). Acc 206 complete course material essay. Retrieved from https://assignbuster.com/acc-206-complete-course-material-essay/

References

AssignBuster. 2021. "Acc 206 complete course material essay." December 8, 2021. https://assignbuster.com/acc-206-complete-course-material-essay/.

1. AssignBuster. "Acc 206 complete course material essay." December 8, 2021. https://assignbuster.com/acc-206-complete-course-material-essay/.


Bibliography


AssignBuster. "Acc 206 complete course material essay." December 8, 2021. https://assignbuster.com/acc-206-complete-course-material-essay/.

Work Cited

"Acc 206 complete course material essay." AssignBuster, 8 Dec. 2021, assignbuster.com/acc-206-complete-course-material-essay/.

Get in Touch

Please, let us know if you have any ideas on improving Acc 206 complete course material essay, or our service. We will be happy to hear what you think: [email protected]