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ACC 291 Week 5 WileyPLUS Assignment

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ACC 291 Week 5 WileyPLUS Assignment

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ACC 291 WileyPLUS Assignment: Week 5 Assignment

Resource: WileyPLUS

Complete the following Week 5 Assignment in WileyPLUS:

• Exercise 7-3

• Exercise 12-1

• Problem 12-9A

• Problem 12-10A

• IFRS 13-1

• Problem 13-2A

• BYP 13-2

Exercise 12-1

Putnam Corporation had these transactions during 2014.

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.

(b) Issued $50,000 par value common stock for cash.

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.

(d) Declared and paid a cash dividend of $13,000.

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.

(f) Collected $16,000 of accounts receivable.

(g) Paid $18,000 on accounts payable.

IFRS 13-1

Your answer is correct.

Ling Company reports the following information for the year ended December 31, 2014: sales revenue $1,000,000, cost of goods sold $700,000, operating expenses $200,000, and an unrealized gain on non-trading securities of $75,000. Prepare a statement of comprehensive income using the one-statement approach.

 

 

ACC 291 Week 5 WileyPLUS Assignment https://uoptutorialstore.com/category/acc-291/ ACC 291 WileyPLUS Assignment: Week 5 Assignment Resource: WileyPLUS Complete the following Week 5 Assignment in WileyPLUS: • Exercise 7-3 • Exercise
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