Indicate how each event affects the elements of the financial statements. Use the following letters to record your answer in the box shown below each element. Use only one letter for each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NA(Note that "No Effect" means that the event does not affect that element of the financial statements or that the event causes an increase in that element and is offset by a decrease in that same element.) On January 1, Year 1, Briand Co. issued $200,000 of bonds payable at 98. AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
(I) (I) (NA) (NA) (NA) (NA) (I)
Issuing bonds at a discount increases assets (cash), increases liabilities (bonds payable), and decreases liabilities (by increasing the discount on bonds payable, a contra liability account). The net effect on liabilities is an increase (since the face value of the bonds exceeds the discount). The cash received is reported as a cash inflow for financing activities on the statement of cash flows.
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Planned investments and cash dividends are deducted from ________ to arrive at free cash flow.
A) net cash provided by operating activities B) net cash provided by investing activities C) net cash provided by financing activities D) net income
Jackson-Pruitt Enterprises, a manufacturer of medical devices, is extremely concerned that the Federal Communications Commission is considering imposing new restrictions on advertising for some of the products manufactured by Jackson-Pruitt. Which force in the marketing environment does this best reflect?
What are the “The Three Foes of Self-Management”? Based on your own experiences, which of these are the biggest problems?
What will be an ideal response?
A proxy fight is an attempt by a group to overthrow the current management team and take control of a business by soliciting stockholders' proxy votes.
Answer the following statement true (T) or false (F)