Indicate how each event affects the elements of financial statements. Use the following letters to record your answer in the box shown below each element. You do not need to enter amounts.Increase = IDecrease = DNo Effect = NWalker Co. issued common stock for $150,000 cash.AssetsLiabilitiesEquityRevenuesExpensesNet IncomeCash Flow???????
What will be an ideal response?
(I) (N) (I) (N) (N) (N) (I)
Issuing common stock is an asset source transaction that increases the business's assets (cash) and its stockholders' equity (common stock). It does not affect the income statement, but is reported as a cash flow from financing activities in the statement of cash flows.
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Which of the following correctly pairs the type of packaging with its description?
A. primary packaging: the material that is mixed with the contents of a product B. secondary packaging: outer wrappings that envelop and protect tertiary packages C. tertiary packaging: protects products during transportation and bulk handling D. security packaging: packaging used to secure goods from theft
_____ are assumed to be granted willingly, so a forceful, accusatory tone is inappropriate.?
A) ?Persuasive claims B) ?Inductive claims C) ?Routine claims D) ?Relational claims
Which of the following refers to a scenario in which courts will impose liability due to negligent design?
A) A reasonable person concluding that the warning labels were simply inadequate. B) A reasonable person concluding that despite any warnings given with the product, the risk of harm outweighed the utility of the product as designed. C) A reasonable person concluding that the utility of the product as designed outweighed the risk of harm. D) A reasonable person concluding that the product's design violated statutory duties.
A firm following the _____ makes payment of a specific dollar dividend each year or periodically increases the dividend at a constant rate.?
A. ?free cash flow hypothesis B. ?residual dividend policy C. ?constant payout ratio dividend policy D. ?stable, predictable dividend policy E. ?extra dividend policy