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 December 31, Year 1, Briand Co. paid cash and recognized interest expense on bonds it had issued at face value on January 1, Year 1.AssetsLiabilitiesStk. EquityRevenuesExpensesNetStmt. of ?IncomeCash Flows???????
What will be an ideal response?
(D) (NA) (D) (NA) (I) (D) (D)
The payment of cash and recognition of interest expense decreases assets (cash) and decreases stockholders' equity (retained earnings). It increases expenses (interest expense), which decreases net income. The cash payment for interest is reported as a cash outflow for operating activities on the statement of cash flows.
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Indirect ambush marketing occurs when:
A) firms intentionally design advertising or marketing campaigns to capitalize on a major sporting event B) a brand is associated with a major sporting event without any intentional or indirect effort on the part of the brand C) a brand suggests or hints it is associated with a major sporting event when it is not D) consumers are enticed to look at a product by individuals without the individuals realizing the person making the sales pitch is being paid or compensated by the brand
Disclosing personal information about oneself is often a cultural factor.
Answer the following statement true (T) or false (F)
If 75% of consumers are aware of Ace Motors' newly launched line of hybrid cars called the Opus, and 45% of that group likes the product's benefit, and 44% of that group finds the price acceptable, and 51% of that group intends to buy the product in
their local market, and 75% of that group actually purchase the product from Ace Motors and its dealers, then the market share index for the Opus is ________. A) 1.2% B) 3.6% C) 5.7% D) 7.5% E) 12.9%
Jeremy holds 14.5% shares of stock in an automobile company. As per the company norms, if the company issues new stock, as an existing stockholder, Jeremy can buy 14.5% of the new shares before the stock is offered to the other investors of the company. Which of the following common stockholder rights does this scenario exemplify?
A. A prima facie right B. Tag-along right C. A preemptive right D. Right to a residual claim on assets