Wine History
Brief Exercise 1-3 | | Your answer is correct. |
Indicate in which part of the statement of cash flows each item would appear: operating activities, investing activities, or financing activities. (a) | | Operating activities | | Cash received from customers. | | | | | | (b) | | Financing activities | | Cash paid to stockholders (dividends). | | | | | | (c) | | Financing activities | | Cash received from issuing new common stock. | | | | | | (d) | | Operating activities | | Cash paid to suppliers. | | | | | | (e) | | Investing activities | | Cash paid to purchase a new office building. |
Brief Exercise 1-6 | | Your answer is correct. |
Eskimo Pie Corporation markets a broad range of frozen treats, including its famous Eskimo Pie ice cream bars. The following items were taken from a recent income statement and balance sheet.
In each case, identify whether the item would appear on the balance sheet or income statement. (a) | | Income Statement | | Income tax expense | | | | | | (b) | | Balance Sheet | | Inventories | | | | | | (c) | | Balance Sheet | | Accounts payable | | | | | | (d) | | Balance Sheet | | Retained earnings | | | | | | (e) | | Balance Sheet | | Property, plant, and equipment | | | | | | (f) | | Income Statement | | Net sales | | | | | | (g) | | Income Statement | | Cost of goods sold | | | | | | (h) | | Balance Sheet | | Common stock | | | | | | (i) | | Balance Sheet | | Receivables | | | | | | (j) | | Income Statement | | Interest expense | Brief Exercise 1-7 | | Your answer is correct. |
Indicate which statement you would examine to find each of the following items: income statement, balance sheet, retained earnings statement, or statement of cash flows. (a) | | Income statement | | Revenue during the period. | | | | | | (b) | | Balance sheet | | Supplies on
Indicate in which part of the statement of cash flows each item would appear: operating activities, investing activities, or financing activities. (a) | | Operating activities | | Cash received from customers. | | | | | | (b) | | Financing activities | | Cash paid to stockholders (dividends). | | | | | | (c) | | Financing activities | | Cash received from issuing new common stock. | | | | | | (d) | | Operating activities | | Cash paid to suppliers. | | | | | | (e) | | Investing activities | | Cash paid to purchase a new office building. |
Brief Exercise 1-6 | | Your answer is correct. |
Eskimo Pie Corporation markets a broad range of frozen treats, including its famous Eskimo Pie ice cream bars. The following items were taken from a recent income statement and balance sheet.
In each case, identify whether the item would appear on the balance sheet or income statement. (a) | | Income Statement | | Income tax expense | | | | | | (b) | | Balance Sheet | | Inventories | | | | | | (c) | | Balance Sheet | | Accounts payable | | | | | | (d) | | Balance Sheet | | Retained earnings | | | | | | (e) | | Balance Sheet | | Property, plant, and equipment | | | | | | (f) | | Income Statement | | Net sales | | | | | | (g) | | Income Statement | | Cost of goods sold | | | | | | (h) | | Balance Sheet | | Common stock | | | | | | (i) | | Balance Sheet | | Receivables | | | | | | (j) | | Income Statement | | Interest expense | Brief Exercise 1-7 | | Your answer is correct. |
Indicate which statement you would examine to find each of the following items: income statement, balance sheet, retained earnings statement, or statement of cash flows. (a) | | Income statement | | Revenue during the period. | | | | | | (b) | | Balance sheet | | Supplies on