University:
College
Course:
College Accounting
Academic year:

2019
Views:

473

Pages:

3
Author:

McGowanfgu

PRE-QUIZ- CHAPTER 12 CHAPTER TWELVE INSTRUCTIONS: Selected changes in various corporate accounts during a fiscal year are described below . By the use of x's, indicate the section of the statement of cash• flows (indirect method) in •which the change is reported. • If the item described Is not reported, so indicate. Section of Statement of Cash Flows 0. Merchandise Inventory-net increase .................................. 1. Retained Earnings-debit for stock dividends distributed .... 3. Bonds Payable-debit for redemption of bonds ................... Operating Investing Financing Non-cash Activities Activities Activities Office Supplies-net decrease ............................................. - 6. Retained Earnings-debit for net loss .................................. ·+ ,,,,,.-- 7. Purchased stock in another company .................................. 8. Bonds Payable-credit for issuance for cash ....................... 9. Retained Earnings-debit for cash dividends paid ............... 10. 11. -1- ✓ v,,. '\✓ -tv·r 5. Accounts Receivable-net decrease ••••••••••••••••••••••••••••••••••• 1/ v·t Equipment-credit for items sold ·······-························-········ it :��:c��t��:�d��:��.�.�- - .��-1��--······ ,,._ v ...+ 1/ \l;(A- 1' (jL 1 1. -- 2, -3. -- 5. -- 7. 8. --- 10. --· 4. --· 6. -- v,,,+ ,,.,..,- 9. -- {/ NI l .pn �v\J· (oSSes- Scoring 0. X 2. Common Stock-credit for issuance at par for cash ............ 4. Activities For 11. --