Suppose Zenon Co. issued a long-term bond and received $250,000 cash from the issuance during 2015. The company also issued 12,000 shares of common stock for $260,000. At the end of the year, Zenon paid $165,000 for the dividend declared last year. What would be the net impact of these transactions on Zenon's 2015 statement of cash flows under US GAAP?
a) $510,000 would be shown as an increase in the Financing Section and the $165,000 would be shown as a decrease in the Operating Section.
b) $260,000 would be shown as an increase in the Financing Section and the $250,000 would be shown as an increase in the Investing Section.
c) $345,000 would be shown as an increase in the Financing Section.
d) $260,000 would be shown as an increase in the Financing Section, the $250,000 would be shown as an increase in the Investing Section, and the $165,000 would be shown as a decrease in the Operating Section.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose Zenon Co. issued a long-term bond and received $250,000 cash from the issuance during 2015. The company also issued 12,000 shares ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What should you do when you have a customer that is frequently complaining about your company, products, or services?
Answers (1)
Jake, yolanda, william, liam, and matthew are members of a highly successful consulting partnership. ella wants to join the partnership and bring her management skills. jake, yolanda, william, and liam want ella to be partner.
Answers (1)
According to the assumptions of the quantity theory of money, "if the money supply decreases by 7 percent, then" a. nominal and real GDP would fall by 7 percent. b. nominal GDP would fall by 7 percent; real GDP would be unchanged. c.
Answers (1)
If you lived in Great Britain and wanted to buy one euro, how much would it cost? less than a pound more than a pound exactly one pound about eight pounds
Answers (2)
Which one of these statements is true concerning the price-earnings (pe) ratio?
Answers (1)
New Questions in Business
Rules of Debit and CreditThe following table summarizes the rules of debit and credit. Indicate whether the proper answer is a debit or a credit.
Answers (1)
Around which latitude (s) would you expect to find rainforests, and why? (you may enter up to 150 characters.)
Answers (1)
An investor would like to invest $60,000 in two stocks from a list of six suggested by a broker. how many investments are possible if the investor wants to invest $50,000 in one stock and the rest in another
Answers (1)
Hubbard Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-day. During January, the kennel budgeted for 2,100 tenant-days, but its actual level of activity was 2,060 tenant-days.
Answers (1)
Explain how to determine gross profit on an income statement by selecting the correct statement below. Cost of goods sold is added to net sales. Cost of goods sold is added to sales discounts. Sales is subtracted from cost of goods sold.
Answers (1)