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10 terms

accounting exam 4

STUDY
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Financing cash flow activities:
Long term liability and equity accounts: selling stock, issuing bonds, notes and mortgages, purchasing treasury stock, paying dividends, repaying principal
Operating cash flow activities:
Current Asset and Liability accounts: Selling goods and services, dividend revenue, interest revenue, inventory purchase, salaries, taxes, interest, and other expenses
Investing cash flow activities:
Long term Asset accounts: sale of plant assets(land, equipment, buildings), sale of investments, collection of loans, purchase of plant assets, purchasing investments, lending funds
Effect of Stock Dividends on RE:
Decrease by value of stock
Effect of Stock Dividends on Contributed Capital:
Increase by value of stock
Effect of Stock Dividends on Total SE:
No change
Current Liabilities:
Accounts payable, wages payable
Current Assets:
Cash, Accounts Recievable, Inventory, Pre paid expenses, inventory
Long Term Assets:
Land, Equipment, Accumulated Depreciation
Long Term Liabilities:
Bonds Payable, common stock, additional paid in capital, retained earnings