State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $290,000 of bonds, on which there was $2,900 of unamortized discount, for $302,000.
Sold 7,000 shares of $20 par common stock for $40 per share.
Sold equipment with a book value of $52,900 for $76,200.
Purchased land for $371,000 cash.
Purchased a building by paying $56,000 cash and issuing a $120,000 mortgage note payable.
Sold a new issue of $300,000 of bonds at 98.
Purchased 6,800 shares of $30 par common stock as treasury stock at $59 per share.
Paid dividends of $2.00 per share. There were 21,000 shares issued and 3,000 shares of treasury stock.

Which of the following is intended to demonstrate to an employer the importance of cooperating with workers? a. a collective agreement. b. a stock offer. c. a boost in production. d. a work slowdown. 2b2t

At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)

Exercise 6-2 variable costing income statement; explanation of difference in net operating income [lo6-2] ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $970. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 200 units sold 180 units in ending inventory 20 variable costs per unit: direct materials $ 130 direct labor $ 300 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 63,000 fixed selling and administrative $ 25,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 174,600 cost of goods sold 139,500 gross margin 35,100 selling and administrative expense 27,700 net operating income $ 7,400 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing.