Select Transactions of SimBis Accounting Inc

question 57

Essay

Select transactions of SimBis Accounting Inc.(SAI)are listed below.SAI uses the indirect method to determine cash flows from operating activities.
1.SAI purchases a $200,000,45-day Treasury bill held-for-trading investment.
2.SAI amortizes $32,000 of the discount on bonds payable.
3.At year-end SAI increases its allowance for bad debts by $10,000.
4.SAI's income tax expense totaled $40,000.Its income tax payable account increased $5,000,while its deferred income tax liability account decreased $8,000.
5.SAI acquires equipment valued at $80,000 under a finance lease.
6.SAI makes payments of $15,000 on an operating lease.
7.SAI declares and distributes a stock dividend valued at $33,000.
8.SAI declares a cash dividend of $30,000.The dividends payable account increases $15,000.
9.SAI's comprehensive income for the year totaled $200,000 consisting of $150,000 net income and $50,000 other comprehensive income.
10.SAI sells a held-to-maturity investment for $22,000.The investment's amortized cost is $20,000.
Required:
Discuss how the activities listed above would be reported in the statement of cash flows.For items with multiple reporting options,identify all available options.For items not reported on the statement of cash flows,indicate the disclosure requirements,if any.

Identify the characteristics and effects of both intrinsic and extrinsic motivation.

Understand the significance of self-perception in motivation and behavior.

Recognize the importance of the delay of gratification and how it relates to goal achievement.

Appreciate the role of cultural influences and individual differences in food selection and eating habits.

---

Definitions:

Tractor Spring Brake

A braking system used in heavy vehicles like tractor-trailers, which utilizes spring pressure for parking and emergency brake applications.

Service Braking

Refers to the primary braking system used for normal vehicle deceleration and stopping.

Park Braking

A mechanical system designed to lock a vehicle's wheels when parked to prevent it from rolling.

Brake Drum Nominal Dimension

The manufacturer's specified dimension of a brake drum before wear, used as a reference for service limits and replacements.