The Following Transactions Apply to Baird Corporation

question 13

Essay

The following transactions apply to Baird Corporation.
1)Issued common stock for $40,000 cash.
2)Provided services to customers for $32,000 on account.
3)Borrowed $30,000 on September 1 at 8% interest with a one year term.
4)Purchased land for $32,000 cash.
5)Paid $22,000 for operating expenses.
6)Collected $28,000 cash from customers.
7)Recorded interest on the note payable at year end.
8)Paid $4,000 dividends to stockholders.
Required:
a)Identify the effect on the statement of cash flows for each of the above transactions.Include the amount and the type of cash flow activity.Cash payments should be entered with a minus sign.
b)Classify the above accounting events into one of four types of transactions (asset source,asset use,asset exchange,claims exchange).

Recognize the importance of preventive services and the disadvantages of seeking routine care at emergency departments.

Understand the importance and basics of ISO 9000 standards in the global business context.

Identify the key aspects and benefits of quality control in business operations.

Recognize the principles and benefits of continuous improvement strategies in organizations.

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Definitions:

Professions

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Civil Rights Legislation

Laws enacted to protect individuals from discrimination and ensure equal opportunity, regardless of race, religion, sex, or nationality.

Discriminating

The unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Race and Gender

The social categories and divisions based on physical characteristics of race and the biological and social distinctions between male and female.