The Following Selected Financial Statement Information Is for Palmer and Associates

question 44

Essay

The following selected financial statement information is for Palmer and Associates.
$\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { December } 31$ $\begin{array}{lrr}&2017&2016\\\text { Bonds payable } & \$ 500,000 & \$ 400,000 \\\text { Common stock } & 850,000 & 740,000 \\\text { Retained earnings } & 600,000 & 520,000\end{array}$

The following activities occurred during 2017:
Issued bonds for $100,000 cash.
Issued common stock for $110,000 cash.
Earned net income totaling $88,000.
Paid cash dividends totaling $8,000.
(1)Prepare the financing activities section of the statement of cash flows for Palmer and Associates for the year ended December 31,2017.
(2)Explain the change in each noncurrent liability and owners' equity account.

Understand the concept of electrical resonance in LC circuits.

Calculate apparent power in RLC parallel circuits.

Understand and apply the concept of power factor correction.

Understand the basic principles and functions of different types of electronic filters.

---

Definitions:

Genetics

The scientific study of heredity and the variation of inherited characteristics.

Cerebral Cortex

The outer layer of the brain, involved in complex functions such as thought, perception, and memory.

Hypothalamus

A region of the brain responsible for the regulation of certain metabolic processes and other activities of the autonomic nervous system, including temperature, hunger, and thirst regulation.

Thalamus

A vital brain structure acting as the main relay station between the cerebral cortex and the rest of the nervous system.