Homework Answers
Answer
| Questions | ANSWERS |
| 1 | Cash provided/used by Financing activities |
| 2 | Cash provided/used by Financing activities |
| 3 | Cash provided/used by Operating activities |
| 4 | Not a Cash Flow |
| 5 | Not a Cash Flow |
| 6 | Cash provided/used by Investing activities |
| 7 | Cash provided/used by Operating activities |
| 8 | Cash provided/used by Financing activities |
| 9 | Cash provided/used by Operating activities |
| 10 | Cash provided/used by Investing activities |
| 11 | Cash provided/used by Financing activities |
| 12 | Cash provided/used by Investing activities |
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10. Statement of cash flows. For each event listed below. select the appropriate category which describes...
For each event listed below, select the appropriate category which describes the effect of the event...
For each event listed below, select the appropriate category which describes the effect of the event on a statement of cash flows. Use the abbreviations provided. Operating activities (O). Investing activities (I). Financing activities (F). Noncash activity (N). __a. Repayment of long-term debt ____ b. Amortization expense on patents ____ c. Sale of goods on account ____ d. Cash dividend payment to investors ____ e. Issuance of stock to acquire land ____ f. Sale of securities (long-term) ____ g. Payment...
Using the codes below, indicate how each item will affect a Statement of Cash Flows. You...
Using the codes below, indicate how each item will affect a Statement of Cash Flows. You may use a code more than once or not at all. Code Effect OA Added to net income in the operating section OS Subtracted from net income in the operating section IR Cash receipt in the investing section IP Cash payment in the investing section FR Cash receipt in financing section FP Cash payment in financing section N Non-cash investing and/or financing activity Record...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
Which of the following should be shown on a statement of cash flows under the financing...
Which of the following should be shown on a statement of cash flows under the financing activities section? the proceeds from the sale of a building the purchase of a long-term investment in the common stock of another company the payment of cash to retire a long-term note the issuance of a long-term note to acquire land
the following are typical classifications used in the statement of cash flows for apple co. a...
the following are typical classifications used in the statement
of cash flows for apple co.
a Operating cash inflow. b. Operating cash outflow. (add to Net Income) (deduct from Net Income) c. Investing cash inflow. d. Investing cash outflow. e. Financing cash inflow. f Financing cash outflow. Required: For each 2019 event listed below, select the appropriate category which a nect the appropriate category which describes the effect of the event on Aquinas Co.'s indirect method statement of cash flows:...
E 4-12 Statement of cash flows: classifications • L04-8 The statement of cash flows classifies all...
E 4-12 Statement of cash flows: classifications • L04-8 The statement of cash flows classifies all cash inflows and outflows into one of the three categories shown below and lettered from a through c. In addition, certain transactions that do not involve cash are reported in the state- ment as noncash investing and financing activities, labeled d. a. Operating activities b. Investing activities c. Financing activities d. Noncash investing and financing activities CHAPTER 4 The Income Statement, Comprehensive Income, and...
I need help with this accounting homework assignment. Exercise 3: Statement of Cash Flows Required: Indicate...
I need help with this accounting homework assignment.
Exercise 3: Statement of Cash Flows Required: Indicate where each of the following would appear on a Statement of Cash Flows prepared using the direct method for the operating section: A. Cash flows from operating activities B. Cash flows from investing activities c. Cash flows from financing activities D. Schedule of significant noncash investing and financing activities E. Would not appear on a statement of cash flows prepared under the direct method...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Investing and Financing Activities NOT affecting cash A list of items that appear on the Cash Flows Statement appear below: Using the letters (A-D), indicate in which section(s) of the statement of cash flows (or accompanying schedule) the preceding items would most likely be classified A Investing and Financing Activities NOT affecting cash B. Cash Flows...
Below is an example of a statement of cash flows. Explain the indirect method and how...
Below is an example of a statement of cash flows. Explain the indirect method and how the cash is moving within this company. What are the differences between the indirect and direct method? Statement of Cash Flows Indirect Method For the Year Ending 12/31/2015 Cash Flows from Operating Activities: Net income Add (deduct items) not affecting cash: Depreciation expense Gain on sale of equipment 43,987 2,150 (150) (3,500) 2,800 45,287 Increase in accounts payable Net cash provided by operating activities...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
Listed below are several transactions. For each transaction, indicate whether the cash effect of each transaction is reported in a statement of cash flows as an operating, investing, financing, or noncash activity. Also, indicate whether the transaction is a cash inflow or cash outflow, or has no effect on cash. The first answer is provided as an example. Transaction Type of Activity Operating Cash Inflow or Outflow Cash outflow Financing Investing 1. Payment of employee salaries 2. Sale of land...
the following are typical classifications used in the statement
of cash flows for apple co.
a Operating cash inflow. b. Operating cash outflow. (add to Net Income) (deduct from Net Income) c. Investing cash inflow. d. Investing cash outflow. e. Financing cash inflow. f Financing cash outflow. Required: For each 2019 event listed below, select the appropriate category which a nect the appropriate category which describes the effect of the event on Aquinas Co.'s indirect method statement of cash flows:...
E 4-12 Statement of cash flows: classifications • L04-8 The statement of cash flows classifies all cash inflows and outflows into one of the three categories shown below and lettered from a through c. In addition, certain transactions that do not involve cash are reported in the state- ment as noncash investing and financing activities, labeled d. a. Operating activities b. Investing activities c. Financing activities d. Noncash investing and financing activities CHAPTER 4 The Income Statement, Comprehensive Income, and...
I need help with this accounting homework assignment.
Exercise 3: Statement of Cash Flows Required: Indicate where each of the following would appear on a Statement of Cash Flows prepared using the direct method for the operating section: A. Cash flows from operating activities B. Cash flows from investing activities c. Cash flows from financing activities D. Schedule of significant noncash investing and financing activities E. Would not appear on a statement of cash flows prepared under the direct method...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Investing and Financing Activities NOT affecting cash A list of items that appear on the Cash Flows Statement appear below: Using the letters (A-D), indicate in which section(s) of the statement of cash flows (or accompanying schedule) the preceding items would most likely be classified A Investing and Financing Activities NOT affecting cash B. Cash Flows...
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