Homework Answers
| a. Cash receipts from customers for services rendered | Operating |
| b. Sale of long-term investments for cash | Investing |
| c. Acquisition of plant assets for cash | Investing |
| d. Payment of income taxes | Operating |
| e. Bonds payable issued for cash | Financing |
| f. Payment of cash dividends declared in previous years | Financing |
| g. Purchases of short-term investments (not cash equivalents) for cash. | Investing |
Add Answer to:
Classification of Cash Flows For each of the items below, indicate whether the cash flow item...
CLASSIFICATION OF CASH FLOWS The accountant for Delta Ltd prepared the following statement of cash flows....
CLASSIFICATION OF CASH FLOWS The accountant for Delta Ltd
prepared the following statement of cash flows.
The managers were worried that investors would be displeased by
the negative operating cash flow and that the company’s share price
might fall as a result. One manager suggested that the interest
paid and interest received might be classified as financing cash
flows and investing cash flows respectively, so that the company’s
cash flow would look better.
Required 1. Calculate the net cash flows...
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...
Each of the items below must be considered in preparing a statement of cash flows for...
Each of the items below must be considered in preparing a statement of cash flows for Baskerville Co. for the year ended December 31, 2020. For each item, state how it should be shown in the statement of cash flows for 2020 if the indirect method is used, (a) Issued bonds for $200,000 cash. (b) Purchased equipment for $150,000 cash. (c) Sold land costing $20,000 for $20,000 cash. (d) Declared and paid a $50,000 cash dividend. Submit Answer Save for...
For each of the items below, indicate whether it is (1) a cash flow from an...
For each of the items below, indicate whether it is (1) a cash flow from an operating activity, (2) a cash flow from an investing activity, (3) a cash flow from a financing activity, (4) a noncash investing and financing activity, or (5) none of the above. a. Paid cash to retire bonds payable at a loss. b. Received cash as settlement of a lawsuit. c. Acquired a patent in exchange for common stock. d. Received advance payments from customers...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank loan f. Interest...
che QE 6-9 Statement of Cash Flow The following is a Statement of Cash Flows for...
che QE 6-9 Statement of Cash Flow The following is a Statement of Cash Flows for the risk management internal service fund of the City of Wrightville. An inexperienced accountant prepared the statement using the FASB format rather than the format required by GASB. All long-term debt was issued to purchase capital assets. The transfer from the General Fund was to establish the internal service fund and provide the initial working capital necessary for operations. CITY OF WRIGHTVILLE Risk Management...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing,...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank...
QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either operating,...
QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Paid cash for property taxes on building. 2. Received cash dividends from investments. 3. Paid accounts payable with cash. 4. Sold stock investments for cash. 5. Paid cash for a building. 6. Cash paid to purchase long-term investments. 7. Received cash from long-term debt issuance. Issued preferred stock for cash. 9. Issued common stock for cash....
Classifying Cash Flows Identify whether each of the following would be reported as an operating, investing,...
Classifying Cash Flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Retirement of bonds payable b. Purchase of inventory for cash c. Cash sales d. Repurchase of common stock e. Payment of accounts payable f. Disposal of equipment Classifying Cash Flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Purchase...
Below is a firm's cash flow statement. What are its operating cash flows, financing cash flows...
Below is a firm's cash flow statement. What are its operating cash flows, financing cash flows and operating + investing cash flows? Net loss $ (2,221) Depreciation and amortization 375 Impairment charges 427 Merchandise inventories 1,213 Merchandise payables (526) Other operating assets (649) Net cash used in operating activities (1,381) Proceeds from sales of property and investments 386 Purchases of property and equipment (142) Net cash provided by investing activities 244 Proceeds from debt issuances 1,962 Increase (decrease) in short-term...
CLASSIFICATION OF CASH FLOWS The accountant for Delta Ltd
prepared the following statement of cash flows.
The managers were worried that investors would be displeased by
the negative operating cash flow and that the company’s share price
might fall as a result. One manager suggested that the interest
paid and interest received might be classified as financing cash
flows and investing cash flows respectively, so that the company’s
cash flow would look better.
Required 1. Calculate the net cash flows...
Each of the items below must be considered in preparing a statement of cash flows for Baskerville Co. for the year ended December 31, 2020. For each item, state how it should be shown in the statement of cash flows for 2020 if the indirect method is used, (a) Issued bonds for $200,000 cash. (b) Purchased equipment for $150,000 cash. (c) Sold land costing $20,000 for $20,000 cash. (d) Declared and paid a $50,000 cash dividend. Submit Answer Save for...
Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank loan f. Interest...
che QE 6-9 Statement of Cash Flow The following is a Statement of Cash Flows for the risk management internal service fund of the City of Wrightville. An inexperienced accountant prepared the statement using the FASB format rather than the format required by GASB. All long-term debt was issued to purchase capital assets. The transfer from the General Fund was to establish the internal service fund and provide the initial working capital necessary for operations. CITY OF WRIGHTVILLE Risk Management...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank...
QS 12-1 Transaction classification by activity LO C1 Classify the following cash flows as either operating, investing, or financing activities assume indirect method. 1. Paid cash for property taxes on building. 2. Received cash dividends from investments. 3. Paid accounts payable with cash. 4. Sold stock investments for cash. 5. Paid cash for a building. 6. Cash paid to purchase long-term investments. 7. Received cash from long-term debt issuance. Issued preferred stock for cash. 9. Issued common stock for cash....
Most questions answered within 3 hours.
-
Starting from rest, a car accelerates at a constant rate of 2.6
m/s2 for a time...
asked 45 seconds ago -
Is oxygen difluoride polar or nonpolar?
nonpolar
polar
ionic
none of the above
asked 4 minutes ago -
A pharmaceutical company wants to answer the question whether
time for a drug in pill form...
asked 3 minutes ago -
) Assume that in the market for widgets, demand is highly
elastic compared to supply. If...
asked 14 minutes ago -
Why is a personal interview the most important step in the sales
selection process? What are...
asked 24 minutes ago -
In Python rOverlap (x1, y1, w1, h1, x2, y2, w2, h2) A rectangle
is axis-aligned if...
asked 24 minutes ago -
If we observe in a protein solution that DNA is causing a
mixture 260/280 ratio ~0.9,...
asked 34 minutes ago -
Explain the steps involved in making cDNA from mRNA, and how you
would create a cDNA...
asked 34 minutes ago -
A beta (β) particle is described by which of the following?
Select the correct answer below:...
asked 37 minutes ago -
A new machine costs $150,000, lasts 10 years, has an annual
O&M cost of $50,000, and...
asked 40 minutes ago -
A newspaper in a large Midwestern city reported that the
National Association of Realtors said that...
asked 42 minutes ago -
1. Develop a use case diagram for the bank case study described
in Chapter 1. 2....
asked 52 minutes ago