Homework Answers
Ans Increase in Receivable: Use of Cash
Increase in Current Asset is decreased in Operating cash flow statement. Receivable is a current asset.
Decrease in Accounts Payable: Use of Cash
Decrease in Current liabilities is decreased in Operating cash flow statement. Accounts payable is a current liability.
Decrease in Building: Source of Cash
Since there is decrease in building, it means that the building is sold. Sales of building lead to increase in cash flow.
Increase in Common Stock: Source of Cash
Since Cash Inflow arises due to issue of common stock. Shareholders give money to the company to buy common stock.
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(4p) Use of cash 3. Determine the following changes as source of cash or use of...
please help (4p) Use of cash 3. Determine the following changes as source of cash or...
please help
(4p) Use of cash 3. Determine the following changes as source of cash or use of cash: Change Source of cash Increase in Receivables Decrease in Accounts Payable Decrease in Buildings Increase in Common Stock
13. Determine the following changes as source of cash or use of cash: (1p each, total...
13. Determine the following changes as source of cash or use of cash: (1p each, total 4p) Change Source of cash Use of cash Increase in Inventory Decrease in Accounts Payable Decrease in Plant & Equipment Increase in Common Stock 14. When testing a company's ability to meet short term liabilities, which ratio should you regard, if; (5p) a. the company has out of fashion inventories difficult to liquidate in a short time with a reasonable loss and b. the...
12. State; 8p) a. the three sources of cash flows classified in a Cash Flow Statement...
12. State; 8p) a. the three sources of cash flows classified in a Cash Flow Statement and b. comment on how a sustainable company's cash flows be. (Assuming that it is not in a sizable investment phase) 13. Determine the following changes as source of cash or use of cash: (1p each, total 4p) Change Source of cash Use of cash Increase in Inventory Decrease in Accounts Payable Decrease in Plant & Equipment Increase in Common Stock 14. When testing...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common stock Ο Acquisition of debt Ο Purchase of inventory Ο Payment to a supplier Ο Granting credit to a customer Which one of the following is a source of cash? Multiple Choice Ο Increase in accounts receivable Ο Decrease in common stock Ο Increase in fixed assets Ο Decrease in accounts payable Ο Decrease in inventory
Selected changes in various corporate accounts during a fiscal year are described below. By the use...
Selected changes in various corporate accounts during a fiscal
year are described below. By the
use of x’s, indicate the section of the statement of cash flows
(indirect or direct method) in which the change is reported.
Section of Statement of Cash Flows Operating Investing Financing Not Activities Activities Activities Reported 0. Merchandise Inventory-net increase ................. 1. Retained Earnings—debit for stock dividends distributed .... 2. Common Stock-credit for issuance at par for cash 3. Bonds Payable-debit for redemption of bonds...
Which one of the following is a source of cash? O increase in common stock O...
Which one of the following is a source of cash? O increase in common stock O decrease in retained earnings increase in accounts receivable O decrease in long-term debt Which one of the following is classified as an investment activity on the statement of cash flows? O purchase of inventory O purchase of equipment O repayment of a long-term debt O sale of common stock
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost...
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost of Goods Sold Decrease in Inventory Increase in equipment Increase in accounts payable Increase in bonds payable Depreciation expense Increase in Common Stock Increase/(Decrease) In retained earnings ($5,000) 4,000 5,000 -3,000 10,000 1,000 20.000 5,000 3,000 ($5,000) Use the following information to calculate financing cash flows: Net Income (LOSS) ($4,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in Inventory -3,000...
Partially Completed Spreadsheet Hanks Company has prepared the following changes in account balances for the spreadsheet...
Partially Completed Spreadsheet Hanks Company has prepared the following changes in account balances for the spreadsheet to support its 2016 statement of cash flows: A B C D 1 2 Increase (Decrease) Worksheet Entries 3 Account Title Debit Credit 4 Debits 5 Cash $830 6 Noncash Accounts 7 Accounts Receivable (290) 8 Inventory 1,280 9 Investments 1,550 10 Land (700) 11 Equipment 2,300 12 Patents (net) (100) 13 Total $4,870 14 Credits 15 Accumulated Depreciation $350 16 Accounts Payable 120...
Use the following information to calculate financing cash flows: Net Income (Loss) ($2,000) Increase in accounts...
Use the following information to calculate financing cash flows: Net Income (Loss) ($2,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in Inventory -3,000 Increase in equipment 10,000 Increase in accounts payable 4,000 Increase in bonds payable 10,000 Depreciation expense 3,000 Increase in Common Stock 7.000 Increase/(Decrease) In retained earnings ($5,000
Use the following income statement and information about changes in non-cash current assets and current liabilities...
Use the following income statement and information about changes in non-cash current assets and current liabilities to present the cash flows from operating activities using the indirect method. (Indicate any loss, cash outflow or deduction in cash with a minus sign.) Kelly Gold Inc. Income Statement For Year Ended May 31, 2017 Sales Cost of goods sold $2,700 1,364 $1,336 Gross profit Operating expenses: Depreciation expense Other expenses $ 214 1,070 1,284 Total operating expenses Loss on sale of long-term...
please help
(4p) Use of cash 3. Determine the following changes as source of cash or use of cash: Change Source of cash Increase in Receivables Decrease in Accounts Payable Decrease in Buildings Increase in Common Stock
13. Determine the following changes as source of cash or use of cash: (1p each, total 4p) Change Source of cash Use of cash Increase in Inventory Decrease in Accounts Payable Decrease in Plant & Equipment Increase in Common Stock 14. When testing a company's ability to meet short term liabilities, which ratio should you regard, if; (5p) a. the company has out of fashion inventories difficult to liquidate in a short time with a reasonable loss and b. the...
12. State; 8p) a. the three sources of cash flows classified in a Cash Flow Statement and b. comment on how a sustainable company's cash flows be. (Assuming that it is not in a sizable investment phase) 13. Determine the following changes as source of cash or use of cash: (1p each, total 4p) Change Source of cash Use of cash Increase in Inventory Decrease in Accounts Payable Decrease in Plant & Equipment Increase in Common Stock 14. When testing...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common stock Ο Acquisition of debt Ο Purchase of inventory Ο Payment to a supplier Ο Granting credit to a customer Which one of the following is a source of cash? Multiple Choice Ο Increase in accounts receivable Ο Decrease in common stock Ο Increase in fixed assets Ο Decrease in accounts payable Ο Decrease in inventory
Selected changes in various corporate accounts during a fiscal
year are described below. By the
use of x’s, indicate the section of the statement of cash flows
(indirect or direct method) in which the change is reported.
Section of Statement of Cash Flows Operating Investing Financing Not Activities Activities Activities Reported 0. Merchandise Inventory-net increase ................. 1. Retained Earnings—debit for stock dividends distributed .... 2. Common Stock-credit for issuance at par for cash 3. Bonds Payable-debit for redemption of bonds...
Which one of the following is a source of cash? O increase in common stock O decrease in retained earnings increase in accounts receivable O decrease in long-term debt Which one of the following is classified as an investment activity on the statement of cash flows? O purchase of inventory O purchase of equipment O repayment of a long-term debt O sale of common stock
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost of Goods Sold Decrease in Inventory Increase in equipment Increase in accounts payable Increase in bonds payable Depreciation expense Increase in Common Stock Increase/(Decrease) In retained earnings ($5,000) 4,000 5,000 -3,000 10,000 1,000 20.000 5,000 3,000 ($5,000) Use the following information to calculate financing cash flows: Net Income (LOSS) ($4,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in Inventory -3,000...
Use the following information to calculate financing cash flows: Net Income (Loss) ($2,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in Inventory -3,000 Increase in equipment 10,000 Increase in accounts payable 4,000 Increase in bonds payable 10,000 Depreciation expense 3,000 Increase in Common Stock 7.000 Increase/(Decrease) In retained earnings ($5,000
Use the following income statement and information about changes in non-cash current assets and current liabilities to present the cash flows from operating activities using the indirect method. (Indicate any loss, cash outflow or deduction in cash with a minus sign.) Kelly Gold Inc. Income Statement For Year Ended May 31, 2017 Sales Cost of goods sold $2,700 1,364 $1,336 Gross profit Operating expenses: Depreciation expense Other expenses $ 214 1,070 1,284 Total operating expenses Loss on sale of long-term...
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