Homework Answers
Answer
--Correct Answer = Option 'A' Purchase of merchandise for re-sale is a cash flow from Operating Activities,
--Operating activities section includes activities that are related to basic operations of business. Buying and selling of inventory is one of the basic operation on which the business operates.
--Option 'B' and 'C' are classified under "Investing activities"
--Option 'D' is a financing activity.
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27. Which of the following is a cash flow from operating activities? A) Purchase of merchandise...
25. Which of the following would not be a cash flow from investing activities? A) Purchase...
25. Which of the following would not be a cash flow from investing activities? A) Purchase of long-term investments. B) Sale of a patent. C) Collection of principal from a long-term note receivable. D) Collection of interest revenue on a long-term note. E) None of the above is correct.
a. increase in cash flow from operating activities. b. decrease in cash flow from operating activities....
a. increase in cash flow from operating activities. b. decrease in cash flow from operating activities. C.. increase in cash flow from investing activities. d. decrease in cash flow from investing activities. e. increase in cash flow from financing activities. f. decrease in cash flow from financing activities. g. not a cash flow. 1. Payment on the principal portion of long-term debt 2. Issuance of bonds 3. Increase in accounts receivable 4. Cash dividends declared and not yet paid 5....
26. Which of the following would not be a cash flow from financing activities? A) Issuance...
26. Which of the following would not be a cash flow from financing activities? A) Issuance of common stock. B) Borrowing on a long-term note payable. C) Collection of a cash dividend. D) Repayment of principal on a long-term note payable. E) None of the above is correct.
STATEMENT OF CASH FLOWS FOR 2017 Cash Flow from Operating Activities Cash Flow from Investing Activities...
STATEMENT OF CASH FLOWS FOR 2017
Cash Flow from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net
Increase in Cash
Beginning
Cash Balance
Ending Cash
Balance
Selected financial statement information and additional data for Stanislaus Co. is presented below 2017 $64,200 143,800 Cash Accounts receivable (net) Inventory Land Equipment TOTAL 2016 $41,610 85,190 168,040 55,130 508,180 $858,150 203,770 18,620 791,360 $1,221,750 $81,340 $113,560 Accumulated depreciation Accounts payable Notes payable - short-term 85,250 50,590 66,800 29,460...
1.) What can creditors, investors, and other users learn from an analysis of the cash flow...
1.) What can creditors, investors, and other users learn from an analysis of the cash flow statement? 2.) Identify the following as financing activities (F) or investing activities (I): a.) Purchase of equipment b.) Purchase of treasury stock. c.) Reduction of long-term debt. d.) Sale of building e.) Resale of treasury stock. f.) Increase in short-term debt. g.) Issuance of common stock. h.) Purchase of land. i.) Purchase of common stock...
It says that the numbers for cash recieved from sale of investments, cash paid for purchase...
It says that the numbers for cash recieved from sale of
investments, cash paid for purchase of
land, cash paid for purchase of equipment, cash recieved from
sale of common stock and cash paid for dividends is inocrrect. Can
someone please check these?
Dec. 31, 2019 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 323,750 $292,800 105,160 311,350 120,620 Inventories 0 166,050 Investments Land Equipment Accumulated depreciation-equipment 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Total assets Liabilities and Stockholders'...
Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: 2019 2018...
Preparing a Statement of Cash Flows Erie Company reported the following comparative balance sheets: 2019 2018 Assets: Cash $33,200 $12,750 Accounts receivable 53,000 44,800 Inventory 29,500 27,500 Prepaid rent 2,200 6,200 Investments (long-term) 17,600 31,800 Property, plant, and equipment 162,000 149,450 Accumulated depreciation (61,600) (56,200) Total assets $235,900 $216,300 Liabilities and Equity: Accounts payable $16,900 $19,500 Interest payable 3,500 4,800 Wages payable 9,600 7,100 Income taxes payable 5,500 3,600 Notes payable 30,400 53,000 Common stock 100,000 68,500 Retained earnings 70,000...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments to reconcile net income to net cash provided by operating activities: $13,277 Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets 13,861 (7,295) (3,210) 4,815 21,448 107,529 Net cash provided by operating activities Cash flows from investing activities Sale of investments 4,523 Purchase of equipment (35,308) Net cash used by investing activities (30,785) Cash...
IX Note: To complete the assignment to the worksheet tab labeled Cash Flow 1 Note: To...
IX Note: To complete the assignment to the worksheet tab labeled Cash Flow 1 Note: To complete the assignment, go to the worksheet tab labeled Cash Flow 2 and complete the statement of cash flows. INNOVATION ELECTRONICS, INC. HYGN For the Year Ended December 31, 20X2 Net sales $ Gain on sale of land 2,430,000 6,500 Total revenues 2.436,500 T $ Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense 1.565.000 598.000 16.000 17.000 63,000...
IX Note: To complete the assignment to the worksheet tab labeled Cash Flow 1 Note: To...
IX Note: To complete the assignment to the worksheet tab labeled Cash Flow 1 Note: To complete the assignment, go to the worksheet tab labeled Cash Flow 2 and complete the statement of cash flows. INNOVATION ELECTRONICS, INC. HYGN For the Year Ended December 31, 20X2 Net sales $ Gain on sale of land 2,430,000 6,500 Total revenues 2.436,500 T $ Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense 1.565.000 598.000 16.000 17.000 63,000...
25. Which of the following would not be a cash flow from investing activities? A) Purchase of long-term investments. B) Sale of a patent. C) Collection of principal from a long-term note receivable. D) Collection of interest revenue on a long-term note. E) None of the above is correct.
a. increase in cash flow from operating activities. b. decrease in cash flow from operating activities. C.. increase in cash flow from investing activities. d. decrease in cash flow from investing activities. e. increase in cash flow from financing activities. f. decrease in cash flow from financing activities. g. not a cash flow. 1. Payment on the principal portion of long-term debt 2. Issuance of bonds 3. Increase in accounts receivable 4. Cash dividends declared and not yet paid 5....
26. Which of the following would not be a cash flow from financing activities? A) Issuance of common stock. B) Borrowing on a long-term note payable. C) Collection of a cash dividend. D) Repayment of principal on a long-term note payable. E) None of the above is correct.
STATEMENT OF CASH FLOWS FOR 2017
Cash Flow from Operating Activities
Cash Flow from Investing Activities
Cash Flow from Financing Activities
Net
Increase in Cash
Beginning
Cash Balance
Ending Cash
Balance
Selected financial statement information and additional data for Stanislaus Co. is presented below 2017 $64,200 143,800 Cash Accounts receivable (net) Inventory Land Equipment TOTAL 2016 $41,610 85,190 168,040 55,130 508,180 $858,150 203,770 18,620 791,360 $1,221,750 $81,340 $113,560 Accumulated depreciation Accounts payable Notes payable - short-term 85,250 50,590 66,800 29,460...
It says that the numbers for cash recieved from sale of
investments, cash paid for purchase of
land, cash paid for purchase of equipment, cash recieved from
sale of common stock and cash paid for dividends is inocrrect. Can
someone please check these?
Dec. 31, 2019 Dec. 31, 2018 Assets Cash $316,580 Accounts receivable (net) 114,680 323,750 $292,800 105,160 311,350 120,620 Inventories 0 166,050 Investments Land Equipment Accumulated depreciation-equipment 357,190 (83,620) $1,194,630 275,270 (74,230) $1,030,970 Total assets Liabilities and Stockholders'...
For the Year Ended December 31, 2017 Cash flows from operating activities $86,081 Net income Adjustments to reconcile net income to net cash provided by operating activities: $13,277 Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in accounts payable Loss on disposal of plant assets 13,861 (7,295) (3,210) 4,815 21,448 107,529 Net cash provided by operating activities Cash flows from investing activities Sale of investments 4,523 Purchase of equipment (35,308) Net cash used by investing activities (30,785) Cash...
IX Note: To complete the assignment to the worksheet tab labeled Cash Flow 1 Note: To complete the assignment, go to the worksheet tab labeled Cash Flow 2 and complete the statement of cash flows. INNOVATION ELECTRONICS, INC. HYGN For the Year Ended December 31, 20X2 Net sales $ Gain on sale of land 2,430,000 6,500 Total revenues 2.436,500 T $ Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense 1.565.000 598.000 16.000 17.000 63,000...
IX Note: To complete the assignment to the worksheet tab labeled Cash Flow 1 Note: To complete the assignment, go to the worksheet tab labeled Cash Flow 2 and complete the statement of cash flows. INNOVATION ELECTRONICS, INC. HYGN For the Year Ended December 31, 20X2 Net sales $ Gain on sale of land 2,430,000 6,500 Total revenues 2.436,500 T $ Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense 1.565.000 598.000 16.000 17.000 63,000...
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