Homework Answers
| CASH FLOW STATEMENT | |
| Cash Flow From Operating Activity | Amount |
| Net Income | |
| Add: Depreciation expense | |
| Add: Decrease in inventories | |
| Less : Decrease in salaries payable | |
| Less : Increase in accounts receivable | |
| Net Cash Flow From operating Activity | |
| Cash Flow From Investing Activity | |
| Less :Cash paid for construction of building | |
| Net Cash flow used in investing activity | |
| Cash Flow From Financing Activity | |
| Add :Cash received from issuing mortgage loan | |
| Less :Cash paid to dividends | |
| Net Cash Flow From/used in Financing Activity | |
| Net cash increase/decrease in cash flow | |
| Add: Opening cash balance | |
| Closing cash balance | |
| Decrease in salaries payable | Substracted outflow in the operating activities sections |
| Increase in accounts receivable | Substracted outflow in the operating activities sections |
| Net Income | Added inflow in the operating activities sections |
| Cash paid to dividends | Substracted outflow in the Financing activities sections |
| Cash paid for construction of building | Substracted outflow in the Investing activities sections |
| Cash received from issuing mortgage loan | Added inflow in the Financing activities sections |
| Depreciation expense | Added inflow in the operating activities sections |
| Decrease in inventories | Added inflow in the operating activities sections |
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Question 1 (60 points) Match items that appear on the statement of cash flows for the...
Solve problem 13-2B using working papers or pencil/paper and then answer quiz questions based on your...
Solve problem 13-2B using working papers or pencil/paper and then answer quiz questions based on your work. Question 1 (60 points) Match items that appear on the statement of cash flows for the year ended 12/31/20Y4 with the appropriate presentation on the statement. Decrease in salaries payable Increase in accounts receivable 1. added inflow in the operating activities section 2. subtracted outflow in the operating activities section Net income Cash paid for dividends 3. added inflow in the investing activities...
On the Statement of Cash Flows, cash receipts from the sale of common stock of your...
On the Statement of Cash Flows, cash receipts from the sale of common stock of your company to investors are reported in the operating activities section. O investing activities section. financing activities section. O schedule of noncash investing and financing activities. Question 29 (2 points) On the statement of cash flows using the indirect method, patent amortization expense will O be added to net income in the operating section. be deducted from net income in the operating section. appear as...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Harris Industries Inc. at December 31,...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Harris Industries Inc. at December 31, 2014 and 2043, is as follows: Dec. 31, Dec. 31, 2014 2013 Assets Cash Accounts receivable (net) Inventories Prepaid expenses $443,240 665,280 887,880 $360,920 592,200 1,022,560 31,640 25,200 Land 302,400 302,400 Buildings 1,713,600 (466,200) 1,134,000 (414,540) Accumulated depreciation-buildings Machinery and equipment Accumulated depreciation-machinery and equipment 781,200 (214,200) 106,960 $4,251,800 781,200 (191,520) 112,000 $3,724,420 Patents Total assets $837,480 32,760 Liabilities and Stockholders' Equity Accounts payable...
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...
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:...
Question 19 How does depreciation appear on the statement of cash flows under the direct method?...
Question 19 How does depreciation appear on the statement of cash flows under the direct method? Added in the operating activities section Subtracted in the operating activities section In the investing activities section since it relates to plant assets It will not be reported since it is not a cash flow. D Question 20
Which of the following would appear in the investing activities section of the statement of cash...
Which of the following would appear in the investing
activities section of the statement of cash flows?
Which of the following would appear in the investing activities section of the statement of cash flows? Multiple Choice Cash inflow from interest revenue Cash outflow for the purchase of land Cash outflow for the purchase of supplies Cash inflow from issuance of common stock
Financial Information and Cash Flows Chapter 1 AS-13L04 Which items appear in the cash flow from...
Financial Information and Cash Flows Chapter 1 AS-13L04 Which items appear in the cash flow from operating activities section of the statement of cash flows using the indirect method? AS-14 LO Which items appear in the cash flow from investing activities section of the statement of cash flows? AS-15 LO Which items appear in the cash flow from financing activities section of the statement of cash flows? AS-16 LO What does a gain on the sale of equipment indicate? AS-17...
Match the section of the Cash Flow Statement with the activity it represents. Cash Flow from...
Match the section of the Cash Flow Statement with the activity it represents. Cash Flow from Operating Activities [Choose] [Choose] Day to day business operations Purchase and sale of long-term assets Activities to raise cash and pay back creditors and pay stockholders dividends Cash Flow from Investing Activities Cash Flow from Financing Activities [Choose) Determine how each activity is categorized and whether it is an inflow or outflow of cash. The sale of bonds (Select] [Select] [Select] Outflow Inflow The...
How would these items be classified in a cash flow statement prepared for a wholesale business:...
How would these items be classified in a cash flow statement prepared for a wholesale business: i) Payment of wages of $1,000. ii) Receipts of $25,000 from Accounts Receivable. iii) $20,000 paid into the business by the owner as capital. Select one: a. i. Investing outflow ii. Operating inflow iii. Financing inflow b. i. Operating outflow ii. Operating inflow iii. Investing inflow c. i. Operating outflow ii. Operating inflow iii. Financing inflow d. i. operating outflow ii. Operating inflow iii....
Solve problem 13-2B using working papers or pencil/paper and then answer quiz questions based on your work. Question 1 (60 points) Match items that appear on the statement of cash flows for the year ended 12/31/20Y4 with the appropriate presentation on the statement. Decrease in salaries payable Increase in accounts receivable 1. added inflow in the operating activities section 2. subtracted outflow in the operating activities section Net income Cash paid for dividends 3. added inflow in the investing activities...
On the Statement of Cash Flows, cash receipts from the sale of common stock of your company to investors are reported in the operating activities section. O investing activities section. financing activities section. O schedule of noncash investing and financing activities. Question 29 (2 points) On the statement of cash flows using the indirect method, patent amortization expense will O be added to net income in the operating section. be deducted from net income in the operating section. appear as...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Harris Industries Inc. at December 31, 2014 and 2043, is as follows: Dec. 31, Dec. 31, 2014 2013 Assets Cash Accounts receivable (net) Inventories Prepaid expenses $443,240 665,280 887,880 $360,920 592,200 1,022,560 31,640 25,200 Land 302,400 302,400 Buildings 1,713,600 (466,200) 1,134,000 (414,540) Accumulated depreciation-buildings Machinery and equipment Accumulated depreciation-machinery and equipment 781,200 (214,200) 106,960 $4,251,800 781,200 (191,520) 112,000 $3,724,420 Patents Total assets $837,480 32,760 Liabilities and Stockholders' Equity Accounts payable...
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...
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:...
Question 19 How does depreciation appear on the statement of cash flows under the direct method? Added in the operating activities section Subtracted in the operating activities section In the investing activities section since it relates to plant assets It will not be reported since it is not a cash flow. D Question 20
Which of the following would appear in the investing
activities section of the statement of cash flows?
Which of the following would appear in the investing activities section of the statement of cash flows? Multiple Choice Cash inflow from interest revenue Cash outflow for the purchase of land Cash outflow for the purchase of supplies Cash inflow from issuance of common stock
Financial Information and Cash Flows Chapter 1 AS-13L04 Which items appear in the cash flow from operating activities section of the statement of cash flows using the indirect method? AS-14 LO Which items appear in the cash flow from investing activities section of the statement of cash flows? AS-15 LO Which items appear in the cash flow from financing activities section of the statement of cash flows? AS-16 LO What does a gain on the sale of equipment indicate? AS-17...
Match the section of the Cash Flow Statement with the activity it represents. Cash Flow from Operating Activities [Choose] [Choose] Day to day business operations Purchase and sale of long-term assets Activities to raise cash and pay back creditors and pay stockholders dividends Cash Flow from Investing Activities Cash Flow from Financing Activities [Choose) Determine how each activity is categorized and whether it is an inflow or outflow of cash. The sale of bonds (Select] [Select] [Select] Outflow Inflow The...
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