For each of the following, identify whether it would be disclosed as an operating (O), financing...
For each of the following, identify whether it would be disclosed as an operating (O), financing (F), or investing (I) activity on the statement of cash flows under the indirect method. a. Purchased treasury stock b. Dispose of equipment c. Net income d. Sold long-term investments e. Issued common stock f. Depreciation expense
Homework Answers
Ans. A Purchase of treasury stock - financing activities
Explanation: This transaction is shown with negative sign in financing activities.
Ans. B Dispose of equipment - Investing activity.
Explanation: Transactions related to long term assets affect the section of investing activities.
Ans. C. Net income - Operating activities
Explanation: Operating activities (indirect method) section is started with net income.
Ans. D Sold long term investments - Investing activities
Explanation: Sales or purchase of long term investments are listed under investing activities section of cash flow statement.
Ans. E. Issued common stock - Financing activities
Explanation: Issue or redemption of common (or preferred) stock are the part of financing activities.
Ans. F. Depreciation expenses - Operating activities
Explanation: Non cash expenses are added to net income when indirect method of Operating activities is used.
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For each of the following, identify whether it would be
disclosed as an operating (O), financing...
a. QUESTION 1 For each of the following, identify whether it would be disclosed as an...
a. QUESTION 1 For each of the following, identify whether it would be disclosed as an operating (O), financing (F), or investing (1) activity on the statement of cash flows under the indirect method. Purchased buildings b. Sold Patents Ic. Net income d. Issued Common Stock e. Paid cash dividends f. Depreciation expense TT T Arial 3 (12pt) T. V Path: P Words:0
help ASAP please!!! Classifying Cash Flows Identify the type of cash flow activity for each of...
help ASAP please!!!
Classifying Cash Flows Identify the type of cash flow activity for each of the following events (operating, Investing, or financing). The company determines net cash flow from operating activities by the indirect method: a. Net income b. Pald cash dividends Financing C. Issued common stock Investing d. Issued bonds Operating e. Redeemed bonds f. Sold long-term investments g. Purchased treasury stock h. Sold equipment i. Issued preferred stock 1. Purchased buildings k. Purchased patents
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...
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
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity...
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity (1), a financing activity (F), a non-cash investing and financing activity (NIF), or a trans- action that is not reported on the cash flow statement (N). For each cash flow, indicate whether the item increases (+) or decreases (-) cash. Assume the direct method is used to report cash flows from operating activities. for the cash w statement a. NIF e.I- g.O+ Activity (+)/)...
7. Which of the following would be classified as a financing activity on a statement of...
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
EX 13-3 Classifying cash flows Obj. 1 Identify the type of cash flow activity for each...
EX 13-3 Classifying cash flows Obj. 1 Identify the type of cash flow activity for each of the following events (operating, investia or financing): A. Net income B. Paid cash dividends C. Issued common stock D. Issued bonds E. Redeemed bonds F. Sold long-term investments G. Purchased treasury stock H. Sold equipment l. Issued preferred stock J. Purchased buildings K. Purchased patents
For each of the following situations, identify whether the activity is an operating, investing, or financing...
For each of the following situations, identify whether the activity is an operating, investing, or financing activity and compute the cash provided or used by the activity. The indirect method is used. (An activity may have more than one category. Be sure to select only the type of activity that applies. Combine the total for each type of cash flow on one line. Enter all values as positive numbers. Leave unused cells blank.) Operating (0) Investing (1) Financing (F) Amount...
Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense...
Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. $305,900 73,500 25,700 10,700 11,400 Staley Inc. Cash flows from operating activities: Adjustments to reconcile...
For each of the following situations, identify whether the activity is an operating, investing, or financing...
For each of the following situations, identify whether the activity is an operating, investing, or financing activity and compute the cash provided or used by the activity. The indirect method is used. (An activity may have mcre than one category. Be sure to select only the type of activity that applies. Combine the total for each type of cash flow on one line. Enter all values as positive numbers. Leave unused cells blank.) A building with a cost of $188,000...
a. QUESTION 1 For each of the following, identify whether it would be disclosed as an operating (O), financing (F), or investing (1) activity on the statement of cash flows under the indirect method. Purchased buildings b. Sold Patents Ic. Net income d. Issued Common Stock e. Paid cash dividends f. Depreciation expense TT T Arial 3 (12pt) T. V Path: P Words:0
help ASAP please!!!
Classifying Cash Flows Identify the type of cash flow activity for each of the following events (operating, Investing, or financing). The company determines net cash flow from operating activities by the indirect method: a. Net income b. Pald cash dividends Financing C. Issued common stock Investing d. Issued bonds Operating e. Redeemed bonds f. Sold long-term investments g. Purchased treasury stock h. Sold equipment i. Issued preferred stock 1. Purchased buildings k. Purchased patents
Exercise 17-7 Identify each of the following transactions as an operating activity (O), an investing activity (1), a financing activity (F), a non-cash investing and financing activity (NIF), or a trans- action that is not reported on the cash flow statement (N). For each cash flow, indicate whether the item increases (+) or decreases (-) cash. Assume the direct method is used to report cash flows from operating activities. for the cash w statement a. NIF e.I- g.O+ Activity (+)/)...
7. Which of the following would be classified as a financing activity on a statement of cash flows? A) B) Payment of a bond payable Sale of a loan receivable C) Payment of interest to a creditor D) Declaration and distribution of a stock dividend 8. The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n) A) addition to net income. deduction from net...
EX 13-3 Classifying cash flows Obj. 1 Identify the type of cash flow activity for each of the following events (operating, investia or financing): A. Net income B. Paid cash dividends C. Issued common stock D. Issued bonds E. Redeemed bonds F. Sold long-term investments G. Purchased treasury stock H. Sold equipment l. Issued preferred stock J. Purchased buildings K. Purchased patents
For each of the following situations, identify whether the activity is an operating, investing, or financing activity and compute the cash provided or used by the activity. The indirect method is used. (An activity may have more than one category. Be sure to select only the type of activity that applies. Combine the total for each type of cash flow on one line. Enter all values as positive numbers. Leave unused cells blank.) Operating (0) Investing (1) Financing (F) Amount...
Cash Flows from Operating Activities-Indirect Method Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. $305,900 73,500 25,700 10,700 11,400 Staley Inc. Cash flows from operating activities: Adjustments to reconcile...
For each of the following situations, identify whether the activity is an operating, investing, or financing activity and compute the cash provided or used by the activity. The indirect method is used. (An activity may have mcre than one category. Be sure to select only the type of activity that applies. Combine the total for each type of cash flow on one line. Enter all values as positive numbers. Leave unused cells blank.) A building with a cost of $188,000...
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