Homework Answers
| Transaction | Cash inflow or outflow | Operating, Investing or Financing |
| Williamson Co. Issued new Common Stock for $317000 | Cash inflow | Financing |
| Armstrong Inc. purchased Equipment for $39000 | Cash outflow | Investing |
| Sherman CO. paid preferred dividends of $36000 | Cash outflow | Financing |
| Howard CO. incurred operating expenses $834000 and paid operating expenses $781000 | Cash outflow | Operating |
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6. Categorizing cash flows Aa Aa E In addition to recognizing what type of activity transactions...
19. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according...
19. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cash. Two methods can be used to construct a statement of cash flows: the direct method and the indirect method. Under the indirect method, data from three financial...
3. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according...
3. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cash. Two methods can be used to construct a statement of cash flows: the direct method and the indirect method. Under the indirect method, data from three financial...
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...
55. Servo industries net income was $300,000. Given the account information De the net cash flows...
55. Servo industries net income was $300,000. Given the account information De the net cash flows from operating activities for Servo Industries? the account information below, what is Decrease in Accounts Receivable Decrease in Salaries Payable Decrease in Inventory Depreciation Expense Increase in Interest Payable $ 50,000 $ 75,000 $ 20,000 $ 35,000 $ 7,000 A) $487,000 B) $323,000. C) $337,000 D) $237,000. 56. Listed below are several transactions. For each transaction, indicate by letter whether the cash effect of...
Indicate the type of cash flows resulting from the following transactions and whether it would increase...
Indicate the type of cash flows resulting from the following transactions and whether it would increase (I) or decrease (D) the cash flows. If a transaction has no cash flow effects, so indicate. Transaction Operating Investing Financing No CF effect EXAMPLE: Payment of note payable D Payment of dividends Acquisition of land by issuing a note Payments to suppliers Interest paid on bonds payable Purchase of equity securities on the market Cash received from customers Issuance of bonds payable Purchase...
|OPERATING PROFIT INFLOW DECREASE INVESTING INCREASE FINANCING OUTFLOW CASH NON-CASH A statement of cash flows is...
|OPERATING PROFIT INFLOW DECREASE INVESTING INCREASE FINANCING OUTFLOW CASH NON-CASH A statement of cash flows is a useful report that discloses all movements during the period. Classification of cash flows into operating, and financing activities provides insight into where cash came from and what it was spent on. It is important that cash flows from activities is positive, as it indicates that sufficient cash was received from business operations to cover ongoing business outflows. A significant cash under operating activities...
Instructions Most of the preceding transactions sho ment of cash flows. For each transaction tha the...
Instructions Most of the preceding transactions sho ment of cash flows. For each transaction tha the transaction is classified as an operating a If the transaction should not be included explain why not. (Assume that net cash flows from Transactions should be included among the activities summarized in a state- transaction that should be included in this statement, indicate whether d as an operating activity, an investing activity, or a financing activity. or be included in the current year's statement...
César A. Martinan Prof. Arritola Managerial Test 1 - Ch. 13 - Statement of Cash Flows Multiple Choice wer the ques...
César A. Martinan Prof. Arritola Managerial Test 1 - Ch. 13 - Statement of Cash Flows Multiple Choice wer the question Identify the choice that best completes the statement or 1. Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flow? a cash cash and money market funds c. cash and cash equivalents d. cash and U.S. treasury bonds 2. Which of the following can be found on the statement of...
Classify transactions by activity. Indicate impact on cash and profit. (LOI) AP (b) P17-1B You are...
Classify transactions by activity. Indicate impact on cash and profit. (LOI) AP (b) P17-1B You are provided with the following transactions that took place during a recent fiscal year: (a) Transaction Classification 1. Paid telephone bill for the month. 2. Sold land for cash, at a gain. 3. Acquired land by issuing common shares. 4. Paid a cash dividend to preferred shareholders. 5. Performed services for cash. 6. Performed services on account. 7. Purchased inventory for cash. 8. Purchased inventory...
1. 2. • Analyze the transactions you have and indicate whether each transaction resulted in a...
1.
2.
• Analyze the transactions you have and indicate whether each transaction resulted in a cash flow from a) Operating activities b) Investing activities c) Financing activates d) Noncash investing and financing activities • Indicate whether the effect is a a) Cash Inflow b) Cash Outflow The HAHA & MAMA Corporation 1. Purchased an equipment for $11,000 and paid cash 2. Issued $50,000 par value common stock 3. Paid dividends of 12.000 during the year 4. Sold a long-term...
19. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cash. Two methods can be used to construct a statement of cash flows: the direct method and the indirect method. Under the indirect method, data from three financial...
3. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cash. Two methods can be used to construct a statement of cash flows: the direct method and the indirect method. Under the indirect method, data from three financial...
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...
55. Servo industries net income was $300,000. Given the account information De the net cash flows from operating activities for Servo Industries? the account information below, what is Decrease in Accounts Receivable Decrease in Salaries Payable Decrease in Inventory Depreciation Expense Increase in Interest Payable $ 50,000 $ 75,000 $ 20,000 $ 35,000 $ 7,000 A) $487,000 B) $323,000. C) $337,000 D) $237,000. 56. Listed below are several transactions. For each transaction, indicate by letter whether the cash effect of...
|OPERATING PROFIT INFLOW DECREASE INVESTING INCREASE FINANCING OUTFLOW CASH NON-CASH A statement of cash flows is a useful report that discloses all movements during the period. Classification of cash flows into operating, and financing activities provides insight into where cash came from and what it was spent on. It is important that cash flows from activities is positive, as it indicates that sufficient cash was received from business operations to cover ongoing business outflows. A significant cash under operating activities...
Instructions Most of the preceding transactions sho ment of cash flows. For each transaction tha the transaction is classified as an operating a If the transaction should not be included explain why not. (Assume that net cash flows from Transactions should be included among the activities summarized in a state- transaction that should be included in this statement, indicate whether d as an operating activity, an investing activity, or a financing activity. or be included in the current year's statement...
César A. Martinan Prof. Arritola Managerial Test 1 - Ch. 13 - Statement of Cash Flows Multiple Choice wer the question Identify the choice that best completes the statement or 1. Which of the following concepts of cash is not appropriate to use in preparing the statement of cash flow? a cash cash and money market funds c. cash and cash equivalents d. cash and U.S. treasury bonds 2. Which of the following can be found on the statement of...
Classify transactions by activity. Indicate impact on cash and profit. (LOI) AP (b) P17-1B You are provided with the following transactions that took place during a recent fiscal year: (a) Transaction Classification 1. Paid telephone bill for the month. 2. Sold land for cash, at a gain. 3. Acquired land by issuing common shares. 4. Paid a cash dividend to preferred shareholders. 5. Performed services for cash. 6. Performed services on account. 7. Purchased inventory for cash. 8. Purchased inventory...
1.
2.
• Analyze the transactions you have and indicate whether each transaction resulted in a cash flow from a) Operating activities b) Investing activities c) Financing activates d) Noncash investing and financing activities • Indicate whether the effect is a a) Cash Inflow b) Cash Outflow The HAHA & MAMA Corporation 1. Purchased an equipment for $11,000 and paid cash 2. Issued $50,000 par value common stock 3. Paid dividends of 12.000 during the year 4. Sold a long-term...
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