Homework Answers
| 1) | TRUE | ||||||||||
| Explanation: | |||||||||||
| Cash flow from investment activities includes the items in which the entity invests for more than 1 year. | |||||||||||
| The purchase of plant equipment is a cash flow from investment activities. | |||||||||||
| 2) | FALSE | ||||||||||
| Explanation: | |||||||||||
| There are two ways to report cash flow: | |||||||||||
| 1)Direct method | |||||||||||
| 2) Indirect Method | |||||||||||
| 3) | FALSE | ||||||||||
| Explanation: | |||||||||||
| Information about cash flow indicates an entity's ability to generate cash which may influence | |||||||||||
| to decision-makers while making various decisions. | |||||||||||
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Question 1 (1 point) Cash flows from investing activities can relate to the purchase of plant...
Question 7 (1 point) Regarding cash flow from investing activities, the an nvestment into additonal plant...
Question 7 (1 point) Regarding cash flow from investing activities, the an nvestment into additonal plant and equipment would represent a cash outflow. a) True b) False
Cash Flow from Investing Activities Instructions Amount Descriptions and Labels Statement of Cash Flows (Partial) Conceptual...
Cash Flow from Investing Activities Instructions Amount Descriptions and Labels Statement of Cash Flows (Partial) Conceptual Connection Statement of Cash Flows (Partial) Instructions During 20X1. Craig Company had the following transactions: A Purchased $200,500 of 10-year bonds issued by Makenzie Inc. 1. Prepare the net cash from investing activities section of the statement of cash flow (Note: Use a mission to indicate any decreases in cash or cash outlows. Reler lo the Amount Descriptions Not provided for the exact wording...
584 13 Statement of Cash Flows (480,0000 Cash flows from investing activities Sale of equipment Purchase...
584 13 Statement of Cash Flows (480,0000 Cash flows from investing activities Sale of equipment Purchase of equipment Net cash used by investing activities Cash flows from financing activities Payment of cash dividende Net Increase in cash Cash at beginning of period Cash end of period (200,000) Prepare almeno flowing directed LO4) 2. The income statement for Kosinski Manufacturing Company contains the following condensed information KOSINSKI MANUFACTURING COMPANY Income Statement For the Year Ended December 31, 2017 $6,583.000 $4.920,000 880.000...
Question 7 (1 point) Depreciation is an expense that has no effect on cash flow. True...
Question 7 (1 point) Depreciation is an expense that has no effect on cash flow. True False Question 8 (1 point) The Statement of Cash Flows includes both cash and cash equivalents when reporting cash flows True O False Question 9 (1 point) 'Investing activities occur when the owners of the business invest more cash in the business. True False Question 10 (1 point) Information to prepare the statement of cash flows usually comes from comparative balance sheets and the...
The disposition of a plant asset is reported on the statement of cash flows as a...
The disposition of a plant asset is reported on the statement of cash flows as a financing activity. O O True False Intangibles with indefinite lives are never amortized. True True False Acquisitions and sales of long-term assets are reported as investing activities on the statement of cash flows. O O True False
on- The major classifications of activities reported in the statement of cash flows are operating, investing,...
on- The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. port 3. Investing activity. 4. Financing activity. 5. Reported as significant noncash activity The transactions are as follows. Transactions Classifications of Activities Issuance of common stock (b) Purchase of land and building Redemption of bonds. (d) Sale of equipment. le) Depreciation of...
The disposition of a plant asset is reported on the statement of cash flows as a...
The disposition of a plant asset is reported on the statement of cash flows as a financing activity. True False O Intangibles with indefinite lives are never amortized. True False O Acquisitions and sales of long-term assets are reported as investing activities on the statement of cash flows. True O False We were unable to transcribe this image
Cash flows from investing activities do not include cash payments to: Multiple Choice purchase securities of...
Cash flows from investing activities do not include cash payments to: Multiple Choice purchase securities of another company. buy land. repay debt. acquire equipment. Which of the following causes a change in cash? Multiple Choice Accrual of interest payable. Write-off of an uncollectible account. Payment of a cash dividend declared in the previous fiscal year. Recording of depreciation expense.
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...
iment-take&inprogress-false Cash Flows from Investing Activities During the year, Swasey Company sold equipment with a book...
iment-take&inprogress-false Cash Flows from Investing Activities During the year, Swasey Company sold equipment with a book value of $560,000 for $760,000 (original purchase cost of $960,000). New equipment was purchased. Swasey provided the following comparative balance sheets: Swasey Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Long-Term Assets: Plant and equipment $4,400,000 $4,300,000 (2,400,000) (2,540,000) Accumulated depreciation 2,875,000 2,000,000 Land Required: Calculate the investing cash flows for the current year. Use a minus sign to indicate...
Question 7 (1 point) Regarding cash flow from investing activities, the an nvestment into additonal plant and equipment would represent a cash outflow. a) True b) False
Cash Flow from Investing Activities Instructions Amount Descriptions and Labels Statement of Cash Flows (Partial) Conceptual Connection Statement of Cash Flows (Partial) Instructions During 20X1. Craig Company had the following transactions: A Purchased $200,500 of 10-year bonds issued by Makenzie Inc. 1. Prepare the net cash from investing activities section of the statement of cash flow (Note: Use a mission to indicate any decreases in cash or cash outlows. Reler lo the Amount Descriptions Not provided for the exact wording...
584 13 Statement of Cash Flows (480,0000 Cash flows from investing activities Sale of equipment Purchase of equipment Net cash used by investing activities Cash flows from financing activities Payment of cash dividende Net Increase in cash Cash at beginning of period Cash end of period (200,000) Prepare almeno flowing directed LO4) 2. The income statement for Kosinski Manufacturing Company contains the following condensed information KOSINSKI MANUFACTURING COMPANY Income Statement For the Year Ended December 31, 2017 $6,583.000 $4.920,000 880.000...
Question 7 (1 point) Depreciation is an expense that has no effect on cash flow. True False Question 8 (1 point) The Statement of Cash Flows includes both cash and cash equivalents when reporting cash flows True O False Question 9 (1 point) 'Investing activities occur when the owners of the business invest more cash in the business. True False Question 10 (1 point) Information to prepare the statement of cash flows usually comes from comparative balance sheets and the...
The disposition of a plant asset is reported on the statement of cash flows as a financing activity. O O True False Intangibles with indefinite lives are never amortized. True True False Acquisitions and sales of long-term assets are reported as investing activities on the statement of cash flows. O O True False
on- The major classifications of activities reported in the statement of cash flows are operating, investing, and financing. Classify each of the transactions listed below as: 1. Operating activity-add to net income. 2. Operating activity-deduct from net income. port 3. Investing activity. 4. Financing activity. 5. Reported as significant noncash activity The transactions are as follows. Transactions Classifications of Activities Issuance of common stock (b) Purchase of land and building Redemption of bonds. (d) Sale of equipment. le) Depreciation of...
The disposition of a plant asset is reported on the statement of cash flows as a financing activity. True False O Intangibles with indefinite lives are never amortized. True False O Acquisitions and sales of long-term assets are reported as investing activities on the statement of cash flows. True O False We were unable to transcribe this image
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...
iment-take&inprogress-false Cash Flows from Investing Activities During the year, Swasey Company sold equipment with a book value of $560,000 for $760,000 (original purchase cost of $960,000). New equipment was purchased. Swasey provided the following comparative balance sheets: Swasey Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Long-Term Assets: Plant and equipment $4,400,000 $4,300,000 (2,400,000) (2,540,000) Accumulated depreciation 2,875,000 2,000,000 Land Required: Calculate the investing cash flows for the current year. Use a minus sign to indicate...
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