Homework Answers
Increase in Receivable: Use of Cash
Increase in receivable means goods sold on more credit hence it is treated as use of cash and decreases from the operating activities.
Decrease in Accounts payable: Use of Cash
Decrease in accounts payable means creditors has been paid off during the period hence it is use of cash
Decrease in Buildings: Source of Cash
Decrease in buildings means buildings has been sold off. That means cash will be generated from the sale of assets.
Increase in Common stock: Source of Cash
Increase in common stock means common stock has been issued and cash generated from the issue of stock.
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(4p) Use of cash 3. Determine the following changes as source of cash or...
(4p) Use of cash 3. Determine the following changes as source of cash or use of...
(4p) Use of cash 3. Determine the following changes as source of cash or use of cash: Change Source of cash Increase in Receivables Decrease in Accounts Payable Decrease in Buildings Increase in Common Stock
13. Determine the following changes as source of cash or use of cash: (1p each, total...
13. Determine the following changes as source of cash or use of cash: (1p each, total 4p) Change Source of cash Use of cash Increase in Inventory Decrease in Accounts Payable Decrease in Plant & Equipment Increase in Common Stock 14. When testing a company's ability to meet short term liabilities, which ratio should you regard, if; (5p) a. the company has out of fashion inventories difficult to liquidate in a short time with a reasonable loss and b. the...
12. State; 8p) a. the three sources of cash flows classified in a Cash Flow Statement...
12. State; 8p) a. the three sources of cash flows classified in a Cash Flow Statement and b. comment on how a sustainable company's cash flows be. (Assuming that it is not in a sizable investment phase) 13. Determine the following changes as source of cash or use of cash: (1p each, total 4p) Change Source of cash Use of cash Increase in Inventory Decrease in Accounts Payable Decrease in Plant & Equipment Increase in Common Stock 14. When testing...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common stock Ο Acquisition of debt Ο Purchase of inventory Ο Payment to a supplier Ο Granting credit to a customer Which one of the following is a source of cash? Multiple Choice Ο Increase in accounts receivable Ο Decrease in common stock Ο Increase in fixed assets Ο Decrease in accounts payable Ο Decrease in inventory
attempt to answer.. help me get it right Reflective Therapy Inc. has the following changes to...
attempt to answer.. help me get it right
Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the previous year: For each of the changes listed below indicate whether the impact to the reconciliation of operating cash flows using the indirect method would be an increase or decrease on cash flows, or not applicable. a. Increase in royalty receivables Not Applicable b. Increase in accounts payable Increase c. Decrease in prepaid taxes Decret d....
Selected changes in various corporate accounts during a fiscal year are described below. By the use...
Selected changes in various corporate accounts during a fiscal
year are described below. By the
use of x’s, indicate the section of the statement of cash flows
(indirect or direct method) in which the change is reported.
Section of Statement of Cash Flows Operating Investing Financing Not Activities Activities Activities Reported 0. Merchandise Inventory-net increase ................. 1. Retained Earnings—debit for stock dividends distributed .... 2. Common Stock-credit for issuance at par for cash 3. Bonds Payable-debit for redemption of bonds...
Which one of the following is a source of cash? O increase in common stock O...
Which one of the following is a source of cash? O increase in common stock O decrease in retained earnings increase in accounts receivable O decrease in long-term debt Which one of the following is classified as an investment activity on the statement of cash flows? O purchase of inventory O purchase of equipment O repayment of a long-term debt O sale of common stock
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost...
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost of Goods Sold Decrease in Inventory Increase in equipment Increase in accounts payable Increase in bonds payable Depreciation expense Increase in Common Stock Increase/(Decrease) In retained earnings ($5,000) 4,000 5,000 -3,000 10,000 1,000 20.000 5,000 3,000 ($5,000) Use the following information to calculate financing cash flows: Net Income (LOSS) ($4,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in Inventory -3,000...
hello please help! Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company:...
hello please help!
Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: Cash Accounts receivable Inventory Prepaid rent Land Plant and equipment Accumulated depreciation Totals December 31 2017 2016 $8,600 $10,800 21,500 16,100 17,100 28,600 9,700 6,500 80,600 80,600 430,000 322,500 (69,900) (32,300) $497,600 $432,800 Accounts payable Income taxes payable Short-term notes payable Bonds payable Common stock Retained earnings Totals $12,900 3,200 37,600 81,000 215,000 147,900 $497,600 $10,800 5,400 26,900 108,000 161,300 120,400 $432,800 Bonds were...
I need help with the cash flow spreadsheet for the debit and credit changes. Thank you....
I need help with the cash flow spreadsheet for the debit and
credit changes. Thank you.
Use the following information for the Problems below. Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in...
(4p) Use of cash 3. Determine the following changes as source of cash or use of cash: Change Source of cash Increase in Receivables Decrease in Accounts Payable Decrease in Buildings Increase in Common Stock
13. Determine the following changes as source of cash or use of cash: (1p each, total 4p) Change Source of cash Use of cash Increase in Inventory Decrease in Accounts Payable Decrease in Plant & Equipment Increase in Common Stock 14. When testing a company's ability to meet short term liabilities, which ratio should you regard, if; (5p) a. the company has out of fashion inventories difficult to liquidate in a short time with a reasonable loss and b. the...
12. State; 8p) a. the three sources of cash flows classified in a Cash Flow Statement and b. comment on how a sustainable company's cash flows be. (Assuming that it is not in a sizable investment phase) 13. Determine the following changes as source of cash or use of cash: (1p each, total 4p) Change Source of cash Use of cash Increase in Inventory Decrease in Accounts Payable Decrease in Plant & Equipment Increase in Common Stock 14. When testing...
Which one of the following is a source of cash? Multiple Choice Ο Repurchase of common stock Ο Acquisition of debt Ο Purchase of inventory Ο Payment to a supplier Ο Granting credit to a customer Which one of the following is a source of cash? Multiple Choice Ο Increase in accounts receivable Ο Decrease in common stock Ο Increase in fixed assets Ο Decrease in accounts payable Ο Decrease in inventory
attempt to answer.. help me get it right
Reflective Therapy Inc. has the following changes to its comparative statement of financial position from the previous year: For each of the changes listed below indicate whether the impact to the reconciliation of operating cash flows using the indirect method would be an increase or decrease on cash flows, or not applicable. a. Increase in royalty receivables Not Applicable b. Increase in accounts payable Increase c. Decrease in prepaid taxes Decret d....
Selected changes in various corporate accounts during a fiscal
year are described below. By the
use of x’s, indicate the section of the statement of cash flows
(indirect or direct method) in which the change is reported.
Section of Statement of Cash Flows Operating Investing Financing Not Activities Activities Activities Reported 0. Merchandise Inventory-net increase ................. 1. Retained Earnings—debit for stock dividends distributed .... 2. Common Stock-credit for issuance at par for cash 3. Bonds Payable-debit for redemption of bonds...
Which one of the following is a source of cash? O increase in common stock O decrease in retained earnings increase in accounts receivable O decrease in long-term debt Which one of the following is classified as an investment activity on the statement of cash flows? O purchase of inventory O purchase of equipment O repayment of a long-term debt O sale of common stock
Use the following information to calculate operating cash flows: Net Income/(Loss) Increase in accounts receivable Cost of Goods Sold Decrease in Inventory Increase in equipment Increase in accounts payable Increase in bonds payable Depreciation expense Increase in Common Stock Increase/(Decrease) In retained earnings ($5,000) 4,000 5,000 -3,000 10,000 1,000 20.000 5,000 3,000 ($5,000) Use the following information to calculate financing cash flows: Net Income (LOSS) ($4,000) Increase in accounts receivable 5,000 Cost of Goods Sold 5,000 Decrease in Inventory -3,000...
hello please help!
Statement of Cash Flows-Indirect Method The following balances are available for Chrisman Company: Cash Accounts receivable Inventory Prepaid rent Land Plant and equipment Accumulated depreciation Totals December 31 2017 2016 $8,600 $10,800 21,500 16,100 17,100 28,600 9,700 6,500 80,600 80,600 430,000 322,500 (69,900) (32,300) $497,600 $432,800 Accounts payable Income taxes payable Short-term notes payable Bonds payable Common stock Retained earnings Totals $12,900 3,200 37,600 81,000 215,000 147,900 $497,600 $10,800 5,400 26,900 108,000 161,300 120,400 $432,800 Bonds were...
I need help with the cash flow spreadsheet for the debit and
credit changes. Thank you.
Use the following information for the Problems below. Forten Company, a merchandiser, recently completed its calendar-year 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5) Other Expenses are paid in...
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