Cash flow statement - Shows cash from operating, investing, and financing activities
Accounting equation - Assets = Liabilities + Equity
Net Income - Profits generated by an organization
Balance sheet - "Snapshot" of a company's activities at a given point in time
Income statement - Shows revenues, expenses, and profitability over a period of time
Liquidity - How quickly assets can be converted into cash
Match each accounting term with its description. Cash Flow Statement → Accounting Equation * Net Income...
Match each element with its financial statement using the
following 4 options.
Match each element with its financial statement. Element Financial Statement (1) Expenses (2) Cash flow from investing activities (3) Assets (4) Dividends (5) Revenues (6) Cash flow from operating activities (7) Liabilities (8) Cash flow from financing activities Statement of cash flows Statement of earnings Statement of financial position Statement of shareholders' equity
E7.14 Cash Flow Statement Conversion The Luh Company's 2020 cash flow statement appears below. LO in its functional currency. New Taiwan dollars (NTS). NT$100.000 45,000 (4,000) 24,000 (32,000) 133,000 THE LUH COMPANY Statement of Cash Flows For Year Ended December 31, 2020 (in millions) Operating Activities Net income................. Depreciation and amortization expense. ... Gain on sale of long-term investments ......... Decrease in other current operating assets.... Decrease in current operating liabilities... Cash provided by operating activities ........ Investing Activities Acquisition...
and average tax rale l 2. Financial Cash flow and statement of cash flows (10 credits) You are researching Time Manufacturing and have found the following accounting statement of cash flows for the most recent year. You also know that the company paid $84 million in current taxes and had an interest expense of $42 million. Statement of Cash 192 76 13 Net income Deferred Taxes Change in Assets and liabilities -16 17 13 Accounts payable Accrued Expenses Total cash...
You are researching Time Manufacturing and have found the
following accounting statement of cash flows for the most recent
year. You also know that the company paid $98.4 million in current
taxes and had an interest expense of $48.4 million.
Calculate the cash flow to stockholders.
$45
$70
$59
$62
TIME MANUFACTURING Statement of Cash Flows ($ in millions) $ 177.0 94.4 19.4 Operations Net income Depreciation Deferred taxes Changes in assets and liabilities Accounts receivable Inventories Accounts payable Accrued...
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...
E7.14 Cash Flow Statement Conversion The Luh Company's 2020 cash flow statement appears below. LO in its functional currency. New Taiwan dollars (NTS). NT$100.000 45,000 (4,000) 24,000 (32,000) 133,000 THE LUH COMPANY Statement of Cash Flows For Year Ended December 31, 2020 (in millions) Operating Activities Net income................. Depreciation and amortization expense. ... Gain on sale of long-term investments ......... Decrease in other current operating assets.... Decrease in current operating liabilities... Cash provided by operating activities ........ Investing Activities Acquisition...
Which of the following statements is not accurate? Net income from the income statement will increase total stockholder’s equity on the statement of retained earnings Net loss from the income statement will decrease total stockholder’s equity on the statement of retained earnings Dividends reduce retained earnings-? Additional investment in the company increases retained earnings All of the following accurately describe the balance sheet except… Reflects profitability of operations Is an expanded report of the accounting equation listing assets, liabilities, and...
Possible Answers:
Match each term or phrase to its description below. Liquidity Whether an item is large enough to likely influence the decision of an investor or creditor. Constraint that weighs the cost that companies will incur to provide the information against the benefit that financial statement users will gain from having the information available. Obligations that a company expects to pay within the next year or operating cycle, whichever is longer. Information that is complete, neutral, and free from...
Use Walmart’s income statement and cash flow statement for the
year ending January 31, 2020 to calculate Walmart’s free cash flow.
Continue to assume that the tax rate was 21 percent and that
deferred taxes relate to operating activities
Walmart's Cash Flow Statement for 2020 Consolidated net income Depreciation and amortization Deferred income expense (Gains) losses on disposals of assets and businesses, net Other operating (income) expense, net Decrease increase) in accounts receivable Decrease increase) in inventories Increase/(decrease) in accounts...
On its Statement of Cash Flows, Athena, Inc. reported cash flow from operating activities of $101,000, cash flow from financing activities of ($124,000), and cash flow from investing activities of S105,000. Athena, Inc. invested S65,000 cash in long term assets. Athena, Inc.'s free cash flow is: O A. $40,000 OB. $17,000 OC. $59,000. OD. $36,000.