Homework Answers
5)
Sales is the major operating activity of any business firm. All the cash inflows from operating activities are called as operating inflow.
Hence, correct option is D.
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Question 5 How would revenue from sales of goods and services be classified? A. Investing inflow...
How would these items be classified in a cash flow statement prepared for a wholesale business:...
How would these items be classified in a cash flow statement prepared for a wholesale business: i) Payment of wages of $1,000. ii) Receipts of $25,000 from Accounts Receivable. iii) $20,000 paid into the business by the owner as capital. Select one: a. i. Investing outflow ii. Operating inflow iii. Financing inflow b. i. Operating outflow ii. Operating inflow iii. Investing inflow c. i. Operating outflow ii. Operating inflow iii. Financing inflow d. i. operating outflow ii. Operating inflow iii....
AT92 5 Test Bank for Accounting Principles, Ninth Edition The use of common se financial statements...
AT92 5 Test Bank for Accounting Principles, Ninth Edition The use of common se financial statements is an example of b iquity analysis c vertical analysis d horizontal analysis 6. The purchase of an office building by issuing long-term notes payable should be reported as a a cash outflow in the financing section of the statement of cash flows b. cash outflow in the investing section of the statement of cash flows c cash outflow in the operating section of...
QUESTION 14 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost...
QUESTION 14 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost of goods sold $1,000). Received $300 from a customer for services that will be provided in May. Purchased inventory for $4,500, paid $2,700 and the rest will be paid in 30 days. Purchased and paid $560 supplies still on hand. Paid $960 in wages. Net cash flow from operating activities for April 2020 is? A. cash outflow of $3,920 cash outflow of $5,720 B....
i need help on the statement of cash flow - inflow from sales tax -outflow from...
i need help on the statement of cash flow
- inflow from sales tax
-outflow from expenses
-outflow to ourchase inventory
and also need help with total current liabilites!
i added the other pictures to give you back group
information.
Required information Exercise 7-21 Current liabilities LO 7-1,7-2, 7-4, 7-10 [The following information applies to the questions displayed below.] The following transactions apply to Ozark Sales for 2018: 1. The business was started when the company received $48,500 from the...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing,...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank...
1) On the income statement, sales revenue minus cost of goods sold equals? A) Net Income...
1) On the income statement, sales revenue minus cost of goods sold equals? A) Net Income B) Total Operating Expense C) Income Tax D) Gross Profit 2) The statement of shareholders equity reports changes over for common stock, additional paid in capital (or contributed in excess of par) and A) Retained earnings B) Cash C) Cash flows from operating activities D) accounts payable 3) A firm reports $20 of income before tax expenses and $6 of income tax expense had...
Please show steps how to get this answer 22.6-9a :5 Question He PipCo financial statements included...
Please show steps how to get this answer
22.6-9a :5 Question He PipCo financial statements included the following amounts for the current year: Retired preferred stock Loaned cash to key supplier Dividends paid Sold used delivery truck Issued new bonds $55,000 17,000 32,000 44,000 78,000 Based on this information, what is the amount of net cash flows from financing activities? A. $9,000 net outflow O B. $9,000 net inflow O C. $95,000 net inflow O D. $23,000 net outflow Question...
Use the following abbreviations to answer this question: O Operating activities item I Investing activities item...
Use the following abbreviations to answer this question: O Operating activities item I Investing activities item F Financing activities item Classify each of the following transactions according to whether they are operating, financing, or investing activities: a. Payment of employee wages b. Cash collected from customers for sales c. Payment of dividends d. Purchase of land for an office building e. Repayment of debt owed to a financial institution f. Purchase of shares of another company g. Cash received as...
Complete the following using the information from the Study Questions and Problems at the end of...
Complete the following using the information from the
Study Questions and Problems at the end of Chapter 4, on pages 191
- 192, as indicated below:
Question 4.5 - Using the information in the
problem on pages 191 - 192, you will provide whether the items
listed in (a) through (l) are included in investing or financing
activities
Question 4.6 - Using the information in the
problem on page 192, you will provide whether the current assets
and liabilities listed...
Question 1 Which of the following would be classified as an operating activity on a statement...
Question 1 Which of the following would be classified as an operating activity on a statement of cash flows? Collections from customers Receipt of loan repayments Issuing stock Repayment of amounts borrowed Issuing bonds 1 points Question 2 Which of the following transactions increase cash? 1. Sales of goods and services for cash 2. Receiving cash dividends 3. Collection of accounts receivable 4. Reclassifying long-term debt to short-term debt 5. Accruing interest revenue 1 and 2 1 and 3 1,...
AT92 5 Test Bank for Accounting Principles, Ninth Edition The use of common se financial statements is an example of b iquity analysis c vertical analysis d horizontal analysis 6. The purchase of an office building by issuing long-term notes payable should be reported as a a cash outflow in the financing section of the statement of cash flows b. cash outflow in the investing section of the statement of cash flows c cash outflow in the operating section of...
QUESTION 14 During April 2020, a company had the following transactions: Credit sales of $2,400 (cost of goods sold $1,000). Received $300 from a customer for services that will be provided in May. Purchased inventory for $4,500, paid $2,700 and the rest will be paid in 30 days. Purchased and paid $560 supplies still on hand. Paid $960 in wages. Net cash flow from operating activities for April 2020 is? A. cash outflow of $3,920 cash outflow of $5,720 B....
i need help on the statement of cash flow
- inflow from sales tax
-outflow from expenses
-outflow to ourchase inventory
and also need help with total current liabilites!
i added the other pictures to give you back group
information.
Required information Exercise 7-21 Current liabilities LO 7-1,7-2, 7-4, 7-10 [The following information applies to the questions displayed below.] The following transactions apply to Ozark Sales for 2018: 1. The business was started when the company received $48,500 from the...
Application Problem 5-1B Indicate whether each of the following items should be classified as an operating, investing, or financing activity on the statement of cash flows. If an item does not belong on the statement, indicate as "NA" (Not applicable). a. Declaration of dividends on common shares, to be paid later b. Payment of dividends on common shares c. Purchase of equipment d. Receipt of cash from the sale of a warehouse e. Receipt of cash through a long-term bank...
Please show steps how to get this answer
22.6-9a :5 Question He PipCo financial statements included the following amounts for the current year: Retired preferred stock Loaned cash to key supplier Dividends paid Sold used delivery truck Issued new bonds $55,000 17,000 32,000 44,000 78,000 Based on this information, what is the amount of net cash flows from financing activities? A. $9,000 net outflow O B. $9,000 net inflow O C. $95,000 net inflow O D. $23,000 net outflow Question...
Complete the following using the information from the
Study Questions and Problems at the end of Chapter 4, on pages 191
- 192, as indicated below:
Question 4.5 - Using the information in the
problem on pages 191 - 192, you will provide whether the items
listed in (a) through (l) are included in investing or financing
activities
Question 4.6 - Using the information in the
problem on page 192, you will provide whether the current assets
and liabilities listed...
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