Homework Answers
The answer to this question is option (d) i.e. Increase in inventory.
An increase in inventory means that the company as purchased more raw material or produced more finished goods than it sold.
Hence, it implies cash outflow.
In rest of the options, either the cash is being raised (New issue of secuities) or a cash payment is being withheld for the time being contributing to the entity's current cash reserve (Increase in Accoounts Payable, Deferred taxes and wages).
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All of the following are considered inflows from cash EXCEPT: C Increase in accounts payable Deferred...
On the statement of cash flows, payments of accounts payable, taxes payable, and wages payable are...
On the statement of cash flows, payments of accounts payable, taxes payable, and wages payable are considered cash flows related to: investing activities. none of the above. financing activities. operating activities.
All of the following are procedures for the computation of deferred income taxes except to 1)...
All of the following are procedures for the computation of deferred income taxes except to 1) identify the types and amounts of existing temporary differences. 2) measure the total deferred tax liability for taxable temporary differences. 3) measure the total deferred tax liability for deductible temporary differences. 4) determine taxes payable. Page 9 of 28
All the following accounts increase with a Debit except: Select one: a. Revenue b. Land c....
All the following accounts increase with a Debit except: Select one: a. Revenue b. Land c. Accounts Receivable d. Cash Clear my choice
Accounts payable increase Accounts recevable increase Accrued abilities decrease Amortization expense Cash balance january 1 Cash...
Accounts payable increase Accounts recevable increase Accrued abilities decrease Amortization expense Cash balance january 1 Cash balance December 31 Carcha das duidends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Deprecation expense Gain on sale of equipment Inventory decrease 515.300 6.800 5.100 10.200 37.400 25,500 49.300 15 000 102.000 59.500 28.900 49.300 6,800 22.100 129.200 3.400 Support Prepsd expenses increase Averare current...
1. All of the following are reported as current liabilities except a. accounts payable. b. bonds...
1. All of the following are reported as current liabilities except a. accounts payable. b. bonds payable. c. notes payable. d. unearned revenues. 2. The relationship between current liabilities and current assets is a. useful in determining income. b. useful in evaluating a company's liquidity. c. called the matching principle. d. useful in determining the amount of a company's long-term debt. 3. Most companies pay current liabilities a. out of current assets. b. by issuing interest-bearing notes payable. c. by...
Use the following info about Can Corp. 2017. Accounts payable decrease 10,000 Accounts receivable increase 5000...
Use the following info about Can Corp. 2017. Accounts payable decrease 10,000 Accounts receivable increase 5000 Wages payable decrease 4000 Amortization expense 7000 Cash paid as dividends 30,000 Cash paid to purchase land 85,000 Cash paid to retire bonds payable at par 55,000 Cash received from issuance of common stock 40,000 Cash received from sale of equipment 20,000 Depreciation expense 30,000 Gain on sale of equipment 5,000 Inventory decrease 12,000 Net income 75,000 Prepaid expenses increase 1,000 What is the...
a. increase in cash flow from operating activities. b. decrease in cash flow from operating activities....
a. increase in cash flow from operating activities. b. decrease in cash flow from operating activities. C.. increase in cash flow from investing activities. d. decrease in cash flow from investing activities. e. increase in cash flow from financing activities. f. decrease in cash flow from financing activities. g. not a cash flow. 1. Payment on the principal portion of long-term debt 2. Issuance of bonds 3. Increase in accounts receivable 4. Cash dividends declared and not yet paid 5....
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash...
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase Average current liabilities $13,500 6,000 4,500 9,000 33,000 22,500 43.500 135,000 90,000 52,500 25,500 43,500 6,000 19,500...
Cash Accounts receivable (net) Inventory Investments in FV-NI securities Increase (Decrease) $90,000 78,000 169,000 (24,000) Accounts...
Cash Accounts receivable (net) Inventory Investments in FV-NI securities Increase (Decrease) $90,000 78,000 169,000 (24,000) Accounts payable Unearned revenue Bonds payable Common shares Contributed surplus Increase (Decrease ) $(83,400) 27,000 90.900 121.000 82.400 Calculate the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $17,700, which was paid in the current year. Net income for the current year $
23. All of the following are considered to be "cash equivalents" except A. Treasury bills B....
23. All of the following are considered to be "cash equivalents" except A. Treasury bills B. Commercial paper C. money market funds D. bond funds
All of the following are procedures for the computation of deferred income taxes except to 1) identify the types and amounts of existing temporary differences. 2) measure the total deferred tax liability for taxable temporary differences. 3) measure the total deferred tax liability for deductible temporary differences. 4) determine taxes payable. Page 9 of 28
All the following accounts increase with a Debit except: Select one: a. Revenue b. Land c. Accounts Receivable d. Cash Clear my choice
Accounts payable increase Accounts recevable increase Accrued abilities decrease Amortization expense Cash balance january 1 Cash balance December 31 Carcha das duidends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Deprecation expense Gain on sale of equipment Inventory decrease 515.300 6.800 5.100 10.200 37.400 25,500 49.300 15 000 102.000 59.500 28.900 49.300 6,800 22.100 129.200 3.400 Support Prepsd expenses increase Averare current...
a. increase in cash flow from operating activities. b. decrease in cash flow from operating activities. C.. increase in cash flow from investing activities. d. decrease in cash flow from investing activities. e. increase in cash flow from financing activities. f. decrease in cash flow from financing activities. g. not a cash flow. 1. Payment on the principal portion of long-term debt 2. Issuance of bonds 3. Increase in accounts receivable 4. Cash dividends declared and not yet paid 5....
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase Average current liabilities $13,500 6,000 4,500 9,000 33,000 22,500 43.500 135,000 90,000 52,500 25,500 43,500 6,000 19,500...
Cash Accounts receivable (net) Inventory Investments in FV-NI securities Increase (Decrease) $90,000 78,000 169,000 (24,000) Accounts payable Unearned revenue Bonds payable Common shares Contributed surplus Increase (Decrease ) $(83,400) 27,000 90.900 121.000 82.400 Calculate the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $17,700, which was paid in the current year. Net income for the current year $
23. All of the following are considered to be "cash equivalents" except A. Treasury bills B. Commercial paper C. money market funds D. bond funds
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