Homework Answers
Question 4
Financing activities and cash flow statement includes borrowings and repayment of loan.
True
Question 5
Under indirect method of cash flow statement the operating activities will include transactions affecting the income.
True
Question 6
Under indirect method of cash flow statement the difference between the net income and cash flows are reconciled.
True
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Question 4 (1 point) Financing activities include borrowing and repayment of loans. True False Question 5...
Cash paid for interest on a loan is classified as a cash flow from financing activities...
Cash paid for interest on a loan is classified as a cash flow from financing activities in a statement of cash flows. Select one: True False Two different methods of determining and presenting the net cash flows from operating activities are the indirect method and the reconciliation method. Select one: True False The operating activities section of the statement of cash flows shows a reconciliation of net income to the net cash provided by operating activities amount under the direct...
1. Cash flows from financing activities do not include: A) cash received from issuing preferred stock....
1. Cash flows from financing activities do not include: A) cash received from issuing preferred stock. B) cash paid for treasury stock. C) declaration of a cash dividend. D) repayment of a bank loan. 2.Which of the following is not reported as an adjustment to net income when using the indirect method of computing net cash flows from operating activities? A) Cash dividends paid. B) A change in accounts receivable. C) Depreciation. D) A change in a prepaid expense.
Required: 1. Calculate the net cash flow from Operating, Investing & Financing activities using the Indirect...
Required: 1. Calculate the net cash flow from Operating, Investing & Financing activities using the Indirect Method 2. Calculate the cash flow increase or decrease using the Indirect Method Bar Co. had the following transactions during the current financial reporting period. Decrease in inventories $13,000 Increase in accounts payable $34,000 Decrease in income taxes payable $36,700 Decrease in wages payable $18,000 Proceeds on Sale of Equipment $80,000 Repayment of bonds $50,000 Net Income $86,000 Depreciation $20,000 Decrease in accounts receivable...
True of false: 1. if a company uses the direct method of calculating net cash flows from operating activities, it must adjust net income for gains or losses when selling property when selling property...
True of false: 1. if a company uses the direct method of calculating net cash flows from operating activities, it must adjust net income for gains or losses when selling property when selling property, plant, & equipment 2. when preparing the operating activities section of the statement of cash flows using the indirect method, an increase in income taxes payable is added to net income 3. the issuance of a stock dividend is a cash outflow in the financing activities...
True or False: 1. Transactions that result in significant investing and financing activities bu that do...
True or False: 1. Transactions that result in significant investing and financing activities bu that do not involve cash are reported either directly after the statement of cash flows or in a note to the financial statements 2. Nonoperating items that increase net income, such as gains on the sale of fixed assets, must be added in calculating operating cash flows 3. An increase in a current asset account, other than cash, results in an addition in calculating operating cash...
TRUE/FALSE. Write 'T' if the statement is true il 1) Financing activities are transactions involving external...
TRUE/FALSE. Write 'T' if the statement is true il 1) Financing activities are transactions involving external sources of funding. 2) Expense accounts increase with a debit and decrease with a credit 3) Purchasing equipment using cash causes assets to increase 4) Liability accounts increase with a debit and decrease with a credit 6) 5) Borrowing cash from the bank causes assets to increase and liabilities to increase 6) Amounts owed to suppliers, employees, the government in the form of taxes,...
QUESTION 16 The financing activities section of the statement of cash flows includes activities that affect...
QUESTION 16 The financing activities section of the statement of cash flows includes activities that affect current assets and current liabilities. True False QUESTION 17 The statement of cash flows helps users evaluate the company's earnings per share evaluate management decisions predict future net income predict the growth of a company's assets Click Save and Submit to save and submit. Click Save All Answers to save all answers. 3 6 39 10 11 12 13 13 16 17 QUESTIONS Obligations...
Analyze your company’s investing and financing activities for the most recent year as identified in the...
Analyze your company’s investing and financing
activities for the most recent year as identified in the statement
of cash flows, specifically identifying the two largest investing
activities and the two largest financing activities. Evaluate the
cash flow from operating activities of the firm (specifically
analyze whether the company is performing better over the years,
discuss whether cash flow from operating activities appears to be
satisfactory given the current business environment and firms’
stage in the life cycle).
The company taken...
Question 8 Which of the following statements is false? Financing activities in a cash flow statement...
Question 8 Which of the following statements is false? Financing activities in a cash flow statement include obtaining resources from owners and creditors and repaying amounts borrowed. The statement of cash flows reports the cash receipts and cash payments of an entity over a period of time. The operating activities in a cash flow statement include transactions which affect the sale and the purchase or production of goods and services. The statement of cash flows is similar to the income...
correct answer Date: 1160 S 19 TRUE/FALSE. Write T if the statement is true and F if the statement is false, 1) T...
correct answer
Date: 1160 S 19 TRUE/FALSE. Write T if the statement is true and F if the statement is false, 1) The statement of cash flows reflects cash flows on a particular date 2) The statement of cash flows reports why cash increased or decreased during the period. 3) Investors and management use the statement of cash flows to evaluate a firm's profitability 4) For purposes of the statement of cash flows. "cash includes cash on hand, cash in...
Cash paid for interest on a loan is classified as a cash flow from financing activities in a statement of cash flows. Select one: True False Two different methods of determining and presenting the net cash flows from operating activities are the indirect method and the reconciliation method. Select one: True False The operating activities section of the statement of cash flows shows a reconciliation of net income to the net cash provided by operating activities amount under the direct...
TRUE/FALSE. Write 'T' if the statement is true il 1) Financing activities are transactions involving external sources of funding. 2) Expense accounts increase with a debit and decrease with a credit 3) Purchasing equipment using cash causes assets to increase 4) Liability accounts increase with a debit and decrease with a credit 6) 5) Borrowing cash from the bank causes assets to increase and liabilities to increase 6) Amounts owed to suppliers, employees, the government in the form of taxes,...
QUESTION 16 The financing activities section of the statement of cash flows includes activities that affect current assets and current liabilities. True False QUESTION 17 The statement of cash flows helps users evaluate the company's earnings per share evaluate management decisions predict future net income predict the growth of a company's assets Click Save and Submit to save and submit. Click Save All Answers to save all answers. 3 6 39 10 11 12 13 13 16 17 QUESTIONS Obligations...
Analyze your company’s investing and financing
activities for the most recent year as identified in the statement
of cash flows, specifically identifying the two largest investing
activities and the two largest financing activities. Evaluate the
cash flow from operating activities of the firm (specifically
analyze whether the company is performing better over the years,
discuss whether cash flow from operating activities appears to be
satisfactory given the current business environment and firms’
stage in the life cycle).
The company taken...
correct answer
Date: 1160 S 19 TRUE/FALSE. Write T if the statement is true and F if the statement is false, 1) The statement of cash flows reflects cash flows on a particular date 2) The statement of cash flows reports why cash increased or decreased during the period. 3) Investors and management use the statement of cash flows to evaluate a firm's profitability 4) For purposes of the statement of cash flows. "cash includes cash on hand, cash in...
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