Homework Answers
| Cashflow Statement | Section | |
| 1 | Purchase Equipment | Investing - |
| 2 | Distribute a Stock Dividend | Non-cash investing and financing |
| 3 | Record Bad Debt Expense | Operating + |
| 4 | Decrease in Merchandise Inventory | Operating + |
| 5 | Pay off Bonds Payable | Financing - |
| 6 | Increase in Accounts Payable | Operating + |
| 7 | Issue Common Stock | Financing + |
| 8 | Sale of Long-term Investments | Investing + |
| 9 | Net Income | Operating + |
Note: Assuming Point no. 2 Distribute a Stock Dividend - is not cash dividends
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Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Investing and Financing Activities NOT affecting cash A list of items that appear on the Cash Flows Statement appear below: Using the letters (A-D), indicate in which section(s) of the statement of cash flows (or accompanying schedule) the preceding items would most likely be classified A Investing and Financing Activities NOT affecting cash B. Cash Flows...
Statement of Cash Flows The following is a list of the items to be included in the preparation of Warrick Company’s 2016 statement of cash flows: Net income, $41,600 Payment for purchase of building,...
Statement of Cash Flows The following is a list of the items to be included in the preparation of Warrick Company’s 2016 statement of cash flows: Net income, $41,600 Payment for purchase of building, $90,000 Increase in accounts receivable, $7,200 Proceeds from issuance of common stock, $37,000 Increase in accounts payable, $5,000 Proceeds from sale of land, $8,400 Depreciation expense, $20,000 Payment of dividends, $38,000 Gain on sale of land, $3,000 Decrease in inventory, $3,300 Payment for purchase of long-term...
AP-1B LO 3 Indicate the section of the statement of cash flows where each item would...
AP-1B LO 3 Indicate the section of the statement of cash flows where each item would be located (operating, investing or financing activities) using the indirect method. Also indicate whether the item would increase or decrease cash using the indirect method. Item Section Effect on Cash Decrease Investing Loss on sale of equipment Decrease in accounts payable Increase in food inventory Depreciation expense Gain on sale of investments Dividends paid Issuance of shares in the company Net income Decrease in...
Classification of Cash Flows For each of the items below, indicate whether the cash flow item...
Classification of Cash Flows For each of the items below, indicate whether the cash flow item relates to an operating activity, an investing activity, or a financing activity: a. Cash receipts from customers for services rendered b. Sale of long-term investments for cash c. Acquisition of plant assets for cash d. Payment of income taxes LO1 E13-1A. Chapter 13 Statement of Cash Flows e. f. 8. Bonds payable issued for cash Payment of cash dividends declared in previous year Purchase...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Credit Jan. 1 Mar. 12 Oct. 4 Balance Purchased for cash Sold for $204,000 Debit 1,131,000 1,504,000 1,329,000 373,000 175,000 Section of Statement of Cash Flows Item Added or Deducted Amount Mar. 12: Purchase of fixed asset Investing activities...
Using the codes below, indicate how each item will affect a Statement of Cash Flows. You...
Using the codes below, indicate how each item will affect a Statement of Cash Flows. You may use a code more than once or not at all. Code Effect OA Added to net income in the operating section OS Subtracted from net income in the operating section IR Cash receipt in the investing section IP Cash payment in the investing section FR Cash receipt in financing section FP Cash payment in financing section N Non-cash investing and/or financing activity Record...
Question 1 (60 points) Match items that appear on the statement of cash flows for the...
Question 1 (60 points) Match items that appear on the statement of cash flows for the year ended 12/31/2014 with the appropriate presentation on the statement. Decrease in salaries payable Increase in accounts receivable 1. added inflow in the operating activities section Net income 2. subtracted outflow in the operating activities section Cash paid for dividends 3. added inflow in the investing activities section Cash paid for construction of building 4 subtracted outflow in the investing activities section Cash received...
Indicate the type of cash flows resulting from the following transactions and whether it would increase...
Indicate the type of cash flows resulting from the following transactions and whether it would increase (I) or decrease (D) the cash flows. If a transaction has no cash flow effects, so indicate. Transaction Operating Investing Financing No CF effect EXAMPLE: Payment of note payable D Payment of dividends Acquisition of land by issuing a note Payments to suppliers Interest paid on bonds payable Purchase of equity securities on the market Cash received from customers Issuance of bonds payable Purchase...
1. Which of the following sections of the statement of cash flows include activities that increase...
1. Which of the following sections of the statement of cash flows include activities that increase and decrease long-term liabilities and stockholders' equity? A) the investing section B) the non-cash investing and financing section C) the financing section D) the operating section 2. Walker Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Walker Corp. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase/degrease Cash...
I need help with this accounting homework assignment. Exercise 3: Statement of Cash Flows Required: Indicate...
I need help with this accounting homework assignment.
Exercise 3: Statement of Cash Flows Required: Indicate where each of the following would appear on a Statement of Cash Flows prepared using the direct method for the operating section: A. Cash flows from operating activities B. Cash flows from investing activities c. Cash flows from financing activities D. Schedule of significant noncash investing and financing activities E. Would not appear on a statement of cash flows prepared under the direct method...
A statement of Cash Flows contains the following sections: Cash Flows from Operating Activities Cash Flows from Investing Activities Cash Flows from Financing Activities Investing and Financing Activities NOT affecting cash A list of items that appear on the Cash Flows Statement appear below: Using the letters (A-D), indicate in which section(s) of the statement of cash flows (or accompanying schedule) the preceding items would most likely be classified A Investing and Financing Activities NOT affecting cash B. Cash Flows...
AP-1B LO 3 Indicate the section of the statement of cash flows where each item would be located (operating, investing or financing activities) using the indirect method. Also indicate whether the item would increase or decrease cash using the indirect method. Item Section Effect on Cash Decrease Investing Loss on sale of equipment Decrease in accounts payable Increase in food inventory Depreciation expense Gain on sale of investments Dividends paid Issuance of shares in the company Net income Decrease in...
Classification of Cash Flows For each of the items below, indicate whether the cash flow item relates to an operating activity, an investing activity, or a financing activity: a. Cash receipts from customers for services rendered b. Sale of long-term investments for cash c. Acquisition of plant assets for cash d. Payment of income taxes LO1 E13-1A. Chapter 13 Statement of Cash Flows e. f. 8. Bonds payable issued for cash Payment of cash dividends declared in previous year Purchase...
Reporting Land Transactions on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Credit Jan. 1 Mar. 12 Oct. 4 Balance Purchased for cash Sold for $204,000 Debit 1,131,000 1,504,000 1,329,000 373,000 175,000 Section of Statement of Cash Flows Item Added or Deducted Amount Mar. 12: Purchase of fixed asset Investing activities...
Question 1 (60 points) Match items that appear on the statement of cash flows for the year ended 12/31/2014 with the appropriate presentation on the statement. Decrease in salaries payable Increase in accounts receivable 1. added inflow in the operating activities section Net income 2. subtracted outflow in the operating activities section Cash paid for dividends 3. added inflow in the investing activities section Cash paid for construction of building 4 subtracted outflow in the investing activities section Cash received...
1. Which of the following sections of the statement of cash flows include activities that increase and decrease long-term liabilities and stockholders' equity? A) the investing section B) the non-cash investing and financing section C) the financing section D) the operating section 2. Walker Corp. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Walker Corp. Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Increase/degrease Cash...
I need help with this accounting homework assignment.
Exercise 3: Statement of Cash Flows Required: Indicate where each of the following would appear on a Statement of Cash Flows prepared using the direct method for the operating section: A. Cash flows from operating activities B. Cash flows from investing activities c. Cash flows from financing activities D. Schedule of significant noncash investing and financing activities E. Would not appear on a statement of cash flows prepared under the direct method...
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