Homework Answers
Ques-1)
Ans- Option B
Eric taking out loan increases the cash flow in business and the same is reported in Cash flow from Financing activities.
- Signing a contract and deppreciation is not an Cash flow effect, while Customer buying refrigator on Loan too does not have an cash flow effect as monthly payment for the same will start later.
Ques-2)
Ans- Option A. Balance Sheet
Balance sheet reflects all the financial information like Comapny's assets, Liabilities and Equity on a given date. thus, it is referred as Snapshot of Organization.
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prepared the following statement of cash flows.
The managers were worried that investors would be displeased by
the negative operating cash flow and that the company’s share price
might fall as a result. One manager suggested that the interest
paid and interest received might be classified as financing cash
flows and investing cash flows respectively, so that the company’s
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CLASSIFICATION OF CASH FLOWS The accountant for Delta Ltd
prepared the following statement of cash flows.
The managers were worried that investors would be displeased by
the negative operating cash flow and that the company’s share price
might fall as a result. One manager suggested that the interest
paid and interest received might be classified as financing cash
flows and investing cash flows respectively, so that the company’s
cash flow would look better.
Required 1. Calculate the net cash flows...
Gains and losses are shown in which of the following statements? Select one: a statement of stockholder's equity b. Income statement c. Statement of cash flow d. Balance sheet
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Which of the following is a true statement regarding relationships between the financial statements? Select one: a. Sale on credit increases net sales on Income Statement and decreases inventory on Balance Sheet b. When a customer pays for a product accounts receivable on balance sheet becomes income on Income Statement c. When expenses are paid, cash from operations increases on Cash Flow, and Accounts Payable decreases on Balance Sheet d. Expenses incurred on Income Statements become accounts receivable on the...
Day (Related to Checkpoint 3.3) (Analyzing the cash flow Statement) Google, Inc. (GOOG), is one of the most successful Internet firms, and it experienced very rapid growth in revenues from 2011 through 2014. The cash flow statements for Google, Inc. spanning the period are found here: Answer the following questions using the information found in these statements: a. Is Google generating positive cash flow from its operations? b. How much did Google invest in new capital expenditures over the period?...
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