Homework Answers
1. Option (D) is correct
Depreciation is a non cash item, so it will not affect any part of cash flow statement.
2. Option (B) is correct
Cash receipt / payment from sale or purchase of assets will affect investing activities.
3. Option (D) is correct
Loss on sale of equipment is a non cash item, so it will not affect any part of cash flow statement.
4. Option (C) is correct
Issue and repayment of equity and debt capital forms part of financing section. So, declaration and payment of dividends will affect financing activities.
5. Option (D) is correct
Gain on sale of automobile is a non cash item, so it will not affect any part of cash flow statement.
6. Option (B) is correct
Cash receipt / payment from sale or purchase of assets will affect investing activities.
7. Option (A) is correct
8. Option (A) is correct
9. Option (C) is correct
Issue and repayment of equity and debt capital forms part of financing section.
10. Option (C) is correct
Issue and repayment of equity and debt capital forms part of financing section. Purchase of company's own stock is a financing activity.
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For each of the following items, indicate which part will be affected. 1. Depreciation Expense. A....
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment Distribute a Stock Dividend [Choose ] Investing + Non-cash investing and financing Financing - Investing - Financing + Operating - Operating + Record Bad Debt Expense Decrease in Merchandise Inventory [Choose Pay off Bonds Payable [Choose) Increase in Accounts Payable [Choose Issue Common Stock [Choose] Sale of long-term investments [Choose] Net Income [Choose)
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Part 1. Indicate whether each of the following items of a firm would be associated with...
Part 1. Indicate whether each of the following items of a firm would be associated with a cash inflow (I), cash outflow (O), or noncash item (N) and under which category each would be reported on a statement of cash flows: Operating Activities (OA), Investing Activities (IA), Financing Activities (FA), or not on the statement (NOS). ITEM CLASSIFIED AS I, O or N REPORTED UNDER OA, IA, FA or NOS 1. Cash the firm paid to suppliers 2. Sale of...
In preparing a company's statement of cash flows for the mostrecent year, the following information...
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Accounts payable increase Accounts recevable increase Accrued abilities decrease Amortization expense Cash balance january 1 Cash...
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In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss...
In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment $14,000 Purchase of equipment $145,000 Proceeds from the sale of equipment $126,000 Repayment of outstanding bonds $87,000 Purchase of treasury stock $62,000 Issuance of common stock $96,000 Purchase of land $115,000 Increase in accounts receivable during the year $43,000 Decrease in accounts payable during the year $75,000 Payment of cash dividends $35,000 Net cash flows from...
P 10-2 Cash Flows Classification Operating Investing Financing Effect on Cash Activity Activity Activity Increase Decrease...
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Cash flows resulting from a company's normal earnings process are reported on the statement of cash...
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Indicate whether each of the following items should be classified as an operating, investing, or financing activity on...
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 loan f. Interest...
Indicate which section of the Statement of Cash flows the following items would appear: Purchase Equipment Distribute a Stock Dividend [Choose ] Investing + Non-cash investing and financing Financing - Investing - Financing + Operating - Operating + Record Bad Debt Expense Decrease in Merchandise Inventory [Choose Pay off Bonds Payable [Choose) Increase in Accounts Payable [Choose Issue Common Stock [Choose] Sale of long-term investments [Choose] Net Income [Choose)
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P 10-2 Cash Flows Classification Operating Investing Financing Effect on Cash Activity Activity Activity Increase Decrease Data a. Net income b. Paid cash dividend c. Increase in receivables d. Retirement of debt-paying cash Purchase of treasury stock Purchase of equipment e. f. Cash Flows Classification Operating Investing Financing Noncash Effect on Cash Trans- Decrease actions Data Activity Activity Activity Increase Sale of equipment Decrease in inventory Acquisition of land, using common stock Retired bonds, using common stock Decrease in accounts...
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 loan f. Interest...
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