The ending figure on the statement of cash flows should match what figure on the balance...
The ending figure on the statement of cash flows should match what figure on the balance sheet?
a.Total assets
b.Cash balance
c.Total stockholders' equity
d.Retained earnings balance
Homework Answers
Answer- (b). Cash balance.
Explanation-
Cash flow statement is a statement prepared to analyse the movement of cash inflows and cash outflows in an entity. It shows the changes in the balance sheet account and the income which affect the cash and cash equivalents.
Cash flow is divided into three major activities. i.e.
cash from operating activities.
cash from investing activities
Cash from financing activities.
The result of these 3 activity are added together with the opening cash and cash equivalents and the final result we will get is closing cash and cash equivalents.
This closing cash balance can be matched or verified with the cash balance stated in the balance sheet.
Thus, The ending figure on the statement of cash flows should match with the figure of Cash balance in the balance sheet.
Add Answer to:
The ending figure on the statement of cash flows should match
what figure on the balance...
Given the following framework for the statement of cash flows, what is missing? Cash flows from...
Given the following framework for the statement of cash flows, what is missing? Cash flows from operating activities $XXX Cash flows from investing activities XXX Change in cash $XXX Beginning cash balance XXX Ending cash balance $XXX a.Free cash flow b.Cash flows from financing activities c.Beginning retained earnings balance d.Total stockholders' equity
2. Prepare a statement of cash flows (Cash outflows and decreases in cash should be indicated...
2. Prepare a statement of cash flows (Cash outflows and decreases in cash should be indicated by a minus dian SQUIRREL TREE SERVICES Statement of Cash Flows Cash Flows from Operating Activities From customers $ 100,000 For salaries (5.500) For supplies (24.000) 70.500 Net cash flows from operating activities Cash Flows from Investing Activities Purchase building Sale of investments (102.000) 38,000 I (64,000) Net cash flows from investing activities Cash Flows from Financing Activities Borrow from bank Pay dividends 40.000...
T-Accounts? Trial Balance? Income statement? Statement of changes? Balance sheet? Statement of cash flows? The following...
T-Accounts? Trial Balance? Income statement? Statement of
changes? Balance sheet? Statement of cash flows?
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from...
The ending balance of the retained earnings account appears in a.both the statement of stockholders' equity...
The ending balance of the retained earnings account appears in a.both the statement of stockholders' equity and the balance sheet b.both the statement of stockholders' equity and the statement of cash flows c.both the statement of stockholders' equity and the income statement d.only the statement of stockholders' equity
On a common-size balance sheet, notes payable is shown as a percentage of a.Total assets. b.Current...
On a common-size balance sheet, notes payable is shown as a percentage of a.Total assets. b.Current liabilities c.Total stockholders’ equity. d. Total liabilities.
_____ report a company's performance for each period, independent of other periods. a.The statement of cash...
_____ report a company's performance for each period, independent of other periods. a.The statement of cash flows and the income statement b.The statement of cash flows and the balance sheet c.The income statement and the balance sheet d.The balance sheet and the statement of retained earnings Which of the following is the last of the financial statements to be prepared by a company for any given financial year? a.The statement of stockholders' equity b.The balance sheet c.The statement of cash...
Following are a statement of cash flows (indirect method) for Harris, Inc., for the year ended...
Following are a statement of cash flows (indirect method) for
Harris, Inc., for the year ended December 31, 2017, and the firm’s
balance sheet at December 31, 2016:
HARRIS, INC.
Statement of Cash Flows
For the year Ended December 31, 2017
Cash Flows from Operating Activities:
Net income
$
13,600
Add (deduct) items not affecting cash:
Depreciation expense
32,000
Increase in accounts receivable
(7,000
)
Decrease in merchandise inventory
32,800
Increase in accounts payable
4,900
Net cash provided by operating...
What's the difference between the Statement of Cash Flows and the beginning and ending cash on...
What's the difference between the Statement of Cash Flows and the beginning and ending cash on the Balance Sheet? What should the net change in cash section of the statement of cash flows always reconcile with?
Question 2 Prepare a Statement of Cash Flows for the Year Ending December 31, 201? for...
Question 2 Prepare a Statement of Cash Flows for the Year Ending December 31, 201? for the Jentayu Corporation from the following Income Statement& Balance Sheet. Jentayu Corporation Income Statement For the Year Ended 31 December, 2018(in RM Millions) RM 600 460 140 Sales (-) Cost of goods sold Gross profits (-) Operating expenses: 20 Selling expenses General & administrative expenses Total operating expenses EBITDA Depreciation expense 15 35 105 30 75 15 60 18 Interest expense EBT Taxes Net...
12 Ending cash balance is shown on which of the following financial statements? Part 2 of...
12 Ending cash balance is shown on which of the following financial statements? Part 2 of S Multiple Choice pons Balance Sheet Balance Sheet and Statement of Cash Flows Statement of Cash Flows Income Statement and Statement of Changes in Stockholders Equity
2. Prepare a statement of cash flows (Cash outflows and decreases in cash should be indicated by a minus dian SQUIRREL TREE SERVICES Statement of Cash Flows Cash Flows from Operating Activities From customers $ 100,000 For salaries (5.500) For supplies (24.000) 70.500 Net cash flows from operating activities Cash Flows from Investing Activities Purchase building Sale of investments (102.000) 38,000 I (64,000) Net cash flows from investing activities Cash Flows from Financing Activities Borrow from bank Pay dividends 40.000...
T-Accounts? Trial Balance? Income statement? Statement of
changes? Balance sheet? Statement of cash flows?
The following events apply to Paradise Vacations's first year of operations: 1. Acquired $36,000 cash from the issue of common stock on January 1, 2018. 2. Purchased $1,600 of supplies on account. 3. Paid $6,120 cash in advance for a one-year lease on office space. 4. Earned $44,350 of revenue on account. 5. Incurred $14,900 of other operating expenses on account. 6. Collected $32,000 cash from...
Following are a statement of cash flows (indirect method) for
Harris, Inc., for the year ended December 31, 2017, and the firm’s
balance sheet at December 31, 2016:
HARRIS, INC.
Statement of Cash Flows
For the year Ended December 31, 2017
Cash Flows from Operating Activities:
Net income
$
13,600
Add (deduct) items not affecting cash:
Depreciation expense
32,000
Increase in accounts receivable
(7,000
)
Decrease in merchandise inventory
32,800
Increase in accounts payable
4,900
Net cash provided by operating...
What's the difference between the Statement of Cash Flows and the beginning and ending cash on the Balance Sheet? What should the net change in cash section of the statement of cash flows always reconcile with?
Question 2 Prepare a Statement of Cash Flows for the Year Ending December 31, 201? for the Jentayu Corporation from the following Income Statement& Balance Sheet. Jentayu Corporation Income Statement For the Year Ended 31 December, 2018(in RM Millions) RM 600 460 140 Sales (-) Cost of goods sold Gross profits (-) Operating expenses: 20 Selling expenses General & administrative expenses Total operating expenses EBITDA Depreciation expense 15 35 105 30 75 15 60 18 Interest expense EBT Taxes Net...
12 Ending cash balance is shown on which of the following financial statements? Part 2 of S Multiple Choice pons Balance Sheet Balance Sheet and Statement of Cash Flows Statement of Cash Flows Income Statement and Statement of Changes in Stockholders Equity
Most questions answered within 3 hours.
-
On October 1, 20X1, a company purchased a piece of land by
agreeing to pay the...
asked 2 minutes ago -
Jamie is doing a survey at her school about whether the students
feel the cafeteria food...
asked 7 minutes ago -
What are the roles of 3' and 5' untranslated regions in
mRNAs?
asked 8 minutes ago -
A domestic television receives antenna delivers a sky noise
power of -105 dBm to a matched...
asked 7 minutes ago -
What do you think are the chemical reactions involved in the
breathalyzer tests administered to potentially...
asked 22 minutes ago -
A random sample of 120 observations produces a mean of
38.2 from a population with a...
asked 29 minutes ago -
The average area of land burned by forest fires every year in
Canada is 2.5 million...
asked 31 minutes ago -
36. The basic difference between government bureaus and market
firms is that bureaus:
a. can...
asked 31 minutes ago -
java
- A recursive method findR() to search for a number in list
(ArrayList)
- A...
asked 50 minutes ago -
Which of the following is an example of a screen against adverse
selection? [Mark All That...
asked 48 minutes ago -
A worker drives a 0.560 kg spike into a rail tie with a 2.76 kg
sledgehammer....
asked 54 minutes ago -
Assume the following information concerning two stocks that make
up an index. What is the price-weighted...
asked 57 minutes ago