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Chapter 14 Practice Test Question 04 Statement of Cash Flows Given the following cash flow items...
Chapter 14 Practice Test Question 01 Income Statement Items You have the following data (in millions):...
Chapter 14 Practice Test Question 01 Income Statement Items You have the following data (in millions): Sales = $47, Interest Expense - $7, Cost of Goods Sold = $15, Depreciation Expense = $2, Selling, General and Administrative Expenses = $3, Taxes = $6. The firm's EBIT is million and Net Income is __ million. Multiple Choice O $42: $20 O $27: $14 O $32: $20 O $29: $14 Chapter 14 Practice Test Question 02 Market Capitalization You find the following...
3-13. (Working with a statement of cash flows) Prepare a statement of cash flows from the...
3-13. (Working with a statement of cash flows) Prepare a statement of cash flows from the following scrambled list of items. Increase in inventories Operating income Dividends Increase in accounts payable Interest expense Increase in common stock (par) Depreciation expense Increase in accounts receivable Increase in long-term debt Increase in short-term notes payable Increase in gross fixed assets Increase in paid in capital Income taxes Beginning cash $ 7,000 219,000 29,000 43,000 45,000 5,000 17,000 69,000 53,000 15,000 54.000 20,000...
Below is a firm's cash flow statement. What are its operating cash flows, financing cash flows...
Below is a firm's cash flow statement. What are its operating cash flows, financing cash flows and operating + investing cash flows? Net loss $ (2,221) Depreciation and amortization 375 Impairment charges 427 Merchandise inventories 1,213 Merchandise payables (526) Other operating assets (649) Net cash used in operating activities (1,381) Proceeds from sales of property and investments 386 Purchases of property and equipment (142) Net cash provided by investing activities 244 Proceeds from debt issuances 1,962 Increase (decrease) in short-term...
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...
MBA500 Project 6 Statement of Cash Flows Practice Problem CHAPTER 13 Statement of Cash Flows QUIZ...
MBA500 Project 6 Statement of Cash Flows Practice Problem CHAPTER 13 Statement of Cash Flows QUIZ C Using the following information, prepare the Statement of Cash Flows for Nutritional Foods for the year ended December 31, 2010 in the Answer sheet in this Excel spreadsheet. Place parentheses around those figures in the statement representing cash outlays. Then answer the 4 questions in the Answer sheet in this Excel spreadsheet. Payments for purchase of land $416,000 Proceeds from sale of land...
Statement of Cash Flows The following are several items involving Tejera Company's cash flow activities for...
Statement of Cash Flows The following are several items involving Tejera Company's cash flow activities for 2019: a. Net income, $66,400 b. Receipt from issuance of common stock, $36,000 c. Payment for purchase of equipment, $41,600 d. Payment for purchase of land, $19,600 e. Depreciation expense, $20,500 f. Patent amortization expense, $1,200 g. Payment of dividends, $21,000 h. Decrease in salaries payable, $2,600 i. Increase in accounts receivable, $10,600 j. Beginning cash balance, $30,800 Required Prepare Tejera's statement of cash...
QUESTION 1 Given the following income statement and balance sheet data, select which items would be...
QUESTION 1 Given the following income statement and balance sheet data, select which items would be included in presenting the cash flow from operating activities section of the statement of cash flows using the indirect method: 2019 $50,000 33,400 16,600 13,600 920 Income Statement ($ millions) Sales Less: Cost of goods sold Gross profits Less: Cash operating expenses Less: Depreciation expense Less: Amortization of intangible assets Operating profits (EBIT) Less: Interest expense Equity in earnings (loss) of affiliate Gain (loss)...
13. Here is the Ohrstrom Company's cash flow statement for 2006: $ Cash flow from operations:...
13. Here is the Ohrstrom Company's cash flow statement for 2006: $ Cash flow from operations: Net income Depreciation Decrease (increase) in working capital 624 511 (398) 733 Cash flow from investing: (Investment) in fixed assets Disposition of fixed assets (1,355) 83 (1,272) Cash flow from financing: Sale of common stock Reduction in long-term debt Dividends 1,000 (300) (220) 480 59) Net change in cash and cash equivalents ($ Ohrstrom's 2005 year-end balance sheet revealed the following summary balances: Working...
Preparing a Statement of Cash Flows (Indirect Method) The following financial statements were issued by Hoskins...
Preparing a Statement of Cash Flows (Indirect Method) The following financial statements were issued by Hoskins Corporation for the fiscal year ended December 31, 2016. All amounts are in millions of U.S. dollars. Balance Sheets 2015 2016 $300 600 400 400 1,700 6,200 (2,100) 4,100 $5,800 $550 1,500 500 150 2,700 6,100 (1,750) 4,350 $7,050 Accounts Receiwable Prepaid Expenses Current Assets Property, Plant and Equipment at Cost Less Accumulated Depreciation Property, Plant and Equipment, Net Total Assets Liabilities and Shareholders...
Use the starting balance sheet and statement of cash flows to answer the question. Lightspeed Industries...
Use the starting balance sheet and statement of cash flows to answer the question. Lightspeed Industries Balance Sheet As of December 31, 2018 (amounts in thousands) Cash 141,000 Accounts Payable 19,000 Accounts Receivable 32,000 Debt 36,000 Inventory 49,000 Other Liabilities 20,000 Property Plant & Equipment, Gross 231,000 Total Liabilities 75,000 Accumulated Depreciation 68,000 Paid-In Capital 72,000 Property Plant & Equipment, Net 163,000 Retained Earnings 243,000 Other Assets 5,000 Total Equity 315,000 Total Assets 390,000 Total Liabilities & Equity 390,000 Lightspeed...
Chapter 14 Practice Test Question 01 Income Statement Items You have the following data (in millions): Sales = $47, Interest Expense - $7, Cost of Goods Sold = $15, Depreciation Expense = $2, Selling, General and Administrative Expenses = $3, Taxes = $6. The firm's EBIT is million and Net Income is __ million. Multiple Choice O $42: $20 O $27: $14 O $32: $20 O $29: $14 Chapter 14 Practice Test Question 02 Market Capitalization You find the following...
3-13. (Working with a statement of cash flows) Prepare a statement of cash flows from the following scrambled list of items. Increase in inventories Operating income Dividends Increase in accounts payable Interest expense Increase in common stock (par) Depreciation expense Increase in accounts receivable Increase in long-term debt Increase in short-term notes payable Increase in gross fixed assets Increase in paid in capital Income taxes Beginning cash $ 7,000 219,000 29,000 43,000 45,000 5,000 17,000 69,000 53,000 15,000 54.000 20,000...
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...
Statement of Cash Flows The following are several items involving Tejera Company's cash flow activities for 2019: a. Net income, $66,400 b. Receipt from issuance of common stock, $36,000 c. Payment for purchase of equipment, $41,600 d. Payment for purchase of land, $19,600 e. Depreciation expense, $20,500 f. Patent amortization expense, $1,200 g. Payment of dividends, $21,000 h. Decrease in salaries payable, $2,600 i. Increase in accounts receivable, $10,600 j. Beginning cash balance, $30,800 Required Prepare Tejera's statement of cash...
QUESTION 1 Given the following income statement and balance sheet data, select which items would be included in presenting the cash flow from operating activities section of the statement of cash flows using the indirect method: 2019 $50,000 33,400 16,600 13,600 920 Income Statement ($ millions) Sales Less: Cost of goods sold Gross profits Less: Cash operating expenses Less: Depreciation expense Less: Amortization of intangible assets Operating profits (EBIT) Less: Interest expense Equity in earnings (loss) of affiliate Gain (loss)...
13. Here is the Ohrstrom Company's cash flow statement for 2006: $ Cash flow from operations: Net income Depreciation Decrease (increase) in working capital 624 511 (398) 733 Cash flow from investing: (Investment) in fixed assets Disposition of fixed assets (1,355) 83 (1,272) Cash flow from financing: Sale of common stock Reduction in long-term debt Dividends 1,000 (300) (220) 480 59) Net change in cash and cash equivalents ($ Ohrstrom's 2005 year-end balance sheet revealed the following summary balances: Working...
Preparing a Statement of Cash Flows (Indirect Method) The following financial statements were issued by Hoskins Corporation for the fiscal year ended December 31, 2016. All amounts are in millions of U.S. dollars. Balance Sheets 2015 2016 $300 600 400 400 1,700 6,200 (2,100) 4,100 $5,800 $550 1,500 500 150 2,700 6,100 (1,750) 4,350 $7,050 Accounts Receiwable Prepaid Expenses Current Assets Property, Plant and Equipment at Cost Less Accumulated Depreciation Property, Plant and Equipment, Net Total Assets Liabilities and Shareholders...
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