01:48 ces Exercise 12-1 (Algo) Indirect: Classifying Cash flows LO C1 Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the a column(s). Note: More than one column may be used. a. Purchased treasury stock with cash b. Accounts receivable decreased in the year c. Issued bonds in return for cash d. Inventory increased in the year e. Recorded depreciation expense f. Purchased land by issuing common stock g. Prepaid expenses increased in the year h. Purchased a building with cash L. Sold merchandise to customer for cash j. Received a cash dividend from investment Statement of Cash Flows Operating Investing Activities Activities X X Financing Activities Noncash Investing & Financing Activities Not Reported on Statement or in Notes

01:48 ces Exercise 12-1 (Algo) Indirect: Classifying Cash flows LO C1 Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the a column(s). Note: More than one column may be used. a. Purchased treasury stock with cash b. Accounts receivable decreased in the year c. Issued bonds in return for cash d. Inventory increased in the year e. Recorded depreciation expense f. Purchased land by issuing common stock g. Prepaid expenses increased in the year h. Purchased a building with cash L. Sold merchandise to customer for cash j. Received a cash dividend from investment Statement of Cash Flows Operating Investing Activities Activities X X Financing Activities Noncash Investing & Financing Activities Not Reported on Statement or in Notes

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.16E

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Refer to the information for Cornett Company above. What amount should Cornett report on its statement of cash flows as net cash flows provided by investing activities? a. $(5,200) b. $55,200 c. $144,800 d. None of these
ces Exercise 12-1 (Algo) Indirect: Classifying Cash flows LO C1 Indicate where each item would appear on a statement of cash flows using the indirect method by placing an X in the appropriate column(s). Note: More than one column may be used. a. Purchased treasury stock with cash b. Inventory increased in the year c Issued bonds in return for cash d. Accounts payable decreased in the year e. Income taxes payable increased in the year f. Purchased land by issuing common stock g. Sold merchandise to customer for cash h. Purchased a building with cash i. Received a cash dividend from investment Statement of Cash Flows Operating Investing Financing Activities Activities Activities Dini # Noncash Investing & Financing. Activities Navt Not Reported on Statement or in Notes
Exercise 12-1 (Algo) Indirect: Classifying Cash flows LO C1 Indicate where each item would appear on a statement of cash flows using the Indirect method by placing an X In the appropriate column(s). (More than one column may be used.) a. Paid cash to settle long-term notes payable b. Inventory increased in the year c. Issued common stock for cash d. Accounts payable decreased in the year e. Income taxes payable increased in the year f. Retired bonds payable by issuing stock g. Sold merchandise to customer for cash h. Sold land in return for cash i. Received a cash dividend from investment j. Recorded depreciation expense X Operating Investing Activities Activities X X X X Answer is not complete. X Statement of Cash Flows > X Financing Activities X X X x Noncash Investing & Financing Activities X x Not Reported on Statement or in Notes
ent of cash fiows using the uO jpadde pinomA Ua column(s). (More than one column may be used.) Noncash Investing & Financing Activities Statement of Cash Flows Not Reported on Statement or in Notes Operating Activities Investing Activities Financing Activities a. Paid cash to settle long-term notes payable b. Prepaid expenses increased in the year c. Issued common stock for cash d. Accounts receivable decreased in the year e. Inventory increased in the year f. Purchased equipment by issuing a note g. Accounts payable decreased in the year h. Purchased a trademark with cash. i. Income taxes payable increased in the year j. Sold merchandise to customer for cash
takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Which statement is not true? Oa. Disclosures related to receivables are reported on the financial statement notes. Ob. Current assets are normally reported in order of their liquidity. Oc. All receivables that are expected to be realized in cash beyond 265 days are reported in the non-current assets section. Od. Cash and cash equivalents are the first items reported under current assets.
Increase in notes receivable is reported as ?cash flow from "operating" activities اخترأحد الخيارات a. False O b. True O
8. Compute the acid-test (quick ratio) ratio using the following data: highly liquid assets cash, AR, ST investment A) B) C) D) 1.15 1.24 1.33 1.86 Answer: B Cash Inventory Accounts Receivable Current ratio $115,000 105,000 55,000 2.00
24. Changes in balance sheet accounts are necessary fora.A typical ratio analysis.b.Pro forma balance sheet construction.c.Statement of cash flows construction.d.Profit and loss analysis.e.Pro forma income statement construction. 25. Which of the following would be classified as a use of cash?a.An increase in accounts payable.b.A decrease in marketable securities.c.A decrease in accounts receivable.d.An increase in retained earnings.e.An increase in inventories.
. Which of the following are sources of cash?I. decreasing accounts receivableII. increasing inventoryIII. increasing accounts payableIV. increasing common stock A. I and III only B. II and IV only C. II and III only D. I and IV only E. I, III, and IV only
Adjust the Cash Balance We obtain the following 2020 forecasts of selected financial statement line items for Journey Company. 2019 Actual 2020 Est. $535,667 $559,772 50,725 46,945 261,998 233,178 38,688 38,688 43,618 (11,270) (41,323) $ millions Net Sales Marketable securities Long-term debt Treasury stock (deducted from equity) Cash generated by operations Cash used for investing Cash used for financing Total net change in cash Cash at beginning of period Cash at end of period Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal places. a. Does forecasted cash deviate from the normal level for this company? Calculate the company's normal cash level as a percentage of sales. Normal cash as a % of sales 0% $ Using the answer above, compute what should be the normal cash balance for FY2020. Normal cash balance for FY2020 0 b. Is the…
Check my work QS 12-18 (Algo) Indirect: Preparing statement of cash flows LO P2, P3 Use the following information of VPI Company to prepare a statement of cash flows for the year ended December 31 using the indirect method. (Amounts to be deducted should be indicated by a minus sign.) Cash balance at prior year-end Increase in inventory Depreciation expense Cash received from issuing stock Cash paid for dividends $ 41,000 Gain on sale of machinery 6,000 Cash received from sale of machinery 5,000 Increase in accounts payable $ 2,250 10,000 2,000 33,000 9,000 Net income 2,000 Decrease in accounts receivable 4,000 VPI COMPANY Statement of Cash Flows (Indirect Method) For Current Year Ended December 31 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities 11:18 AM e to search r99. O 70°F Cloudy 10/13/2021 hp brt se 144 24…
What is the IRR of the following set of cash flows? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Year 0123 Cash Flow -$ 16,100 6,800 8,100 6,600 IRR %