Prepare a Cash Flow Statement
Q: The statement of cash flows helps users ________.
A: Statement of cash flows: Statement of cash flows reports all the cash transactions which are…
Q: Prepare a Cash Flow Statement with imaginary figures as per AS-3.
A: Following is the cash flow statement with imaginary figures as per AS 3
Q: Describe the cash flow activities reported on the statement of cash flows?
A: Introduction: A cash flow statement details the amount of cash and cash equivalents entering and…
Q: Explain the importance of cashflow statements.
A: Cash flow statement is one of the important financial statement that is being prepared by the…
Q: Define cash flow statement.
A: Cash flow statement: Cash flow statement is a statement that reports the cash inflow in operating,…
Q: What is the alternative way of preparing the Cash Flow Statement?
A: Statement of cash flows: Statement of cash flow is a financial statement that shows the cash and…
Q: Define Cash Flow Statement and Its All activities.
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: Describe the procedure to prepare Cash Flow Statement.
A: A cash flow statement consists of 3 parts namely Operating, Investing and Financing Operating…
Q: Prepare the Statement of Cash Flows. thank yoouu!
A: Concept: Cash flow statement consist of operating, investing and financing activities. The cash flow…
Q: Prepare statement of cash flow.
A: A cash flow statement is a financial statement that summarizes the amount of cash and cash…
Q: Explain the objective of the cash flow statement and why it is required.
A: A cash flow statement is a basic financial report that depicts a company's cash inflows (cash…
Q: How to adjust net income to cashflow.
A: In cashflow there are 2 methods for calculating operating cash flow, they are: a. Direct Method b.…
Q: What is Cash flow statement?
A: Cash Flow:-Movement of cash or cash equivalent as inflow or outflow either in real or virtually is…
Q: What is a Cash Flow Statement?
A: A cash flow statement is a statement which provides information about the changes in cash and cash…
Q: How to calculate a cash flow ?
A: Cash flow means the movement of money or cash and its equivalents. It is the amount of cash…
Q: Please explain the cash flow calculation
A: In the given question, the Net present value (NPV) has been calculated by considering the cash…
Q: What is Calculation of Net Cash Flow? Please provide example.
A: Net Cash Flow: It is the total amount of money created or lost over a particular timeframe, normally…
Q: What is the objective in preparing the statement of cash flows?
A: Statement of cash flows: It is one of the financial statement that shows the cash and cash…
Q: How to calculate free cash flow using balane sheet pro forma data and income statement pro forma…
A: Free cash flow is the money generates by the company after paying its operating expenses and capital…
Q: Briefly state the purposes of a statement of cash flows.
A: Meaning of Cash Flow Statements Cash Flow Statements provide information about the movements in cash…
Q: Where is cash received shown in the statement of cash flows?
A: Cash Flow Statement refers to the account statement that outlines amount of cash and cash…
Q: Calculate cash flows.
A: Net operating cash flows are the amount which is generated by the company in cash after charging for…
Q: Why is it desirable to use a worksheet when preparing a statement of cash flows? Is a worksheet…
A: A Cash flow statement is a financial statement that provides summarised information regarding cash…
Q: Define Cash Flows from Operating Activities.
A: Cash Flow Statement:Cash Flow Statement is a fundamental financial statement that renders valuable…
Q: Define cash balance plan
A: Introduction: A cash-balance plan is a pension plan in which an employee's final returns are stated…
Q: What are the steps necessary to create a statement of cash flows in quickbooks.
A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…
Q: cash flows can be used as a financial planning technique
A: The statement of cash flows, or the cash flow statement, is a financial statement that summarizes…
Q: Define target cash balance
A: Target cash balance - it is a level of cash balance that an entity have to hold or reserve for its…
Q: Find cashflow from Financing activities
A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…
Q: Define Accumulated cash-flow sign test
A: Accumulated cash flow sign test is applied in a series of cash flows over the period of time. This…
Q: repare Cash Flow Statement
A: Cash flows statements is a part of financial statements which shows the incoming and outgoing cash…
Q: What financial statements are used to prepare the statement of cash flows
A: Cash flow statement can be defined as a statement which enables an enterprise to know its cash flow…
Q: Explain classify the cash flows in a statement of cash flows.
A: Statement of cash flows: This statement reports all the cash transactions which are responsible for…
Q: Usefulness of income statement and cash flow statement for the invsetors
A: Definition: Income statement: Income statement is a financial statement that shows the net income or…
Q: Distinguish between operating cash flow and net income.
A:
Q: What does the statement of the cash flow report?
A: Statement of cash flow is one of the type of financial statements generally prepared by a company.
Q: Explain Cash Inflows and Outflows.
A: Cash flow statements are the statements that determine the inflow and outflow of cash from three…
Q: Describe the relationship between the income statement, the balance sheet, and the cash flow…
A: Business entities are required to make the financial statements at the end of the accounting or…
Q: To produce a cash flow statement, why do you need an income statement, a balance sheet, and extra…
A: This question explains about a balance sheet, and extra information
Q: write in your own wordssss Define Cash Flow Statement and Its All activities.
A: SOLUTION- MEANING OF CASH FLOW STATEMENT - IT IS A FINANCIAL STATEMENT THAT SHOWS THE FLOW OF…
Q: What are the benefits to preparing cash flow statement?
A: Benefits of preparing cash flow statement 1. Determination of changes in cash and cash equivalents…
Q: Define Cash Flow Statement and Its All activities.
A: A statement that records the cash receipts and cash disbursements during the period is known as the…
Q: Define cash flows from financing activities.
A: Definition: Statement of cash flows: This statement reports all the cash transactions which are…
Q: Compare and contrast the Balance Sheet, Income Statement, and Statement of Cash Flows. Make sure to…
A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…
Q: Essay on cash flow statement
A: The cash flow statement records all the cash inflows and all the cash outflows of a business arising…
Prepare a Cash Flow Statement
Step by step
Solved in 2 steps with 1 images
- Question 1 Hogwarts Traders: Vehicle 2DatePurchased:1 August 2019 Date CurrentdepreciationAccumulateddepreciationMake andreg.:Hyundai Atos2019 (ZV109GP)31 Dec2019? ?Purchasedfrom:HyundaiAuto(Cash) Cost Price: R150 000 Rate ofDepreciation:15% accordingto straight linemethod. Sold to: Type of Sale: Date sold: Selling Price: Required:Prepare the following accounts in the general ledger of Hogwarts Traders for the financial year ended 31 December 2019 ONLY. Start with the opening balances. Balance the accounts at the end of the month. Ignore VAT.‐ Vehicles‐ Accumulated depreciation: Vehicles‐ Depreciation‐ Asset Disposal‐ Profit/Loss on sale of vehicles.How much should be recorded as the purchase price of theindividual PPE items: For items 18 to 22, identify the amount to be included asEquipment 18. Payment for injuries to third‐parties not covered byinsurance – P200,00019. Freight amounted to P50,000 and freight insuranceamounted to P5,000.20. Site preparation of P100,000 and installment cost ofP75,000.21. Test run cost which includes P10,000 materials, P15,000direct labor cost, P1,000 allocated supervisor’s salary andother overhead cost of P5,000. The good produced was soldfor P30,000.22. Value‐added tax amounting to P100,00023. Import tax of P30,00Sound Break CorporationIncome and Retained Earnings StatementFor the year Ended December 31, 2020Net Sales P1,000,000Cost of Goods Sold:Inventory, Dec. 31, 2019 P250,000Purchases 720,000Total Goods Available P970,000Inventory 220,000 750,000Gross Margin on Sales P 250,000Selling and Administrative (including Depreciation of P20,000) 125,000Net Income before Tax P 125,000Provision for Income Tax 35,000Net Income for the Year P 90,000Retained Earnings, beginning 130,000Total P 220,000Dividends Paid 30,000Retained Earnings, December 31, 2020 P 190,000 Sound Break CorporationBALANCE SHEETDecember 31, 2019 and 2020 ASSETS 2019 2020Current Assets:Cash P 75,000 P 85,000Marketable Securities 25,000 25,000Trade Receivables, net 185,000 245,000Inventory, at cost 250,000 220,000Prepaid Expenses 15,000 10,000Total Current Assets P550,000 P585,000Property and Other Assets:Equipment, net P340,000 P320,000Other Assets 15,000 15,000Total Property and Other Assets P355,000 P335,000 Total Assets…
- Determine the missing amount: cash$239,186;short term investment$353,700;acct receiv$504,944;inventory? Prepaid exp$83,259;total current asset$1,594927; property&equipment? what is the inventory amount and property& equipment amount?Sandhill Co. reported the following information for 2020: Sales revenue $2520000 Cost of goods sold 1748000 Operating expenses 282000 Unrealized holding gain on available-for-sale securities 85700 Cash dividends received on the securities 9200 For 2020, Sandhill would report comprehensive income of A.$85700. B.$499200. C.$575700. D.$584900.Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Balance Sheets for 2020 & 2021.
- Use the below information to answer the following questions: 20202021Sales$11,573$12,936Depreciation 1661 1736Cost of goods sold 3979 4707Other Expenses 846 924Interest Expense 776 926Cash 6067 6466Accounts Receivables 8034 9427Short-term Notes Payable 1171 1147Long-term debt 20,320 24,696Net fixed assets 50,888 54,273Accounts Payable 4384 4644Tax rate 26% 34%Inventory 14,283 15,288Payout ratio 33% 30% A. Create the Income Statements for 2020 and 2021 (including dividends paid and retained earnings).Prepare the income statements and balance sheets for years 2018 and 2019 for Thompson Company using the following information. The balance sheet numbers are at the end of year figures.Item20182019Accounts Payable120.0150.0Accounts Receivable150.0180.0Accumulated Depreciation330.0360.0Cash & Cash Equivalents10.012.0Common Stock150.0200.0Cost of Goods Sold750.0850.0Depreciation25.030.0Interest Expense30.033.0Inventory200.0180.0Long-term Debt150.0150.0Gross Plant & Equipment650.0780.0Retained Earnings208.5225.0Sales1,500.01,700.0SG&A Expenses500.0570.0Notes Payable51.567.0Tax Rate21%21%(2) Answer the following questions:(a) How much did Thompson Company spend in acquiring fixed assets in 2019?(b) How much dividend did Thompson Company pay out during 2019?(c) Using the end of year numbers, did the long-term solvency ratios improve or deteriorate from 2018 to 2019? Answer this question using at least two long-term solvency ratios.(d) Using the end of year numbers, did the asset…Unusual income statement items Assume that the amount of each of the following items is material to the financial statements. Classify each item as either normally recurring (NR) or unusual (U) items. If unusual item, then specify if it is a discontinued operations item (DO). a. Interest revenue on notes receivable. b. Gain on sale of segment of the company's operations that manufactures bottling equipment. c.Loss on sale of investments in stocks and bonds. d. Uncollectible accounts expense. e. Uninsured flood loss. (Hood insurance is unavailable because of periodic Hooding in the area.)
- The comparative balance sheet of Merrick Equipment Co. for Dec. 31, 20Y9 and 20Y8, is:Dec. 31, 20Y9 Dec. 31, 20Y8AssetsCash $70,720 $47,940Accounts receivable (net) 207,230 188,190Inventories 298,520 289,850Investments 0 102,000Land 295,800 0Equipment 438,600 358,020Accumulated depreciation—equipment (99,110) (84,320)Total assets $1,211,760 $901,680Liabilities and Stockholders' EquityAccounts payable (merchandise creditors) $205,700 $194,140Accrued expenses payable (operating expenses) 30,600 26,860Dividends payable 25,500 20,400Common stock, $1 par 202,000 102,000Paid-in capital: Excess of issue price over par—common stock 354,000 204,000Retained earnings 393,960 354,280Total liabilities and stockholders' equity $1,211,760 $901,680The income statement for the year ended December 31, 20Y9, is as follows:Sales $2,023,898Cost of goods sold 1,245,476Gross profit $778,422Operating expenses:Depreciation expense $14,790Other operating expenses 517,299Total operating expenses 532,089Operating…The following information for 2021 and 2020 is presented for BuyRite: December 31Assets 2021 2020Current assets:Cash $42,000 $54,000Accounts receivable 580,000 445,000Inventory 5,010,000 4,950,000Prepaid expenses 84,000 79,000Total current assets 5,716,000 5,528,000Building and equipment, net 1,097,000 1,095,000Total assets $6,813,000 $6,623,000 Liabilities and Stockholders’ EquityCurrent…Only for d and e, subpart, a, b, and c has been answered here: https://www.bartleby.com/questions-and-answers/assume-a-rm300000-investment-and-the-following-cash-flows-for-two-products-year-product-x-product-y-/451dabc9-fd11-47c3-b65c-12ff5b7e32e5