Help me with this. Thank you FinancialSub ClassificationLine items(CA, NCA, CL, NCL, C/S,OPEX)StatementTrading SecuritiesSFPCAFinancial AssetsCash and Cash EquivalentsPetty Cash FundAdvances fromSFPСАcustomersAdvances ofemployees collectiblecurrentlyAdvances of Officers(not currentlycollectible)Cash Surrender ValueInvestment in BondsPlant Expansion FundPrepaid TaxesProfessional FeesSinking FundTime DepositRaw MaterialsInventoryLand held forspeculationMDSE Inventory e (Ctrl) -

SFP stands for the statement of financial statement that shows the balance sheet of the company. It…

Answered: Sub Classification Statement (CA, NCA,…

Sub Classification Statement (CA, NCA, CL, NCL, C/s, OPEX) Financial Line items Trading Securities Petty Cash Fund Financial Assets Cash and Cash Equivalents SFP CA SFP CA

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 9MC: Which of the following need not be disclosed in a schedule accompanying the statement of cash flows...

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Concept explainers

Balance of Payments

BOP is categorized into the following three components:

Question

Help me with this. Thank you

Financial
Sub Classification
Line items
(CA, NCA, CL, NCL, C/S,
OPEX)
Statement
Trading Securities
SFP
CA
Financial Assets
Cash and Cash Equivalents
Petty Cash Fund
Advances from
SFP
СА
customers
Advances of
employees collectible
currently
Advances of Officers
(not currently
collectible)
Cash Surrender Value
Investment in Bonds
Plant Expansion Fund
Prepaid Taxes
Professional Fees
Sinking Fund
Time Deposit
Raw Materials
Inventory
Land held for
speculation
MDSE Inventory e (Ctrl) -

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Which of the following need not be disclosed in a schedule accompanying the statement of cash flows as an investing and financing activity not affecting cash? a. acquisition of fixed assets in exchange for capital stock b. dividend distributed in capital stock of the company (stock dividend) c. retirement of a bond issue through the issuance of another bond issue d. conversion of convertible debt to capital stock
Which of the following constitutes an internal source of funds Oa. Corporate bonds b. Common stock Oc Commercial paper O d. Retained earnings and amortization cash flow
Ownership of debt instruments of the government and other companies that can be readily converted to cash are best reported as: Select one: a. long-term investments. b. intangibles c. marketable securities. d. Cash.
Categorize the following as source or use of funds. Also classify them under operating,investing and financing activities sections of cashflow statement (indirect method)a. Selling a piece of land b. Dividend paid c. payment of some accrued taxesd. reducing inventory level e. Depreciation charges f. Sale of government bonds
9.When the Indirect Method is used to prepare the Statement of Cash Flows, the amortization of a premium in bonds payable is taken into account when computing the cash that comes from Select one: a. investment activities. b. operational activities. c. operational activities and financing activities. d. financing activities
Paying off bonds payable is reported on the statement of cash flows undera. noncash investing and financing activities.b. financing activities.c. operating activities.d. investing activities.
Match the individual transactions listed below with their statement of cash flows classification, using the following code: Cash inflow from operating activitiesCash outflow from operating activitiesCash inflow from investing activitiesCash outflow from investing activitiesCash inflow from financing activitiesCash outflow from financing activitiesNone of the above Payments for merchandisePayments for interestPayments for dividendsPayments for plant and equipmentPayments for bond payable retirementsPayments for marketable securitiesPayments for employeesPayments to governmentsIssuing a stock dividendCash from customersCash from issuing common shareCash from dividendsCash from sale of old buildingCash from interest
Operating activities include cash inflows from Select answer from the options below A. collection of principal on loans to other entities. B. sale of debt or equity investments. C. sale of property, plant, and equipment. D. dividends from equity investments.
Classification of Cash Flows Related to the Cost of Financing. Under U.S. GAAP, the statement of cash flows classifies cash expenditures for interest expense on debt as an operating activity but classifies cash expenditures for dividends to shareholders as a financing activity. Justify this apparent paradox. Please explain without copying from another source.
If a company purchased avalaible for sale securities with cash, this would be reported on the statement of cash flows as? Select one: a. Financing Activities cash outflow b. Investing Activities cash outflow c. Financing Activities cash inflow d. Operating activities cash outflow
On the statement of cash flows, the cash flows from financing activities section would include all of the following except Group of answer choices receipts from the sale of bonds payable payments for dividends payments for purchase of treasury stock payments of interest on bonds payable
The statement of cash flows reports the cash proceeds from issuing a bond as a cash flow from Select one: a. Investing activities. b. Asset activities. c. Operating activities. d. Financing activities. The primary advantage of making investment decisions based on the net present value method, instead of the payback period, is that the net present value method Select one: a. Considers depreciation expense as part of the investment’s cash flows. b. Is easier to compute then the payback period. c. Conforms to generally accepted accounting principles. d. Factors the time value of money in its calculations. A firm with an investment opportunity whose internal rate of return was lower than its cost of capital would Select one: a. Use the payback period method to make the investment decision. b. Possibly make the investment. c. Make the investment. d. Not make the investment.