Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

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Answer 1

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Chapter 12, Problem 12.1E

To determine

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

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Classification of Cash Flows: For each of the following items, indicate whether the cash flow relates to an operating activity, an investing activity, or a financing activity. Cash receipts from customers for services rendered Sale of long-term investments for cash Acquisition of PPE for cash Payment of income taxes Bonds payable issued for cash Payment of cash dividends declared in previous year Purchase of short-term investments (not cash equivalents) for cash

QUESTION REQUIRED Use the information provided below to prepare the Cash Flow Statement of Jonah Ltd for the year ended 31 December 2022. (Some of the figures have already been entered in the answer book.) INFORMATION The Statement of Comprehensive Income of Jonah Ltd for the year ended 31 December 2022 and Statement of Financial Position as at 31 December 2021 and 2022 are as follows: STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 DECEMBER 2022 Sales Cost of sales Gross profit Other operating income Gross income Distribution expenses Administrative expenses Earnings before interest and tax Interest income Interest expense Esmings before tax Company tax Earnings after interest and tax STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER: ASSETS Non-current assets Land and buildings Plant and machinery Current assets Inventories Accounts receivable Total assets EQUITY AND LIABILITIES Equity Ordinary share capital Retained earnings Non-current liabilities Long-term borrowings…

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Answer 2

Question

Chapter 12, Problem 12.1E

To determine

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

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Answer 3

Question

Chapter 12, Problem 12.1E

To determine

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

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Answer 4

Question

Chapter 12, Problem 12.1E

To determine

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

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Answer 5

Chapter 12, Problem 12.1E

To determine

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

Answer 6

Chapter 12, Problem 12.1E

To determine

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

Answer 7

Chapter 12, Problem 12.1E

To determine

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 12 - Prob. 1Q Ch. 12 - Prob. 2Q Ch. 12 - Prob. 3Q Ch. 12 - What are the major categories of business...Ch. 12 - Prob. 5Q Ch. 12 - Prob. 6Q Ch. 12 - Prob. 7Q Ch. 12 - Prob. 8Q Ch. 12 - Compare the two methods of reporting cash flows...Ch. 12 - Prob. 10Q

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

Solution Summary: The author explains that Company R's operating, investing, and financing activities are matched with their cash flow activity.

Indicate whether each transaction of Company R is disclosed as operating (O), investing (I) or financing (F) activity section of the statement of cash flows or use (NA) if the item does not appear on the statement by using indirect method.

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Chapter 12 Solutions