Managerial Accounting - With Access
3rd Edition
ISBN: 9781259847424
Author: Whitecotton
Publisher: MCG
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Chapter 12, Problem 4.2GAP
To determine
Concept introduction:
Cash Flow Statement:
A statement which defines changes occurring and their effect in the balance sheet and the income statement of the company and provides reasonable analysis with respect to it further breaking the analytical review into the categories of operational, investing and financing activities.
The position of cash flows in the company.
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Students have asked these similar questions
The following transaction took place in ABC company for the month of January 2018
Transaction
a. the owner contributed cash of 80,000
b. purchased a new equipment for 75,000
c.sold old furniture for cash 6,000
d. repaid loan 1,500
e. owner withdrew cash 5,000 for personal use
Required
classify and prepare a statement of cash flow from the above transactions
Your friend is in business and wants your advice on preparing and interpreting the statement of cash flows for 2016. Information regarding the business is as follows:
Cash received from customers
$ 175,000
Cash paid to vendors
75,000
Cash paid to employees
140,000
Cash paid for interest
35,000
Depreciation expense
40,000
Cash paid in acquiring equipment
375,000
Cash received from issuing bonds
250,000
Cash received from issued common stock
400,000
Beginning cash balance
95,000
Required:
a.
Based upon the above information, prepare the statement of cash flows using the direct method.
b.
Explain what has happened during the year.
Santana Ray, ownrt of Business Solutions, decides to prepare a statement of cash flows for her business using the following financial data.
Computer service revenue. 25,007
Net sales 18,393
Total revenue 43 400
Cost of goods sold 14,152
Depreciation expense-office equipment 390
Depreciation expense-Computer equipment 1,230
Wages expense 2,750
Insurance expense 515
Rent expense 2,175
Computer supplies expense 1,305
Advertising expense 570
Mileage expense 260
Repairs expense-Computer 930
Total expenses 24,277
Net Income 19,123
Chapter 12 Solutions
Managerial Accounting - With Access
Ch. 12 - Compare the purposes of the income statement, the...Ch. 12 - What information does the statement of cash flows...Ch. 12 - Prob. 3QCh. 12 - What are the major categories of business...Ch. 12 - Prob. 5QCh. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Prob. 9QCh. 12 - Prob. 10Q
Ch. 12 - As a junior analyst, you are evaluating the...Ch. 12 - Prob. 12QCh. 12 - Prob. 13QCh. 12 - Prob. 14QCh. 12 - Prob. 15QCh. 12 - Prob. 1MCCh. 12 - Prob. 2MCCh. 12 - Prob. 3MCCh. 12 - Prob. 4MCCh. 12 - Prob. 5MCCh. 12 - Prob. 6MCCh. 12 - Prob. 7MCCh. 12 - Prob. 8MCCh. 12 - Prob. 9MCCh. 12 - Prob. 10MCCh. 12 - Prob. 1MECh. 12 - Prob. 2MECh. 12 - Prob. 3MECh. 12 - Prob. 4MECh. 12 - Prob. 5MECh. 12 - Prob. 6MECh. 12 - Prob. 7MECh. 12 - Prob. 8MECh. 12 - Prob. 9MECh. 12 - Interpreting Cash Flows from Operating, Investing,...Ch. 12 - Prob. 11MECh. 12 - Prob. 12MECh. 12 - Prob. 13MECh. 12 - Prob. 1ECh. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 4ECh. 12 - Prob. 5ECh. 12 - Prob. 6ECh. 12 - Prob. 7ECh. 12 - Prob. 8ECh. 12 - Reporting and Interpreting Cash Flows from...Ch. 12 - Prob. 10ECh. 12 - Prob. 11ECh. 12 - Prob. 12ECh. 12 - Prob. 13ECh. 12 - Prob. 14ECh. 12 - Prob. 15ECh. 12 - Prob. 16ECh. 12 - Prob. 17ECh. 12 - Prob. 18ECh. 12 - Prob. 19ECh. 12 - Prob. 20ECh. 12 - Prob. 21ECh. 12 - Prob. 22ECh. 12 - (Supplement 12B) Preparing a Statement of Cash...Ch. 12 - Prob. 1GAPCh. 12 - Prob. 2GAPCh. 12 - Prob. 3.1GAPCh. 12 - Prob. 3.2GAPCh. 12 - Prob. 4.1GAPCh. 12 - Prob. 4.2GAPCh. 12 - Prob. 5GAPCh. 12 - Preparing and Interpreting a Statement of Cash...Ch. 12 - Prob. 7.1GAPCh. 12 - Prob. 7.2GAPCh. 12 - Prob. 1GBPCh. 12 - Prob. 2GBPCh. 12 - Prob. 3.1GBPCh. 12 - Prob. 3.2GBPCh. 12 - Prob. 4.1GBPCh. 12 - Prob. 4.2GBPCh. 12 - Prob. 5GBPCh. 12 - Prob. 6GBP
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