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Connect Access Card for Financial Accounting: Information and Decisions
8th Edition
ISBN: 9781259662966
Author: John J Wild
Publisher: McGraw-Hill Education
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Question
Chapter 12, Problem 6PSA
Summary Introduction
Cash Flow Statement:
Cash flow statement are refer as the statement which shows inflow and outflow of the cash in the business organization. Cash flow from operating activities can be made by two methods.
- Direct Method
- Indirect Method
To determine:Computation of Cash Flow from operating activities of G’s Corporation for the year 2016.
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Preparing the direct method statement of cash flows
Red Toy Company reported the following comparative balance sheet:
Requirements
Compute the collections from customers during 2018 for Red Toy Company. Sales Revenue totaled $134,000.
Compute the payments for inventory during 2018. Cost of Goods Sold was $79,000.
Requirement: Prepare the statement of cash flows. Use the direct method of presenting cash flows from operating activities.
I. Problem 1: Aling Dorry's cash balance on January 1, 2017 was P20,000. The following were the transactions that affected cash during the period:
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Preparing the Statement of Cash Flows: Indirect Method
E8A. Keeper Corporation's income statement for the year ended June 30, 2014, and its
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Keeper Corporation
Income Statement
For the Year Ended June 30, 2014
Sales
Cost of goods sold
Gross margin
Operating expenses
Operating income
Interest expense
Income before income taxes
Income taxes expense
Net income
Assets
Keeper Corporation
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June 30, 2014 and 2013
Cash
Accounts receivable (net)
Inventory
Prepaid expenses
Furniture
Accumulated depreciation-furniture
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Income taxes payable
Notes payable (long-term)
Common stock, $10 par value
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Total liabilities and stockholders' equity
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$ 69,900
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$183,500
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$234,000
156,000
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45,000
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Chapter 12 Solutions
Connect Access Card for Financial Accounting: Information and Decisions
Ch. 12 - What is the reporting purpose of the statement of...Ch. 12 - Prob. 2DQCh. 12 - Prob. 3DQCh. 12 - Describe the direct method of reporting cash flows...Ch. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 7DQCh. 12 - Prob. 8DQCh. 12 - Prob. 9DQCh. 12 - Prob. 10DQ
Ch. 12 - Prob. 11DQCh. 12 - Prob. 12DQCh. 12 - Prob. 13DQCh. 12 - Prob. 14DQCh. 12 - Prob. 15DQCh. 12 - Prob. 1QSCh. 12 - Prob. 2QSCh. 12 - Prob. 3QSCh. 12 - Prob. 4QSCh. 12 - Prob. 5QSCh. 12 - Prob. 6QSCh. 12 - Prob. 7QSCh. 12 - Prob. 8QSCh. 12 - Computing financing cash flows P3 The following...Ch. 12 - Prob. 10QSCh. 12 - Prob. 11QSCh. 12 - Prob. 12QSCh. 12 - Prob. 13QSCh. 12 - Refer to the data in QS 12-11. How much cash is...Ch. 12 - Prob. 15QSCh. 12 - Prob. 16QSCh. 12 - Prob. 17QSCh. 12 - Prob. 18QSCh. 12 - Prob. 19QSCh. 12 - Prob. 20QSCh. 12 - The following transactions and events occurred...Ch. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 4ECh. 12 - Prob. 5ECh. 12 - Prob. 6ECh. 12 - Prob. 7ECh. 12 - Prob. 8ECh. 12 - Prob. 9ECh. 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. 1PSACh. 12 - Prob. 2PSACh. 12 - Prob. 3PSACh. 12 - Prob. 4PSACh. 12 - Prob. 5PSACh. 12 - Prob. 6PSACh. 12 - Prob. 7PSACh. 12 - Prob. 8PSACh. 12 - Prob. 1PSBCh. 12 - Prob. 2PSBCh. 12 - Prob. 3PSBCh. 12 - Prob. 4PSBCh. 12 - Prob. 5PSBCh. 12 - Prob. 6PSBCh. 12 - Prob. 7PSBCh. 12 - Prob. 8PSBCh. 12 - Santana Rey, owner of Business Solutions, decides...Ch. 12 - Prob. 1BTNCh. 12 - Prob. 2BTNCh. 12 - Prob. 3BTNCh. 12 - Prob. 4BTNCh. 12 - Access the March 31, 2015, filing of the 10-K...Ch. 12 - Prob. 6BTNCh. 12 - Prob. 8BTNCh. 12 - Prob. 10BTN
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