INTERMEDIATE ACCOUNTING(LL)-W/2 ACCESS
9th Edition
ISBN: 9781260180657
Author: SPICELAND
Publisher: MCG
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Chapter 21, Problem 21.13E
a)
To determine
Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period.
To Prepare: The statement of cash flow for Company R, showing the cash flow from the investing activities for the year 2018.
b)
To determine
To Prepare: The statement of cash flow for Company R, showing the cash flow from the financing activities for the year 2018.
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Required information
Exercise 21-13 (Static) Identifying cash flows from investing activities and financing activities [LO21-5, 21-6]
Skip to question
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2024, Rapid Pac, Incorporated, collected the following information:
($ in millions)
Fair value of shares issued in a stock dividend
$ 65
Payment for the early extinguishment of long-term bonds (book value: $97 million)
102
Proceeds from the sale of treasury stock (cost: $17 million)
22
Gain on sale of land
4
Proceeds from sale of land
12
Purchase of Microsoft common stock
160
Declaration of cash dividends
44
Distribution of cash dividends declared in 2023
40
Exercise 21-13 (Static) Part 2
2. In Rapid Pac’s statement of cash flows, what were net cash inflows (or outflows) from financing activities for 2024?
Note: Cash outflows should be indicated…
Required information
Exercise 21-13 (Algo) Identifying cash flows from investing activities and financing activities [LO21-5, 21-
6]
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2024, Rapid Pac, Incorporated,
collected the following information:
Fair value of shares issued in a stock dividend
Payment for the early extinguishment of long-term bonds (book value: $79.0
million)
Proceeds from the sale of treasury stock (cost: $15.0 million)
Gain on sale of land
Proceeds from sale of land
Purchase of Microsoft common stock
Declaration of cash dividends
Distribution of cash dividends declared in 2023
($ in
millions)
$ 60.0
84.0
20.0
2.4
7.2
138.0
49.0
45.0
Required information
Skip to question
[The following information applies to the questions displayed below.]
In preparation for developing its statement of cash flows for the year ended December 31, 2024, D-Krug Solutions, Incorporated collected the following information:
($ in millions)Payment for the early extinguishments of long-term notes (book value: $62.0 million)$ 66.0Sale of common shares208.0Retirement of common shares130.0Loss on sale of equipment2.8Proceeds from sale of equipment11.2Issuance of short-term note payable for cash18.0Acquisition of building for cash11.0Purchase of marketable securities (not a cash equivalent)13.0Purchase of marketable securities (considered a cash equivalent)9.0Cash payment for 3-year insurance policy11.0Collection of note receivable with interest (principal amount, $19)21.0Declaration of cash dividends48.0Distribution of cash dividends declared in 202345.0
2. In D-Krug’s statement of cash flows, what were net cash inflows (or outflows)…
Chapter 21 Solutions
INTERMEDIATE ACCOUNTING(LL)-W/2 ACCESS
Ch. 21 - Effects of all cash flows affect the balances of...Ch. 21 - Prob. 21.2QCh. 21 - Prob. 21.3QCh. 21 - Prob. 21.4QCh. 21 - Prob. 21.5QCh. 21 - Prob. 21.6QCh. 21 - Prob. 21.7QCh. 21 - The sale of stock and the sale of bonds are...Ch. 21 - Does the statement of cash flows report only...Ch. 21 - Prob. 21.10Q
Ch. 21 - Perhaps the most noteworthy item reported on an...Ch. 21 - Prob. 21.12QCh. 21 - Given sales revenue of 200,000, how can it be...Ch. 21 - Prob. 21.14QCh. 21 - When determining the amount of cash paid for...Ch. 21 - Prob. 21.16QCh. 21 - When using the indirect method of determining net...Ch. 21 - Prob. 21.18QCh. 21 - Prob. 21.19QCh. 21 - Where can we find authoritative guidance for the...Ch. 21 - U.S. GAAP designates cash outflows for interest...Ch. 21 - Prob. 21.1BECh. 21 - Prob. 21.2BECh. 21 - Prob. 21.3BECh. 21 - Prob. 21.4BECh. 21 - Prob. 21.5BECh. 21 - Prob. 21.6BECh. 21 - Prob. 21.7BECh. 21 - Prob. 21.8BECh. 21 - Investing activities LO215 Carter Containers sold...Ch. 21 - Financing activities LO216 Refer to the situation...Ch. 21 - Prob. 21.11BECh. 21 - Prob. 21.12BECh. 21 - Classification of cash flows LO213 through LO216...Ch. 21 - Determine cash paid to suppliers of merchandise ...Ch. 21 - Determine cash received from customers LO213...Ch. 21 - Prob. 21.4ECh. 21 - Prob. 21.5ECh. 21 - Prob. 21.6ECh. 21 - Determine cash paid for bond interest LO213...Ch. 21 - Determine cash paid for bond interest LO213 For...Ch. 21 - Determine cash paid for income taxes LO213...Ch. 21 - Prob. 21.10ECh. 21 - Prob. 21.11ECh. 21 - Installment note; statement of cash flow effects ...Ch. 21 - Prob. 21.13ECh. 21 - Identifying cash flows from investing activities...Ch. 21 - Prob. 21.15ECh. 21 - Prob. 21.16ECh. 21 - Indirect method; reconciliation of net income to...Ch. 21 - Spreadsheet entries from statement of retained...Ch. 21 - Prob. 21.19ECh. 21 - Prob. 21.20ECh. 21 - Cash flow s from operating activities (direct...Ch. 21 - Indirect method; reconciliation of net income to...Ch. 21 - Prob. 21.23ECh. 21 - Cash flows from operating activities (indirect...Ch. 21 - Prob. 21.25ECh. 21 - Cash flow s from operating activities (indirect...Ch. 21 - Prob. 21.27ECh. 21 - Prob. 21.28ECh. 21 - Prob. 21.29ECh. 21 - Prob. 21.30ECh. 21 - Prob. 21.31ECh. 21 - Prob. 21.32ECh. 21 - Prob. 21.1PCh. 21 - Statement of cash flows; direct method LO213,...Ch. 21 - Prob. 21.3PCh. 21 - Statement of cash flows; direct method LO213,...Ch. 21 - Statement of cash flows; direct method LO213,...Ch. 21 - Cash flows from operating activities (direct...Ch. 21 - Prob. 21.7PCh. 21 - Cash flows from operating activities (direct...Ch. 21 - Cash flows from operating activities (direct...Ch. 21 - Prob. 21.10PCh. 21 - Prepare a statement of cash flows; direct method ...Ch. 21 - Prob. 21.12PCh. 21 - Prob. 21.13PCh. 21 - Statement of cash flows; indirect method; limited...Ch. 21 - Integrating problem; bonds; lease transactions;...Ch. 21 - Statement of cash flows; indirect method LO214,...Ch. 21 - Prob. 21.17PCh. 21 - Statement of cash flows; indirect method LO214,...Ch. 21 - Prob. 21.19PCh. 21 - Prob. 21.20PCh. 21 - Prob. 21.21PCh. 21 - Prob. 21.1BYPCh. 21 - Prob. 21.2BYPCh. 21 - Research Case 213 Information from cash flow...Ch. 21 - Analysis Case 215 Smudged ink; find missing...Ch. 21 - Real World Case 216 Analyze cash flow activities;...Ch. 21 - Prob. 21.7BYPCh. 21 - Prob. 21.8BYPCh. 21 - Research Case 219 FASB codification; locate and...Ch. 21 - IFRS Case 2110 Statement of cash flows...Ch. 21 - Prob. CCTC
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