Intermediate Accounting, 10 Ed
10th Edition
ISBN: 9781260310177
Author: Mark W. Nelson, Wayne B. Thomas J. David Spiceland
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 21, Problem 21.22E
Indirect method; reconciliation of net income to net
• LO21–4
The accounting records of Baddour Company provided the data below. Prepare a reconciliation of net income to net cash flows from operating activities.
Net loss | $5,000 |
6,000 | |
Increase in salaries payable | 500 |
Decrease in accounts receivable | 2,000 |
Increase in inventory | 2,300 |
Amortization of patent | 300 |
Reduction in discount on bonds | 200 |
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Lee Enterprises reports the following information:
Net income
Depreciation expense
Increase in accounts payable
Increase in accounts receivable
$5180000
$3979520.
$5180000.
$6380480.
$5706480.
704480
159000
337000
Lee should report cash provided by operating activities of
11 Compute Cash Flow from Operating Activities from the following details:
Particulars
Trade Receivables:
Debtors CA
Bills Receivable CA
Trade Payables:
Creditors CL
Bills Payable CL
L
Expenses Outstanding
Accrued Income CAT
Depreciation on Fixed Assets No +
Surplus, i.e., Balance in Statement of Profit & Loss
31st March,
2023 (R)
50,000
23,000
28,000
22,000
4,500
9,000
5,000
90,000
31st March
2022 )
60,000
25,000
32,000
35,000
3,500
8,000
4,000
80,000
Smith Enterprises reports the following information:
Net income
Depreciation expense
Increase in accounts payable
Increase in accounts receivable
$5240000
O $5790640.
O $4063360.
O $6416640.
O $5240000.
712640
151000
313000
Smith should report cash provided by operating activities of
Chapter 21 Solutions
Intermediate Accounting, 10 Ed
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 - 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 - Indirect method; reconciliation of net income to...Ch. 21 - Prob. 21.29ECh. 21 - Prob. 21.30ECh. 21 - Prob. 21.31ECh. 21 - Prob. 21.32ECh. 21 - Prob. 21.1PCh. 21 - Research Case 219 FASB codification; locate and...Ch. 21 - IFRS Case 2110 Statement of cash flows...
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