FINANCIAL ACCOUNTING (UNH) W/ACCESS
9th Edition
ISBN: 9781260379778
Author: Libby
Publisher: MCG/CREATE
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Question
Chapter 3, Problem 3.5AP
To determine
Identify the operating, financing and investing activities and the direction of increase or decrease in the amount.
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3.
Using the following answer keys, you are to identify in which activity each of the transactions is classified and its effect on cash flows.
Cash Flow Classification...using the capital letter only:
O...Operating Activity
I...Investing Activity
F...Financing Activity
OI...Operating and Investing Activity
N...Noncash Transaction
Effect on Cash Flows...using the capital letter only:
I...Increase
D...Decrease
N...No Effect
Transaction
Cash Flow Classification
Effect on Cash Flows
Declared and paid a cash dividend.
Sold short-term trading securities at a gain.
Retired fully depreciated equipment.
Sold a machine at a loss.
Purchased long-term available-for-sale securities.
Decreased accounts receivable.
Purchased 90-day Treasury bill.
Incurred a net loss.
Declared and issued a stock dividend.
Sold treasury stock.
2.
Using the following answer keys, you are to identify in which activity each of the transactions is classified and its effect on cash flows.
Cash Flow Classification...using the capital letter only:
O...Operating Activity
I...Investing Activity
F...Financing Activity
OI...Operating and Investing Activity
N...Noncash Transaction
Effect on Cash Flows...using the capital letter only:
I...Increase
D...Decrease
N...No Effect
Transaction
Cash Flow Classification
Effect on Cash Flows
Increased accounts payable.
Decreased inventory.
Increased prepaid insurance.
Earned a net income.
Issued stock for cash.
Retired long-term debt by issuing stock.
Purchased a long-term investment with cash.
Decreased interest payable.
Decreased dividends receivable.
Converted bonds to common stock.
Required
Record the events in a horizontal statement model. In the Cash Flow column, use OA to designate operating activity, IA for in
activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank.
every cell will require entry. Enter any decreases to account balances and cash outflows with a minus sign.)
Chapter 3 Solutions
FINANCIAL ACCOUNTING (UNH) W/ACCESS
Ch. 3 - Prob. 1QCh. 3 - Prob. 2QCh. 3 - Write the income statement equation and define...Ch. 3 - Explain the difference between a. Revenues and...Ch. 3 - Define accrual accounting and contrast it with...Ch. 3 - Prob. 6QCh. 3 - Explain the expense recognition principle.Ch. 3 - Explain why stockholders equity is increased by...Ch. 3 - Explain why revenues are recorded as credits and...Ch. 3 - Complete the following matrix by entering either...
Ch. 3 - Complete the following matrix by entering either...Ch. 3 - Prob. 12QCh. 3 - State the equation for the net profit margin ratio...Ch. 3 - Which of the following is not a specific account...Ch. 3 - Which of the following is not one of the criteria...Ch. 3 - The expense recognition principle controls a....Ch. 3 - Prob. 4MCQCh. 3 - Prob. 5MCQCh. 3 - Prob. 6MCQCh. 3 - Prob. 7MCQCh. 3 - Prob. 8MCQCh. 3 - Prob. 9MCQCh. 3 - Prob. 10MCQCh. 3 - Prob. 3.1MECh. 3 - Reporting Cash Basis versus Accrual Basis Income...Ch. 3 - Identifying Revenues The following transactions...Ch. 3 - Identifying Expenses The following transactions...Ch. 3 - Prob. 3.5MECh. 3 - Prob. 3.6MECh. 3 - Determining the Financial Statement Effects of...Ch. 3 - Prob. 3.8MECh. 3 - Prob. 3.9MECh. 3 - Identifying the Operating Activities in a...Ch. 3 - Prob. 3.11MECh. 3 - Prob. 3.1ECh. 3 - Reporting Cash Basis versus Accrual Basis Income...Ch. 3 - Identifying Revenues Revenues are normally...Ch. 3 - Identifying Expenses Revenues are normally...Ch. 3 - Prob. 3.5ECh. 3 - Determining Financial Statement Effects of Various...Ch. 3 - Recording Journal Entries Sysco, formed in 1969,...Ch. 3 - Prob. 3.8ECh. 3 - Prob. 3.9ECh. 3 - Analyzing the Effects of Transactions in...Ch. 3 - Preparing an Income Statement Refer to E3-10....Ch. 3 - Prob. 3.12ECh. 3 - Analyzing the Effects of Transactions in...Ch. 3 - Prob. 3.14ECh. 3 - Prob. 3.15ECh. 3 - Prob. 3.16ECh. 3 - Prob. 3.17ECh. 3 - Prob. 3.18ECh. 3 - Prob. 3.19ECh. 3 - Prob. 3.20ECh. 3 - Prob. 3.1PCh. 3 - Recording Journal Entries (AP3-2) Ryan Terlecki...Ch. 3 - Prob. 3.3PCh. 3 - Prob. 3.4PCh. 3 - Prob. 3.5PCh. 3 - Prob. 3.6PCh. 3 - Prob. 3.7PCh. 3 - Recording Nonquantitative Journal Entries (P3-1)...Ch. 3 - Prob. 3.2APCh. 3 - Prob. 3.3APCh. 3 - Prob. 3.4APCh. 3 - Prob. 3.5APCh. 3 - Prob. 3.6APCh. 3 - Accounting for Operating Activities in a New...Ch. 3 - Finding Financial Information Refer to the...Ch. 3 - Finding Financial Information Refer to the...Ch. 3 - Comparing Companies within an Industry Refer to...Ch. 3 - Analyzing a Company over Time Refer to the annual...Ch. 3 - Prob. 3.6CPCh. 3 - Evaluating an Ethical Dilemma Mike Lynch is the...
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