Intermediate Accounting, 10 Ed
10th Edition
ISBN: 9781260310177
Author: Mark W. Nelson, Wayne B. Thomas J. David Spiceland
Publisher: McGraw-Hill Education
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 4, Problem 4.24E
Concepts; terminology
• LO4–1, LO4–2, LO4–3, LO4–4, LO4–5, LO4–6, LO4–7, LO4–8
Listed below are several terms and phrases associated with income statement presentation and the statement of
List A | List B |
_____ 1. Intraperiod tax allocation | a. An other comprehensive income item |
_____ 2. Comprehensive income | b. Starts with net income and works backwards to convert to cash |
_____ 3. Unrealized holding gain on Investments | c. Reports the cash effects of each operating activity directly on the statement |
_____ 4. Operating income | d. Correction of a material error of a prior period |
_____ 5. A discontinued operation | e. Related to the external financing of the company |
_____ 6. Earnings per share | f. Associates tax with income statement item |
_____ 7. Prior period adjustment | g. Total nonowner change in equity |
_____ 8. Financing activities | h. Related to the transactions entering into the determination of net income |
_____ 9. Operating activities (SCF) | i. Related to the acquisition and disposition of long-term assets |
_____ 10. Investing activities | j. Required disclosure for publicly traded corporation |
_____ 11. Direct method | k. A component of an entity |
_____ 12. Indirect method | l. Directly related to principal revenue-generating activities |
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
A6)
Finance
Discuss why company holds cash.
Need Table B4 answered it is statement of cash flows. 4th table in the equation
Q2. Would AT&T (T) and Microsoft (MSFT) use the cash basis or the accrual basis of accounting? Explain.
Chapter 4 Solutions
Intermediate Accounting, 10 Ed
Ch. 4 - The income statement is a change statement....Ch. 4 - What transactions are included in income from...Ch. 4 - Prob. 4.3QCh. 4 - Prob. 4.4QCh. 4 - Prob. 4.5QCh. 4 - What are restructuring costs and where are they...Ch. 4 - Define intraperiod tax allocation. Why is the...Ch. 4 - How are discontinued operations reported in the...Ch. 4 - What is meant by a change in accounting principle?...Ch. 4 - Prob. 4.10Q
Ch. 4 - The correction of a material error discovered in a...Ch. 4 - Define earnings per share (EPS). For which income...Ch. 4 - Prob. 4.13QCh. 4 - Describe the purpose of the statement of cash...Ch. 4 - Prob. 4.15QCh. 4 - Explain what is meant by noncash investing and...Ch. 4 - Distinguish between the direct method and the...Ch. 4 - Prob. 4.18QCh. 4 - Prob. 4.19QCh. 4 - Show the calculation of the following...Ch. 4 - Show the DuPont frameworks calculation of the...Ch. 4 - Prob. 4.22QCh. 4 - Prob. 4.23QCh. 4 - Prob. 4.1BECh. 4 - Prob. 4.2BECh. 4 - Prob. 4.3BECh. 4 - Prob. 4.4BECh. 4 - Prob. 4.5BECh. 4 - Prob. 4.6BECh. 4 - Prob. 4.7BECh. 4 - Prob. 4.8BECh. 4 - Prob. 4.9BECh. 4 - Prob. 4.10BECh. 4 - Prob. 4.11BECh. 4 - Prob. 4.12BECh. 4 - Statement of cash flows; indirect method LO48 Net...Ch. 4 - Prob. 4.14BECh. 4 - Prob. 4.15BECh. 4 - Prob. 4.3ECh. 4 - Prob. 4.4ECh. 4 - Prob. 4.5ECh. 4 - Prob. 4.6ECh. 4 - Prob. 4.7ECh. 4 - Prob. 4.8ECh. 4 - Prob. 4.9ECh. 4 - Prob. 4.12ECh. 4 - Prob. 4.15ECh. 4 - Prob. 4.23ECh. 4 - Concepts; terminology LO41, LO42, LO43, LO44,...Ch. 4 - Inventory turnover; calculation and evaluation ...Ch. 4 - Prob. 4.29ECh. 4 - Prob. 4.30ECh. 4 - Prob. 4.31ECh. 4 - Prob. 4.32ECh. 4 - Prob. 4.1PCh. 4 - Prob. 4.2PCh. 4 - Prob. 4.3PCh. 4 - Prob. 4.4PCh. 4 - Prob. 4.5PCh. 4 - Prob. 4.6PCh. 4 - Prob. 4.7PCh. 4 - Prob. 4.8PCh. 4 - Prob. 4.9PCh. 4 - Prob. 4.11PCh. 4 - Prob. 4.12PCh. 4 - Use of ratios to compare two companies in the same...Ch. 4 - Prob. 4.15PCh. 4 - Prob. 4.16PCh. 4 - Prob. 4.1DMPCh. 4 - Judgment Case 42 Restructuring costs LO43 The...Ch. 4 - Prob. 4.3DMPCh. 4 - Prob. 4.4DMPCh. 4 - Prob. 4.5DMPCh. 4 - Prob. 4.6DMPCh. 4 - Prob. 4.7DMPCh. 4 - IFRS Case 48 Statement of cash flows;...Ch. 4 - Judgment Case 49 Income statement presentation;...Ch. 4 - Prob. 4.10DMPCh. 4 - Prob. 4.13DMPCh. 4 - Prob. 4.15DMPCh. 4 - Prob. 4.17DMPCh. 4 - Prob. 4.18DMPCh. 4 - Prob. 2CCTC
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- problem 2 cash flow fabm 2arrow_forwardIntermediate Accounting 105 What is the purpose of a statement of cash flows? How does it differ from a balance sheet and an income statement? Please provide GAAP concept and explanation / example. Thank youarrow_forward7 1.Describe the link between the Income Statement, Balance Sheet, and Statement of Cash Flows. Explain the purpose of each statement. Provide an example of how a change in one statement affects the other two statements. Which of the three financial statements do you believe is most appropriate for assessing the financial health of an organization? Explain. 2. In your view, what is the most important piece of information reported in the Statement of Cash Flows? Explain.arrow_forward
- V5. I have the statement of Cash Flows, Balance Sheet, Income Statement, and Stock History Report. What formula do I need to use to calculate the valuation of a company? What key component would I use to come to that valuation?arrow_forwardH2. what is the rule of 3,2,1 in the interpretation of the financial analysisarrow_forwardPB6. LO 3.4Indicate how changes in these types of accounts would be recorded (Dr for debit; Cr for credit). Debit or credit? Asset accounts Liability accounts Common Stock Revenue Expensearrow_forward
- Intermediate Accounting 105 What is the purpose of a statement of cash flows? How does it differ from a balance sheet and an income statement? Please provide GAAP concept and own explanation / example.arrow_forwardDO not Copy Frm Bartleby 1. Explain why the income statement is a change statement? Also, provide a brief explanation of the difference between operating and non-operating income 2. Describe the purpose of cash flowsarrow_forward1. Two cash flows A 4and B are shown below. a ) Draw timelines depicting these two cash flows. b ) Determine the value of Q that will make the two cash flows equivalent at i = 6 %arrow_forward
- e cash flow is Question 4Select one: Cash flow from operations plus investment Cash flow from operations less tax Net income recorded in the financial statements Cash flow from operations less investmentarrow_forwardA3) Finance Question 3 Based on the chart below, provide TWO (2) key observations that can be made. Explain how each observation may have happened.arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
- College Accounting, Chapters 1-27AccountingISBN:9781337794756Author:HEINTZ, James A.Publisher:Cengage Learning,
College Accounting, Chapters 1-27
Accounting
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:Cengage Learning,
Accounting Basics Explained Through a Story; Author: Leila Gharani;https://www.youtube.com/watch?v=VYNTBWBqncU;License: Standard Youtube License