A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends. The statement of cash flow using a direct method for reporting operating activity.

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Answer 1

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Chapter 4, Problem 4.9P

1

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using a direct method for reporting operating activity.

2.

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using an indirect method for reporting operating activity.

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Each of the items below must be considered in preparing a statement of cash flows for Baskerville Co. for the year ended December 31, 2020. For each item, state how it should be shown in the statement of cash flows for 2020 if the indirect method is used. (a) Issued bonds for $200,000 cash. Cash Outflow from Operating ActivityCash Outflow from Financing ActivityCash Inflow from Financing ActivityCash Inflow from Operating ActivityCash Inflow From Investing ActivityCash Outflow from Investing Activity (b) Purchased equipment for $150,000 cash. Cash Outflow from Investing ActivityCash Inflow from Operating ActivityCash Outflow from Operating ActivityCash Inflow from Financing ActivityCash Inflow From Investing ActivityCash Outflow from Financing Activity (c) Sold land costing $20,000 for $20,000 cash. Cash Outflow from Investing ActivityCash Outflow from Financing ActivityCash Inflow from Operating ActivityCash Outflow from…

Requirements: Reconstruct the company’s comparative balance sheet for 2019/2020 using the above information and compute and show the missing figures to include the appropriate sign as a positive or negative figure. Prepare a complete statement of cash flows for 2020 using the indirect method using the information above.

Can you assess the company’s overall cash flow disposition for 2019, 2020 and 2021 in terms of the positive or negative cash flow patterns for the three categories of cash flows. *NEED ASAP*

Answer 2

Question

Chapter 4, Problem 4.9P

1

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using a direct method for reporting operating activity.

2.

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using an indirect method for reporting operating activity.

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Answer 3

Question

Chapter 4, Problem 4.9P

1

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using a direct method for reporting operating activity.

2.

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using an indirect method for reporting operating activity.

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Answer 4

Question

Chapter 4, Problem 4.9P

1

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using a direct method for reporting operating activity.

2.

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using an indirect method for reporting operating activity.

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Answer 5

Chapter 4, Problem 4.9P

1

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using a direct method for reporting operating activity.

2.

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using an indirect method for reporting operating activity.

Answer 6

Chapter 4, Problem 4.9P

1

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using a direct method for reporting operating activity.

Answer 7

Chapter 4, Problem 4.9P

1

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using a direct method for reporting operating activity.

Answer 8

2.

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using an indirect method for reporting operating activity.

Answer 9

2.

To determine

Concept Introduction: A cash flow statement is prepared to determine cash inflow and outflow during a year. The cash flow statement is classified into three categories: cash flow from operating activity represents cash flow on account of main business operations, cash flow from investing activity represents cash flow from acquisition and disposition of long-lived assets, and cash flow from financing activity represents cash flow on account of borrowing, repayments of debt and issue of a share, payments of dividends.

The statement of cash flow using an indirect method for reporting operating activity.

Answer 10

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Answer 12

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Answer 13

Ch. 4 - The income statement is a change statement....Ch. 4 - What transactions are included in income from...Ch. 4 - Prob. 4.3Q Ch. 4 - Prob. 4.4Q Ch. 4 - Prob. 4.5Q Ch. 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

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