Principles of Financial Accounting.
24th Edition
ISBN: 9781260158601
Author: Wild
Publisher: MCG
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Chapter 8, Problem 12DQ
To determine
To compare the cash and cash equivalents with other current assets. To compare the assess the cash at December 2017 with December 31, 2016.
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Students have asked these similar questions
Samsung’s statement of cash flows in Appendix A reports the change in cashand equivalents for the year ended December 31, 2017. Identify the cash generated (or used) by operating activities, by investing activities, and by financing activities.
3.The following data is an excerpt from the financial records of ABC Company on Dec 31, 2021: How much is the total amount of cash and cash equivalents to be reported in the Dec 31, 2021 Statement of Financial Position? *
A.3,734,000
B.3,864,000
C.3,534,000
D.3,114,000
Reading Apple Inc.’s Statement of Cash Flows
The following items appeared in the Investing Activities section of Apple Inc.’s statement of cash flows included in Form 10-K for the year ended September 26, 2015. (All amounts are in millions of dollars.)
2015
2014
2013
Purchases of marketable securities
$(166,402)
$(217,128)
$(148,489)
Proceeds from maturities of marketable securities
14,538
18,810
20,317
Proceeds from sales of marketable securities
107,447
189,301
104,130
Required:
1. What amount did Apple spend in 2015 to purchase marketable securities?$fill in the blank 1 million
How does this amount compare to the amounts spent in the two prior years?
This was $fill in the blank 2 million less than it spent in 2014.
This was $fill in the blank 4 million more than it spent in 2013.
2. What amount did Apple receive from marketable securities that matured in 2015?$fill in the blank 6 million
How does this amount compare to the amounts received in the…
Chapter 8 Solutions
Principles of Financial Accounting.
Ch. 8 - Prob. 1MCQCh. 8 - Prob. 2MCQCh. 8 - Prob. 3MCQCh. 8 - Prob. 4MCQCh. 8 - Prob. 1DQCh. 8 - Prob. 2DQCh. 8 - Prob. 3DQCh. 8 - Prob. 4DQCh. 8 - Prob. 5DQCh. 8 - Prob. 6DQ
Ch. 8 - Which of the following assetsinventory, building,...Ch. 8 - What is a petty cash receipt? Who should sign it?Ch. 8 - Prob. 9DQCh. 8 - Prob. 10DQCh. 8 - Prob. 11DQCh. 8 - Prob. 12DQCh. 8 - Prob. 13DQCh. 8 - Prob. 1QSCh. 8 - COSO internal control components C1 COSO lists...Ch. 8 - Prob. 3QSCh. 8 - Prob. 4QSCh. 8 - Prob. 5QSCh. 8 - Prob. 6QSCh. 8 - Prob. 7QSCh. 8 - Prob. 8QSCh. 8 - Prob. 9QSCh. 8 - Prob. 10QSCh. 8 - Prob. 11QSCh. 8 - Prob. 1ECh. 8 - Prob. 2ECh. 8 - Prob. 3ECh. 8 - Prob. 4ECh. 8 - Prob. 5ECh. 8 - Prob. 6ECh. 8 - Prob. 7ECh. 8 - Prob. 8ECh. 8 - Prob. 9ECh. 8 - Prob. 10ECh. 8 - Prob. 11ECh. 8 - Prob. 12ECh. 8 - Prob. 13ECh. 8 - Prob. 14ECh. 8 - Prob. 15ECh. 8 - Prob. 16ECh. 8 - Prob. 1APCh. 8 - Prob. 2APCh. 8 - Prob. 3APCh. 8 - Prob. 4APCh. 8 - Prob. 5APCh. 8 - Prob. 1BPCh. 8 - Prob. 2BPCh. 8 - Prob. 3BPCh. 8 - Prob. 4BPCh. 8 - Prob. 8SPCh. 8 - Prob. 1AACh. 8 - Prob. 2AACh. 8 - Prob. 3AACh. 8 - Prob. 1BTNCh. 8 - Prob. 2BTNCh. 8 - Prob. 3BTNCh. 8 - Prob. 4BTNCh. 8 - Review the opening feature of this chapter that...Ch. 8 - Prob. 6BTN
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- What was the amount of net cash provided by operating activities for the year ended September 26, 2015? For the year ended September 27, 2014? What was the amount of increase or decrease in cash and cash equivalents for the year ended September 26, 2015? For the year ended September 27, 2014? Which method of computing net cash provided by operating activities does Apple use? From your analysis of the 2015 statement of cash flows, did the change in accounts receivable require or provide cash? Did the change in inventories require or provide cash? Did the change in accounts payable require or provide cash? What was the net outflow or inflow of cash from investing activities for the year ended September 26, 2015? What was the amount of income taxes paid in the year ended September 26, 2015?arrow_forwardFor the Disney statement, where is their cash coming from and where are they spending the cash? (What are the major uses of cash outside of operations 2015 - 2017arrow_forwardRefer to Apple’s statement of cash flows. (a) Which method is used to compute its net cash provided by operating activities? (b) Its balancesheet shows an increase in accounts receivable from September 24, 2016, to September 30, 2017; why is this increase in accounts receivable subtracted when computing net cash provided by operating activities for the fiscal yearended September 30, 2017?arrow_forward
- Question 11 James & Company had the following balances at December 31, 2019: Cash in checking account $350,000 Cash in Money Market 250,000 U.S. Treasury bill purchased 12/1/2019, maturing 1/31/2020 800,000 U.S Treasury Bond purchased 3/1/2019, maturing 4/30/2020 500,000 What amount should Cook report as cash and cash equivalents on its 12/31/2019 balance sheet? Answers: A. $600,000 B. $1,150,000 C. $1,400,000 D. $1,900,000arrow_forwardPC 35 A Comparative Balance Sheet 2018 2017 Current Assets Cash $94,300 $21,500 Accts Receivable 14,700 21,400 Merchandise Inventory 62,200 59,200 Current Liabilities Accounts Payable 31,600 29,100 Accrued Liabilities 11,200 11,500 2018 transactions Payment of cash dividends $18,200 Purchase of equipment with cash 54,800 Issuance of long-term notes payable to borrow cash 44,000 Issuance of common stock for cash 113,000 Depreciation expense…arrow_forwardHow does Declan's Designs' Bank Loan impact its 2022 Statement of Cash Flows? Question 27 options: The periodic change in Bank Loan is subtracted in Cash Flows from Financing The periodic change in Bank Loan is subtracted in Cash Flows from Operations The periodic change in Bank Loan is added in Cash Flows from Financing The periodic change in Bank Loan is not included on the Statement of Cash Flows The periodic change in Bank Loan is added in Cash Flows from Investing The periodic change in Bank Loan is subtracted in Cash Flows from Investing The periodic change in Bank Loan is added in Cash Flows from Operationsarrow_forward
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