Home / Questions / For each of the following items, indicate (by placing an X) whether the item would be foun
For each of the following items, indicate (by placing an X) whether the item would be found on the statement of cash flows in - column 1 the direct approach for determining the cash flows from operating activities, column 2 the indirect approach for determining the cash flows from operating activities, column 3 cash flows from investing activities, column 4 cash flows from financing activities. If you identify that an item affects the cash flows from operation, indirect method, also indicate whether it will be increasing (+) or decreasing (-) the cash flows.
13) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Cash paid for merchandise inventory____________________
14) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Sale of land____________________
15) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Cash paid for rent____________________
16) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Increase in prepaid expenses____________________
17) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Net loss____________________
18) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Increase in accounts payable____________________
19) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Cash received from customers____________________
20) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Increase in inventory____________________
21) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Cash paid for salaries or wages____________________
22) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Net income____________________
23) Col 1Col 2Col 3Col 4
OperatingInvestingFinancing
DirectIndirect
Decrease in prepaid expenses____________________
24) The cash flows from operating activities are reported by the direct method on the statement of cash flow. Determine the following:
a) If sales for the current year were $600,000 and accounts receivable decreased $25,500 during the year, what was the amount of cash received from customers?
b) If sales salaries expense for the current years was $80,000 and sales salaries payable increased $25,000 during the year, what was the amount of cash payments for sales salaries?
25) The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following:
a) If accrued expenses showed $50,000 on the income statement and payables increased from $15,000 to $18,500 on the balance sheet, what was the amount of cash paid?
b) If insurance expense showed $10,000 on the income statement and Prepaid Insurance increased from $10,000 to $12,000 on the balance sheet, what was the amount of cash paid for insurance?
Dec 07 2019 Read more Less More
For the weightless pulley system shown in Figure E2.8, determine the equivalent spring constant.Recall that when the center of the pulley moves by an amount x, the rope...
May 16 2020if I have a 10 million dollar loan and the interest rate is such that my loan is valued now at 30 million what is the interest rate assuming a fixed/variable interest?the...
Aug 09 2020ABC manufacturing company purchases 9000 parts of a machine for its annual requirement, ordering cost per order is shillings 15 and the carrying charges are 15% of the av...
Apr 14 2020In March of 2005, Domestic Paper stock sold for $73. Security analysts were forecasting a long-term earnings growth rate of 8.5%. The company was paying dividends of $1.6...
Dec 03 2019Suppose you build a rural house, where you need to run a pipe to the nearest water supply, which fortunately is about 1 Km above the elevation of your house. The gagepres...
Jul 01 2020Identify two key components of service system quality. Explain why these components are particularly important to service system quality (when compared to manufacturing s...
May 16 2018CHCPOL003: Research and Apply Evidence to Practice – Infection control – Report Writing Assignment HelpTask:You are a new enrolled nurse working in a clinic located in a ...
May 01 2020Heat transfer in laminar tube flow, One hundred pounds per hour of oil at 100°F is flowing through a 1-in.i.d. Copper tube, 20ft long the inside surface of the tube is ma...
Jun 12 2020The Allied Group has acquired Kramer Industries and is now considering additional investments. They have determined that there is a firm that is a good fit for their port...
Apr 16 2020Interpret this dialogue: A: “How can competitive profits be zero in the long run? Who will work for nothing?” B: “It is only excess profits that are wiped out by competit...
Jun 06 2020
Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.
