Activity 2. Identify which of the following falls under operating, investing, financing orNon-cash on the blank space provided. Afterwards, prepare statement of cash flowsfor the year ended December 31, 2020 with cash balance beginning of P177,000 withcompany name Sawaragi Plantato Distribution.TransactionsAmountActivityCash receipts from dividends15,500.0039,000.00110,000.00980,000.0014,000.0016,000.0014,000.003,980.0018,000.00200,000.00108,000.008,400.0012,000.009,000.00а.b.Additional cash investment of ownerCash purchase of landCollection from customersC.d.f.Commission income receivedDepreciation ExpenseInterest on bank loan paidInterest received from bank depositsCash paid for advertisingg.h.i,j.k.Proceeds from bank loanI.Cash paid for salariesm.Provision for bad debtsCash paid for utilitiesCash paid for governement taxesn.O.

Cash flow statement: It is a statement which reports the cash inflows and outflows of a business…

Answered: Activity 2. Identify which of the…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter16: Statement Of Cash Flows

Section: Chapter Questions

Problem 2EB: In which section of the statement of cash flows would each of the following transactions be...

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The financial statements for Romeo and Company follow. Assume that the additional investment and the withdrawals were in the form of cash. Required Prepare a statement of cash flows for the year ended December 31, 2018. Check Figure Net cash flows from operating activities, 172,000
Using a Spreadsheet to Prepare a Statement of Cash Flows Jane Bahr, a controller of Endicott & Thurston, prepared the following balance sheets at the end of 2019 and 2018: Required: 1. Using a spreadsheet, prepare a statement of cash flows for 2019. Assume Endicott & Thurston use the indirect method. 2. CONCEPTUAL CONNECTEON Discuss whether Endicott & Thurston appear to have matched the timing of inflows and outflows of cash.
Provide journal entries to record each of the following transactions. For each, also identify: *the appropriate section of the statement of cash flows, and **whether the transaction represents a source of cash (S), a use of cash (U), or neither (N). A. reacquired $30,000 treasury stock B. purchased inventory for $20,000 C. issued common stock of $40,000 at par D. purchased land for $25,000 E. collected $22,000 from customers for accounts receivable F. paid $33,000 principal payment toward note payable to bank
In which section of the statement of cash flows would each of the following transactions be included? For each, identify the appropriate section of the statement of cash flows as operating (O), investing (I), financing (F), or none (N). (Note: some transactions might involve two sections.) A. collected accounts receivable from customers B. issued common stock for cash C. declared and paid dividends D. paid accounts payable balance E. sold a long-term asset for the same amount as purchased
The comparative balance sheet of Whitman Co. at December 31, 20Y2 and 20Y1, is as follows: The noncurrent asset, noncurrent liability, and stockholders equity accounts for 20Y2 are as follows: Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities.
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Ratio Analysis Consider the following information taken from Chicago Water Slides (CWSs) financial statements: Also, CWSs operating cash flows were $25,658 and $29,748 in 2019 and 2018, respectively. Note: Round all answers to two decimal places. Required: 1. Calculate the current ratios for 2019 and 2018. 2. Calculate the quick ratios for 2019 and 2018. 3. Calculate the cash ratios for 2019 and 2018. 4. Calculate the operating cash flow ratios for 2019 and 2018. 5. CONCEPTUAL CONNECTION Provide some reasons why CWSs liquidity may be considered to be improving and some reasons why it may be worsening.
Selected information from Brook Corporations accounting records and financial statements for 2019 follows: On the statement of cash flows for the year ended December 31, 2019, Brook should disclose a net increase in cash in the amount of: a. 1,700,000 b. 2,400,000 c. 3,700,000 d. 4,200,000
2. From the summary cash account of X Ltd. prepare the Cash Flow Statement for the year ended 31st March, 2020 by Direct Method. CASH BOOK Dr. for the year ended March 31,2020 Cr. Particulars SAR. Particular SAR. |20,00,000 3,00,000 | By Purchased of Fixed Assets | 2,00,000 2,00,000 1,00,000 2,50,000 50,000 By Payment to Suppliers To Balance on April 1, 2019 To Issue of Equity Shares To Receipts from Customers To Sale of Fixed Assets 28,00,000 | By Overhead Expenses 1,00,000 By Wages and Salaries By Income Tax Paid By Dividend Paid By Re payment of Bank Loan 50,000 3,00,000 By Balance on March 31, 2020 1,50,000 32,50,000 |32,50,000
Prepare a classified balance sheet as of June 30, 2019, and statement of cash fIowS 1or 2019. -5A. Assessing a Firm's Profitability, Liquidity and Solvency Presented below is financial data for the Outback Company as of year-end 2018 and 2019: 2018 2019 $ 70,000 130,000 . . $ 68,750 100,000 27,500 80,000 140,000 22,400 Current assets.... Total assets 40,000 Current liabilities... Total liabilities. . ... Net sales... Net income... 91,000 190,000 26,600 Required Calculate Outback's current ratio, debt-to-total-assets ratio, and return on sales ratio. Comment on the trend in the company's profitability, liquidity, and solvency from 2018 to 2019. Profitability and the Income Statement Presented below is income statement data for Short & Company as of year-end 2019: Income tax expense.. Cost of goods sold... Other expenses ... .... . . .. nses.... . $ 5,400 Net .... $62,950 14,300 Or 000 500 Required Prepare a multi-step incom Short's return on sales wa t for 201 it in 2018 e the company's…

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