D. MATCHING In the following statement of cash flows, each letter represents a specific item which may appear on the statement, using the indirect method. Match the appropriate letter(s) with each transaction listed below. More than one letter may be used for each transaction. 1) 2) 3) 4) 5) 6) 7) 8) 9) Statement of Cash Flows Cash Flows from Operating Activities: Net Income Adjustments to Net Income: Add Deduct Cash Flows from Investing Activities Add Deduct Cash Flows from Financing Activities Add Deduct Significant Non-Cash Transactions Not on the Statement of Cash Flows (A) (B) (D) 30 000€ (H) Sold a short-term, available-for-sale investment at a gain. Temporarily borrowed money by signing a short-term, promissory trade notes payable. Treasury stock was purchased with cash. Declared cash dividends (but did not pay them yet). Purchased land by giving shares of common stock held in treasury. Amortized the premium on bonds payable. Paid off bonds payable before maturity and incurred a loss. Wrote-off of an account receivable. Recorded an unrealized holding gain from an price increase in trading securities.
D. MATCHING In the following statement of cash flows, each letter represents a specific item which may appear on the statement, using the indirect method. Match the appropriate letter(s) with each transaction listed below. More than one letter may be used for each transaction. 1) 2) 3) 4) 5) 6) 7) 8) 9) Statement of Cash Flows Cash Flows from Operating Activities: Net Income Adjustments to Net Income: Add Deduct Cash Flows from Investing Activities Add Deduct Cash Flows from Financing Activities Add Deduct Significant Non-Cash Transactions Not on the Statement of Cash Flows (A) (B) (D) 30 000€ (H) Sold a short-term, available-for-sale investment at a gain. Temporarily borrowed money by signing a short-term, promissory trade notes payable. Treasury stock was purchased with cash. Declared cash dividends (but did not pay them yet). Purchased land by giving shares of common stock held in treasury. Amortized the premium on bonds payable. Paid off bonds payable before maturity and incurred a loss. Wrote-off of an account receivable. Recorded an unrealized holding gain from an price increase in trading securities.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:D. MATCHING
In the following statement of cash flows, each letter represents a specific item which may appear on the statement, using the
indirect method. Match the appropriate letter(s) with each transaction listed below. More than one letter may be used for
each transaction.
1)
2)
3)
4)
5)
6)
7)
8)
9)
Statement of Cash Flows
Cash Flows from Operating Activities:
Net Income
Adjustments to Net Income:
Add
Deduct
Cash Flows from Investing Activities
Add
Deduct
Cash Flows from Financing Activities
Add
Deduct
Significant Non-Cash Transactions
Not on the Statement of Cash Flows
(A)
(B)
(D)
30 000€
(H)
Sold a short-term, available-for-sale investment at a gain.
Temporarily borrowed money by signing a short-term, promissory trade notes payable.
Treasury stock was purchased with cash.
Declared cash dividends (but did not pay them yet).
Purchased land by giving shares of common stock held in treasury.
Amortized the premium on bonds payable.
Paid off bonds payable before maturity and incurred a loss.
Wrote-off of an account receivable.
Recorded an unrealized holding gain from an price increase in trading securities.
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