Sale of short-term stock investmentsCash collections from customersPurchase of used equipmentDepreciation expense$ 6,00016,e005,0002,000Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated bya minus sign.)Investing Activities< Prev10 of 14Next >

The cash flow from investing activities include the cash flow from sale or purchase of fixed assets,…

Sale of short-term stock investments Cash collections from customers Purchase of used equipment Depreciation expense $ 6,000 16,000 5,000 2,00e Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated a minus sign.)

Sale of short-term stock investments Cash collections from customers Purchase of used equipment Depreciation expense $ 6,000 16,000 5,000 2,00e Compute cash flows from investing activities using the above company information. (Amounts to be deducted should be indicated a minus sign.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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From the following information relating to Y Ltd, calculated the cash Flow from Operating Activities: Particulars Amount ($) Operating Profit before changes in Operating Assets Debtors (Decrease) Stock (Increase) Bills Payable (Decrease) Creditors (Increase) Cash at Bank(Increase) 57,500 5,000 2,000 4,500 3,200 20,000
The purchase of stock of another company as an investment would appear on the statement of cash flows as an O a a. outflow of cash in the investing activities section Ob. outflow of cash in the financing activities section O c. outflow of cash in the operating activities section Od. item listed in a separate schedule of noncash investing and financing activities
Sales Cost of goods sold Depreciation Other operating expenses Income tax Loss on sale of equipment Gain on sale of investment Net earnings and comprehensive income As at December 31 Cash Accounts receivable Inventory Equipment Less: accumulated depreciation Investment Total Accounts payable Income tax payable Bonds payable Common shares Retained earnings Total $193,800 25,400 76,100 43,800 3,000 (2,300) 20X2 $ 69,300 89,600 187,700 556,300 (231, 200) 54,700 $ 726,400 $ $510,000 339,800 $170, 200 20X1 $ 55,200 102, 600 175,400 475,400 (229,100) 79,000 $ 658,500 62,000 10,000 45,700 307, 200 301,500 $ 726,400 $ 658,500 $ 104,100 7,000 307, 200 240, 200 Additional information: During the year, equipment with an original cost of $99,800 was sold for cash.
ans in txt form
Cash Flows from Operating Activities—Indirect Method Staley Inc. reported the following data: Net income $446,400 Depreciation expense 59,100 Loss on disposal of equipment 39,800 Increase in accounts receivable 27,200 Increase in accounts payable 10,700 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: $ Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities $
prepare statement of cash flow for indirect only
Classifying items on the indirect statement of cash flows Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to consider in preparing the statement: Increase in accounts payable Payment of dividends The decrease in accrued liabilities Issuance of common stock Gain on sale of the building Loss on sale of land Depreciation expense Increase in merchandise inventory The decrease in accounts receivable Purchase of equipment Identify each item as a(n): Operating activity—in addition to net income (O+) or subtraction from net income (O–) Investing activity—cash inflow (I+) or cash outflow (I–) Financing activity—cash inflow (F+) or cash outflow (F–) Activity that is not used to prepare the indirect statement of cash flows (N)
Review the statement of cash flows for Tesla Motors Inc. in ATC 14-1 on page 688. Discuss the cash position of the company by considering the following: How is Tesla repaying its debt?
Cash Flows from Operating Activities—Indirect Method Staley Inc. reported the following data: Net income $298,400 Depreciation expense 59,600 Loss on disposal of equipment 24,800 Increase in accounts receivable 13,200 Increase in accounts payable 11,800 Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
Staley Inc. reported the following data: Net income Depreciation expense Loss on disposal of equipment Increase in accounts receivable Increase in accounts payable Prepare the Cash Flows from Operating Activities section of the statement of cash flows, using the indirect method. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments. $485,300 57,200 30,500 22,400 12,100 Staley Inc. Statement of Cash Flows (partial) Cash flows from operating activities: Adjustments to reconcile net income to net cash flow from operating activities: Changes in current operating assets and liabilities: Net cash flow from operating activities
NOTE: Using INDIRECT Method (Cash Flow)
Calculate the operating cash index for the below quarter.