The last item on the statement of cash flows prior to the schedule of noncash investing and financing activities reports a.net cash flow from investing activities b.net cash flow from financing activities c.cash at the end of the period d.the change in cash

Cash flow statement is used to know the companies cash related activities. It indicates cash from…

Answered: The last item on the statement of cash…

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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When the Direct Method is used to report operating activities in the Statement of Cash Flows, the company must disclose in the notes to. reconciliation of net income with final cash balance b. interest and income taxes (income taxes). c. reconciliation of net income with operating net cash d. salaries and income taxes (income taxes). e. reconciliation of net income with the beginning cash balance
Impact of Transactions Involving Receivables on Statement of Cash Flows From the following list, identify whether the change in the account balance during the year would be added to or deducted from net income when the indirect method is used to determine cash flows from operating activities: Transaction Impact on Cash Flow Statement Increase in accounts receivable Decrease in accounts receivable Increase in notes receivable Decrease in notes receivable Added to net income Deducted from net income No impact on net income
All classifications on the Balance Sheet have a general relationship with sections identified on the Statement of Cash Flows. Indicate which relationships are correctly identified in the table below. Section on Statement Classification on the Balance Sheet of Cash Flows I Bonds Payable Financing II Equipment Operating II Common Stock Financing IV Accounts Payable Operating V Accounts Receivable Operating A) IV, V. B) I, II, II. С)І, IШ, IV, V. D) I, II, III, IV, V. %23
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Question Content Area On the statement of cash flows, the operating activities section would include a.cash paid for the purchase of investments b.cash received from the issuance of common stock c.cash paid for cash dividends d.cash paid for interest on short-term notes payable
Place the following items in the correct order as they would appear in the statement of cash flows: 1. Beginning cash balance 2. Ending cash balance 3. Investing activities 4. Financing activities 5. Net increase (decrease) in cash 6. Operating activities Statement of Cash Flows 1. 2. 3. 4. 6. 5.
Using the direct method of preparing the statement of cash flows, to determine the cash effects of operating activities, which of the following needs to be adjusted? a. Equity as reported in the balance sheet b. Long-term assets and liabilities from the balance sheet c. Net income d. Reported revenues and expenses
Where is cash received shown in the statement of cash flows?
Which of the following describes the operating activities as shown in the statement of cash flows? a. Includes increases and decreases in long-term assets b. Includes transactions that primarily impact current assets and current liabilities c. Shows the beginning and ending balance of cash d. Includes transactions affecting the capitalization of the business
Classifying Items in the Statement of Cash Flows The following items are commonly reported in a statement of cash flows (indirect method presentation). For each item 1 through 20, determine (a) in which section the item is presented (operating, investing, or financing) and (b) whether the associated dollar amount is added or subtracted in the statement. (a) (b) 1. Payments of short-term debt. Answer Answer 2. Repurchases of common stock. Answer Answer 3. Purchases of property and equipment. Answer Answer 4. Sale of investments classified as long-term. Answer Answer 5. Proceeds from the issuance of common stock. Answer Answer 6. Increase in prepaid expenses and other current assets. Answer Answer 7. Acquisition for cash of a competitor. Answer Answer 8. Increase in current income tax payable. Answer Answer 9. Decrease in accounts payable. Answer Answer 10. Dividends paid to stockholders. Answer Answer 11.…
Which of the following is included on the statement of cash flows? a.Cash flows from (used for) investing activities b.Changes in retained earnings c.Total changes in stockholders' equity d.Total assets
What types of transactions are reported in the non-cash investing and financing activities section of the statement of cash flows?

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	a.	net cash flow from investing activities
	b.	net cash flow from financing activities
	c.	cash at the end of the period
	d.	the change in cash

The last item on the statement of cash flows prior to the schedule of noncash investing and financing activities reports a. net cash flow from investing activities b. net cash flow from financing activities c. cash at the end of the period d. the change in cash