Fundamental Financial Accounting Concepts, 9th Edition
9th Edition
ISBN: 9780078025907
Author: Thomas P Edmonds, Christopher Edmonds, Frances M McNair, Philip R Olds
Publisher: McGraw-Hill Education
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Question
Chapter 12, Problem 10BE
a.
To determine
Compute the amount of
b.
To determine
Compute the amount of cash flow associated with the purchase of machinery.
c.
To determine
Compute the amount of cash flow associated with the sale of machinery.
d.
To determine
Compute the amount of cash flow associated with the purchase of land.
e.
To determine
Prepare the investing activities section of the statement of cash flows.
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The finance director for the City of Green Falls printed the General Fund Revenues and Appropriations Ledgers shown below for the
year just ended.
REVENUES LEDGER
Ref.
Account Description
Est. Revenues
Dr(Cr)
Revenues
Balance
Cr(Dr)
Dr(Cr)
Estimated Revenues-Taxes-Real Property
102
Budget Authorization
6,452,400
6,452,400
103
Accrued Revenue
104
Previous Deferral
109
Deferral
6,455,000
345,000
(308,000)
(2,600)
(347,600)
(39,600)
110
Budget Amendment
111
Closing entry
40,000
(6,492,400)
400
(6,492,000)
112
Closing entry
(6,492,000)
Estimated Revenues-Taxes-Sales
102
Budget Authorization.
103
Received in Cash
110
Budget Amendment
111
Closing Entry
112
Closing Entry
736,250
(25,000)
(711,250)
710,600
736,250
25,650
650
(710,600)
(710,600)
e
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Chapter 12 Solutions
Fundamental Financial Accounting Concepts, 9th Edition
Ch. 12 - Prob. 1QCh. 12 - Prob. 2QCh. 12 - Prob. 3QCh. 12 - Prob. 4QCh. 12 - Prob. 5QCh. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Prob. 9QCh. 12 - Prob. 10Q
Ch. 12 - Prob. 11QCh. 12 - Prob. 12QCh. 12 - Prob. 13QCh. 12 - Prob. 14QCh. 12 - Prob. 15QCh. 12 - Prob. 16QCh. 12 - Prob. 17QCh. 12 - Prob. 1AECh. 12 - Prob. 2AECh. 12 - Prob. 3AECh. 12 - Prob. 4AECh. 12 - Prob. 5AECh. 12 - Prob. 6AECh. 12 - Prob. 7AECh. 12 - Prob. 8AECh. 12 - Prob. 9AECh. 12 - Prob. 10AECh. 12 - Prob. 11AECh. 12 - Prob. 12AECh. 12 - Prob. 13AECh. 12 - Prob. 14APCh. 12 - Prob. 15APCh. 12 - Prob. 16APCh. 12 - Prob. 17APCh. 12 - Prob. 18APCh. 12 - Prob. 19APCh. 12 - Prob. 20APCh. 12 - Prob. 21APCh. 12 - Prob. 1BECh. 12 - Prob. 2BECh. 12 - Prob. 3BECh. 12 - Prob. 4BECh. 12 - Prob. 5BECh. 12 - Prob. 6BECh. 12 - Prob. 7BECh. 12 - Prob. 8BECh. 12 - Prob. 9BECh. 12 - Prob. 10BECh. 12 - Prob. 11BECh. 12 - Prob. 12BECh. 12 - Prob. 13BECh. 12 - Prob. 14BPCh. 12 - Prob. 15BPCh. 12 - Prob. 16BPCh. 12 - Prob. 17BPCh. 12 - Prob. 18BPCh. 12 - Prob. 19BPCh. 12 - Prob. 20BPCh. 12 - Prob. 21BPCh. 12 - Prob. 1ATCCh. 12 - Prob. 2ATCCh. 12 - Prob. 5ATCCh. 12 - Prob. 6ATCCh. 12 - Prob. 7ATC
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