Statement of cash flows Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company. Type of activities reported in statement of cash flows: Figure (1) To Indicate: Statement presentation of transactions. Issue of bonds payable for cash amounted to $200,000 must be reported in the Financing activities in the statement of cash flow.

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Answer 1

Question

Chapter 12, Problem 12.1BE

(a)

To determine

Statement of cash flows

Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.

Type of activities reported in statement of cash flows:

Figure (1)

To Indicate: Statement presentation of transactions.

Issue of bonds payable for cash amounted to $200,000 must be reported in the Financing activities in the statement of cash flow.

(b)

To determine

To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

(c)

To determine

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

(d)

To determine

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

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Use the following information from Dubuque Company’s financial statements to prepare the operating activities section of the statement of cash flows (indirect method) for the year 2018.

Indicate statement presentation of selected transactions. BE12.1 (LO 1), C Each of these items must be considered in preparing a statement of cash flows for Irvin Co. for the year ended December 31, 2022. For each item, state how it should be shown in the statement of cash flows for 2022. a. Issued bonds for $200,000 cash. b. Purchased equipment for $180,000 cash. c. Sold land costing $20,000 for $20,000 cash. d. Declared and paid a $50,000 cash dividend.

Answer 2

Question

Chapter 12, Problem 12.1BE

(a)

To determine

Statement of cash flows

Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.

Type of activities reported in statement of cash flows:

Figure (1)

To Indicate: Statement presentation of transactions.

Issue of bonds payable for cash amounted to $200,000 must be reported in the Financing activities in the statement of cash flow.

(b)

To determine

To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

(c)

To determine

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

(d)

To determine

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

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Answer 3

Question

Chapter 12, Problem 12.1BE

(a)

To determine

Statement of cash flows

Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.

Type of activities reported in statement of cash flows:

Figure (1)

To Indicate: Statement presentation of transactions.

Issue of bonds payable for cash amounted to $200,000 must be reported in the Financing activities in the statement of cash flow.

(b)

To determine

To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

(c)

To determine

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

(d)

To determine

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

Expert Solution & Answer

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Answer 4

Question

Chapter 12, Problem 12.1BE

(a)

To determine

Statement of cash flows

Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.

Type of activities reported in statement of cash flows:

Figure (1)

To Indicate: Statement presentation of transactions.

Issue of bonds payable for cash amounted to $200,000 must be reported in the Financing activities in the statement of cash flow.

(b)

To determine

To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

(c)

To determine

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

(d)

To determine

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

Expert Solution & Answer

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See solution

Answer 5

Chapter 12, Problem 12.1BE

(a)

To determine

Statement of cash flows

Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.

Type of activities reported in statement of cash flows:

Figure (1)

To Indicate: Statement presentation of transactions.

Issue of bonds payable for cash amounted to $200,000 must be reported in the Financing activities in the statement of cash flow.

(b)

To determine

To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

(c)

To determine

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

(d)

To determine

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

Answer 6

Chapter 12, Problem 12.1BE

(a)

To determine

Statement of cash flows

Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.

Type of activities reported in statement of cash flows:

Figure (1)

To Indicate: Statement presentation of transactions.

Issue of bonds payable for cash amounted to $200,000 must be reported in the Financing activities in the statement of cash flow.

Answer 7

Chapter 12, Problem 12.1BE

(a)

To determine

Statement of cash flows

Statement of cash flow is a financial statement that shows the cash and cash equivalents of a company for a particular period of time. It shows the net changes in cash, by reporting the sources and uses of cash as a result of operating, investing, and financing activities of a company.

Type of activities reported in statement of cash flows:

Figure (1)

To Indicate: Statement presentation of transactions.

Issue of bonds payable for cash amounted to $200,000 must be reported in the Financing activities in the statement of cash flow.

Answer 8

(b)

To determine

To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

Answer 9

(b)

To determine

To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

Answer 10

(c)

To determine

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

Answer 11

(c)

To determine

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

Answer 12

(d)

To determine

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

Answer 13

(d)

To determine

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 12 - Prob. 1Q Ch. 12 - Prob. 2Q Ch. 12 - Prob. 3Q Ch. 12 - Prob. 4Q Ch. 12 - Prob. 5Q Ch. 12 - Prob. 6Q Ch. 12 - Why is it necessary to use comparative balance...Ch. 12 - Prob. 8Q Ch. 12 - Prob. 9Q Ch. 12 - Prob. 10Q

Solution Summary: The author explains that statement of cash flows shows the cash and cash equivalents of a company.

Concept explainers

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To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

Want to see the full answer?

Chapter 12 Solutions

Solution Summary: The author explains that statement of cash flows shows the cash and cash equivalents of a company.

Concept explainers

Videos

To Indicate: Statement presentation of transactions. Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

To Indicate: Statement presentation of transactions. Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

To Indicate: Statement presentation of transactions. Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.

Want to see the full answer?

Chapter 12 Solutions

To Indicate: Statement presentation of transactions.

Purchase of equipment for cash amounted to $180,000 must be reported in the Investing activities in the statement of cash flow.

To Indicate: Statement presentation of transactions.

Sale of land for cash amounted to $20,000 must be reported in the Investing activities in the statement of cash flow.

To Indicate: Statement presentation of transactions.

Payment of cash dividend amounted to $50,000 must be reported in the Financing activities in the statement of cash flow.