Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

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Answer 1

Question

Chapter 12, Problem 12.1CP

1.

To determine

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

2.

To determine

Ascertain the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and to explain its direction of its effect in the reconciliation.

3.

To determine

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

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Which of the following best describes the indirect method of preparing the operating activities section of the statement of cash flows? a. Net income reconciled from accrual basis to cash basis.b. A list of cash inflows and cash outflows from transactions involving the purchase and sale of longterm assets and current investments.c. A list of cash inflows and cash outflows from transactions related to revenue and expense activities.d. A list of cash inflows and cash outflows from transactions with lenders and stockholders.

Classifying Cash Flows Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows: a. Retirement of bonds payable b. Purchase of inventory for cash c. Cash sales d. Repurchase of common stock e. Payment of accounts payable f. Disposal of equipment

Select the item that matches with the description. Descriptions a. Begins with net income and then lists adjustments to net income in order to arrive at operating cash flows. b. Item included in net income, but excluded from net operating cash flows. c. Net cash flows from operating activities divided by average total assets. d. Cash transactions involving lenders and investors. e. Cash transactions involving net income. f. Cash transactions for the purchase and sale of long-term assets. g. Purchase of long-term assets by issuing stock to seller. h. Shows the cash inflows and outflows from operations such as cash received from customers and cash paid for inventory, salaries, rent, interest, and taxes. Terms

Answer 2

Question

Chapter 12, Problem 12.1CP

1.

To determine

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

2.

To determine

Ascertain the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and to explain its direction of its effect in the reconciliation.

3.

To determine

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

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Answer 3

Question

Chapter 12, Problem 12.1CP

1.

To determine

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

2.

To determine

Ascertain the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and to explain its direction of its effect in the reconciliation.

3.

To determine

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

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Answer 4

Question

Chapter 12, Problem 12.1CP

1.

To determine

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

2.

To determine

Ascertain the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and to explain its direction of its effect in the reconciliation.

3.

To determine

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

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Answer 5

Chapter 12, Problem 12.1CP

1.

To determine

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

2.

To determine

Ascertain the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and to explain its direction of its effect in the reconciliation.

3.

To determine

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

Answer 6

Chapter 12, Problem 12.1CP

1.

To determine

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

Answer 7

Chapter 12, Problem 12.1CP

1.

To determine

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

Answer 8

2.

To determine

Ascertain the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and to explain its direction of its effect in the reconciliation.

Answer 9

2.

To determine

Ascertain the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and to explain its direction of its effect in the reconciliation.

Answer 10

3.

To determine

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

Answer 11

3.

To determine

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 12 - Prob. 1Q Ch. 12 - Prob. 2Q Ch. 12 - Prob. 3Q Ch. 12 - What are the major categories of business...Ch. 12 - Prob. 5Q Ch. 12 - Prob. 6Q Ch. 12 - Prob. 7Q Ch. 12 - Prob. 8Q Ch. 12 - Compare the two methods of reporting cash flows...Ch. 12 - Prob. 10Q

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

Solution Summary: The author explains the largest item listed under "Adjustments to reconcile net income to net cash provided by operating activities" and lists the Company's three largest uses of cash over the past three years.

Ascertain the largest item listed under “Adjustments to reconcile net income to net cash provided by operating activities” and to explain the direction of its effect in the reconciliation.

Ascertain the largest “Changes in assets and liabilities” in the operating section of the cash flow statement and to explain its direction of its effect in the reconciliation.

List the Company’s three largest uses of cash over the past three years and to list two major sources of cash for investing and financing activities.

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Chapter 12 Solutions