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. Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company. Indirect method : Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities. Deduct increase in current assets. Deduct decrease in current liabilities. Add decrease in current assets. Add the increase in current liability. Add depreciation expense and amortization expense. Add loss on sale of plant assets. Less gain on sale of plant assets. the amount of net cash provided by operating activities of “A” Incorporation.

Question

Want to see the full answer?

Answer 1

Question

Chapter 12, Problem 12.1EYCT

(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.

Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company.

Indirect method: Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities.

Deduct increase in current assets.

Deduct decrease in current liabilities.

Add decrease in current assets.

Add the increase in current liability.

Add depreciation expense and amortization expense.

Add loss on sale of plant assets.

Less gain on sale of plant assets.

the amount of net cash provided by operating activities of “A” Incorporation.

(b)

To determine

the amount of amount of increase or decrease in cash and cash equivalents of “A” Incorporation.

(c)

To determine

the method of computing net cash provided by operating activities of “A” Incorporation.

(d)

To determine

the amount of increase or decrease in Accounts receivable, inventory and accounts payable.

(e)

To determine

the amount of net cash used by investing activities of “A” Incorporation.

(f)

To determine

Amount of income taxes paid of “A” Incorporation.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Fast

CODE 14 On August 1, 2010, Cheryl Newsome established Titus Realty, which completed the following transactions during the month: a. Cheryl Newsome transferred cash from a personal bank account to an account to be used for the business in exchange for capital stock, $25,000. b. Paid rent on office and equipment for the month, $2,750. c. Purchased supplies on account, $950. d. Paid creditor on account, $400. c. Earned sales commissions, receiving cash, $18,100. f. Paid automobile expenses (including rental charge) for month, $1,000, and miscel- laneous expenses, $600. g. Paid office salaries, $2,150. h. Determined that the cost of supplies used was $575. i. Paid dividends, $2,000. REQUIREMENTS: 1. Determine increase - decrease of each account and new balance 2. Prepare 3 F.S: Income statement; Retained Earnings Statement; Balance Sheet Scanned with CamScanner

Assume that TDW Corporation (calendar-year-end) has 2024 taxable income of $952,000 for purposes of computing the §179 expense. The company acquired the following assets during 2024: (Use MACRS Table 1, Table 2, Table 3, Table 4, and Table 5.) Asset Machinery Computer equipment Furniture Total Placed in Service September 12 February 10 April 2 Basis $ 2,270,250 263,325 880,425 $ 3,414,000 b. What is the maximum total depreciation, including §179 expense, that TDW may deduct in 2024 on the assets it placed in service in 2024, assuming no bonus depreciation? Note: Round your intermediate calculations and final answer to the nearest whole dollar amount. Maximum total depreciation deduction (including §179 expense)

Answer 2

Question

Chapter 12, Problem 12.1EYCT

(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.

Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company.

Indirect method: Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities.

Deduct increase in current assets.

Deduct decrease in current liabilities.

Add decrease in current assets.

Add the increase in current liability.

Add depreciation expense and amortization expense.

Add loss on sale of plant assets.

Less gain on sale of plant assets.

the amount of net cash provided by operating activities of “A” Incorporation.

(b)

To determine

the amount of amount of increase or decrease in cash and cash equivalents of “A” Incorporation.

(c)

To determine

the method of computing net cash provided by operating activities of “A” Incorporation.

(d)

To determine

the amount of increase or decrease in Accounts receivable, inventory and accounts payable.

(e)

To determine

the amount of net cash used by investing activities of “A” Incorporation.

(f)

To determine

Amount of income taxes paid of “A” Incorporation.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 12, Problem 12.1EYCT

(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.

Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company.

Indirect method: Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities.

Deduct increase in current assets.

Deduct decrease in current liabilities.

Add decrease in current assets.

Add the increase in current liability.

Add depreciation expense and amortization expense.

Add loss on sale of plant assets.

Less gain on sale of plant assets.

the amount of net cash provided by operating activities of “A” Incorporation.

(b)

To determine

the amount of amount of increase or decrease in cash and cash equivalents of “A” Incorporation.

(c)

To determine

the method of computing net cash provided by operating activities of “A” Incorporation.

(d)

To determine

the amount of increase or decrease in Accounts receivable, inventory and accounts payable.

(e)

To determine

the amount of net cash used by investing activities of “A” Incorporation.

(f)

To determine

Amount of income taxes paid of “A” Incorporation.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 12, Problem 12.1EYCT

(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.

Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company.

Indirect method: Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities.

Deduct increase in current assets.

Deduct decrease in current liabilities.

Add decrease in current assets.

Add the increase in current liability.

Add depreciation expense and amortization expense.

Add loss on sale of plant assets.

Less gain on sale of plant assets.

the amount of net cash provided by operating activities of “A” Incorporation.

(b)

To determine

the amount of amount of increase or decrease in cash and cash equivalents of “A” Incorporation.

(c)

To determine

the method of computing net cash provided by operating activities of “A” Incorporation.

(d)

To determine

the amount of increase or decrease in Accounts receivable, inventory and accounts payable.

(e)

To determine

the amount of net cash used by investing activities of “A” Incorporation.

(f)

To determine

Amount of income taxes paid of “A” Incorporation.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 12, Problem 12.1EYCT

(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.

Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company.

Indirect method: Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities.

Deduct increase in current assets.

Deduct decrease in current liabilities.

Add decrease in current assets.

Add the increase in current liability.

Add depreciation expense and amortization expense.

Add loss on sale of plant assets.

Less gain on sale of plant assets.

the amount of net cash provided by operating activities of “A” Incorporation.

(b)

To determine

the amount of amount of increase or decrease in cash and cash equivalents of “A” Incorporation.

(c)

To determine

the method of computing net cash provided by operating activities of “A” Incorporation.

(d)

To determine

the amount of increase or decrease in Accounts receivable, inventory and accounts payable.

(e)

To determine

the amount of net cash used by investing activities of “A” Incorporation.

(f)

To determine

Amount of income taxes paid of “A” Incorporation.

Answer 6

Chapter 12, Problem 12.1EYCT

(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.

Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company.

Indirect method: Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities.

Deduct increase in current assets.

Deduct decrease in current liabilities.

Add decrease in current assets.

Add the increase in current liability.

Add depreciation expense and amortization expense.

Add loss on sale of plant assets.

Less gain on sale of plant assets.

the amount of net cash provided by operating activities of “A” Incorporation.

Answer 7

Chapter 12, Problem 12.1EYCT

(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.

Cash flows from operating activities: These refer to the cash received or cash paid in day-to-day operating activities of a company.

Indirect method: Under this method, the following amounts are to be adjusted from the Net Income to calculate the net cash provided from operating activities.

Deduct increase in current assets.

Deduct decrease in current liabilities.

Add decrease in current assets.

Add the increase in current liability.

Add depreciation expense and amortization expense.

Add loss on sale of plant assets.

Less gain on sale of plant assets.

the amount of net cash provided by operating activities of “A” Incorporation.

Answer 8

(b)

To determine

the amount of amount of increase or decrease in cash and cash equivalents of “A” Incorporation.

Answer 9

(b)

To determine

the amount of amount of increase or decrease in cash and cash equivalents of “A” Incorporation.

Answer 10

(c)

To determine

the method of computing net cash provided by operating activities of “A” Incorporation.

Answer 11

(c)

To determine

the method of computing net cash provided by operating activities of “A” Incorporation.

Answer 12

(d)

To determine

the amount of increase or decrease in Accounts receivable, inventory and accounts payable.

Answer 13

(d)

To determine

the amount of increase or decrease in Accounts receivable, inventory and accounts payable.

Answer 14

(e)

To determine

the amount of net cash used by investing activities of “A” Incorporation.

Answer 15

(e)

To determine

the amount of net cash used by investing activities of “A” Incorporation.

Answer 16

(f)

To determine

Amount of income taxes paid of “A” Incorporation.

Answer 17

(f)

To determine

Amount of income taxes paid of “A” Incorporation.

Answer 18

Expert Solution & Answer

Answer 19

Expert Solution & Answer

Answer 20

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 21

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 - Prob. 7Q Ch. 12 - Prob. 8Q Ch. 12 - Prob. 9Q Ch. 12 - Prob. 10Q

Concept explainers

Videos

the amount of amount of increase or decrease in cash and cash equivalents of “A” Incorporation.

the method of computing net cash provided by operating activities of “A” Incorporation.

the amount of increase or decrease in Accounts receivable, inventory and accounts payable.

the amount of net cash used by investing activities of “A” Incorporation.

Amount of income taxes paid of “A” Incorporation.

Want to see the full answer?

Chapter 12 Solutions