Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

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Answer 1

Question

Chapter 12, Problem 12.2CP

1.

To determine

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

2.

To determine

Ascertain the amount of tax payments made by the Company during the most recent reporting year.

3.

To determine

Explain the reason for adding “share-based compensation” and “depreciation and amortization” in the reconciliation of net income to net cash provided by operating activities.

4.

To determine

Find out whether the Company paid its cash dividends during last three years and to determine the way it is known.

5.

To determine

Ascertain the free cash flow for the year ended January 31, 2015.

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Tatum Company has four products in its inventory. Information about ending inventory is as follows: Product Total Cost Total Net Realizable Value 101 $ 146,000 $ 113,000 102 108,000 123,000 103 73,000 63,000 104 43,000 63,000 Required: Determine the carrying value of ending inventory assuming the lower of cost or net realizable value (LCNRV) rule is applied to individual products. Assuming that inventory write-downs are common for Tatum Company, record any necessary year-end adjusting entry.

Answer 2

Question

Chapter 12, Problem 12.2CP

1.

To determine

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

2.

To determine

Ascertain the amount of tax payments made by the Company during the most recent reporting year.

3.

To determine

Explain the reason for adding “share-based compensation” and “depreciation and amortization” in the reconciliation of net income to net cash provided by operating activities.

4.

To determine

Find out whether the Company paid its cash dividends during last three years and to determine the way it is known.

5.

To determine

Ascertain the free cash flow for the year ended January 31, 2015.

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Answer 3

Question

Chapter 12, Problem 12.2CP

1.

To determine

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

2.

To determine

Ascertain the amount of tax payments made by the Company during the most recent reporting year.

3.

To determine

Explain the reason for adding “share-based compensation” and “depreciation and amortization” in the reconciliation of net income to net cash provided by operating activities.

4.

To determine

Find out whether the Company paid its cash dividends during last three years and to determine the way it is known.

5.

To determine

Ascertain the free cash flow for the year ended January 31, 2015.

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Answer 4

Question

Chapter 12, Problem 12.2CP

1.

To determine

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

2.

To determine

Ascertain the amount of tax payments made by the Company during the most recent reporting year.

3.

To determine

Explain the reason for adding “share-based compensation” and “depreciation and amortization” in the reconciliation of net income to net cash provided by operating activities.

4.

To determine

Find out whether the Company paid its cash dividends during last three years and to determine the way it is known.

5.

To determine

Ascertain the free cash flow for the year ended January 31, 2015.

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Answer 5

Chapter 12, Problem 12.2CP

1.

To determine

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

2.

To determine

Ascertain the amount of tax payments made by the Company during the most recent reporting year.

3.

To determine

Explain the reason for adding “share-based compensation” and “depreciation and amortization” in the reconciliation of net income to net cash provided by operating activities.

4.

To determine

Find out whether the Company paid its cash dividends during last three years and to determine the way it is known.

5.

To determine

Ascertain the free cash flow for the year ended January 31, 2015.

Answer 6

Chapter 12, Problem 12.2CP

1.

To determine

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

Answer 7

Chapter 12, Problem 12.2CP

1.

To determine

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

Answer 8

2.

To determine

Ascertain the amount of tax payments made by the Company during the most recent reporting year.

Answer 9

2.

To determine

Ascertain the amount of tax payments made by the Company during the most recent reporting year.

Answer 10

3.

To determine

Explain the reason for adding “share-based compensation” and “depreciation and amortization” in the reconciliation of net income to net cash provided by operating activities.

Answer 11

3.

To determine

Explain the reason for adding “share-based compensation” and “depreciation and amortization” in the reconciliation of net income to net cash provided by operating activities.

Answer 12

4.

To determine

Find out whether the Company paid its cash dividends during last three years and to determine the way it is known.

Answer 13

4.

To determine

Find out whether the Company paid its cash dividends during last three years and to determine the way it is known.

Answer 14

5.

To determine

Ascertain the free cash flow for the year ended January 31, 2015.

Answer 15

5.

To determine

Ascertain the free cash flow for the year ended January 31, 2015.

Answer 16

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Answer 17

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Answer 18

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Answer 19

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

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

Solution Summary: The author explains whether the Company U uses the direct or indirect method to report cash flows from operating activities.

Find out whether the Company U uses the direct or indirect method to report cash flows from operating activities.

Ascertain the amount of tax payments made by the Company during the most recent reporting year.

Explain the reason for adding “share-based compensation” and “depreciation and amortization” in the reconciliation of net income to net cash provided by operating activities.

Find out whether the Company paid its cash dividends during last three years and to determine the way it is known.

Ascertain the free cash flow for the year ended January 31, 2015.

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Chapter 12 Solutions