the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

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Answer 1

Question

Chapter 12, Problem 12.2SDC

1.

To determine

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

2.

To determine

The amount of cash received from issuance of long-term debt during the year ended January 31, 2014 by Company L.

3.

To determine

To explain: The amount of money spent by Company L during the year ended January 31, 2014 and to list the two largest cash outflows reported in the investing and financing activities sections of Company L and the manner in which it differs from that of Incorporation HD for the same period.

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he beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Date Transaction Numberof Units Per Unit Total Apr. 3 Inventory 25 $1,200 $30,000 8 Purchase 75 1,240 93,000 11 Sale 40 2,000 80,000 30 Sale 30 2,000 60,000 May 8 Purchase 60 1,260 75,600 10 Sale 50 2,000 100,000 19 Sale 20 2,000 40,000 28 Purchase 80 1,260 100,800 June 5 Sale 40 2,250 90,000 16 Sale 25 2,250 56,250 21 Purchase 35 1,264 44,240 28 Sale 44 2,250 99,000

A company borrows $75,000 on a 9-month, 10% note on April 1. How much interest expense will be incurred by December 31?

Answer 2

Question

Chapter 12, Problem 12.2SDC

1.

To determine

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

2.

To determine

The amount of cash received from issuance of long-term debt during the year ended January 31, 2014 by Company L.

3.

To determine

To explain: The amount of money spent by Company L during the year ended January 31, 2014 and to list the two largest cash outflows reported in the investing and financing activities sections of Company L and the manner in which it differs from that of Incorporation HD for the same period.

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Answer 3

Question

Chapter 12, Problem 12.2SDC

1.

To determine

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

2.

To determine

The amount of cash received from issuance of long-term debt during the year ended January 31, 2014 by Company L.

3.

To determine

To explain: The amount of money spent by Company L during the year ended January 31, 2014 and to list the two largest cash outflows reported in the investing and financing activities sections of Company L and the manner in which it differs from that of Incorporation HD for the same period.

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Answer 4

Question

Chapter 12, Problem 12.2SDC

1.

To determine

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

2.

To determine

The amount of cash received from issuance of long-term debt during the year ended January 31, 2014 by Company L.

3.

To determine

To explain: The amount of money spent by Company L during the year ended January 31, 2014 and to list the two largest cash outflows reported in the investing and financing activities sections of Company L and the manner in which it differs from that of Incorporation HD for the same period.

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Answer 5

Chapter 12, Problem 12.2SDC

1.

To determine

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

2.

To determine

The amount of cash received from issuance of long-term debt during the year ended January 31, 2014 by Company L.

3.

To determine

To explain: The amount of money spent by Company L during the year ended January 31, 2014 and to list the two largest cash outflows reported in the investing and financing activities sections of Company L and the manner in which it differs from that of Incorporation HD for the same period.

Answer 6

Chapter 12, Problem 12.2SDC

1.

To determine

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

Answer 7

Chapter 12, Problem 12.2SDC

1.

To determine

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

Answer 8

2.

To determine

The amount of cash received from issuance of long-term debt during the year ended January 31, 2014 by Company L.

Answer 9

2.

To determine

The amount of cash received from issuance of long-term debt during the year ended January 31, 2014 by Company L.

Answer 10

3.

To determine

To explain: The amount of money spent by Company L during the year ended January 31, 2014 and to list the two largest cash outflows reported in the investing and financing activities sections of Company L and the manner in which it differs from that of Incorporation HD for the same period.

Answer 11

3.

To determine

To explain: The amount of money spent by Company L during the year ended January 31, 2014 and to list the two largest cash outflows reported in the investing and financing activities sections of Company L and the manner in which it differs from that of Incorporation HD for the same period.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 12 - Compare the purposes of the income statement, the...Ch. 12 - Prob. 2Q Ch. 12 - Prob. 3Q Ch. 12 - What are the major categories of business...Ch. 12 - Prob. 5Q Ch. 12 - Describe the types of items used to compute cash...Ch. 12 - Under the indirect method, depreciation expense is...Ch. 12 - Prob. 8Q Ch. 12 - Explain why a 50,000 increase in inventory during...Ch. 12 - Prob. 10Q

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

Solution Summary: The author explains the two basic reporting approaches used by Company L and Incorporation HD for the cash flows from operating activities.

the two basic reporting approaches for the cash flows from operating activities used by Company L and to identify whether Incorporation HD is using the same reporting approaches for the cash flows from operating activities.

The amount of cash received from issuance of long-term debt during the year ended January 31, 2014 by Company L.

To explain: The amount of money spent by Company L during the year ended January 31, 2014 and to list the two largest cash outflows reported in the investing and financing activities sections of Company L and the manner in which it differs from that of Incorporation HD for the same period.

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Chapter 12 Solutions