Show the information that should be reported on the statement of cash flows .

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Answer 1

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Chapter 12, Problem 18E

1.

To determine

Show the information that should be reported on the statement of cash flows.

2.

To determine

Explain the way these transactions effect the capital acquisitions ratio and to find out the way these transactions distort one’s interpretation of the ratio.

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Ming Chen started a business and had the following transactions in June. a. Owner invested $60,000 cash in the company along with $15,000 of equipment. b. The company paid $2,000 cash for rent of office space for the month. c. The company purchased $18,000 of additional equipment on credit (payment due within 30 days). d. The company completed work for a client and immediately collected $1,600 cash. e. The company completed work for a client and sent a bill for $7,300 to be received within 30 days. f. The company purchased additional equipment for $5,000 cash. g. The company paid an assistant $2,400 cash as wages for the month. h. The company collected $4,500 cash as a partial payment for the amount owed by the client in transaction e. i. The company paid $18,000 cash to settle the liability created in transaction c. j. The owner withdrew $1,500 cash from the company for personal use.

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Answer 2

Question

Chapter 12, Problem 18E

1.

To determine

Show the information that should be reported on the statement of cash flows.

2.

To determine

Explain the way these transactions effect the capital acquisitions ratio and to find out the way these transactions distort one’s interpretation of the ratio.

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Answer 3

Question

Chapter 12, Problem 18E

1.

To determine

Show the information that should be reported on the statement of cash flows.

2.

To determine

Explain the way these transactions effect the capital acquisitions ratio and to find out the way these transactions distort one’s interpretation of the ratio.

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Answer 4

Question

Chapter 12, Problem 18E

1.

To determine

Show the information that should be reported on the statement of cash flows.

2.

To determine

Explain the way these transactions effect the capital acquisitions ratio and to find out the way these transactions distort one’s interpretation of the ratio.

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Answer 5

Chapter 12, Problem 18E

1.

To determine

Show the information that should be reported on the statement of cash flows.

2.

To determine

Explain the way these transactions effect the capital acquisitions ratio and to find out the way these transactions distort one’s interpretation of the ratio.

Answer 6

Chapter 12, Problem 18E

1.

To determine

Show the information that should be reported on the statement of cash flows.

Answer 7

Chapter 12, Problem 18E

1.

To determine

Show the information that should be reported on the statement of cash flows.

Answer 8

2.

To determine

Explain the way these transactions effect the capital acquisitions ratio and to find out the way these transactions distort one’s interpretation of the ratio.

Answer 9

2.

To determine

Explain the way these transactions effect the capital acquisitions ratio and to find out the way these transactions distort one’s interpretation of the ratio.

Answer 10

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Answer 11

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Answer 12

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Answer 13

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

Show the information that should be reported on the statement of cash flows .

Solution Summary: The author explains that the statement of cash flows determines the net changes in cash due to the operating, investing, and financing activities of a company.

Concept explainers

Show the information that should be reported on the statement of cash flows.

Explain the way these transactions effect the capital acquisitions ratio and to find out the way these transactions distort one’s interpretation of the ratio.

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Chapter 12 Solutions