A statement of cash flow of Incorporation T for 2016 using direct method.

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Answer 1

Question

Chapter 12, Problem 1DC

1.

To determine

To prepare: A statement of cash flow of Incorporation T for 2016 using direct method.

2.

To determine

To explain: The reason for the decrease in cash balance and also point the two largest cash payments during 2016.

3.

To determine

To evaluate: The net income and the cash flow of the company for the year 2016, also explain whether 2016 is a good year or bad year.

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The inventory of 3t Company on December 31, 2014, consists of the following items: Part No. Quantity Cost per Unit Cost to Replace per Unit 110 650 $ 135 $ 150 111 1,040 90 78 112 540 120 114 113 220 255 270 120 500 308 312 121* 1,600 24 21 122 390 360 353 (* - Part No. 121 is obsolete and has a realizable value of $0.75 each as scrap) a. Determine the inventory as of December 31, 2014, by the lower-of- cost-or-market method, applying this method directly to each item.

Answer 2

Question

Chapter 12, Problem 1DC

1.

To determine

To prepare: A statement of cash flow of Incorporation T for 2016 using direct method.

2.

To determine

To explain: The reason for the decrease in cash balance and also point the two largest cash payments during 2016.

3.

To determine

To evaluate: The net income and the cash flow of the company for the year 2016, also explain whether 2016 is a good year or bad year.

Expert Solution & Answer

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Answer 3

Question

Chapter 12, Problem 1DC

1.

To determine

To prepare: A statement of cash flow of Incorporation T for 2016 using direct method.

2.

To determine

To explain: The reason for the decrease in cash balance and also point the two largest cash payments during 2016.

3.

To determine

To evaluate: The net income and the cash flow of the company for the year 2016, also explain whether 2016 is a good year or bad year.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 12, Problem 1DC

1.

To determine

To prepare: A statement of cash flow of Incorporation T for 2016 using direct method.

2.

To determine

To explain: The reason for the decrease in cash balance and also point the two largest cash payments during 2016.

3.

To determine

To evaluate: The net income and the cash flow of the company for the year 2016, also explain whether 2016 is a good year or bad year.

Expert Solution & Answer

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Answer 5

Chapter 12, Problem 1DC

1.

To determine

To prepare: A statement of cash flow of Incorporation T for 2016 using direct method.

2.

To determine

To explain: The reason for the decrease in cash balance and also point the two largest cash payments during 2016.

3.

To determine

To evaluate: The net income and the cash flow of the company for the year 2016, also explain whether 2016 is a good year or bad year.

Answer 6

Chapter 12, Problem 1DC

1.

To determine

To prepare: A statement of cash flow of Incorporation T for 2016 using direct method.

Answer 7

Chapter 12, Problem 1DC

1.

To determine

To prepare: A statement of cash flow of Incorporation T for 2016 using direct method.

Answer 8

2.

To determine

To explain: The reason for the decrease in cash balance and also point the two largest cash payments during 2016.

Answer 9

2.

To determine

To explain: The reason for the decrease in cash balance and also point the two largest cash payments during 2016.

Answer 10

3.

To determine

To evaluate: The net income and the cash flow of the company for the year 2016, also explain whether 2016 is a good year or bad year.

Answer 11

3.

To determine

To evaluate: The net income and the cash flow of the company for the year 2016, also explain whether 2016 is a good year or bad year.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 12 - Prob. 1QC Ch. 12 - Prob. 2QC Ch. 12 - Prob. 3QC Ch. 12 - Prob. 4QC Ch. 12 - Prob. 5QC Ch. 12 - Prob. 6QC Ch. 12 - Prob. 7QC Ch. 12 - Prob. 8QC Ch. 12 - Prob. 9QC Ch. 12 - Prob. 10QC

A statement of cash flow of Incorporation T for 2016 using direct method.

To prepare: A statement of cash flow of Incorporation T for 2016 using direct method.

To explain: The reason for the decrease in cash balance and also point the two largest cash payments during 2016.

To evaluate: The net income and the cash flow of the company for the year 2016, also explain whether 2016 is a good year or bad year.

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Chapter 12 Solutions