Financial Accounting, 8th Edition
Financial Accounting, 8th Edition
8th Edition
ISBN: 9780078025556
Author: Robert Libby, Patricia Libby, Daniel Short
Publisher: McGraw-Hill Education
Question
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Chapter 12, Problem 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

Calculate 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 explain the way it is known.

5.

To determine

Calculate the free cash flow for the year ended January 31, 2012.

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Chapter 12 Solutions

Financial Accounting, 8th Edition

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