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

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Answer 1

Question

Chapter 12, Problem 2SDC

1.

To determine

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

2.

To determine

Compute the amount of cash received from the issuance of long-term debt during the year ended February 3, 2017 by Company L. State the amount of cash that the company used to repay the long-term debt during the same year and describe the net difference between these inflows and outflows. Compare the net inflow or outflow of cash for long-term debt for Fiscal 2016 of Company L and Incorporation HD.

3.

To determine

State the amounts of money spent by Company L during the year ended February 3, 2017 and 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 2

Question

Chapter 12, Problem 2SDC

1.

To determine

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

2.

To determine

Compute the amount of cash received from the issuance of long-term debt during the year ended February 3, 2017 by Company L. State the amount of cash that the company used to repay the long-term debt during the same year and describe the net difference between these inflows and outflows. Compare the net inflow or outflow of cash for long-term debt for Fiscal 2016 of Company L and Incorporation HD.

3.

To determine

State the amounts of money spent by Company L during the year ended February 3, 2017 and 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 2SDC

1.

To determine

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

2.

To determine

Compute the amount of cash received from the issuance of long-term debt during the year ended February 3, 2017 by Company L. State the amount of cash that the company used to repay the long-term debt during the same year and describe the net difference between these inflows and outflows. Compare the net inflow or outflow of cash for long-term debt for Fiscal 2016 of Company L and Incorporation HD.

3.

To determine

State the amounts of money spent by Company L during the year ended February 3, 2017 and 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 2SDC

1.

To determine

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

2.

To determine

Compute the amount of cash received from the issuance of long-term debt during the year ended February 3, 2017 by Company L. State the amount of cash that the company used to repay the long-term debt during the same year and describe the net difference between these inflows and outflows. Compare the net inflow or outflow of cash for long-term debt for Fiscal 2016 of Company L and Incorporation HD.

3.

To determine

State the amounts of money spent by Company L during the year ended February 3, 2017 and 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 2SDC

1.

To determine

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

2.

To determine

Compute the amount of cash received from the issuance of long-term debt during the year ended February 3, 2017 by Company L. State the amount of cash that the company used to repay the long-term debt during the same year and describe the net difference between these inflows and outflows. Compare the net inflow or outflow of cash for long-term debt for Fiscal 2016 of Company L and Incorporation HD.

3.

To determine

State the amounts of money spent by Company L during the year ended February 3, 2017 and 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 2SDC

1.

To determine

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

Answer 7

Chapter 12, Problem 2SDC

1.

To determine

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

Answer 8

2.

To determine

Compute the amount of cash received from the issuance of long-term debt during the year ended February 3, 2017 by Company L. State the amount of cash that the company used to repay the long-term debt during the same year and describe the net difference between these inflows and outflows. Compare the net inflow or outflow of cash for long-term debt for Fiscal 2016 of Company L and Incorporation HD.

Answer 9

2.

To determine

Compute the amount of cash received from the issuance of long-term debt during the year ended February 3, 2017 by Company L. State the amount of cash that the company used to repay the long-term debt during the same year and describe the net difference between these inflows and outflows. Compare the net inflow or outflow of cash for long-term debt for Fiscal 2016 of Company L and Incorporation HD.

Answer 10

3.

To determine

State the amounts of money spent by Company L during the year ended February 3, 2017 and 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

State the amounts of money spent by Company L during the year ended February 3, 2017 and 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 15

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

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

State the amounts of money spent by Company L during the year ended February 3, 2017 and 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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