Horngren's Financial & Managerial Accounting (5th Edition)
5th Edition
ISBN: 9780133866292
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 14, Problem 14.16E
Classifying cash flow items
Consider the following transactions:
a. Purchased equipment for $130,000 cash.
b. Issued $14 par
c. Cash received from sales to customers of $35,000.
d. Cash paid co vendors, $17,000.
e. Sold building for $19,000 gain for cash.
f. Purchased
g. Retired a notes payable with 1,250 shares of the company's common stock.
Identify the category of the statement of
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Effect of Transactions on Cash Flows
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
a. Retired $300,000 of bonds, on which there was $4,000 of unamortized discount, for $303,000.b. Sold 40,000 shares of $6 par common stock for $18 per share.c. Sold equipment with a book value of $28,400 for $31,500.d. Purchased land for $290,000 cash.e. Purchased a building by paying $40,000 cash and issuing a $490,000 mortgage note payable.f. Sold a new issue of $600,000 of bonds at 98.g. Purchased 15,000 shares of $30 par common stock as treasury stock at $45 per share.h. Paid dividends of $1.50 per share. There were 800,000 shares issued and 90,000 shares of treasury stock.
Effect
Amount
a.
$
b.
$
c.
$
d.
$
e.
$
f.
$
g.
$
h.
$
.
Effect of Transactions on Cash Flows
State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
a. Retired $220,000 of bonds, on which there was $2,200 of unamortized discount, for $229,000.
b. Sold 12,000 shares of $15 par common stock for $23 per share.
c. Sold equipment with a book value of $47,400 for $68,300.
d. Purchased land for $436,000 cash.
e. Purchased a building by paying $58,000 cash and issuing a $110,000 mortgage note payable.
f. Sold a new issue of $240,000 of bonds at 97.
g. Purchased 3,300 shares of $25 par common stock as treasury stock at $48 per share.
h. Paid dividends of $2.50 per share. There were 28,000 shares issued and 4,000 shares of treasury stock.
a.
b.
C.
d.
e.
f.
Effect
Cash payment
Cash receipt
Cash receipt
Cash payment
✓
Cash payment - ✓
Cash receipt
✔
✓
✓
g. Cash payment -✔
h. Cash payment
Amount
229,000 ✓
161,000 X
100000
Chapter 14 Solutions
Horngren's Financial & Managerial Accounting (5th Edition)
Ch. 14 - The purposes of the statement of cash flows are to...Ch. 14 - The main categories of cash flow activities are a....Ch. 14 - Operating activities are most closely related to...Ch. 14 - Which item does not appear on a statement of cash...Ch. 14 - Leather Shop earned net income of 57,000 after...Ch. 14 - The Plant Assets account and Accumulated...Ch. 14 - Mountain Water Corp. issued common stock of 28,000...Ch. 14 - Prob. 8QCCh. 14 - Prob. 9AQCCh. 14 - If accrued liabilities increased during the year,...
Ch. 14 - Prob. 1RQCh. 14 - How does the statement of cash flows help users of...Ch. 14 - Describe the three basic types of cash flow...Ch. 14 - What types of transactions are reported in the...Ch. 14 - Prob. 5RQCh. 14 - Prob. 6RQCh. 14 - Explain why depreciation expense, depletion...Ch. 14 - Prob. 8RQCh. 14 - If current assets other than cash increase, what...Ch. 14 - If current liabilities increase, what is the...Ch. 14 - Prob. 11RQCh. 14 - Prob. 12RQCh. 14 - Prob. 13RQCh. 14 - Prob. 14RQCh. 14 - Prob. 15ARQCh. 14 - Prob. 16BRQCh. 14 - Describing the purposes of the statement of cash...Ch. 14 - Prob. 14.2SECh. 14 - Classifying items on the indirect statement of...Ch. 14 - Computing cash flows from operating...Ch. 14 - Prob. 14.5SECh. 14 - Prob. 14.6SECh. 14 - Prob. 14.7SECh. 14 - Prob. 14.8SECh. 14 - Prob. 14.9SECh. 14 - Prob. 14.10SECh. 14 - Preparing a statement of cash flows using the...Ch. 14 - Prob. 14.12SECh. 14 - Preparing the direct method statement of cash...Ch. 14 - Prob. 14.14SECh. 14 - Prob. 14.15SECh. 14 - Classifying cash flow items Consider the following...Ch. 14 - Prob. 14.17ECh. 14 - Prob. 14.18ECh. 14 - Prob. 14.19ECh. 14 - Prob. 14.20ECh. 14 - Prob. 14.21ECh. 14 - Prob. 14.22ECh. 14 - Prob. 14.23ECh. 14 - Prob. 14.24ECh. 14 - Prob. 14.25ECh. 14 - Prob. 14.26ECh. 14 - Prob. 14.27ECh. 14 - Prob. 14.28ECh. 14 - Prob. 14.29ECh. 14 - Prob. 14.30ECh. 14 - Using a spreadsheet to prepare the statement of...Ch. 14 - Prob. 14.32APCh. 14 - Prob. 14.33APCh. 14 - Prob. 14.34APCh. 14 - Prob. 14.35APCh. 14 - Preparing the statement of cash flows----direct...Ch. 14 - Prob. 14.37APCh. 14 - Prob. 14.38APCh. 14 - Prob. 14.39BPCh. 14 - Prob. 14.40BPCh. 14 - Prob. 14.41BPCh. 14 - Prob. 14.42BPCh. 14 - Prob. 14.43BPCh. 14 - Prob. 14.44BPCh. 14 - Using a spreadsheet to prepare the statement of...Ch. 14 - Prob. 14.46CPCh. 14 - Prob. 14.1CTDCCh. 14 - Moss Exports is having a bad year. Net income is...Ch. 14 - Details about a company's cash flows appear in a...
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