HORNGREN'S FINAN.+MNGRL...:FINAN.CHAP.
7th Edition
ISBN: 9780136505310
Author: MILLER-NOBLES
Publisher: RENT PEARS
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Textbook Question
Chapter 14, Problem 14.3SE
Classifying items on the indirect statement of
Destiny Corporation is preparing its statement of cash flows by the indirect method. Destiny has the following items for you to consider in preparing the statement:
- a. Increase in accounts payable
- b. Payment of dividends
- c. Decrease in accrued liabilities
- d. Issuance of common stock
- e. Gain on sale of building
- f. Loss on sale of land
- g.
Depreciation expense - h. Increase in merchandise inventory
- i. Decrease in
accounts receivable - j. Purchase of equipment
Identify each item as a(n):
- Operating activity-addition to net income (O+) or subtraction from net income (O–)
- Investing activity–
cash inflow (I+) orcash outflow (I–) - Financing activity-cash inflow (F +) or cash outflow (F–)
- Activity that is not used to prepare the indirect statement of cash flows (N)
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Chapter 14 Solutions
HORNGREN'S FINAN.+MNGRL...:FINAN.CHAP.
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 - Classifying cash flow items Consider the following...Ch. 14 - Prob. 14.17ECh. 14 - Prob. 14.18E
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