Financial Accounting-w/cd-package
3rd Edition
ISBN: 9780131060876
Author: REIMERS
Publisher: PEARSON
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Question
Chapter 2, Problem 3FSA
1.
To determine
State the net
2.
To determine
State the net cash flow from investing activities during the year.
3.
To determine
State the net cash flow from financing activities during the year.
4.
To determine
State the amounts that would be shown as cash and cash equivalents on the
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We will continue to review the operations of the craft beer brewery Ipana Oy, for the second financial year. As in the previous position, Ipana Oy is a brewing company founded in 2011 that focuses on special beers. The company employs 35 people and focuses on the Finnish specialty beer market. The company sells beer mainly to restaurants and wholesalers, and
currently focuses on increasing direct sales to customers. The company owns its production facility in Kerava, in connection with which the company has considerable storage facilities. In addition, the company rents small office space in Hakaniemi, Helsinki, at a fairly moderate price (3200 €/month). The company produces the successful "Ipana IPA" beer, the sale
price of which varies depending on the sales channel, between 2.03 €/l and 3.12 € /1. The company prefers domestic raw materials, but most of the hops come from international suppliers. Raw material costs have remained at the same level in recent years, around 0.85 €/l.…
1. What is the firm's net income in the current year? 2. What is the firm's dividend payment in the current
year? 3. What is the firm's cash flow from operations? 4. What is the firm's cash flow from financing?
What is the firm's cash flow from investing? 6. What is the firm's total change in cash from the prior year to
the current year?
Item
Accounts payable
Accounts receivable
Accruals
Cash
Common Stock
COGS
Current portion long-term debt
Depreciation expense
Interest expense
Inventories
Long-term debt
Net fixed assets
Notes payable
Operating expenses (excl. depr.)
Retained earnings
Sales
Taxes
Prior year
8,191.00
6,088.00
1,024.00
???
10,543.00
12,656.00
4,917.00
2,500
733
4,193.00
13,811.00
51,233.00
4,358.00
13,977
28,930.00
35,119
2,084
Current year
7,716.00
6,770.00
1,571.00
???
12,675.00
18,298.00
5,033.00
2,811.00
417
4,815.00
13,612.00
54,050.00
9,914.00
18,172
29,327.00
47,003.00
2,775
Chapter 2 Solutions
Financial Accounting-w/cd-package
Ch. 2 - Prob. 1YTCh. 2 - Prob. 2YTCh. 2 - Is prepaid insurance an expense or an asset?...Ch. 2 - Prob. 4YTCh. 2 - Give an example of the matching principle from the...Ch. 2 - What is the difference between cash basis and...Ch. 2 - Prob. 7YTCh. 2 - What is GAAP? What is IFRS?Ch. 2 - Prob. 2QCh. 2 - Prob. 3Q
Ch. 2 - Prob. 4QCh. 2 - Prob. 5QCh. 2 - What are the four basic financial statements?Ch. 2 - Which financial statement pertains to a single...Ch. 2 - Prob. 8QCh. 2 - Prob. 9QCh. 2 - Prob. 10QCh. 2 - Prob. 11QCh. 2 - Prob. 12QCh. 2 - What does recognize revenue mean in accounting?Ch. 2 - Prob. 14QCh. 2 - What is an accrual? What is a deferral?Ch. 2 - Must a company collect the money from a sale...Ch. 2 - What is the cost of goods sold?Ch. 2 - Explain the difference between cash basis...Ch. 2 - Prob. 19QCh. 2 - Prob. 20QCh. 2 - Prob. 21QCh. 2 - Prob. 1MCQCh. 2 - Prob. 2MCQCh. 2 - Prob. 3MCQCh. 2 - Prob. 4MCQCh. 2 - Prob. 5MCQCh. 2 - Prob. 6MCQCh. 2 - Prob. 7MCQCh. 2 - Prob. 8MCQCh. 2 - Prob. 9MCQCh. 2 - Prob. 10MCQCh. 2 - Elements of the financial statements. (LO 3). For...Ch. 2 - Prob. 2SEACh. 2 - Prob. 3SEACh. 2 - Prob. 4SEACh. 2 - Prob. 5SEACh. 2 - Prob. 6SEACh. 2 - Cash versus credit sales. (LO 3, 4). Company A had...Ch. 2 - Prob. 8SEACh. 2 - Prob. 9SEACh. 2 - Prob. 10SEACh. 2 - Prob. 11SEBCh. 2 - Prob. 12SEBCh. 2 - Prob. 13SEBCh. 2 - Prob. 14SEBCh. 2 - Prob. 15SEBCh. 2 - Prob. 16SEBCh. 2 - Prob. 17SEBCh. 2 - Prob. 18SEBCh. 2 - Prob. 19SEBCh. 2 - Prob. 20SEBCh. 2 - Prob. 21EACh. 2 - Prob. 22EACh. 2 - Prob. 23EACh. 2 - Balance sheet and income statement transactions....Ch. 2 - Prob. 25EACh. 2 - Prob. 26EACh. 2 - Prob. 27EACh. 2 - Prob. 28EACh. 2 - Elements of the financial statements. (LO 3). The...Ch. 2 - Prob. 30EBCh. 2 - Elements of the financial statements. (LO 3)....Ch. 2 - Prob. 32EBCh. 2 - Prob. 33EBCh. 2 - Prob. 34EBCh. 2 - Prob. 35EBCh. 2 - Current ratio. (LO 5). The following data was...Ch. 2 - Prob. 37PACh. 2 - Prob. 38PACh. 2 - Prob. 39PACh. 2 - Prob. 40PACh. 2 - Prob. 41PACh. 2 - Prob. 42PBCh. 2 - Prob. 43PBCh. 2 - Prob. 44PBCh. 2 - Prob. 45PBCh. 2 - Prob. 46PBCh. 2 - Prob. 1FSACh. 2 - Prob. 2FSACh. 2 - Prob. 3FSA
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