Investing activities: Investing activities include purchasing and selling of long-term assets, making and collecting loans acquiring and disposing of investments and productive long-lived assets. (a) To determine: To determine the net cash method and net cash for the year 2012, 2013, and 2014 and the item that is not responsible for decrease in cash of G&P company.

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Answer 1

Question

Chapter 23, Problem 1UJ

To determine

Investing activities: Investing activities include purchasing and selling of long-term assets, making and collecting loans acquiring and disposing of investments and productive long-lived assets.

(a) To determine: To determine the net cash method and net cash for the year 2012, 2013, and 2014 and the item that is not responsible for decrease in cash of G&P company.

To determine

(b) To determine: To determine the important item in the cash flows used for investing activities and financing section in 2014.

To determine

(c) To determine: To determine the reporting of “deferred income taxes” in the statement of cash flows for G&P and also determine the reason for such reporting.

To determine

d) To determine: To determine the reporting of depreciation on statement of cash flows and also to find why depreciation is added back to net income in the statement of cash flows.

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Answer 2

Question

Chapter 23, Problem 1UJ

To determine

Investing activities: Investing activities include purchasing and selling of long-term assets, making and collecting loans acquiring and disposing of investments and productive long-lived assets.

(a) To determine: To determine the net cash method and net cash for the year 2012, 2013, and 2014 and the item that is not responsible for decrease in cash of G&P company.

To determine

(b) To determine: To determine the important item in the cash flows used for investing activities and financing section in 2014.

To determine

(c) To determine: To determine the reporting of “deferred income taxes” in the statement of cash flows for G&P and also determine the reason for such reporting.

To determine

d) To determine: To determine the reporting of depreciation on statement of cash flows and also to find why depreciation is added back to net income in the statement of cash flows.

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Answer 3

Question

Chapter 23, Problem 1UJ

To determine

Investing activities: Investing activities include purchasing and selling of long-term assets, making and collecting loans acquiring and disposing of investments and productive long-lived assets.

(a) To determine: To determine the net cash method and net cash for the year 2012, 2013, and 2014 and the item that is not responsible for decrease in cash of G&P company.

To determine

(b) To determine: To determine the important item in the cash flows used for investing activities and financing section in 2014.

To determine

(c) To determine: To determine the reporting of “deferred income taxes” in the statement of cash flows for G&P and also determine the reason for such reporting.

To determine

d) To determine: To determine the reporting of depreciation on statement of cash flows and also to find why depreciation is added back to net income in the statement of cash flows.

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Answer 4

Question

Chapter 23, Problem 1UJ

To determine

Investing activities: Investing activities include purchasing and selling of long-term assets, making and collecting loans acquiring and disposing of investments and productive long-lived assets.

(a) To determine: To determine the net cash method and net cash for the year 2012, 2013, and 2014 and the item that is not responsible for decrease in cash of G&P company.

To determine

(b) To determine: To determine the important item in the cash flows used for investing activities and financing section in 2014.

To determine

(c) To determine: To determine the reporting of “deferred income taxes” in the statement of cash flows for G&P and also determine the reason for such reporting.

To determine

d) To determine: To determine the reporting of depreciation on statement of cash flows and also to find why depreciation is added back to net income in the statement of cash flows.

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Answer 5

Chapter 23, Problem 1UJ

To determine

Investing activities: Investing activities include purchasing and selling of long-term assets, making and collecting loans acquiring and disposing of investments and productive long-lived assets.

(a) To determine: To determine the net cash method and net cash for the year 2012, 2013, and 2014 and the item that is not responsible for decrease in cash of G&P company.

To determine

(b) To determine: To determine the important item in the cash flows used for investing activities and financing section in 2014.

To determine

(c) To determine: To determine the reporting of “deferred income taxes” in the statement of cash flows for G&P and also determine the reason for such reporting.

To determine

d) To determine: To determine the reporting of depreciation on statement of cash flows and also to find why depreciation is added back to net income in the statement of cash flows.

Answer 6

Chapter 23, Problem 1UJ

To determine

Investing activities: Investing activities include purchasing and selling of long-term assets, making and collecting loans acquiring and disposing of investments and productive long-lived assets.

(a) To determine: To determine the net cash method and net cash for the year 2012, 2013, and 2014 and the item that is not responsible for decrease in cash of G&P company.

Answer 7

Chapter 23, Problem 1UJ

To determine

Investing activities: Investing activities include purchasing and selling of long-term assets, making and collecting loans acquiring and disposing of investments and productive long-lived assets.

(a) To determine: To determine the net cash method and net cash for the year 2012, 2013, and 2014 and the item that is not responsible for decrease in cash of G&P company.

Answer 8

To determine

(b) To determine: To determine the important item in the cash flows used for investing activities and financing section in 2014.

Answer 9

To determine

(b) To determine: To determine the important item in the cash flows used for investing activities and financing section in 2014.

Answer 10

To determine

(c) To determine: To determine the reporting of “deferred income taxes” in the statement of cash flows for G&P and also determine the reason for such reporting.

Answer 11

To determine

(c) To determine: To determine the reporting of “deferred income taxes” in the statement of cash flows for G&P and also determine the reason for such reporting.

Answer 12

To determine

d) To determine: To determine the reporting of depreciation on statement of cash flows and also to find why depreciation is added back to net income in the statement of cash flows.

Answer 13

To determine

d) To determine: To determine the reporting of depreciation on statement of cash flows and also to find why depreciation is added back to net income in the statement of cash flows.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 23 - Prob. 1Q Ch. 23 - Prob. 2Q Ch. 23 - Prob. 3Q Ch. 23 - Prob. 4Q Ch. 23 - Prob. 5Q Ch. 23 - Prob. 6Q Ch. 23 - Prob. 7Q Ch. 23 - Prob. 8Q Ch. 23 - Prob. 9Q Ch. 23 - Prob. 10Q

(b) To determine: To determine the important item in the cash flows used for investing activities and financing section in 2014.

(c) To determine: To determine the reporting of “deferred income taxes” in the statement of cash flows for G&P and also determine the reason for such reporting.

d) To determine: To determine the reporting of depreciation on statement of cash flows and also to find why depreciation is added back to net income in the statement of cash flows.

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Chapter 23 Solutions