Exercise 11.03- Gadgets, Inc.
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Asks you to select which section of statement of cashflows each of ten items would be classified.
Asks you to select which section of statement of cashflows each of ten items would be classified.
Asks you to classify a list of 8 transactions into Operating, Investing, Financing.
Using the indirect method, prepare the statement of cash flows.
Analyze four transactions and indicate in which section each item would be reported for Ernie’s Electronics.
Analyze four transactions and indicate in which section each item would be reported for Ernie’s Electronics.
Prepare a correct format for Technology Solutions.
Prepare the operating activities section of the statement of cash flows using the indirect method.
Prepare the operating activities section of the statement of cash flows using the indirect method.
Prepare the statement of cash flows using the indirect method.
Calculate the net cash flows from financing activities for Marigold. Include cash received from collections from customers, interest on notes receivable, collection of notes receivable, sale of investments, and issuance of notes payable. Also include cash paid for the purchase of inventory, interest on notes payable, purchase of equipment, salaries to employees, payment of notes payable, and dividends to shareholders. Make sure to indicate amounts to be deducted with a minus sign.