BE 21.11 – Sanders Awnings (Operating Activities)
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Determine Sanders’ cash flows from operating activities.
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Determine Sanders’ cash flows from operating activities.
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Determine Sunset’s cash flows from operating activities.
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Given the interest expense, the interest payable, and the unamortized discount… find the cash paid for interest.
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Given the interest expense, the interest payable increase or decrease, and the deferred tax liability… find the cash paid for interest in 9 different situations.
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Given the information regarding their cash flows from the year… prepare a statement of cash flows for both investing and financing activities.
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Given information regarding their operating activities… prepare a reconciliation of net income to net cash flows.
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When preparing a statement of cash flows, it is necessary to report cash equivalents as separate items from cash.
The cash flows from operating activities in a cash flow statement include the components of net income reported on a cash basis.
Under both the direct and indirect methods of reporting cash flows from operating activities, cash paid for taxes and interest must be disclosed on the face of the statement or in the disclosure notes.
If cash dividends payable decrease, it indicates that the amount of dividends declared was lower than the amount of dividends paid.