Exercise 11.01 – Matching
Financial Accounting
Spiceland, Thomas, and Herrman
05th Edition and 06th Edition
Match the following items with the description.
Match the following items with the description.
Determine proper classification.
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.
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.
Calculate net cash flows.
Your numbers will vary.
Calculate net cash flows from financing.
Your numbers will vary.
Calculate cash received and cash paid.
Your numbers will vary.
Given select data from an income statement and balance sheet… prepare the operating activities portion of the statement of cash flows using the direct method.
Your numbers will vary.