Concept – Investing Cash Flows Include
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Which of the following is not part of cash flows through investments?
Which of the following is not part of cash flows through investments?
Given the beginning and ending balance of both inventory and accounts payable along with the cost of goods sold for the year… find the cash paid to suppliers while also preparing a journal entry for the net effect of the merchandise purchases.
Your numbers will vary.
Given the sales revenue and account receivables increase or decrease for three situations… determine the cash received from customers.
Your numbers will vary.
Given an income statement and cash flows from operating activities under both direct and indirect methods … find the missing elements.
Your numbers will vary.
To comply with reporting requirements, when using the direct method to report cash flows from operating activities, a reconciliation of net income to net cash flows from operating activities must be included in the statement of cash flows.
The purchase of treasury stock is classified as an investing cash outflow in the statement of cash flows.
Hugh Morris Comics sold a 3D printer for $110,000 in cash, costing $334,000, and accumulated depreciation of $221,000. How should this transaction be reported?
How should payments make to acquire bonds of other corporations be classified on a statement of cash flows?
How should the purchase of equipment for cash be classified on a statement of cash flows?
How should the proceeds from the sale of a plant site be classified on a statement of cash flows?