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 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.
Your numbers will vary.
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.