Cash Flow Balance Sheet Cash Accounts Receivable. Inventory CURRENT ASSETS Fixed Assets: Gross Accum. Depreciation Net. TOTAL ASSETS BISON INC. Liabilities Accounts Payable Salary Payable CURRENT LIABILITIES Long-Term Debt Total Liabilities Common Size Stockholder's Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Equity 2020 18,523 4,741 11,775 35,039 59,888 -22,200 37,688 72,727 1,856 2,051 3,907 8,620 12,527 2021 38,227 5,784 13,888 57,899 72,000 -26,854 45,146 103,045 1,350 1,500 2,850 10,200 13,050 15,000 25,000 45,200 64,994.872 60,200 89,994.872 72,727 103,044.872 Income Statement Revenue COGS Gross Profit Depreciation Expense Expenses EBIT Interest EBT BISON INC. Tax Net Income Dividends Add to R/E 2021 120,566 68,990 51,576 4,654 17,855 33,721 2,400 31,321 6,577.41 24,743.59 4,948.718 19,794.872

Cash Flow Balance Sheet Cash Accounts Receivable. Inventory CURRENT ASSETS Fixed Assets: Gross Accum. Depreciation Net. TOTAL ASSETS BISON INC. Liabilities Accounts Payable Salary Payable CURRENT LIABILITIES Long-Term Debt Total Liabilities Common Size Stockholder's Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Equity 2020 18,523 4,741 11,775 35,039 59,888 -22,200 37,688 72,727 1,856 2,051 3,907 8,620 12,527 2021 38,227 5,784 13,888 57,899 72,000 -26,854 45,146 103,045 1,350 1,500 2,850 10,200 13,050 15,000 25,000 45,200 64,994.872 60,200 89,994.872 72,727 103,044.872 Income Statement Revenue COGS Gross Profit Depreciation Expense Expenses EBIT Interest EBT BISON INC. Tax Net Income Dividends Add to R/E 2021 120,566 68,990 51,576 4,654 17,855 33,721 2,400 31,321 6,577.41 24,743.59 4,948.718 19,794.872

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 16CE

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Classifying Items in the Statement of Cash Flows The following items are commonly reported in a statement of cash flows (indirect method presentation). For each item 1 through 20, determine (a) in which section the item is presented (operating, investing, or financing) and (b) whether the associated dollar amount is added or subtracted in the statement. (a) (b) 1. Payments of short-term debt. AnswerOperatingInvestingFinancing AnswerAddSubtract 2. Repurchases of common stock. AnswerOperatingInvestingFinancing AnswerAddSubtract 3. Purchases of property and equipment. AnswerOperatingInvestingFinancing AnswerAddSubtract 4. Sale of investments classified as long-term. AnswerOperatingInvestingFinancing AnswerAddSubtract 5. Proceeds from the issuance of common stock. AnswerOperatingInvestingFinancing AnswerAddSubtract 6. Increase in prepaid expenses and other current assets. AnswerOperatingInvestingFinancing AnswerAddSubtract 7. Acquisition for cash of a competitor.…
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Classifying Items in the Statement of Cash Flows The following items are commonly reported in a statement of cash flows (indirect method presentation). For each item 1 through 20, determine (a) in which section the item is presented (operating, investing, or financing) and (b) whether the associated dollar amount is added or subtracted in the statement. (a) (b) 1. Payments of short-term debt. Answer Answer 2. Repurchases of common stock. Answer Answer 3. Purchases of property and equipment. Answer Answer 4. Sale of investments classified as long-term. Answer Answer 5. Proceeds from the issuance of common stock. Answer Answer 6. Increase in prepaid expenses and other current assets. Answer Answer 7. Acquisition for cash of a competitor. Answer Answer 8. Increase in current income tax payable. Answer Answer 9. Decrease in accounts payable. Answer Answer 10. Dividends paid to stockholders. Answer Answer 11.…
In an statement of cash flows what is included in the operating activities section? In the investment section? In the financial activities section? One or two paragraph minimum per section CH 15
nu messageQ&A notifications account_circle Business FinanceQ&A LibraryPlease classify each of the following accounts into its right category of cash flow activities. Which of the following item(s) belong to Operation Activities? (This question may contain multiple answers) Depreciation Fixed assets expenses Change in Inventories Change in Accounts Payable Payment of cash dividends Change in Notes Payable Payment of long-term debt Change in marketable securities Net income Change in Account Receivables Please classify each of the following accounts into its right category of cash flow activities. Which of the following item(s) belong to Operation Activities? (This question may contain multiple answers) Depreciation Fixed assets expenses Change…
When preparing the operating section of the cash flow statement using the indirect method, which of the following financial statements or sections in the financial statement are used? O Long-term liabilities and stockholders' equity from the balance sheet. O Long-term assets from the balance sheet. O Income statement plus long-term assets from the balance sheet. O Income statement plus current assets and current liabilities from the balance sheet. ASUS f4 f5 f6 f7 [X f8 f9 f10 f11 %24 & 4. 5 7 Y G H. 因 6 近 F. 图
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