Cash Flow Identity The Stancil Corporation provided the following information: Proceeds from long-term borrowing Proceeds from the sale of common stock Purchases of fixed assets Purchases of inventories Payment of dividends Payment of interest What was the company's operating cash flow? $23,400 3,480 25,200 3,670 9,120 2,530
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- 27. Which of the following categories of a firm’s total cash flows accounts for cash flows resulting from the purchase or repayment of long-term loans, the issue of new stock, or the payment of dividends? a. Financing activities b. Investing activities c. Liquidity activities d. Operating activities oountryQ1.From the following Balance Sheets of X Ltd, prepare Cash Flow Statement: (6) 31/3/18 (Rs.) Equities & Liabilities 31/3/19 (Rs.) |Share holders funds a) Share capital b) Reserves & surpluses Non- current liailities Long term borrowings Current liailities a) Trade payables b) Other Current Liabilities c) Tax Provisions 4,00,000 1,10,000 5,00,000 2,50,000 3. 2,50,000 2,00,000 83,000 15,000 4 10,000 12,000 11,000 18,000 8,64,000 31/3/18 (Rs.) 9,95,000 31/3/19 (Rs.) Assets Non - current assets a) tangible assets b) Intangible assets c) investments Current assets a) Trade receivables b) Cash & cash equivalents c) Other current assets 5,00,000 7,00,000 1,25000 1,40,000 1,00,000 1,20,000 31,000 24,000 20,000 9,95,000 50,000 19,000 6. 30,000 8,64,000 Notes Share capital 31/3/18 (Rs.) 4,00,000 31/3/19 (Rs.) 5,00,000 1 Equity Share Capital Reserves & surpluses General reserve Profit & loss A/c Non- current liabilities 12% Debentures Other non- current liabilities Outstanding expenses…III. The following changes in the statement of financial position accounts of BC were gathered for preparation of Statement on Cash Flow: Cash Short-term investment Accounts receivable Inventory Noncurrent investment Equipment Accumulated depreciation - increase Accounts payable Dividends payable Short-term notes, non-trade Long-term debts Ordinary share, P10 par Share premium (APIC) Accumulated profits Increase (Decrease) 270,000 200,000 (20,000) 100,000 (100,000) 700,000 50,000 (5,000) 160,000 300,000 130,000 150,000 75,000 290,000 The following additional information relates to the same year: a. Net income was P1,090,000. b. Cash dividend declared was P800,000. c. Equipment costing P600,000 and having carrying cost of P350,000 was sold for P350,000. Required: Determine the following: 1. Total net cash flow 2. Net cash flow from operating 3. Net cash flow from investing 4. Net cash flow from financing
- 1919m2LSFAJxzbwov4D68iWUmoFzSg/formResponse?pli=1 1. The following item would be classified as an investing activity on the statement of cash flows: * O A) Payments for inventory. O B) Acquisitions of equipment. O C) Proceeds from borrowing. O D) Payments on loans. O E) None of the above. 2. Common-size income statement prepared when: O A) Each income statement item is expressed as a percentage of total assets. O B) Each income statement item is expressed as a percentage of net sales. O C) Each income statement item is expressed as a percentage of net income. D) Each income statement item is expressed as a percentage of cash flow O E) None of the above 9:59 AM eD 40 ENG 22-Dec-2021 M TOSHIR O O O OOTrent Co. reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Purchase of treasury stock Payments of debt Trent's free cash flow is O $20000. O $90000. O $210000. O $310000. $430000 300000 200000 120000 220000 22000 70000-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.…
- 14. Cash Flow Statement Required: Prepare a statement of Cash Flows For Year Ended December 31, 2021 Use Proper Format and Indirect Method The comparative balance sheets of Street Inc. at the beginning and end of the year 2021 are as follows: Cash Accounts Receivable Inventory Property, Plant and Equipment Accumulated Depreciation Marketable Securities Loan Receivable Total Assets Accounts Payable Income Taxes Payable Dividends Payable Lease Liability Common Stock Capital in Excess of Par Retained Earnings Total Liabilities and Stockholders Equity Street, Inc. Income Statement For Year Ended December 31, 2021 Sales Cost of Good Sold Gross Profit Depreciation Expense Administrative Expense Earnings Before Interest and Taxes Interest Expense Earnings Before Taxes Taxes Net Income Dec 31st $600,000 332,000 4,100,000 600,000 550,000 (325,000) (300,000) 1,250,000 1,000,000 100,000 $6,557,000 $6,070,000 $180,000 $140,000 45,000 46,000 10,000 January 1st $320,000 300,000 4,100,000 $4,000,000…Problem 4: Following are the comparative statements of financial position of CPA Company to add in preparing a statement of cash flows: ● CPA Company Statement of Financial Position December 31, 2021 and 2020 Assets Cash and cash equivalents Financial assets at FVPL Accounts receivable Inventory Long-term investments Property, plant and equipment Less: accumulated depreciation Patents Less: accumulated amortization Total assets Liabilities and Equity Accounts payable Income tax payable 12% bonds payable Less: discount on bonds payable Ordinary share capital Retained earnings The following events took place in 2021: 2021 P900,000 2020 P620,000 300,000 400,000 1,956,500 1,445,000 3,050,000 3,200,000 1,000,000 1,250,000 9,000,000 8,000,000 (2,200,000) (2,000,000) 600,000 600,000 (100,000) P14,606,500 P13,415,000 P2,200,000 P1,900,000 34,500 45,000 4,000,000 4,000,000 (250,000) (300,000) 7,500,000 6,500,000 1,122,000 1,270,000 P14,606,500 P13,415,000 CPA Company declared and paid cash…An assumption inherent in a company’s IFRS statement of financial position is that companies recover and settle the assets and liabilities at Select one: a. their net realizable value. b. the present value of future cash flows. c. the amount that is probable where “probable” means a level of likelihood of at least more than 50%. d. their reported amounts
- Sunland Co. reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Purchase of treasury stock Payments of debt Sunland's free cash flow is $192000. $292000. $62000. O $16000. $422000 314000 214000 130000 230000 23000 72000The ________ is a measure of a company's ability to pay its current liabilities from cash and cash equivalents. A. cash conversion cycle B. cash ratio C. gross profit D. debt equity ratioClassifying 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.…