Each of the following transactions will be shown as either an increase in cash or a decrease in cash on the Statement of Cash Flows. If not, the transaction will have no effect on cash. For each of the following transactions, determine whether it increases, decreases, or has no effect on cash.   Hint: Some items may not affect cash but are still shown as an adjustment to cash on the statement of cash flows. This question is asking how these items are shown on the statement.                                                    Increase in Accounts receivable                                                  Net loss                                                   Purchase of land                                                   Depreciation Expense                                                  Decrease in interest payable                                                   Sale of equipment                                                   Decrease in prepaid rent                                                   Issue stock dividend                                                   Purchase of Land with a Mortgage                                                  Loss on sale of equipment  A. Increase cash B. Decrease cash C. No effect on cash

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In the Excel, or spreadsheet, approach to recording financial transactions, cash paid to creditors is recorded as a decrease in the Cash column and as a decrease in the Retained Earnings column.

If the balance in Cash Short and Over at the end of a period is a credit, it should be reported as "Other Income" on the income statement. Please explain with full explanation.  a. True b. False

Does the statement of cash flows report only transactions that cause an increase or a decrease in cash? Explain.

Which of the following has a different effect on net profit than it does on cashflow? A.Cash sale to customer B.Payment for wages C.Payment for rent D.Depreciation of equipment

Which of the following is the final step in preparing a spreadsheet (work sheet) for the statement of cash flows using the indirect method? Add the Debit and Credit Transactions columns and verify that the totals are equal. Analyze all noncash accounts and enter the net increase (decrease) in cash during the period. Add the Balance column totals, which should total to zero. After all noncash accounts have been analyzed, enter the net increase (decrease) in cash during the period.

State the section(s) of the statement of cash flows prepared by the indirect method (operating activities, investing activities, financing activities, or not reported) and the amount that would be reported for each of the following transactions: Note: Only consider the cash component of each transaction. Use the minus sign to indicate amounts that are cash out flows, cash payments, decreases in cash, or any negative adjustments. If your answer is not reported in an amount box does not require an entry, leave it blank or enter "0". a. Received $120,000 from the sale of land costing $70,000. Investing activities  $fill in the blank 2     Operating activities  $fill in the blank 4 b. Purchased investments for $75,000. Investing activities  $fill in the blank 6 c. Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beginning of the year, and $6,000 were payable at the end of the year. Financing activities  $fill in the blank 8 d. Acquired equipment for…

Is it possible to have “record net income” for a quarter and negative cash flows at the same time? Be specific in your response as to how you would, or would not, be able to see this in the financial statements.