Hagag Company uses the indirect method to prepare its statement of cash flows. Please refer to the following sections of the company's comparative balance sheet and complete the fourth column to show the increase or decrease for each item listed. Please use the correct sign for each item to gain the full mark assigned (for example if the figure is negative, this must be clearly recorded with brackets or with the minus sign ie (240o00) or -24000 Increase (+) /decrease (-) 2014 $ 4,000 2,000 84,000 $ 90,000 $97,000 2013 $ 6,000 Accounts payable Accrued liabilities Long-term notes payable Total liabilities 1,000 90,000 Common stock Retained earnings Treasury stock Total equity 30,000 2,000 74,000 (5,000) |$135,000 $ 71,000 113,000 (8,000) Total liabilities and equity $225,0o0 $168,000 The company also provided the following additional information: No stock was retired. No treasury stock was sold. During 2014, the company repaid $40,000 of long-term notes payable. During 2014, the company borrowed $34,000 on a new note payable. Net income for the year was $49,00o. From the info presented above, prepare the financing section of the statement of cash flows using the following format: Financing activities: Issuance of stock Purchase of treasury stock Sale of treasury stock Borrowing on notes payable Repayments of notes payable Payment of dividends Net cash from financing activities

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The section in the statement of cash flows for reporting the issuance of common stock for cash is: Multiple Choice Operating activities. Financing activities. Investing activities. Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows.

The direct and indirect methods relate to this section on the statement of cash flows: Group of answer choices investing & financing investing operating operating, investing, and financing

Assuming Sherban reports dividends paid as a financing activity: Calculate net cash flow from operating activities. Use a proper three-line title. Calculate Sherban’s current cash debt coverage ratio, cash debt coverage ratio and free cash flow. Using your answers in part (b) and comment on Sherban’s liquidity and financial flexibility. Under IFRS, how else might Sherban account for cash dividends paid in the cash flow statement?

Impact of Transactions Involving Treasury Stock on Statement of Cash Flows From the following list, identify each item as operating, investing, financing, or not separately reported on the statement of cash flows. Item Type of activity Repurchase of common stock as treasury stock Reissuance of common stock (held as treasury stock) Retirement of treasury stock Financing Investing Not reported Operating

D&D Company reports select items from its statement of cash flows. Identify those items related to investing activities and co- net cash flows from investing activities. Activity Cash paid to purchase property Cash from selling merchandise Cash paid for income taxes Cash received from a long-term note Cash paid to repurchase stock Cash received from sale of investments Cash received from issuing equity shares Cash paid to purchase merchandise Cash paid to purchase investment securities Cash paid in salaries and wages Note: Cash outflows should be indicated by a minus sign. Activity Net cash flows from investing activities $ Amount 0 Amount $ 400,000 688,000 135,000 850,000 100,000 40,000 500,000 710,000 50,000 410,000

The sale of treasury stock will be reported as a in the section of the cash flow statement. O Cash Outflovw; Operating O Cash Inflow, Financing O Cash Inflow; Operating O Cash Outflow; Financing

5. In what section of the statement of cash flows is the repayment (retirement) of bonds payable reported?   Noncash activities note Operating Activities Investing Activities Financing Activities

2. a.  In what section of the statement of cash flows would a Gain be reported when the indirect method is used?   Noncash activities note Investing Activities Financing Activities Operating Activitiesb.  In what section of the statement of cash flows is the purchase of treasury stock reported?   Investing Activities Operating Activities Noncash activities note Financing Activities