On the Statement of Cash Flows a $5,000 gain on the sale of investements would be: Multiple Choice an addition to the Investing section a deduction from the Operating section a deduction from the Investing section an addition to the Financing section
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- Cash paid to purchase long-term investments would be reported in the Statement of Cash Flows as: Multiple Choice a deduction from the Investing section an addition to the Investing section a deducțion from the Operating section an addition to the Financing sectionOn the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be a.deducted from net income in converting the net income reported on the income statement to cash flows from operating activities b.added to dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends c.deducted from dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends d.added to net income in converting the net income reported on the income statement to cash flows from operating activitiesClassification of Cash Flows The following are several items that might be disclosed on a companys statement of cash flows presented using the indirect method. a. Net income b. Depreciation expense c. Issuance of common stock d. Loss on disposal of equipment e. Purchase of a building f. Decrease in accounts payable g. Converted bonds into common stock h. Sale of long-term investment i. Payment of interest j. Increase in inventory Required: 1. Indicate whether each item should be classified as a cash flow from operating activities, cash flow from investing activities, cash flow from financing activities, or noncash investing and financing activity. 2. CONCEPTUAL CONNECTION Why is the proper classification of cash flows important?
- COTB MC Qu. 15-38 (Algo) If a... If a business's accrued liabilities balance increases during the period, when the indirect method is used:On the statement of cash flows prepared using the indirect method, a $7,500 gain on the sale of fixed assets would be O a. deducted from dividends declared in converting the dividends declared to the cash flows from financing activities related to dividends O b. deducted from net income in converting the net income reported on the income statement to cash flows from operating activities OC. added to net income in converting the net income reported on the income statement to cash flows from operating activities O d. added to dividends declared in converting the dividends declared to the cash flows from financing activities related to dividendsWhich of the following shows how paying cash to purchase suppites will affect a company's financial statements? Multiple Choice Assets Assets Balance Sheet Llab, + NA Assets Balance Sheet Liab. + Equity NA Balance Sheet Assets - Llab -10 NA Equity NA Balance Sheet Llab. NA Equity NA Equity Rev NA Rev. NA Rev NA Rev. NA Income Statement Exp NA Net Inc. NA Income Statement - Exp. Net Inc. Income Statement Exp NA -Net Inc. NA Income Statement Exp NA Net Inc. NA Statement of Cash Flows - OA Statement of Cash Flows NA Statement of Cash Flows NA Statement of Cash Flows
- Question Content Area A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $26,330, representing a gain of $3,087. The value of this transaction appearing in the operating activities section of the statement of cash flows is a. $(3,087) b. $29,417 c. $26,330 d. $23,243Calculate the Free Cash Flow for Polaris. Item EBITDA Depreciation Tax Rate, T Current Assets Current Liabilities CAPEX Polaris Inc. Selected Financial Information ($000's) Year 0 19,324 17,147 Year 1 10,000 1,188 31% 15,520 15,823 2,078QUESTION 1 Given the following information Please calculate the Free Cash Flow to Equity EBIT Net Income Tax rate Depreciation Capital expenditure 2207.9 1513.5 21.80% 1807.1 954.6 Change in non-cash Working Capital -2176.3 Change in long term debt Interest Expense Liabilities Total Long Term debt Total Assets 4755 5470 3902 5628 927.6 395.3 24511.8 13220.6 26168.2
- 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…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 15Question Content Area A corporation uses the indirect method of preparing the statement of cash flows. A fixed asset has been sold for $26,330, representing a gain of $3,087. The value of this transaction appearing in the operating activities section of the statement of cash flows is
