3.22 Accounting 211 - activities They should be disclosed...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Accounting 211 Monday, March 22nd, 1999 Announcements: none Lecture notes: Chapter 27 Homework Questions 3. Statement of cash flows shows how a company's operating, investing, and financial activities have affected cash during an accounting period and explains the net increase or decrease in cash during the accounting period. 5. Operating activities (wages, taxes) Investing activities (purchasing of long-term activities) Financing activities (repayments of loans) 6. They need to be disclosed because they represent investing and financing
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: activities. They should be disclosed in a separate schedule as a part of the statement of cash flows. 9. They may have sold stuff or borrowed. 10. Sold for $13,000, an investing activity 11. A and B are both non-cash transactions Short Exercises 1. 1) b 3) a 5) c 2) c 4) d 6) c 4. Cash Flows from Financing Cash from Sales 190,000 Cash Payments for purchases- 250,000 Net Cash Flow- 60,000 Cash Flows from Investing Purchase of Investments- 250,000 Sale of Investments 190,000 60,000...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern