ch 13 fall - Chapter 13 Homework Problems E13-1 Matching...

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Chapter 13 Homework Problems E13-1 Matching Items Reported to Cash Flow Statement Categories (Indirect Method) Reebok International Ltd. is a global company that designs and markets sports and fitness products, including footwear, apparel, and accessories. Some of the items included in its recent annual consolidated statement of cash flows presented using the indirect method are listed here. Indicate whether each item is disclosed in the Operating Activities (O), Investing Activities (I), or Financing Activities (F) section of the statement or (NA) if the item does not appear on the statement. 1. O Depreciation and amortization 2. NA Cash collections from customers 3. F Dividends Paid 4. O [Change in] Inventory 5. I Payments to acquire property and equipment 6. F Repayments of long-term debt 7. O Net income 8. F Proceeds from issuance of common stock to employees 9. F Net repayments of notes payable to banks 10. O [Change in] Accounts payable and accrued expenses E13-5 Comparing the Direct and Indirect Methods To compare statement of cash flows reporting under the direct and indirect methods, state which items are used with each method. Cash Flows (and related changes) Statement of Cash Flows Method 1. Accounts payable increase or decrease Indirect 2. Payments to employees Direct 3. Cash collections from customers Direct 4. Accounts receivable increase or decrease Indirect 5. Payments to suppliers Direct 6. Inventory increase or decrease Indirect 7. Wages payable, increase or decrease Indirect
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8. Depreciation expense Indirect 9. Net income Indirect 10. Cash flows from operating activities Direct and Indirect 11. Cash flows from investing activities Direct and Indirect 12. Cash flows from financing activities Direct and Indirect 13. Net increase or decrease in cash during the period Direct and Indirect E13-6 Reporting Cash Flows from Operating Activities - (Indirect Method) The following information pertains to Night Company: Income Statement Sales $ 91,000 Expenses Cost of goods sold $ 56,875 Depreciation expense
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ch 13 fall - Chapter 13 Homework Problems E13-1 Matching...

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