ACCT 1002 Accounting 1B Week 6 Lecture Handout w solutions

ACCT 1002 Accounting 1B Week 6 Lecture Handout w solutions...

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1 ACCT 1002 Accounting 1B Lecture Handout Week 6 Cash Flow Statement The following questions are adapted from Hongren et.al. (2010) E18-10 Identifying activities for the cash flow statement-indirect method Operating activity Investing activity Financing activity Non-cash financing and investing activity (NFI) Transaction that is not reported on the cash flow statement (N) a. Loss on sale of land b. Acquisition of equipment by issue of bill payable c. Payment of long-term debt d. Acquisition of building by issue of ordinary shares e. Accrual of salary expense f. Decrease in inventory g. Increase in prepaid expenses h. Decrease in accrued liabilities i. Cash sale of land j. Issue of long-term bill payable k. Depreciation of equipment l. Purchase of long-term investment m. Issue of ordinary shares n. Increase in accounts payable o. Profit p. Payment of cash dividend
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2 SOLUTIONS E 18-10 O+ a. Loss on sale of land I+ i. Cash sale of land NIF b. Acquisition of equipment by issue
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This note was uploaded on 12/14/2010 for the course ACCT 1002 taught by Professor Angela during the Three '10 term at University of Sydney.

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ACCT 1002 Accounting 1B Week 6 Lecture Handout w solutions...

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