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pretest 12 - All ofthe following activities are reported on...

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Unformatted text preview: All ofthe following activities are reported on the statement of cash flows except; -:j_jn‘—t. investing activities. til-El. financing activities. iii-II. operating activities. -:j:j:- D. marketing activities. D Activities that create long—term liabilities are usually.r {jar-t. operating activities. -:j 3-H. noncash investing and financing activities. -:j:j:- I2. investing activities. iii-D. financing activities. D II'IIS-QIJE'StIBI'I: 1. pt IIIIS lest: :3 DE III'I'IE Hemalnlng: Ulll4l15 “Era CDI'I'IF‘IEtE Requirement State how the statement of cash flows helps investors and creditors perform each ofthe following functions: a. Predict future cash flows. b. Evaluate management decisions. Requirement State how the statement of cash flows helps investors and creditors perform each ofthe following functions: a. The statement of cash flows helps predict future cash flows by reporting I ll, cash D,which are gc predictors offuture cash flows. b. The statement of cash flows helps evaluate management decisions by reporting on D. Requirement State hovv the statement of cash flovvs helps investors and creditors perform each ofthe follovving fi 3. The statement of cash flows helps predict future cash flovvs by reporting past cash receipts and paymr predictors of future cash llovvs. b. The statement of cash flovvs helps evaluate management decisions by reporting on how managers got cash and used cash to run the business Super Sundae Ice Cream began the yearwith $00000 in accounts receivable and ended the yearvvith $55000 in accounts receivable If credit sales forthe yearvvere $515000. the cash collected from customers during the year amounted to [Zia-5.. $510000. QB. $735000. CJC. $580000. .:;j;:.o. $130000. C The follovving information pertains to Georgia Company: Net income . . . . . . . . . . . . . . . . . . . . . .. $ 55.000 Increase in accounts payable . . $ 5.000 Depreciation expense . . . . . . . . . . . . . . .. 1000 Acquisition of equipment . . . . . . 21000 Payment of dividends . . . . . . . . . . . . . . .. 3.000 Sale oftreasury stock . . . . . . . 1.000 Increase in accounts receivable . . . . . . . .. 5.000 Payment oflong—term debt. . . . 11000 Collection oflong—term notes receivable .. 3.000 Proceeds from sale of land . . . . 31000 Loss on sale ofland . . . . . . . . . . . . . . . .. 12.000 Decrease in inventories . . . . . . . 4000 Under the indirect method. net cash provided by operating activities would be {jar-it. $03000. {3-3. $33000. iii-II. $11000. -:j'j:-D. $31000. Net income Adjustments to reconcile net income to net cash provided by operating activities: Depreciation $ 12,000 Loss on sale of land 14,000 Increase in accounts receivable 3,000 Decrease in inventoriir Increase in accounts payable Net cash provided by operating activities 55 35,000 3,000 ...
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This note was uploaded on 02/23/2011 for the course ACCT 3100 taught by Professor Snow during the Fall '08 term at Toledo.

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pretest 12 - All ofthe following activities are reported on...

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