assign_ch16_17_classDE

assign_ch16_17_classDE -...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
BUSI1002 Introduction to Accounting OPQ Semester 2 2009-2010 Tutorial Assignment Solution Chapter 16: Reporting the statement of cash flows Chapter 17: Analysis of financial statement Exercise 16-3 B (15 minutes) Statement of Cash Flows Noncash Operating Activities Investing Activities Financing Activities Investing & Financing Activities Not Reported on Statement or in Notes a. Retired long-term notes payable by issuing stock X b. Recorded depreciation expense X c. Paid cash dividend that was declared in a prior period X d. Sold inventory for cash X e. Borrowed cash from bank by signing a 9-month note payable X f. Paid cash to purchase a patent X g. Accepted six-month note receivable in exchange for plant assets X h. Paid cash toward accounts payable X i. Collected cash from sales X j. Paid cash to acquire treasury stock X Exercise 16-9 (10 minutes) Cash flows from financing activities Sale of common stock. ...................................................................................................................... $ 75,000 Paid cash dividend. ........................................................................................................................... (13,000) Paid maturity amount on note payable. ............................................................................................. (90,000) Purchased treasury stock. .................................................................................................................. (18,000 ) Net cash used by financing activities. ............................................................................................... $ (46,000) Problem 16-1A Part 1 GEORGIA COMPANY Statement of Cash Flows For Year Ended December 31, 2009 Cash flows from operating activities    Net income. ................................................................................... $120,575    Adjustments to reconcile net income to net  By Ray Wang and Patrick Yung                                                              1
Background image of page 1

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

View Full DocumentRight Arrow Icon
BUSI1002 Introduction to Accounting OPQ Semester 2 2009-2010      cash provided by operating activities:
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/09/2011 for the course ECON econ 1001 taught by Professor Wong during the Fall '09 term at HKU.

Page1 / 5

assign_ch16_17_classDE -...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online