CHAPTER 6 - CHAPTER 6 Statement of Cash Flows ASSIGNMENT...

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CHAPTER 6 Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE Learning Objectives Questions Brief Exercises Exercises Problems 1. Indicate the primary purpose of the statement of cash flows. 1, 2, 3 2. Distinguish among operating, investing, and financing activities. 4, 5, 6, 7, 10, 17 1, 2, 3, 4 1, 2, 3 1, 2 3. Identify sources of information for preparing the statement of cash flows. 8, 9 4. Differentiate between net income and net cash provided used by operating activities. 9, 11, 12, 13, 14, 15, 16, 18 4, 5, 6, 7, 8 4, 5, 6 3, 4 5. Determine net cash from investing and financing activities. 17 8 6 2 6. Prepare a statement of cash flows. 8, 9, 11, 12, 13, 14, 15 7,8, 9 5, 6, 7, 9, 10 7. Analyze the statement of cash flows. 18, 19, 20 9, 10, 11 7, 10, 11 5, 8, 9
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ASSIGNMENT CHARACTERISTICS TABLE Problem Number Description Difficulty Level Time Allotted (min.) E6-1 Statement of Cash Flows—Classifications. Simple 15–20 E6-2 Statement of Cash Flows—Classifications. Simple 15–20 E6-3 Statement of Cash Flows—Classifications. Simple 15–20 E6-4 Preparation of the operating activities section. Simple 20–30 E6-5 Preparation of the operating activities section. Moderate 30–40 E6-6 Partial Statement of Cash Flows. Moderate 35–45 E6-7 Statement of Cash Flows, Analysis. Moderate 20–30 E6-8 Preparation of a Statement of Cash Flows. Moderate 35–45 E6-9 Preparation of a Statement of Cash Flows. Moderate 35–45 E6-10 Analysis of cash flows. Moderate 20–25 E6-11 Analysis of cash flows. Moderate 20–25 P6-1 Statement of Cash Flows—Classifications. Simple 20–30 P6-2 Statement of Cash Flows—Classifications. Simple 20–30 P6-3 Cash Flows from Operations. Moderate 35–45 P6-4 Cash Flows from operations. Moderate 30–35 P6-5 Preparation and Analysis of a Statement of Cash Flows. Moderate 45–50 P6-6 Preparation of a Statement of Cash Flows. Moderate 40–45 P6-7 Preparation of a Statement of Cash Flows. Moderate 45–55 P6-8 Analysis of Cash Flow Information. Moderate 40–50 P6-9 Preparation and Analysis of a Statement of Cash Flows. Moderate 45–50 P6-10 Preparation of a Statement of Cash Flows. Moderate 40–45
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ANSWERS TO QUESTIONS 1. The statement of cash flows reports the cash receipts, cash payments, and net change in cash resulting from the operating, investing, and financing activities of a company during a period in a format that reconciles the beginning and ending cash balances. 2. Disagree. The statement of cash flows is required. It is the fourth basic financial statement. 3. The statement of cash flows answers the following questions about cash: (a) Where did the cash come from during the period? (b) What was the cash used for during the period? and (c) What was the change in the cash balance during the period?
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This note was uploaded on 11/28/2011 for the course ACCT 310 taught by Professor Wilson during the Fall '11 term at Metro State.

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CHAPTER 6 - CHAPTER 6 Statement of Cash Flows ASSIGNMENT...

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