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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? 4. The three activities are: Operating activities include the cash effects of transactions that create revenues and expenses and thus enter into the determination of net income.
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