BE17, P17-7A - BE172

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BE17-2 Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information  to the contrary.  (a) Purchase of equipment. (b) Sale of building. (c) Redemption of bonds. (d) Depreciation. (e) Payment of dividends.  (f) Issuance of capital stock.  BE17-6 The comparative balance sheets for Goltra Company show these changes in noncash current asset accounts: accounts  receivable decrease $80,000, prepaid expenses increase $28,000, and inventories increase $30,000. Compute net cash  provided by operating activities using the indirect method assuming that net income is $200,000.  (List multiple entries with  a positive cash flow first and then the negative cash flow. List amounts from largest to smallest eg 10, 5, 3, 2. If   amount decreases cash flow, use either a negative sign preceding the number eg -45 or parentheses eg (45).)     $ Adjustments to reconcile net income           to net cash provided by operating activities              $                               Net cash by operating activities   $ BE17-8 In a recent year,  Cypress Semiconductor Corporation  reported cash provided by operating activities of $155,793,000,  cash used in investing of $207,826,000, and cash used in financing of $33,372,000. In addition, cash spent for fixed assets  during the period was $132,280,000. No dividends were paid. Calculate free cash flow.  $ E17-2 An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of  Gagliano Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary.  Instructions   Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating  activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity. 
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This note was uploaded on 03/01/2012 for the course ACCOUTNING 550 taught by Professor Abner during the Spring '11 term at DeVry Houston.

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BE17, P17-7A - BE172

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