Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information
to the contrary.
Purchase of equipment.
Sale of building.
Redemption of bonds.
Payment of dividends.
Issuance of capital stock.
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
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.
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.
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.