147 is depreciation a source of cash explain in its

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147. Is depreciation a source of cash? Explain.
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In its 2013 Annual Report to Shareholders, Sisters Corporation included the following information on cash flows from operations: 148. Explain why Sisters Corporation subtracts equity income from its net income in its measurement of cash flows.
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149. Did accounts receivable increase or decrease during 2013? 150. What activities are included in the statement of cash flows under the section titled "Cash flows from investing activities"? 151. What activities are included in the statement of cash flows under the section titled "Cash flows from financing activities"?
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152. The sale of stock and the sale of bonds are reported as financing activities. Are payments of dividends to shareholders and payments of interest to bondholders also reported as financing activities? Explain. 153. Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction.
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154. Listed below are reporting classifications for a statement of cash flows using the indirect method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction.
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155. Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction.
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156. Listed below are the reporting classifications for a statement of cash flows using the direct method for reporting operating cash flows. Indicate the reporting classification that would apply to each of the five transactions described below by placing the number of the reporting classification in the space provided by each transaction.
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157. Listed below are several transactions that typically produce either an increase or a decrease in cash. Indicate by letter whether the cash effect of each transaction is reported on a statement of cash flows as an operating (O), investing (I), or financing (F) activity. Transactions
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21 Key 1. Amounts held in cash equivalent investments must be reported separately from amounts held as cash in the statement of cash flows. FALSE AACSB: Reflective Thinking AICPA FN: Measurement Blooms: Remember Difficulty: 2 Medium Learning Objective: 21-02 Define cash equivalents. Spiceland - Chapter 21 #1 Topic: Cash and cash equivalents 2. If the direct method is used to report cash flows from operating activities in the body of the statement of cash flows, a reconciliation of net income to net cash flows from operating activities also is required.
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Christopher Reinemann
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