Cash flows 108 what method direct or indirect does

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Cash Flows:
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108. What method (direct or indirect) does Henchman & Co. use to present its Statement of Cash Flows? Explain how you can tell. 109. What was the net change in cash and cash equivalents experienced by Henchman & Co. during 2012? Was it positive or negative? 110. Which type of activity (operating, investing, financing) was most responsible for the cash flow experienced by Henchman & Co. during 2012?
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111. (a.) What is the most significant change in operating cash outflow activity in 2012 relative to 2011? (b.) What balance sheet accounts would likely have changed during 2012 in relation to the cash flow change that you identify in (a)? 112. What was most responsible for the negative cash flow from financing activities during 2011? What amount was paid?
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113. What was most responsible for the positive cash flow from financing activities during 2012? What amount was received? 114. Determine the amount of cash paid to suppliers for each of the four independent situations below.
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115. Prepare the summary entries necessary to determine the amount of cash received from customers for each of the four independent situations below. 116. Prepare the summary entries necessary to determine the amount of cash paid to suppliers for each of the four independent situations below.
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117. Partial balance sheets and additional information are listed below for Monaco Company. Additional information for 2013: Net income was $270,000. Depreciation expense was $30,000. Sales totaled $800,000. Cost of goods sold totaled $305,000. Required: Calculate the amount of cash paid to merchandise suppliers during 2013.
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118. Partial balance sheets and additional information are listed below for Ensign Company. Additional information for 2013: Net income was $170,000. Depreciation expense was $30,000. Sales totaled $400,000. Cost of goods sold totaled $145,000. Required: Calculate the amount of cash paid to merchandise suppliers during 2013.
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119. Partial balance sheets and additional information are listed below for Funk Company. Additional information for 2013: Net income was $170,000. Depreciation expense was $30,000. Sales totaled $800,000. Cost of goods sold totaled $325,000. Required: Calculate the amount of cash received from customers during 2013.
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120. Partial balance sheets and additional information are listed below for Julius Company. Additional information for 2013: Net income was $70,000. Depreciation expense was $30,000. Sales totaled $600,000. Cost of goods sold totaled $325,000. Required: Calculate the amount of cash received from customers during 2013.
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In its 2012 Annual Report to Shareholders, Kinney Inc. reported the following Consolidated Statement of Cash Flows: For the years ended December 31,
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121. Assuming the decrease in accrued expenses during fiscal year 2012 included a $20,000 reduction due to taxes, compute the income tax expense for Kinney in that year. 122. Kinney reported cost of goods sold of $168,114,150 in its fiscal 2012 income statement. Compute its net inventory purchases during the year.
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