FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 12: Reporting and Analyzing Cash Flows

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 91

Multiple Choice

Review LaterAdd Note

Review Later

Given the following information,determine the amount of cash flows from investing and financing activities.

A)
B)
C)
D)
E)

Correct Answer

verified

Show Answer

Question 92

Essay

Review LaterAdd Note

Review Later

The following information is available for the Arthur Corporation: Additional information: (1) There was no gain or loss on the sales of the long-term investments,nor on the bonds retired. (2) Old equipment with an original cost of $37,550 was sold for $2,100 cash. (3) New equipment was purchased for $67,550 cash. (4) Cash dividends of $33,600 were paid. (5) Additional shares of stock were issued for cash. Required: Prepare a complete statement of cash flows for the 2013 calendar year using the direct method.

Correct Answer

verified

(a) _TB6947_00_TB6947_00_TB6947_00
(b) ...

View Answer

Show Answer

Question 93

Multiple Choice

Review LaterAdd Note

Selected information from Jet Company's 2013 financial statements is shown below (in millions) : -What is the amount of cash received from Jet's customers during 2013?

Match each the appropriate definitions with the correct following items:

Cash flows from selling short-term investments in the securities of other entities,other than cash equivalents and trading securities,are reported in the statement of cash flows as part of:

The appropriate section in the statement of cash flows for reporting the purchase of land in exchange for common stock is:

Fabulous Furniture's inventory increased during the year by $6.0 million.Its accounts payable increased by $4.0 million during the same period.What is the amount of cash Fabulous Furniture paid to suppliers of merchandise during the reporting period if its cost of goods sold was $26.0 million?

Use the following information to calculate the net cash provided or used by financing activities for the Brooks Corporation: (a) Net income,$10,000. (b) Sold common stock for $4,000 cash. (c) Paid cash dividend of $3,000. (d) Paid bond payable,$8,000. (e) Purchased equipment for $12,000 cash.

A company reported average total assets of $496,000 in 2012 and $604,000 in 2013.Its net operating cash flow was $41,150 in 2012 and $55,500 in 2013.Calculate its cash flow on total assets ratio for both years.Comment on the results.

Most managers stress the importance of understanding and predicting cash flows for business decisions.

The FASB requires the reporting of cash flows per share as a measure of earnings performance.

The payment of cash dividends never changes the balance of retained earnings.