Chapter 13 Statement Of Cash Flows Solutions Manual-Books Pdf

CHAPTER 13 STATEMENT OF CASH FLOWS Solutions Manual
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CHAPTER 13 Statement of Cash Flows, BASIC EXERCISES. A Investing D Operating, B Investing E Operating, C Operating F Financing. Net income 224 500, Adjustments to reconcile net income to net cash flow from. operating activities, Depreciation 11 575, Amortization of patents 2 500. Gain from sale of investments 33 190, Net cash flow from operating activities 205 385.
Net income 75 800, Changes in current operating assets and liabilities. Increase in accounts receivable 5 000, Increase in inventory 7 450. Increase in accounts payable 3 380, Net cash flow from operating activities 66 730. Note The change in dividends payable impacts the cash paid for dividends. which is disclosed under financing activities, Cash flows from operating activities. Net income 396 200, Adjustments to reconcile net income to net cash flow.
from operating activities, Depreciation 61 250, Loss on disposal of equipment 27 600. Changes in current operating assets and liabilities. Increase in accounts receivable 9 000, Increase in accounts payable 3 350. Net cash flow from operating activities 479 400, 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part. CHAPTER 13 Statement of Cash Flows, The gain on the sale of land is subtracted from net income in the Operating Activities. Gain on sale of land 40 000, The purchase and sale of land is reported as part of cash flows from investing.
activities as shown below, Cash received from sale of land 240 000. Cash paid for purchase of land 400 000, Cash flows from financing activities. Cash received from issuing common stock 800 000, Cash received from issuing bonds 700 000. Cash paid for dividends 90 000, Net cash from financing activities 1 410 000. Appendix 2 BE 13 7, Sales 112 000, Decrease in accounts receivable 10 500.
Cash received from customers 122 500, Appendix 2 BE 13 8. Cost of goods sold 240 000, Increase in inventories 19 200. Increase in accounts payable 12 000, Cash paid for merchandise 247 200. 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part. CHAPTER 13 Statement of Cash Flows, There were net additions to the net loss reported on the income statement to convert. the net loss from the accrual basis to the cash basis For example depreciation is. an expense in determining net income but it does not result in a cash outflow. Thus depreciation is added back to the net loss in order to determine net cash flow. from operations A second large item that is added to the net loss is the increase. in advanced ticket sales of 246 million This represents an increase in unused but. paid tickets unearned revenue between the two balance sheet dates This is a. significant item that is largely unique to the airline industry. The cash flows from operating activities detail is provided as follows for class. discussion, United Continental Holdings Inc, Cash Flows from Operating Activities.
Selected from Statement of Cash Flows, in millions. Cash flows from operating activities, Net income loss 723. Adjustments to reconcile net income loss to net cash flow. provided by operating activities, Depreciation and amortization 1 522. Special charges 389, Debt and lease discount amortization 247. Share based compensation 14, Other net 251, Changes in certain assets and liabilities.
Decrease increase in accounts receivable 21, Decrease increase in other assets 484. Increase decrease in accounts payable 285, Increase decrease in advanced ticket sales 246. Increase decrease in frequent flyer deferred revenue 712. Increase decrease in other liabilities 415, Net cash flows from used for operating activities 935. 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part. CHAPTER 13 Statement of Cash Flows, A Cash payment 411 000 E Cash payment 50 000. B Cash receipt 440 000 F Cash receipt 490 000, C Cash receipt 60 000 G Cash payment 332 500.
D Cash payment 650 000 H Cash payment 1 320 000, A operating G financing. B financing H investing, C financing I financing, D financing J investing. E financing K investing, F investing, A added G added. B deducted H added, C added I added, D added J added. E added K deducted, 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part.
CHAPTER 13 Statement of Cash Flows, A Net income 73 600. Adjustments to reconcile net income to net cash, flow from operating activities. Depreciation 27 400, Changes in current operating assets and liabilities. Increase in accounts receivable 8 000, Decrease in inventories 4 500. Decrease in prepaid expenses 2 250, Increase in accounts payable 5 000.
Decrease in wages payable 900, Net cash flow from operating activities 103 850. B Cash flows from operating activities shows the cash inflow or outflow from a. company s day to day operations Net income reports the excess of revenues over. expenses for a company using the accrual basis of accounting Revenues are. recorded when they are earned not necessarily when cash is received Expenses. are recorded when they are incurred and matched against revenue not necessarily. when cash is paid As a result the cash flows from operating activities differs. from net income because it does not use the accrual basis of accounting. A Cash flows from operating activities, Net income 185 000. Adjustments to reconcile net income to net cash, flow from operating activities. Depreciation 96 000, Changes in current operating assets and liabilities. Decrease in accounts receivable 5 450, Increase in inventories 11 200.
Decrease in prepaid expenses 900, Decrease in accounts payable 18 500. Increase in salaries payable 3 200, Net cash flow from operating activities 260 850. B Yes The amount of cash flows from operating activities reported on the statement. of cash flows is not affected by the method of reporting such flows. 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part. CHAPTER 13 Statement of Cash Flows, A Cash flows from operating activities. Net income 508 000, Adjustments to reconcile net income to net cash. flow from operating activities, Depreciation 57 600.
Gain on disposal of equipment 33 600, Changes in current operating assets and liabilities. Increase in accounts receivable 8 960, Decrease in inventory 5 120. Decrease in prepaid insurance 1 920, Decrease in accounts payable 6 080. Increase in income taxes payable 1 410, Net cash flow from operating activities 525 410. Note The change in dividends payable would be used to adjust the dividends. declared in obtaining the cash paid for dividends in the Financing Activities. section of the statement of cash flows, B Cash flows from operating activities reports the cash inflow or outflow from a.
company s day to day operations Net income reports the excess of revenues over. expenses for a company using the accrual basis of accounting Revenues are. recorded when they are earned not necessarily when cash is received Expenses. are recorded when they are incurred and matched against revenue not necessarily. when cash is paid As a result the cash flows from operating activities differs. from net income because it does not use the accrual basis of accounting. Cash flows from investing activities, Cash received from sale of equipment 101 250. The loss on the sale 16 875 101 250 proceeds from sale less 118 125 book value. would be added to net income in determining the cash flows from operating activities. if the indirect method of reporting cash flows from operations is used. Cash flows from investing activities, Cash received from sale of equipment 37 200. The loss on the sale 6 800 37 200 proceeds from sale less 44 000 book value. would be added to net income in determining the cash flows from operating activities. if the indirect method of reporting cash flows from operations is used. 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part. CHAPTER 13 Statement of Cash Flows, Cash flows from investing activities. Cash received from sale of land 95 550, Cash paid for purchase of land 104 300. The gain on the sale of land 31 710 would be deducted from net income in determining. the cash flows from operating activities if the indirect method of reporting cash flows. from operations is used, Dividends declared 1 200 000.
Decrease in dividends payable 150 000, Dividends paid to stockholders during the year 1 350 000. Cash flows from financing activities, Cash received from sale of common stock 1 920 000. Cash paid for dividends 315 000, Note The stock dividend is not disclosed on the statement of cash flows. 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part. CHAPTER 13 Statement of Cash Flows, Cash flows from investing activities. Cash paid for purchase of land 246 000, A separate schedule of noncash investing and financing activities would report.
the purchase of 324 000 land with a long term mortgage note as follows. Purchase of land by issuing long term mortgage note 324 000. Cash flows from financing activities, Cash received from issuing bonds payable 420 000. Cash paid to redeem bonds payable 138 000, Note The discount amortization of 2 625 would be shown as an adjusting item. increase in the Cash Flows from Operating Activities section under the indirect. A Net cash flow from operating activities 357 500, Increase in accounts receivable 14 300. Increase in prepaid expenses 2 970, Decrease in income taxes payable 7 700. Gain on sale of investments 13 200 38 170, Depreciation 29 480.
Decrease in inventories 19 140, Increase in accounts payable 5 280 53 900. Net income per income statement 341 770, Note to Instructors The net income must be determined by working backward. through the Cash Flows from Operating Activities section of the statement of. cash flows Hence those items that were added deducted to determine net cash. flow from operating activities must be deducted added to determine net income. 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part. CHAPTER 13 Statement of Cash Flows, Ex 13 15 Concluded. B Curwen s net income differed from cash flows from operations because of. 29 480 of depreciation expense which has no effect on cash flows from. operating activities, a 13 200 gain on the sale of investments The proceeds from this sale which. include the gain are reported in the Investing Activities section of the. statement of cash flows, Changes in current operating assets and liabilities that are added or.
deducted depending on their effect on cash flows, Increase in accounts receivable 14 300. Increase in prepaid expenses 2 970, Decrease in income taxes payable 7 700. Decrease in inventories 19 140, Increase in accounts payable 5 280. A National Beverage Co, Cash Flows from Operating Activities. in thousands, Cash flows from operating activities.
Net income 49 311, Adjustments to reconcile net loss to net. cash flow from operating activities, Depreciation 11 580. Gain on disposal of property 1 188, Other items involving noncash expenses 1 383. Changes in current operating assets and, liabilities. Increase in accounts receivable 1 746, Decrease in inventory 990.
Increase in prepaid expenses 605, Decrease in accounts payable 710. Decrease in accrued and other current liabilities 995. Net cash flow from operating activities 58 020, B National Beverage is doing well financially The company has positive earnings and. positive net cash flow from operating activities The company continues to grow. and the trend in recent years has been positive The increase in accounts receivable. is a positive sign indicating an increase in sales. 2017 Cengage Learning All Rights Reserved May not be scanned copied or duplicated or posted to a publicly accessible website in whole or in part. CHAPTER 13 Statement of Cash Flows, A Olson Jones Industries Inc. Statement of Cash Flows, For the Year Ended December 31 20Y2. Cash flows from operating activities, Net income 62.
Adjustments to reconcile net income to net, cash flow from operating activities. Depreciation 26, Gain on sale of land 40, Changes in current operating assets and. liabilities, Increase in accounts receivable 6, Increase in inventories 18. Increase in accounts payable 14, Net cash flow from operating activities 38. Cash flows from investing activities, Cash received from sale of land 120.
Cash paid for purchase of equipment 30, Net cash flow from investing activities 90. Cash flows from financing activities, Cash received from sale of common stock 60. Cash paid for dividends 19, Net cash flow from financing activities 41. Change in cash 169, Cash at the beginning of the year 14. It is costly to accumulate the data needed and to prepare the statement of cash flows 2 It focuses on the differences between net income and cash flows from operating activities and the data needed are generally more readily available and less costly to obtain than is the case for the direct method 3 In a separate schedule of noncash investing and financing activities accompanying the

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