1a.) The statement of cash flows reports total changes in stockholders\' equity
ID: 2476487 • Letter: 1
Question
1a.) The statement of cash flows reports
total changes in stockholders' equity
cash flows from operating activities
changes in retained earnings
total assets
1b.) On the statement of cash flows, the cash flows from financing activities section would include all of the following except
payments for purchase of treasury stock
payments for dividends
payments of interest on bonds payable
receipts from the sale of bonds payable
1c.) A ten-year bond was issued at par for $250,000 cash. This transaction should be shown on a statement of cash flows under
operating activities
financing activities
investing activities
noncash investing and financing activities
1d.) Accounts receivable arising from sales to customers amounted to $40,000 and $31,000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $120,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
$111,000.
$120,000.
$151,000.
$129,000.
1e.) Depreciation on factory equipment would be reported in the statement of cash flows prepared by the indirect method in
the cash flows from operating activities section
a separate schedule
the cash flows from financing activities section
the cash flows from investing activities section
total changes in stockholders' equity
cash flows from operating activities
Explanation / Answer
1a) cash flows from operating activities
b)payments for purchase of treasury stock
c) financing activities
d)40000+120000-31000= 129000
e) Cashflow from operating activities
1a) cash flows from operating activities
b)payments for purchase of treasury stock
c) financing activities
d)40000+120000-31000= 129000
e) Cashflow from operating activities
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