1. Where on the financial statement(balance sheet) where the account receivable
ID: 2535549 • Letter: 1
Question
1. Where on the financial statement(balance sheet) where the account receivable appear It is not simply as asset 2. Where is statement of cash flow, interest payment interest payout/paid) appear? 3. Which the of three section of cash flow do the dividend payout appear? 4. T/F the depreciation expense does reduces net income but doesn't reduced cash flow adjustment entry-debit depreciation expense, credit accumulate depreciation Adjustment entry never involve cash Depreciation expense is added back to net income because it was a noncash transaction (net incom reduced, but there was no cash spent on depreciation e was 5. M/C what is free cash flow and which section of cash flow statement Free cash flow arises from operation/investing financial Date given 6. What is cash receive from consumer (add, cash up 7. What is the company's cash payment for purchasing merchandise (cash down) 8. Compare the company payment for operating expense (cash down) 9. What is the company's net cash flow from operating activities 1o. An asset 20,000, the accumulate depreciation is sooo. it sold for 11 000,how much is the zainloss to be record 11, m/c what is indicate if the reader sees goodwill in the financial statement of the companmy 12. Early this year, a company purchase a gold mine at cost of 20m the mine is estimated 200,000 tons of gold when the asset have been sold. N and to have a scrap value of 5000.000 after all operation domplete During the current year, 105,000 tons were remove forma the gold mine what is the book vaiue of the mihe at end of the vearExplanation / Answer
1. Accounts receivables are shown under Asset side of the balance sheet. Under Asset side, it is represented under current assets.
2. In statement of cash flows, interest paid or payout is shown under Operating activities whether it corresponds to short term or term loans, whereas principal payment of loans are taken under financing activities.
3. Payment of dividend corresponds to financing activities as it relates to obtaining finance from various sources.
4. True- depreciation expense actually does not comes under any of the activities in cash flow statement because depreciation expense does not involve cash transaction, it is mere reduction in value of asset due to time and usage.
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