When using the direct method to determine operating cash flows, how is the sale of long-term...

When using the direct method to determine operating cash flows, how is the sale of long-term investments for cash reported on the Statement of Cash Flows?

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ekkarill92 answered 2 years ago

1. When using the indirect method to determine operating cash flows, how is the amortization of...

1. When using the indirect method to determine operating cash flows, how is the amortization of bond discount shown on the Statement of Cash Flows? A. Operating activity as an addback item B. Operating activity as a subtract from item C. Investing activity D. Financing activity E. Not reported on statement of cash flows 2. When using the indirect method to determine operating cash flows, how is the equity method investment revenue in excess of dividends received shown on the...

When using the indirect method to determine operating cash flows, how is an increase in accounts...

When using the indirect method to determine operating cash flows, how is an increase in accounts receivable during the year shown on the Statement of Cash Flows? a.operating activity b.financing activity c.noncash investing and financing activity d.investing activity e.not reported on the statement of cash flows When using the indirect method to determine operating cash flows, how would the declaration and payment of cash dividends be shown on the Statement of Cash Flows? a.noncash investing and financing activity b.financing activities...

1. When using the Indirect method or the direct method, net cash flows from operating activities...

1. When using the Indirect method or the direct method, net cash flows from operating activities will never be the same! True or False and please explain. 2. Please provide three examples of items you believe could be classified as extraordinary losses and tell me why.

Prepare a statement of cash flows for 2019, using the direct method to determine net cash flow from operating activities.

Rowe Publishing Company Balance Sheets December 31, 2019 and 2018 1 2019 2018 2 Assets 3 Current assets: 4 Cash $85,000.00 $66,000.00 5 Accounts receivable 240,000.00 231,000.00 6 Inventory 190,000.00 170,000.00 7 Total current assets $515,000.00 $467,000.00 8 Property, plant, and equipment: 9 Building $400,000.00 $400,000.00 10 Equipment 155,000.00 130,000.00 11 $555,000.00 $530,000.00 12 Accumulated depreciation (375,000.00) (350,000.00) 13 Net property, plant, and equipment 180,000.00 180,000.00 14 Total assets $695,000.00 $647,000.00 15 LIABILITIES AND EQUITY 16 Current liabilities: 17 Accounts...

Prepare the cash flows from operating activities section of HHC’s statement of cash flows using the direct method.

The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC)ParticularsAmount$Cash received from : Customers6,60,000Interest on note receivable12,000Collection of note receivable1,00,000Sale of land40,000Issuance of common stock2,00,000Cash paid for : Interest on note payable18,000Purchase of equipment1,20,000Operating expenses4,40,000Dividends to shareholders 30,000Prepare the cash flows from operating activities section of HHC’s statement of cash flows using the direct method

Prepare the cash flows from operating activities section of HHC's statement of cash flows using the direct method.

The following are summary cash transactions that occurred during the year for Hilliard Healthcare Co. (HHC): Cash Received from: Customers ........................................................$660,000 Interest on note receivables ..........................12,000 Collection of note receivable.......................100,000 Sale of land ..........................................................40,000 Insurance of common stock..........................200,000 Cash paid for: Interest on note payable .................................18,000 Purchase of equipment .................................120,000 Operating expenses .......................................440,000 Dividends to shareholders .............................30,000 Prepare the cash flows from the operating activities section of HHC's statement of cash flows using the direct method.

Cash Flows from Operating Activities—Direct Method The cash flows from operating activities are reported by the...

Cash Flows from Operating Activities—Direct Method The cash flows from operating activities are reported by the direct method on the statement of cash flows. Determine the following: a. If sales for the current year were $509,900 and accounts receivable decreased by $32,600 during the year, what was the amount of cash received from customers? $ b. If income tax expense for the current year was $44,200 and income tax payable decreased by $4,400 during the year, what was the amount...

Prepare the cash flows from operating activities section of Tiger’s 2021 statement of cash flows using the direct method.

Required:Prepare the cash flows from operating activities section of Tiger’s 2021 statement of cash flows using the direct method. Assume that all purchases and sales of inventory are on account, and that there are no anticipated bad debts for accounts receivable. E 4–20

Compare and contrast the direct method and indirect method for reporting cash flows from operating activities!

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating...

Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. In the operating activities section, use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required. In the investing and financing activities section, use a minus sign...

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