Question
In: Accounting
The consolidated Statement of Cash Flows is prepared:Using the separated companies statement of cash flows...
The consolidated Statement of Cash Flows is prepared:
Using the separated companies statement of cash flows | ||
Using last year consolidated statement of cash flow | ||
Only the consolidated income statement and consolidated balance sheet are prepared but not consolidated statement of cash flows | ||
Using the current year consolidated income statement and the current year consolidated balance sheet. | ||
Using the current year consolidated income statement and two consecutive (current year and last year) consolidated balance sheets. |
Solutions
Expert Solution
Answer is
Using the separated companies statement of cash flows
As
For preparing the consolidated cash flow statement first of all the cash flow statements are prepared for each applicable subsidiary after that adjustment is made for inter company transactions and then consolidated cash flow statement is ready.
ekkarill92 answered 2 years agoRelated Solutions
In the Consolidated Statement of Cash Flows, Fairfield Communities, Inc. reported the following items in the...
In the Consolidated Statement of Cash Flows, Fairfield
Communities, Inc. reported the following items in the Investing
Activities Section: • Principal collections on receivables •
Originations of receivables • Sale of receivables to qualifying
special purpose entities. Do you agree on the classification of
these items as Investing Activities? Explain you answer. If you
disagree on the classification, under which activity do you think
they should be classified? Explain your answer.
Consolidated statement of cash flows for the GM Group for the year ended 31 December 2019
Consolidated statement of cash flows for the GM Group for the year ended 31 December 2019
Cash flows from operating activities
$000
$000
Profit before tax
Adjust for:
Depreciation
Share of profit of associate
Finance costs
Changes in working capital:
Decrease in inventories
Decrease in receivables
Increase in payables
Cash generated from operations
Less interest paid
Less tax paid
Net cash from operating activities
5,200
3,400
(900)
400
800
1,400
600
10,900
(200)
(1,700)
9,000
Cash flows...
The following is the 2016 statement of cash flows for PulteGroup, Inc. PULTE HOMES, INC. CONSOLIDATED...
The following is the 2016 statement of cash flows for
PulteGroup, Inc.
PULTE HOMES, INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the 12 months ended December 31
($ thousands)
2016
2015
2014
Cash flows from operating activities:
Net income
$ 602,703
$ 494,090
$ 474,338
Adjustments to reconcile net income to net cash from
operating activities:
Deferred income tax expense
334,787
311,699
223,769
Write-down of land and pre-acquisition costs
19,357
11,467
11,168
Depreciation and amortization
54,007
46,222
39,864
Stock-based compensation...
IAS 7 - Consolidated Cash Flow Statement The following are the consolidated financial statement from the...
IAS 7 - Consolidated Cash Flow Statement
The following are the consolidated financial statement from the
records of MT Bhd (MTB) for 2011 incorporating its subsidiary JK
Bhd (JKB).
Consolidated Statement of Comprehensive Income for the
year ended 31 December 2011
(RM)’000
(RM)’000
Sales
6,220
Cost of Goods Sold
(2,700)
Gross Profit
3,520
Less Expenses:
Depreciation
180
Insurance Expenses
24
Other Expenses
1,076
(1,280)
Operating Income
2,240
Gain on sale of Plant
20
Total Comprehensive Income
2,260
Profit after tax...
Statement of Cash Flows The Statement of Cash Flows (also referred to as the cash flow...
Statement of Cash Flows
The Statement of Cash Flows (also referred to as the cash flow
statement) is one of the three key financial statements that report
the cash generated and spent during a specific period of time
(e.g., a month, quarter, or year). The statement of cash flows acts
as a bridge between the income statement and balance sheet by
showing how money moved in and out of the business.
Three Sections of the Statement of Cash Flows:
Operating...
STATEMENT OF CASH FLOWS The Crew, Inc. Consolidated Balance Sheets (in thousands) Dec. 31, Year 2...
STATEMENT OF CASH FLOWS The Crew, Inc. Consolidated Balance
Sheets (in thousands) Dec. 31, Year 2 Dec. 31, Year 1 ASSETS
Current assets: Cash and cash equivalents $ 92,069 $ 72,634
Accounts receivables, net 55,947 75,492 Inventories 50,784 53,129
Prepaid expenses 12,112 13,057 Total current assets 210,912 214,312
Equipment 145,444 134,312 Less: Accumulated depreciation (50,515)
(36,689) Total assets $305,841 $311,935 LIABILITIES AND
STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 25,466
$ 34,879 Accrued liabilities 40,574 40,722 Total current
liabilities 66,040...
STATEMENT OF CASH FLOWS The Crew, Inc. Consolidated Balance Sheets (in thousands) Dec. 31, Year 2...
STATEMENT OF CASH FLOWS The Crew, Inc. Consolidated Balance
Sheets (in thousands) Dec. 31, Year 2 Dec. 31, Year 1 ASSETS
Current assets: Cash and cash equivalents $ 92,069 $ 72,634
Accounts receivables, net 55,947 75,492 Inventories 50,784 53,129
Prepaid expenses 12,112 13,057 Total current assets 210,912 214,312
Equipment 145,444 134,312 Less: Accumulated depreciation (50,515)
(36,689) Total assets $305,841 $311,935 LIABILITIES AND
STOCKHOLDERS’ EQUITY Current liabilities: Accounts payable $ 25,466
$ 34,879 Accrued liabilities 40,574 40,722 Total current
liabilities 66,040...
Alternative Treatments of Items of the Statement of Cash Flows The statement of cash flows is...
Alternative Treatments of Items of the Statement of Cash
Flows
The statement of cash flows is intended to provide information
about the investing,
financing, and operating activities of an enterprise during an
accounting period. In
a statement of cash flows, cash inflows and outflows for
interest expense, interest
revenue, and dividend revenue and payments to the government are
considered
operating activities.
Required:
a. Do you believe that cash inflows and outflows associated with
nonoperating
items, such as interest expense, interest...
The statement of cash flows
Question:The statement of cash flows classifies all cash inflows and outflows into one of the three categories shown below and lettered from a through c. In addition, certain transactions that do not involve cash are reported in the statement as noncash investing and financing activities, labeled d.a. Operating activitiesb. Investing activitiesc. Financing activitiesd. Noncash investing and financing activitiesRequired:For each of the following transactions, use the letters above to indicate the appropriate classification category.1. ____Purchase of equipment for cash.2. ____Payment of...
"Statement of Cash Flows" A Statement of Cash Flows is often one of the least used...
"Statement of Cash Flows" A Statement of Cash Flows is often one
of the least used and understood of the key Financial Statements.
However, it is a critical report to use when evaluating or
analyzing a company. Showing where a company is receiving and using
its cash - through Operations, Investing, and Financing - this
report can be used to help evaluate liquidity, solvency, and
financial flexibility. Analyze the key sections of the Statement of
Cash Flows: Cash from Operations,...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Define “culture.” Software is defined by the Merriam-Webster Dictionary as "the programs that run on a...
- In humans, hypotrichosis (sparse body hair) is a rare autosomal recessive condition. Let h = hypotrichosis...
- Increase all of the listing prices by 5% for all listings under $500,000 and 10% for...
- Samsung Industry that requires you to act as a change agent to form an organizational change...
- Use fork() Create a program that reads characters from an input file. Use fork to create...
- A pension fund manager is considering three mutual funds. The first is a stock fund, the...
- Compute the cost of not taking the following cash discounts. (Use a 360-day year. Do not...
ADVERTISEMENT