Question

In: Accounting

2. Far each event listed below, seled the appropriate cat egary which describes the effect af...

2. Far each event listed below, seled the appropriate cat egary which describes the effect af the event an astatement of cash flaws:
a. Canh pravided / used by operat ing activities.
b. Cish provided / used by investing activities.
c. Cash provided / used by financing activities.
d. Not a cash flaw.

1. Payment an lang-term debt
2. Issuance of bands
3. Collection of cash from accounts receivable
4. Hiring of a new employee
5. hssuance ofstockto acquire land
6. Cash received forservices provided
7. Payment of emplayees'wages
8. Issuance afshare capital -ardinary for cash 9. Payment of income taxes payable
10. Purchase ofequipment .
11 Purchase oftreasurystack
12 Sale ofIong-term investment
The following items were taken from the financial stat ements af Horace, Inc, averathreeyear periad: Item 2018 2017 2016 Net Sales OMR 355,000 OMR 340,000 OMR 300,000 Cast of Goods Sald 214000 202,000 186,000 Gross Profit QMR 141,000 OMB 138 000 OME 114.000 Irstructiors Compute the fullawing for each of the above time periads, using horeontal an alys is.
a. The amount and percentage change trom 2016 to 2017.
b. The amount and percentige change fram 2017to 2018.

Solutions

Expert Solution

1)

Cash Flow is flow of inflow or outflow of cash.

Cash Flow Operating Activities involve cash inflow or outflow related to primary business of a company. For example payment received from accounts receivable. Payment made to accounts payable or services

Cash Flow Investing Activities – Flow of cash related to asset and investment. For example sale/purchase of asset or investment.

Cash Flow Financing Activities – generating cash or use in business. Issuance of Share capital for cash, Receive/Repaid loan for cash

Appropriate Category

1. Payment an long-term debt

Cash provided / used by financing activities

2. Issuance of bonds

Cash provided / used by financing activities

3. Collection of cash from accounts receivable

Cash provided / used by operating activities

4. Hiring of a new employee

Not a Cash Flow
(Since no cash inflow/Outflow involved in this activity)

5. Issuance of stock to acquire land

Not a Cash Flow
(Since no cash inflow/Outflow involved in this activity)

6. Cash received for services provided

Cash provided / used by operating activities

7. Payment of emplayees wages

Cash provided / used by operating activities

8. Issuance afshare capital -ardinary for cash

Cash provided / used by financing activities

9. Payment of income taxes payable

Cash provided / used by operating activities

10. Purchase of equipment .

Cash provided / used by investing activities

11 Purchase of treasury stock

Cash provided / used by financing activities

12 Sale of Iong-term investment

Cash provided / used by investing activities

Hope the above calculations, working and explanations are clear to you and help you to understand the concept of question.... please rate my answer...in case any doubt, post a comment and I will try to resolve the doubt ASAP…thank you

Pls ask separate question for other parts problems

ekkarill92 answered 2 years ago
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