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16. Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive...

16. Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". d. The Loss on the Sale of Equipment? 17. Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". e. A decrease in Accounts Payable? 18. Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". f. An increase in Accounts Receivable? 19. Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". g. An increase in the current liability Warranty Liability. 20. Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". h. Dividends declared and paid. 21. Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". i. Proceeds from the issuance of Preferred Stock? 22. Indicate whether the following will have a positive or negative EFFECT ON CASH. A positive effect could also be thought of as a source of cash, an increase in cash, or a positive amount on the cash flow statement. A negative effect could also be thought of as a use of cash, a decrease in cash, or a negative amount on the cash flow statement. For an answer, either write "positive" or "negative". j. The Gain on the Sale of Equipment formerly used in the business? 23. Using the indirect method, the increase in accumulated depreciation is added to net income in the operating section. True/False. 24. 25. Interest and dividends from investments held by a company are reported as a cash inflows from investing activities on the statement of cash flows. True/False.

Solutions

Expert Solution

16. Loss on sale of equipment - Negative - Lower cash received compared to book value

17. Decrease in accounts payable - Negative - Cash outflow

18. Increase in accounts receivable - Negative - Increase in receivables/ working capital results in trapping of cash/ reduction of cash inflow

19. Increase in current warranty liability - Positive - Addition of non-cash expense to net profit in cash flow statement (Positive to cash flow and negative to income statement)

20. Dividends declared and paid - Negative - Cash outflow

21. Proceeds from issuance of preferred stock - Positive - Cash inflow

22. The Gain on the Sale of Equipment formerly used in the business - Positive

23.  Using the indirect method, the increase in accumulated depreciation is added to net income in the operating section - True

24. Interest and dividends from investments held by a company are reported as a cash inflows from investing activities on the statement of cash flows - True

ekkarill92 answered 1 year ago
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