The following items are commonly reported in a statement of cash flows (indirect method presentation)....

60.1K

Verified Solution

Question

Accounting

The following items are commonly reported in a statement of cash flows (indirect method presentation). For each item 1 through 20, determine (a) in which section the item is presented (operating, investing, or financing) and (b) whether the associated amount is added or subtracted in the statement.
(a)(b)1. Payments of short-term debt.Answer 1OperatingInvestingFinancingAnswer 2AddSubtract2. Repurchases of common stock.Answer 3OperatingInvestingFinancingAnswer 4AddSubtract3. Purchases of property and equipment.Answer 5OperatingInvestingFinancingAnswer 6AddSubtract4. Sale of investments classified as long-term.Answer 7OperatingInvestingFinancingAnswer 8AddSubtract5. Proceeds from the issuance of common stock.Answer 9OperatingInvestingFinancingAnswer 10AddSubtract6. Increase in prepaid expenses and other current assets.Answer 11OperatingInvestingFinancingAnswer 12AddSubtract7. Acquisition for cash of a competitor.Answer 13OperatingInvestingFinancingAnswer 14AddSubtract8. Increase in current income tax payable.Answer 15OperatingInvestingFinancingAnswer 16AddSubtract9. Decrease in accounts payable.Answer 17OperatingInvestingFinancingAnswer 18AddSubtract10. Dividends paid to stockholders.Answer 19OperatingInvestingFinancingAnswer 20AddSubtract11. Depreciation and amortization.Answer 21OperatingInvestingFinancingAnswer 22AddSubtract12. Payment of current maturities of long-term debt.Answer 23OperatingInvestingFinancingAnswer 24AddSubtract13. Increase in income tax receivable.Answer 25OperatingInvestingFinancingAnswer 26AddSubtract14. Decrease in inventories.Answer 27OperatingInvestingFinancingAnswer 28AddSubtract15. Decrease in accounts receivable.Answer 29OperatingInvestingFinancingAnswer 30AddSubtract16. Decrease in deferred revenue.Answer 31OperatingInvestingFinancingAnswer 32AddSubtract17. Loss on disposal of fixed assets.Answer 33OperatingInvestingFinancingAnswer 34AddSubtract18. Increase in accrued salaries and payroll taxes.Answer 35OperatingInvestingFinancingAnswer 36AddSubtract19. Loss on impairment of assets.Answer 37OperatingInvestingFinancingAnswer 38AddSubtract20. Acquisition of intangibles assets.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students