Exam 5: The Statement of Cash Flows

RJB reported sales of $200,000 and an increase in accounts receivable of $30,000 during 2001.Under the direct method,what would be RJB's cash collected from customers during 2001?

Which of the following would cause an inflow of cash?

Which one of the following would not be a cash inflow from financing activities for ABC Company?

MNO's books for the period ended December 31,2012,contained the following data: Under IFRS,the net inflow (outflow) in cash from investing and financing activities (respectively) during 2012 was: Note: Under IFRS,dividends received may also be classified as operating cash flows.

Sale of an asset and issuance of long-term debt will each cause an outflow of cash.

When preparing a reconciliation of net income to cash from operations,an increase in the ending inventory over the beginning inventory will result in an adjustment to reported net income because:

Complete the following Statement of Cash Flows,indirect method,schedule to determine cash inflow (outflow) from operating activities: Statement of Cash Flows,Indirect Method Operating Activities: Adjustments to convert net income to cash from operating activities:

The following was provided by the records of RST for the current reporting year: The cash flow from operating activities was:

A corporation has paid $20,000 in cash dividends each year on its common shares.Although during year 1 the company had a cash shortage,it declared the dividend.However,it was stipulated that the $20,000 cash dividend would not be paid until year 2.This dividend will affect the year 1 Statement of Cash Flows by:

The following income statement and additional information for MDB,Inc.is relevant to the statement of changes in financial position. Income Statement Additional Information Sales............. \ 500,000 Increase in Acct/Rec........ \ 10,000 Cost of goods sold. ( Increase in Inventory....... \ 5,000 Operating expenses. ( Decrease in Acct/Pay....... \ 8,000 Net Income......... Increase in Accrued Oper. exps \ 6,000 Required: 1.Prepare a schedule showing cash from operations (direct method). 2.Prepare a schedule showing cash from operations (indirect method).

Which of the following is the operating cash flow?

ABC acquired some land (independently appraised at $12,000) and paid for it by issuing 1,000 shares of its common shares; no market price was quoted).How should this transaction be reported on the Statement of Cash Flows?

Which of the following would cause an outflow of cash?

DBB reported cost of goods sold for 2013 of $600,000; merchandise inventory increased by $20,000 during the year,and accounts payable increased by $30,000 during the year.What would be DBB's cash paid to suppliers for 2013?

Under ASPE,interest received and paid and dividends received must be classified in the operating activities section of the Statement of Cash Flows.

Which of the following causes a net change in cash?

Complete the cash column based on the following data for the Statement of Cash Flows:

The purchase of securities available for sale but not considered cash equivalents would be classified into which of the following categories for purposes of disclosure in the Statement of Cash Flows?

If cash collected from customers for 2013 is $780,000 and accounts receivable increased by $20,000 during the year,what were sales for 2013?

Data for XOC for 2013 were as follows: (a) On December 31,2013,sold a capital asset with a carrying value of $5,000 for $2,000 cash. (b) Depreciation expense for 2001,$4,000. (c) Sold 500 common shares at $10 cash per share. (d) Paid $1,000 on a long-term note payable. (e) Sold a long term investment costing $400 for $500 cash. (f) Inventory increased $2,500. (g) Amortized $30 of patent costs. (h) Net income,$23,000. Required: 1.What was net cash inflow (outflow) from investing activities for 2013? Show computations. 2.What was net cash inflow (outflow) from financing activities for 2013? Show computations.