Exam 13: Statement of Cash Flows

Which of the following does not represent an outflow of cash and therefore would not be reported on the statement of cash flows as a use of cash?

Selected data for the current year ended December 31 are as follows: ​ During the current year,the cost of goods sold was $620,000 and the operating expenses other than depreciation were $142,000.The direct method is used for presenting the cash flows from operating activities on the statement of cash flows. Determine the amount reported on the statement of cash flows for (a)cash payments for merchandise and (b)cash payments for operating expenses.

Repayments of bonds would be shown as a cash outflow in the investing section of the statement of cash flows.

A cash flow per share amount should be reported on the statement of cash flows.

Cash flows from investing activities,as part of the statement of cash flows,would include any receipts from the sale of land.

The current period statement of cash flows includes the following: ​ The cash balance at the end of the period is

On the basis of the details of the common stock account presented below,calculate the total amount to be recorded in financing section of the statement of cash flows.Assume any stock issues were at par. ​ Indicate whether the amount results in an increase or decrease in cash.

The comparative balance sheets of Posner Company,for Years 1 and 2 ended December 31,appear below in condensed form: ​ The income statement for the current year is as follows: ​ Additional data for the current year are as follows: ​ Prepare a statement of cash flow,using the indirect method of reporting cash flows from operating activities.

Rogers Company reported net income of $35,000 for the year.During the year,accounts receivable increased by $7,000,accounts payable decreased by $3,000 and depreciation expense of $8,000 was recorded.Net cash provided by operating activities for the year is

​Which of the following would not be on the statement of cash flows?

Identify the section of the statement of cash flows (a-d)where each of the following items would be reported. -Payment of dividends to stockholders

Cash flows from financing activities,as part of the statement of cash flows,would include any payments for dividends.

The board of directors of Kendall Co.declared cash dividends totaling $390,000 during the current year.The comparative balance sheet indicates dividends payable of $58,000 at the beginning of the year and $73,000 at the end of the year.What was the amount of cash payments Kendall Co.made to stockholders during the year?

Lamar Corporation purchased land for $150,000.Later in the year,the company sold land with a book value of $190,000 for $200,000.Show how the effects of these transactions are reported on the statement of cash flows using the indirect method.

Preferred stock issued in exchange for land would be reported in the statement of cash flows in

The manner of reporting cash flows from investing and financing activities will be different under the direct method as compared to the indirect method.

Identify the section of the statement of cash flows (a-d)where each of the following items would be reported. -Increase in income taxes payable

Cash flow per share is

​When using the spreadsheet (work sheet)for the statement of cash flows,indirect method,entries made on the spreadsheet are ​

​The operating cash flow available for company use after purchasing the fixed assets that are necessary to maintain current operations is called the