Exam 16: Statement of Cash Flows

Cash flows from investing activities, as part of the statement of cash flows, include payments for the acquisition of fixed assets.

Cash flow per share is

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

Accounts receivable from sales transactions were $51,000 at the beginning of the year and $64,000 at the end of the year. Net income reported on the income statement for the year was $105,000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is

On the statement of cash flows prepared by the indirect method, a $50,000 gain on the sale of investments would be

Which of the following should be deducted from net income in calculating net cash flow from operating activities using the indirect method?

The board of directors declared cash dividends totaling $252,000 during the current year. The comparative balance sheet indicates dividends payable of $48,000 at the beginning of the year and $63,000 at the end of the year. What was the amount of cash payments to stockholders during the year?

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

On the basis of the following data for Branch Co. for the year ended December 31, 2011 and the preceding year, prepare a statement of cash flows using the indirect method of reporting cash flows from operating activities. Assume that equipment costing $125,000 was purchased for cash and the land was sold for $15,000. The stock was issued for cash and the only entries in the retained earnings account were net income of $56,000 and cash dividends declared and paid of $18,000.

Which one of the following below would not be classified as an operating activity?

The following information is available from the current period financial statements: The net cash flow from operating activities using the indirect method is

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

A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows in

Zenith Corporation sells some of its used store fixtures. The acquisition cost of the fixtures is $12,500, the accumulated depreciation on these fixtures is $9,750 at the time of sale. The fixtures are sold for $5,300. The value of this transaction in the Investing section of the statement of cash flows is:

Cash paid to purchase long-term investments would be reported in the statement of cash flows in

Cash dividends paid on capital stock would be reported in the statement of cash flows in

Purchasing equipment by issuing a six-month note should be shown on the statement of cash flows under the investing activities section.