Exam 13: Statement of Cash Flows

Excerpts from Dibello Corporation's comparative balance sheet appear below: Which of the following is the correct treatment within the operating activities section of the statement of cash flows using the indirect method?

Colosi Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $3,000 and its cash dividends were $1,000. It did not sell or retire any property, plant, and equipment during the year. -The company's net cash provided by operating activities is:

Binnie Corporation's most recent balance sheet appears below: Net income for the year was $83. Cash dividends were $16. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. -The net cash provided by (used in)operating activities for the year was:

In a statement of cash flows,all of the following would be classified as financing activities except:

Financial statements of Ansbro Corporation follow: Cash dividends were $14. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. -The net cash provided by (used in)financing activities for the year was:

Caplan Corporation's balance sheet and income statement appear below: The company did not dispose of any property,plant,and equipment,issue any bonds payable,or repurchase any of its own common stock during the year.The company declared and paid a cash dividend. Required: Prepare a statement of cash flows in good form using the indirect method.

Hanzely Corporation's balance sheet and income statement appear below: Cash dividends were $10.The company sold equipment for $17 that was originally purchased for $11 and that had accumulated depreciation of $9.The net cash provided by (used in)operating activities for the year was:

Watson Company's comparative balance sheet and income statement for last year appear below: The company declared and paid a cash dividend during the year. It did not purchase or dispose of any property, plant, and equipment. It did not issue any bonds or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. -The net cash provided by (used in)operating activities last year was:

For asset accounts,credits are added to the beginning balance on the statement of cash flows.

Free cash flow is net cash provided by operating activities less dividends.

Roosevelt Corporation's balance sheet appears below: Net income for the year was -$43.Cash dividends were $1.The company did not dispose of any property,plant,and equipment,issue any bonds payable,or repurchase any of its own common stock during the year. Required: Prepare a statement of cash flows in good form using the indirect method.

Lemar Corporation's net cash provided by operating activities was $70;its income taxes were $13;its capital expenditures were $67;and its cash dividends were $5.The company's free cash flow was:

Boole Corporation's net cash provided by operating activities was $112;its capital expenditures were $76;and its cash dividends were $31.The company's free cash flow was:

Financial statements of Ansbro Corporation follow: Cash dividends were $14. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. -The net cash provided by (used in)investing activities for the year was:

Gayles Corporation's most recent balance sheet appears below: The net income for the year was $144.Cash dividends were $31.The company did not issue any bonds or repurchase any of its common stock during the year.The net cash provided by (used in)financing activities for the year was:

Paying cash to retire bonds payable would be considered a financing activity on the statement of cash flows.

When a company issues common stock in exchange for cash,the cash inflow is recorded in the investing activities section of the statement of cash flows.

A company can have a net loss and still generate a positive net cash provided by operating activities in its statement of cash flows.

Colosi Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $3,000 and its cash dividends were $1,000. It did not sell or retire any property, plant, and equipment during the year. -The company's net cash used in investing activities is:

Under the indirect method of determining the net cash provided by operating activities on the statement of cash flows,a decrease in accounts receivable is added to net income.