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statement of cash flow

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128 views4 pages

SCF

statement of cash flow

Uploaded by

Chessica Neo
Copyright
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Excel Fs nr Professional Re’ m of Professional Review and tre" 5s cy arnans Management Firr brennan Mages + sana chy sobea(Si8 280008 rgel (0387 Sh, Gtk HERON 285 7800 I age See 1977 08 ni 73, Sy er naam wrestle cgssyiasaes a S beh ot Ces RRRE. Oey 0) a ae : (CABARLE pene MAY 2019 GPA REVI Its Reng ed i es the direct method t©, Prepare v5 1. *eash flaws” n the cash flow staterert 27e a company vite the IES "Tee eogant ed te + Iymaws of cash and cash equivalents Sateront of 26h ME arent Yea BOs of cash ana cas cauvaler's {Sowa ca ©. Tnfloes and outfows of oer xh cash eeceipts from the Issuance of & Tnaws Bnd outiows of cash ond cash equivalents sh inary shates 400,000 é cash receipts from customers 200,000 ip 2. The statement of cash ows provides answers toate % ee eeSipes from dividends on long: the following questions except term tnvestments 30,000 the elnino cash come rom during the period? Cus ers nent of oan 2 ret asthe casn used for during the period 3 er company 220,000 B. What nee gre change inthe cost bance Wied a Cash Bt ant wages ond om Borate insane ‘operating expenses 120,000 4. habia te a ae the cash balance 01 cash payments for Insurance 30,000 A cash payments for dividends 20,000 ca Cash payments for taxes 40,000 cash payment to purchase land 80,000 3. Operating activities are Operating cipal revenue-producing activites, of ne at are not investi hat are not Investing Of Tne net cash provided PY ‘entity and other activities tr (used in) operating activities Financing activities. Y ». The seqpisition and dlsposal of long-term asec is v in 2 a, 60,000 c. P30,000 rae oe investments mot nctded In ces 49,000 © peun00) equivalents. result In changes In the $22 204 5 5m preparing a statement cash flows, 8 the Indirect activities: 4 ono th ributed nd of the cont ‘equity. borrowings of the entity. method, cash flows from 4, Gripnal and planned Investigation undertaken wit ree ree twas equal to accrual accounting Income Therprospect of gaining new scientific or technical 2. Are Priculated as the differences between revenues kenowieage and understanding. {cicr and expenses. c, Ein'be calculated by appropriately adding, '9 Ce ka, Enttes are gncouraged to report cash flows [ror er ting from net income those ems In the ‘operating activities using Income statement that do affect cash 4: Con be calculated Dy appropriately adding to, ot those Items in the hereby major classes of gross ; The direct eand gross. cash payments ar deducting from net Income ‘disclosed. Income statement that do not affect cash b. ‘The Indirect method, whereby profit. 0 loss. Is nee apc of anon @30- Word Corporation ft preparing Its statement of cash flows and hes provided this Informations The direct method, wt Ton or the eects aint for te eee yr actus Of past of caeh mre ay SETI rapes ond «Net came fore tyes 400,000 Kare opesng a ete Eau n> epeten, ov proper Bark ae a eg cam Rows, Aaa rN 200,000 5 Ener 20°. + Loss on sale of bullding'#s"" 100,000 emo. tees eer 1s0,000 - - "i |p: terest pld may rat be csi ash tow or Inert payee, Degen of me Year (3899 Goering aces : ~ Income taxes paid 100,000, a pen eet Accounts receivable, beginning of the # d. None of the above Lee 860,°)(500,008 Accounts receivable, end of the year“ 850,000 8 grand ed ects may mtb te tnvertary, Deanna the year 1° (Ao oo inflows ‘Accounts payable, beginning of i a. Operating activities si piinaiot eer ODO: : theang ees Accounts payable, en ofthe year" “500/000 © ncing activities: ‘The net cash provided: Si none ofthe above Po tances ern oreo, 000 3 b700;00 ses 7, xyaeng eit. soetoldne are raparied on 8 ? a Se ee it, Using the Indirect method, cash Saat rang a nvsing vy ae tank by wai of ve Showing? 8, rane acy 3. Gain on sale of investments eves & Goan scy So elarieriea sates | cane in |, Investing activity : oe Doceasanraceoune cayabie’ °° oT d. Decrease in accounts receivable On Pagetor6 [a lec a Ber ra eae FAR.2643 ercres nsr EXCEL PROFESSIONAL SERVICES, INC. 12, Aklan Company reported net income of P10,000,000 for the current period, Changes occurred in several Balance sheet accounts during the period as follows: Investment In shares, carried ‘at equity (jis 2,500,000 Increase Premium on bonds {500,000 decrease. sopaAcumulated dept " ‘caused by major repair 1,000,000 decrease Deferred tax lability ‘400,000 Increase! tn the current period statement of cash flows, the cash provided by operating activities should be 3. 7,400,000 ‘c, P6,400,000 9,400,000 . 7,000,000 4, 13: Antique Corp. reported net income of P420,000 for tne statement teurrent perlod. Changes occurred in sever of financial position accounts as follows: 35,000 increase Equipment ‘Accumulated depreciation ‘56,000 Increase Note payable 442,000 increase Additional Information: =, During the year, Antique sold eq i? P35,000, with accumulated depreciation 726/800, for a gain of P7,000. Tica, 2.290 Tn ‘December af the current year, "Antique purchased equipment costing 70,000, with 28,000 cash and « 12% note payable of PA2,000. Depreciation expense for the year was P72,800. wipment costing of ” In Antique’s current period statement of cash flows, net cash Used In Investing activities should be 2,800 ‘e P16,800 30,800 . 49,000 A 14, Capiz Company had the following activities during the current period: "Acquired Investment in ordinary shares classified 25 FA@VTOC! for P3,000,000. Sold Investment in trading securities 4,500,000 when the “carrying amount was 3,800,000. O for A year included the following: he ent eth

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