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Trang của tôi  Học kỳ I năm học 2019-2020 (Semester 1 - Academic year 2019-2020)  Chương Trình Chất Lượng Cao dạy bằng Tiếng Anh (High-Quality training program ) 
Khoa Quản lý Công nghiệp (Faculty of Industrial Management)  Financial Accounting (IM1015)_Dương Như Hùng (CC_HK191)  Chủ đề 9  Test09_Chapter13_CC01

Đã bắt đầu vào lúc Saturday, 14 December 2019, 9:09 PM

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Hoàn thành vào lúc Saturday, 14 December 2019, 11:04 PM
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Điểm Chưa được chấm điểm

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Câu hỏi 1 Classification of Cash Flows
Chính xác The following items summarize certain transactions that occurred during the past year for Alta Inc. Show in which section of the
Điểm 12,00 của statement of cash flows the information would be reported by placing an X in the appropriate column. (Assume the direct method is
12,00 used to report operating cash flows.)

Answer:

Transaction Answer

Operating
a. Collections from customers

Not Reported in Statement of C

b. Depreciation expense

Operating
c. Wages and salaries paid

Financing
d. Cash dividends paid

Operating
e. Taxes paid

Operating
f. Utilities paid

Not Reported in Statement of C

g.Building purchased in exchange for stock

Investing
h.Stock of Western Co. purchased

Operating
¡. Inventory purchased for cash

Operating
j.Interest paid on Alta’s note to local bank

Operating
k.Interest received from a customer note

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 Investing
I.Delivery truck sold at no gain or loss

Câu hỏi 2 Preparing a Simple Cash Flow Statement

Hoàn thành Assume you have access to the ledger (specifically, the detail of the cash account) for Stern Company, represented by the following
Chấm điểm của T-account:
10,00

The transactions that are represented by posting entries (1) through (9) in the cash account are as follows:
1. Collections on account
2. Payments for wages and salaries
3. Payments for inventory
4. Proceeds from sale of equipment
5. Payments of dividends
6. Proceeds from new bank loan
7. Payments for other cash operating expenses
8. Proceeds from sale of nontrading securities
9. Payments for taxes
From these data, prepare a statement of cash flows for Stern for the year ended December 31, 2011.

Operating
Collections on account 145500(1)
Payment for wages and salaries 60000(2)
Payment for inv 64000(3)
Payment for other expenses 10500(7)
Payment for taxes 25000(9)
Balance (14000)

Investing
Sale of equipment 4750(4)
Sale of non-trading securities 17000(8)
Balance 21750

Financing
Proceeds from new bank loan 45000(6)
Payment of dividends 40000(5)
Balance 41000

Net increase in cash 48750

Beg cash bal 29870
Ending cash bal 78620

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Câu hỏi 3 Cash Flows Provided by Operations (Indirect Method)
Hoàn thành The following information was taken from the comparative financial statements of Imperial Corporation for the years ended December
Chấm điểm của 31, 2011 and 2012:
10,00

Use the indirect method to compute cash flows provided by operating activities in 2012.

Operating activities:

Net income 90000

Decrease in A/R 13000
Decrease in A/P 3400
Cash flow in operating activities 106400

Câu hỏi 4 Cash Flows Provided by Operations (Direct Method)

Hoàn thành The following information was taken from the comparative financial statements of Dougal Industries, Inc., for the years ended
Chấm điểm của December 31, 2011 and 2012:
10,00

Use the direct method to compute cash flows provided by operating activities in 2012. (Hint: You need to calculate cash paid for
operating expenses.)

Sales revenue 1100000

Interest expense 10000

Utilities expense 5000
A/P 74000
Cash flow 1011000

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Câu hỏi 5 Computation of Net Income from Cash Flows from Operations (Direct Method)
Không trả lời The following partially completed work sheet is provided for ATM Corporation, which uses the direct method in computing net cash
Chấm điểm của flows from operations:
10,00

Key:
1. Decrease in Accounts Receivable (net), $7,000
2. Loss on sale of equipment, $3,000
3. Increase in Inventory, $15,000
4. Increase in Accounts Payable, $5,000
5. Depreciation for the year, $12,000
6. Decrease in Prepaid Expenses, $2,500
7. Increase in Accrued Liabilities, $4,000
Required:
Complete the work sheet with the key items above and compute the net income (loss) to be reported by ATM Corporation on its
income statement for 2012

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