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Exam 12: Reporting and Analyzing Cash Flows

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Question 81

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Information to prepare the statement of cash flows usually comes from three sources: (1) __________________________, (2) _______________________ and (3) ____________________.

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comparative balance ...

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Question 82

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Use the following information to calculate cash paid for salaries:

A) $75,680
B) $82,080
C) $79,000
D) $85,400
E) $82,320

F) A) and E)
G) A) and D)

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Question 83

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A cash-based measure that is used to help business decision makers estimate the amount and timing of cash flows is the cash flow on total assets ratio.

The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is:

Martin,Inc.'s,income statement is shown below.Based on this income statement and the other information provided,calculate the net cash provided by operations using the indirect method. Additional information:

Which of the following items is reported on the statement of cash flows under financing activities?

The statement of cash flows reports:

Accounting standards:

A spreadsheet can help organize the information needed to prepare a statement of cash flows.

Use the following company information to prepare a schedule of significant noncash investing and financing activities: (a) Sold a building with a book value of $125,000 for $195,000 cash and land with a book value of $32,000 for $65,000 cash. (b) Issued 10,000 shares of $10 par value common stock in exchange for equipment with a market value of $135,000. (c) Retired a $100,000,10% bond by issuing another $100,000,12% bond issue. (d) Acquired land by issuing a 10-year,9%,$44,000 note payable.

An investment that is readily convertible to a known amount of cash and that is sufficiently close to its maturity date so that its market value is relatively insensitive to interest rate changes is a(n) :

Selected information from Jet Company's 2013 financial statements is shown below (in millions) : -What is the amount of cash paid for purchases by Jet during 2013?

The direct method of preparing the statement of cash flows is usually viewed as user friendly since it requires less accounting knowledge to understand it.

The following selected account balances are taken from a merchandising company's records: (a) Calculate the cash payments made during 2013 for merchandise.Assume all of the company's accounts payable balances are a result from merchandise purchases. (b) Calculate the cash receipts from customer sales during 2013. (c) Calculate the cash payments for salaries during 2013.

___________________ activities generally include those transactions and events that affect long-term assets.

A company had total assets of $1,760,000,total cash flows of $1,320,000,and cash flows from operations of $205,000.The cash flow on total assets ratio is equal to:

A main purpose of the statement of cash flows is to report all the major cash ________ and cash _______________.

A company had wage expense of $750,000 during a given period.Compute cash paid for wages during this period given the following data:

The direct method for the preparation of the operating activities section of the statement of cash flows:

Explain the purpose and format of the statement of cash flows.Also,describe its use to decision makers.