managerial accounting 16th ed textbook solutions manual chapter 14
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managerial accounting 16th ed textbook solutions manual chapter 14
Chapter 14Statement of Cash FlowsSolutions to Questions14-1 The statement of cash flows highlights the major activities that impad cash flows and henc managerial accounting 16th ed textbook solutions manual chapter 14 ce affect the overall cash balance.14-2 Cash equivalents are shortterm, highly liquid investments . such as Treasury bills, commercial paper, and money market funds. They arejncluded with cash because investments of this type are made solely for the purpose of generating a return on temporarily idle managerial accounting 16th ed textbook solutions manual chapter 14 funds and they can be easily converted to cash.14-3(1) Operating activities: Include cash inflows and outflows related to revenue and expense transacmanagerial accounting 16th ed textbook solutions manual chapter 14
tions that affect net income.-2Investing activities: Include cash inflows and outflows related to acquiring or disposing of noncurrent assets.-3FinancChapter 14Statement of Cash FlowsSolutions to Questions14-1 The statement of cash flows highlights the major activities that impad cash flows and henc managerial accounting 16th ed textbook solutions manual chapter 14 ompany's owners.14-4 The company's specific circumstances should be considered when interpreting the statement of cash flows. The relationships among numbers should also be considered rather than evaluating each number in isolation.14-5 Since the entire cash proceeds from the sale of angncurrent ass managerial accounting 16th ed textbook solutions manual chapter 14 et appear as a cash inflow from investing activities, the gain must be deducted from net income to avoid double counting a portion of those proceeds.1managerial accounting 16th ed textbook solutions manual chapter 14
4-6 Transactions involving accounts payable are nọt considered to be financing activities because such transactions relate to a company's day-to-day oChapter 14Statement of Cash FlowsSolutions to Questions14-1 The statement of cash flows highlights the major activities that impad cash flows and henc managerial accounting 16th ed textbook solutions manual chapter 14 n the statement of cash flows. That is, the_company would show $500,000 of cash provided by, financing activities and then show $300,000 of cash used by financing activities.14-8 The direct method reconstructs the income statement on a cash basis by restating revenues and expenses in terms of cash i managerial accounting 16th ed textbook solutions manual chapter 14 nflows and outflows. The indirect method starts with net income and adjusts it to a cash basis to determine the net cash provided by operating activitmanagerial accounting 16th ed textbook solutions manual chapter 14
ies.14-9 Depreciation is not a cash inflow, even though it is added to net income on the statement of cash flows. Adding depreciation to net income toChapter 14Statement of Cash FlowsSolutions to Questions14-1 The statement of cash flows highlights the major activities that impad cash flows and henc managerial accounting 16th ed textbook solutions manual chapter 14 '1’1This document is available free of charge on1StuDocu.comDownloaded by Pham Quang Huy (etxx*4you oniine@gmaii com)illusion that depreciation is a cash inflow. It isn't.14-10 An increase in the Accounts Receivable account must be subtracted from net income under the indirect method because this is managerial accounting 16th ed textbook solutions manual chapter 14 an increase in a noncash asset.14-11 A sale of equipment for cash would be classified as an investing activity. Any transaction involving the acquisimanagerial accounting 16th ed textbook solutions manual chapter 14
tion or disposition of nohcurrent assets is classified as an investing activity.14-12 Free cash flow is net cash provided by operating activities minuChapter 14Statement of Cash FlowsSolutions to Questions14-1 The statement of cash flows highlights the major activities that impad cash flows and henc managerial accounting 16th ed textbook solutions manual chapter 14 u ortine@gmaii com)The Foundational 151The net decrease in cash and cash equivalents would equal the $9,000 decrease in the cash balance (from $57,000 to $48,000) as shown on the balance sheet.2The basic equation for stockholders' equity accounts can be applied to the Retained Earnings account to co managerial accounting 16th ed textbook solutions manual chapter 14 mpute the net income of $2,000 as follows:Beginning balance - Debits + Credits Ending balance $61,000 - $6,000 + Credits $57,000 $55,000 + Creditsmanagerial accounting 16th ed textbook solutions manual chapter 14
$57,000Credits $2,0003The basic equation for contra-asset accounts can be applied to the Accumulated Depreciation account to compute the depreciationChapter 14Statement of Cash FlowsSolutions to Questions14-1 The statement of cash flows highlights the major activities that impad cash flows and henc managerial accounting 16th ed textbook solutions manual chapter 14 31,000 + Credits $50,000Credits $19,000Chapter 14Statement of Cash FlowsSolutions to Questions14-1 The statement of cash flows highlights the major activities that impad cash flows and hencGọi ngay
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