Exam 15: How Well Am I Doing Statement of Cash Flows

An increase in the plant and equipment account of $100,000 over the course of a year would be shown on the company's statement of cash flows prepared under the indirect method as:

Postma Corporation's balance sheet and income statement appear below: Cash dividends were $29. The company sold equipment for $19 that was originally purchased for $14 and that had accumulated depreciation of $11. The net cash provided by (used by) operations for the year was:

Lindgren Corporation's most recent comparative balance sheet appears below: -The net cash provided by (used by) operations for the year was:

Andreoli Corporation's most recent balance sheet appears below: The net income for the year was $189. Cash dividends were $47. The net cash provided by (used by) financing activities for the year was:

Excerpts from Blackner Corporation's comparative balance sheet appear below: Which of the following classifications of changes in balance sheet accounts as sources and uses is correct?

Lindgren Corporation's most recent comparative balance sheet appears below: -The net cash provided by (used by) financing activities for the year was:

When a company prepares its statement of cash flows under the indirect method, an increase in depreciation expense will also increase the net cash provided by operating activities.

Grboyan Corporation's most recent balance sheet appears below: The net income for the year was $116. Cash dividends were $32. The net cash provided by (used by) investing activities for the year was:

Garavaglia Corporation's balance sheet appears below: Required: Prepare a statement of cash flows using the indirect method.

For external reporting purposes, the FASB recommends the indirect method of determining the net cash provided by operating activities on the statement of cash flows.

The ending and beginning balances of Tourville Corporation's balance sheet accounts for the most recent year are listed below: The company's net income (loss) for the year was ($8,000) and its cash dividends were $3,000. Required: Classify the change for the year in each balance sheet account as a source, use, or neither a source nor a use.

Veale Corporation's most recent balance sheet appears below: Net income for the year was $107. Cash dividends were $29. -The net cash provided by (used by) operations for the year was:

Kassebaum Corporation's comparative balance sheet appears below: The company's net income (loss) for the year was $13,000 and its cash dividends were $1,000. -The total dollar amount of all of the items that would be classified as uses when compiling a simplified statement of cash flows is:

Pugmire Corporation's net cash provided by operating activities was $169,000; its net income was $161,000; its capital expenditures were $95,000; and its cash dividends were $42,000. Required: Determine the company's free cash flow.

Drusilla Corporation prepares its statement of cash flows using the indirect method. Which of the following would be deducted from net income in the operating activities section of the statement?

Megenity Company's net income last year was $194,000. Changes in the company's balance sheet accounts for the year appear below: The company declared and paid cash dividends of $132,000 last year. The following questions pertain to the company's statement of cash flows. -The net cash provided by (used in) investing activities last year was:

Wander Company's comparative balance sheet and income statement for last year appear below: The company declared and paid $39,000 in cash dividends during the year. The following questions pertain to the company's statement of cash flows. -The net cash provided by (used in) investing activities last year was:

When using the indirect method to prepare the statement of cash flows, depreciation should be presented as a(n):

The most recent balance sheet and income statement of Teramoto Corporation appear below: Cash dividends were $18. -The net cash provided by (used by) operations for the year was:

Sheen Corporation's balance sheet and income statement appear below: Cash dividends were $23. Required: Prepare a statement of cash flows using the indirect method.