Exam 5: Statement of Cash Flows and Articulation

Robinson Company reported a net loss of $23,000 during the year.Comparing beginning and ending balances,you determine the following: (1)accounts receivable increased by $8,000;and (2)accrued expenses payable increased by $5,000.What was the amount of cash used in operating activities during the year?

Cash flows from financing activities would be reduced by which of the following?

The following information is provided by Horizons Company: Horizons Company Balance Sheet December 31,2014 and 2013 Horizons Company Income Statement For the Years Ended December 31,2014 and 2013 Additional information pertinent to this company is as follows: Required: Determine the following amounts:

In a statement of cash flows,proceeds from the sale of a company's own bonds or mortgages should be classified as cash inflows from

Which of the following would be subtracted from net income when using the indirect method to derive net cash flows from operating activities?

Which of the following is not classified as a cash outflow from operating activities?

Which of the following would not be classified as an operating activity?

During 2014,Larson Corp.acquired buildings for $325,000,paying $75,000 cash and signing a 10% mortgage note payable in 10 years for the balance.How should the transaction be shown in the cash flow statement for Larson in 2014?

In a statement of cash flows,receipts from sales of property,plant,and equipment would be classified as cash inflows from

In a statement of cash flows prepared using the direct method,if wages payable increased during the year,the cash paid for wages would be

A gain on the sale of a plant asset in the ordinary course of business should be presented in a statement of cash flows prepared using the indirect method as

Patterson,Inc. ,has the following comparative balance sheets and income statement available for your examination: Additional information: Prepare a statement of cash flows for Patterson,Inc. ,for 2014 employing the indirect method of identifying cash flows from operating activities.

Cash inflows from investing result from

Partial balance sheet data and additional information for Bohemian Industries are given below: Bohemian Industries Partial Balance Sheet December 31,2014 and 2013 Assets Additional Information: Prepare the operating activities section of the statement of cash flows,using the indirect method,for the year ending December 31,2014.

Partial balance sheet data and additional information for Samuelson Company are listed below: Additional Information: Compute the amount of cash paid in 2011 for inventory purchases.

The following is a comparative balance sheet for Cool Covers Clothiers Inc.for the years 2014 and 2013: The income statement for the year ended December 31,2014,follows: After paying cash dividends,the decrease in retained earnings totaled $95,000.Management is alarmed by the shrinkage in the company's cash position during 2014.Prepare a statement of cash flows for 2014 using the direct method.

A gain on the sale of a plant asset should be included in which of the following sections of a statement of cash flows prepared using the direct method?

A loss on the sale of machinery in the ordinary course of business should be presented in a statement of cash flows (indirect method)as

When preparing a statement of cash flows using the direct method,amortization of a patent is

Dingo Boot Company uses the direct method to prepare its statement of cash flows.The company had the following cash flows during 2014: -See information regarding Dingo Boot Company above.The net cash provided by (used in)operating activities is