Solved

During 2014, the Following Items Were Reported on ShoeCo's Statement

Question 20

Essay

During 2014, the following items were reported on ShoeCo's statement of cash flows in millions of dollars.
Required:
For each item, identify the type of activity it is (operating, investing, financing) and the effect it would have on the statement of cash flows. The operating activities section is prepared using the indirect method. (Enter "+" if added or "-" if subtracted. You do not need to enter dollar amounts).  Investments in unconsolidated affiliates, purchases $64 Dividends received from equity affiliates 10 Equity in affiliate earnings 38 Available-for-sale securities, sales proceeds 27 Loss on sale of available-for-sale securities (6) Unrealized gain on trading securities 15\begin{array}{lr}\text { Investments in unconsolidated affiliates, purchases } & \$ 64 \\\text { Dividends received from equity affiliates } & 10 \\\text { Equity in affiliate earnings } & 38 \\\text { Available-for-sale securities, sales proceeds } & 27 \\\text { Loss on sale of available-for-sale securities } & (6) \\\text { Unrealized gain on trading securities } & 15\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions