Financial Accounting: 5.5.1 US GAAP vs IFRS Question 1 of 2 Statement of Cash Flows Builder The cash transactions provided below occurred during the period Drag them to build a statement of cash flows following US GAAP Use the Direct Method for calculating cash flow from operating activities ACCORDING TO US GAAP Company A Statement of Cash Flows as of December 31, 2013 OPERATING ACTIVITIES SOURCES TOTAL SOURCES 50 (USES) PURCHASE DE VENTERI 3,00 a o lop Financial Accounting: 5.5.1 US GAAP vs. IFRS Company A Statement of Cash Flown as of December 31, 2013 OPERATING ACTIVITIES SOURCES: TOTAL SOURCES. 50 (USES PURCHASE OF INVENTORY FOR CASH $10,000 PAYMENT OF UTILITIES 55.000 SALE OF INVENTORY FOR CASH S16,000 PATMENT OF AGES TO EMTEES 65.000 CAH PROVIDED BY USED IN (550.000 OPERATING ACTIVITIES a hip student/concept/5f718dee339b4109d1f38e5f/a 19ff628-6342-4639-8459-a524576f2fe9/914/7 Financial Accounting: 5.5.1 US GAAP vs. IFRS INVESTING ACTIVITIES SOURCES: $10,000 SALE OF USED PLANT EQUIPMENT FOR CASH TOTAL SOURCES $10,000 (USES:) $300,000 PURCHASE OF A BUILDING FOR CASH SALE OF LAND FOR CASH $140,000 TOTAL USESO ($440,000) CASH PROVIDED BY USED IN) ($430,000) INVESTING ACTIVITIES FINANCING ACTIVITIES SOURCES ent/concept/5f7f8dee339b4109d1f38e5f/a 19ff628-6342-4639-8459-a524576f2fe9 Financial Accounting: 5.5.1 US GAAP vs. IFRS FINANCING ACTIVITIES SOURCES: TOTAL SOURCES: SO (USES:) $15,000 REPAYMENT OF A BANK LOAN (PRINCIPAL TOTAL CUSES) (515,000) CASH PROVIDED BY USED IN) ($15.000) FINANCING ACTIVITIES > View instructions on how to use this feature SAVE SUBMIT Financial Accounting: 5.5.1 US GAAP vs IFRS Question 1 of 2 Statement of Cash Flows Builder The cash transactions provided below occurred during the period Drag them to build a statement of cash flows following US GAAP Use the Direct Method for calculating cash flow from operating activities ACCORDING TO US GAAP Company A Statement of Cash Flows as of December 31, 2013 OPERATING ACTIVITIES SOURCES TOTAL SOURCES 50 (USES) PURCHASE DE VENTERI 3,00 a o lop Financial Accounting: 5.5.1 US GAAP vs. IFRS Company A Statement of Cash Flown as of December 31, 2013 OPERATING ACTIVITIES SOURCES: TOTAL SOURCES. 50 (USES PURCHASE OF INVENTORY FOR CASH $10,000 PAYMENT OF UTILITIES 55.000 SALE OF INVENTORY FOR CASH S16,000 PATMENT OF AGES TO EMTEES 65.000 CAH PROVIDED BY USED IN (550.000 OPERATING ACTIVITIES a hip student/concept/5f718dee339b4109d1f38e5f/a 19ff628-6342-4639-8459-a524576f2fe9/914/7 Financial Accounting: 5.5.1 US GAAP vs. IFRS INVESTING ACTIVITIES SOURCES: $10,000 SALE OF USED PLANT EQUIPMENT FOR CASH TOTAL SOURCES $10,000 (USES:) $300,000 PURCHASE OF A BUILDING FOR CASH SALE OF LAND FOR CASH $140,000 TOTAL USESO ($440,000) CASH PROVIDED BY USED IN) ($430,000) INVESTING ACTIVITIES FINANCING ACTIVITIES SOURCES ent/concept/5f7f8dee339b4109d1f38e5f/a 19ff628-6342-4639-8459-a524576f2fe9 Financial Accounting: 5.5.1 US GAAP vs. IFRS FINANCING ACTIVITIES SOURCES: TOTAL SOURCES: SO (USES:) $15,000 REPAYMENT OF A BANK LOAN (PRINCIPAL TOTAL CUSES) (515,000) CASH PROVIDED BY USED IN) ($15.000) FINANCING ACTIVITIES > View instructions on how to use this feature SAVE SUBMIT
