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VIAP Chapter 2 Assignment 4. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, Investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cash. Two methods can be used to construct a statement of cash flows: the direct method and the Indirect method. Under the Indirect method, data from three financial statements are used. Under the Indirect method, a decrease in an asset account (excluding the cash and cash equivalent account) reflects (or results in) a cash Inflow , and an increase in a liability or equity account represents and gives rise to a cash A firm engages in a variety of activities that generate and require cash payment. The boxes below describe examples of these activities. Classify each transaction as to whether it constitutes an operating, an investing, or a financing cash flow. Throughout the year, International Business Services Co. purchased $1,598,248 worth of raw materials inventory. This transaction is classified as Tomorrow, Fort Worth Cattle Co. will close on the sale of its old office building. It is expected to receive $1.25 million for the building net of the sales commission. This transaction is dassified as A firm engages in a variety of activities that generate and require cash payment. The boxes below describe two examples of these activities. Classify each transaction according to its serving as a source of cash to the firm (cash inflow) or a use of cash (cash outflow). Situation Source Use This month, American Sporting Goods Inc. collected $87,458 in accounts receivable. During the year, International Business Services Co. relocated its corporate headquarters and purchased a new office building. O 4. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cash. Two methods can be used to construct a statement of cash flows: the direct method and the Indirect method. Under the indirect method, data from three financial statements are used. Under the indirect method, a decrease in an asset account (excluding the cash and cash equivalent account) reflects (or results in) a cash inflow and an increase in a liability or equity account represents and gives rise to a cash inflow ges in a variety of activities that generate and require cash payment. The boxes below describe examples of these activities. Classify each as to whether it constitutes an operating, an investing, or a financing cash flow. outflow Throughout the year, International Business Services Co. purchased $1,598,248 worth of raw materials inventory. This transaction is dassified as Tomorrow, Fort Worth Cattle Co. will close on the sale of its old office building. It is expected to receive $1.25 million for the building net of the sales commission. This transaction is classified as A firm engages in a variety of activities that generate and require cash payment. The boxes below describe two examples of these activities. Classify each transaction according to its serving as a source of cash to the firm (cash inflow) or a use of cash (cash outflow). Situation Source Use This month, American Sporting Goods Inc. collected $87,458 in accounts receivable. During the year, International Business Services Co. relocated its corporate headquarters and purchased a new office building. O 4. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, Investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cas Two methods can be used to construct a statement of cash flows: the direct method and the indirect method. Under the Indirect method, data from three financial statements are used. Under the indirect method, a decrease in an asset account (excluding the cash and cash equivalent account) reflects (or results in) a cash inflow and an increase in a liability or equity account represents and gives rise to a cash inflow examples of these activities. Classify ea A firm engages in a variety of activities that generate and require cash payment. The boxes below transaction as to whether it constitutes an operating, an investing, or a financing cash flow. outflow Throughout the year, International Business Services Co. purchased $1,598,248 worth of raw-materials inventory. This transaction is classified as Tomorrow, Fort Worth Cattle Co. will close on the sale of its old office building. It is expected to receive $1.25 million for the building net of the sale commission. This transaction is cassified as A firm engages in a variety of activities that generate and require cash payment. The boxes below describe two examples of these activities. Classi each transaction according to its serving as a source of cash to the firm (cash inflow) or a use of cash (cash outflow). Situation Source Use This month, American Sporting Goods Inc. collected $87,458 in accounts receivable. During the year, International Business Services Co. relocated its corporate headquarters and purchased a new office building. O Chapter 2 Assignment 4. Statement of cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, Investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cash. Two methods can be used to construct a statement of cash flows: the direct method and the Indirect method. Under the indirect method, data from three financial statements are used. Under the indirect method, a decrease in an asset account (excluding the cash and cash equivalent account) reflects (or results in) a cash Inflow and an increase in a liability or equity account represents and gives rise to a cash A firm engages in a variety of activities that generate and require cash payment. The boxes below describe examples of these activities. Classify each transaction as to whether it constitutes an operating, an Investing, or a financing cash flow. Throughout the year, International Business Services Co. purchased $1,598,248 worth of raw materials inventory. This transaction is classified as a financing cash flow ble Co. will close on the sale of its old office building. It is expected to receive $1.25 million for the building net of the sales an operating cash flow on is dassified as an investing cash flow of activities that generate and require cash payment. The boxes below describe two examples of these activities. Classify each transaction according to its serving as a source of cash to the firm (cash Inflow) or a use of cash (cash outflow). Source Use Situation This month, American Sporting Goods Inc. collected $87,458 in accounts receivable. During the year, International Business Services Co. relocated its corporate headquarters and purchased a new office building. Chapter 2 Assignment 4. Statement or cash flows The statement of cash flows categorizes a firm's cash flows according to the nature of the activities that give rise to them (for example, operating, investing, and financing cash flows) and then further differentiates these activities and cash flows into whether they involve sources and uses of cash. Two methods can be used to construct a statement of cash flows: the direct method and the indirect method. Under the indirect method, data from three financial statements are used. Under the indirect method, a decrease in an asset account (excluding the cash and cash equivalent account) reflects (or results in) a cash inflow , and an increase in a liability or equity account represents and gives rise to a cash A firm engages in a variety of activities that generate and require cash payment. The boxes below describe examples of these activities. Classify each transaction as to whether it constitutes an operating, an investing, or a financing cash flow. Throughout the year, International Business Services Co. purchased $1,598,248 worth of raw materials inventory. This transaction is classified as Tomorrow, Fort Worth Cattle Co. will close on the sale of its old office building. It is expected to receive $1.25 million for the building net of the sales commission. This transaction is classified as ho A firm engages in a variety of activities that an operating cash flow payment. The boxes below describe two examples of these activities. Classify each transaction according to its serving as a financing cash flow in (cash inflow) or a use of cash (cash outflow). Situation an investing cash flow Source Use This month, American Sporting Goods Inc. collected $87,458 In accounts receivable. O During the year, International Business Services Co. relocated its corporate headquarters and purchased a new office building