Answered step by step
Verified Expert Solution
Question
1 Approved Answer
LOL. What is the statement of cash flows a) What are the three basic types of cash flow activities? b) Identify if the following would
LOL. What is the statement of cash flows a) What are the three basic types of cash flow activities? b) Identify if the following would be Operating (O), Investing (1), or Financing (F) activities: Cash from sell of a piece of equipment m) Cash payment of dividends m Cash from customers for sale of merchandise inventory iv) Purchase of Treasury Stock c) What are the two formats for the operating cash flows? LO2. How is the statement of cash flows prepared using the indirect method a) When using the indirect method, the statement of cash flows operating activities section begins with b) For the operating activities, list two items that might be needed for Adjustments to reconcile Net Income to Net Cash Provided by Operating Activities: c) In operating activities, an increase in accounts payable is (subtracted or added) .) In operating activities, an increase in accounts receivable is (subtracted or added) e) Fill in the missing numbers: Net Cash Provided by Operating Activities S170,000 Net Cash Provided by Investing Activities 30,000 Net Cash Provided by Financing Activities (20.000) Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 22.000 Cash Balance, December 31, 2018 1 Give two examples of non-cash investing and/or financing activities: LO3. How do we use free cash flow to evaluate business performance a) What is the formula for calculating free cash flow? b) How much free cash flow does ABC Company expect for 20XX? ABC Company expects the following for 20XX:| Net cash provided by operating activities $80,000 Cash payment for updates to facilities 10,000 Cash payment for dividends to shareholders 1,000 Net cash provided by financing activities 15,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started