Managerial Accounting
3rd Edition
ISBN: 9780077826482
Author: Stacey M Whitecotton Associate Professor, Robert Libby, Fred Phillips Associate Professor
Publisher: McGraw-Hill Education
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Chapter 12, Problem 4.1GAP
To determine
Concept introduction:
Cash Flow Statement:
A statement which defines changes occurring and their effects in the
To prepare:
The cash flow statement for the current year ended on December
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Students have asked these similar questions
Select all that apply
Grey Company earned $5,000 of revenue on account during Year 1, but collected the cash associated with the receivables in Year 2. Based on this information
alone, under accrual accounting, the company will report revenue of.
$5,000 and cash inflow from operations of zero in Year 2
$5,000 and cash inflow from operations of zero in Year 1
zero and cash inflow from operations of $5,000 in Year 2
zero and cash inflow from operations of $5,000 in Year 1
Comparative financial statements for Weaver Company follow:
Weaver Company
Comparative Balance Sheet
at Decenber 31
This Year Last Year
Ansets
Canh and canh equivalents
Accounte receivable
Inventory
Prepaiafexpenses
Total chrrent assets
Property, plant, and equi pnent
Less accumulated depreeiation
Net property, plant, and equipnent
Long-term investmenta
15
19
430
290
150
7
195
602
509
600
105
490
40
450
495
18
39
Total asseta
$1,115
$ 998
Liabilities and Stockholders' Equity
Accounts payable
Acerued liabilities
Income taxes payable
Total current liabilitien
Bonds payable
Total liabilities
$ 310
65
76
245
80
69
451
250
394
190
701
584
Common stock
Retained earnings
Total stockholders equity
338
400
76
14
414
$1,115
414
Total liabilities and stockholders' equity
998
Meaver Company
Incone Statement
For This Year Ended Decenber 31
Sales
$790
Cost of gooda sold
Gross margin
Selling and administrative expenses
Net operating income
Nonoperating itema:
Gain on sale of investments
Loss on sale…
Which of the following transactions would affect operating cash flows reported in the
statement of cash flows (all transactions involve cash) (may have more than one answer)?
Check All That Apply
Purchased $12,000 in supplies.
Purchased a delivery truck for $12,000.
Borrowed $50,000 from the bank.
Paid the utility bill of $750.
Provide services to customers for $27,000.
Chapter 12 Solutions
Managerial Accounting
Ch. 12 - Compare the purposes of the income statement, the...Ch. 12 - What information does the statement of cash flows...Ch. 12 - Prob. 3QCh. 12 - What are the major categories of business...Ch. 12 - Prob. 5QCh. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Prob. 9QCh. 12 - Prob. 10Q
Ch. 12 - As a junior analyst, you are evaluating the...Ch. 12 - Prob. 12QCh. 12 - Prob. 13QCh. 12 - Prob. 14QCh. 12 - Prob. 15QCh. 12 - Prob. 1MCCh. 12 - Prob. 2MCCh. 12 - Prob. 3MCCh. 12 - Prob. 4MCCh. 12 - Prob. 5MCCh. 12 - Prob. 6MCCh. 12 - Prob. 7MCCh. 12 - Prob. 8MCCh. 12 - Prob. 9MCCh. 12 - Prob. 10MCCh. 12 - Prob. 1MECh. 12 - Prob. 2MECh. 12 - Prob. 3MECh. 12 - Prob. 4MECh. 12 - Prob. 5MECh. 12 - Prob. 6MECh. 12 - Prob. 7MECh. 12 - Prob. 8MECh. 12 - Prob. 9MECh. 12 - Interpreting Cash Flows from Operating, Investing,...Ch. 12 - Prob. 11MECh. 12 - Prob. 12MECh. 12 - Prob. 13MECh. 12 - Prob. 1ECh. 12 - Prob. 2ECh. 12 - Prob. 3ECh. 12 - Prob. 4ECh. 12 - Prob. 5ECh. 12 - Prob. 6ECh. 12 - Prob. 7ECh. 12 - Prob. 8ECh. 12 - Reporting and Interpreting Cash Flows from...Ch. 12 - Prob. 10ECh. 12 - Prob. 11ECh. 12 - Prob. 12ECh. 12 - Prob. 13ECh. 12 - Prob. 14ECh. 12 - Prob. 15ECh. 12 - Prob. 16ECh. 12 - Prob. 17ECh. 12 - Prob. 18ECh. 12 - Prob. 19ECh. 12 - Prob. 20ECh. 12 - Prob. 21ECh. 12 - Prob. 22ECh. 12 - (Supplement 12B) Preparing a Statement of Cash...Ch. 12 - Prob. 1GAPCh. 12 - Prob. 2GAPCh. 12 - Prob. 3.1GAPCh. 12 - Prob. 3.2GAPCh. 12 - Prob. 4.1GAPCh. 12 - Prob. 4.2GAPCh. 12 - Prob. 5GAPCh. 12 - Preparing and Interpreting a Statement of Cash...Ch. 12 - Prob. 7.1GAPCh. 12 - Prob. 7.2GAPCh. 12 - Prob. 1GBPCh. 12 - Prob. 2GBPCh. 12 - Prob. 3.1GBPCh. 12 - Prob. 3.2GBPCh. 12 - Prob. 4.1GBPCh. 12 - Prob. 4.2GBPCh. 12 - Prob. 5GBPCh. 12 - Prob. 6GBP
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