Managerial Accounting (5th Edition)
5th Edition
ISBN: 9780134128528
Author: Karen W. Braun, Wendy M. Tietz
Publisher: PEARSON
expand_more
expand_more
format_list_bulleted
Question
Chapter 13, Problem 13.10SE
1.
To determine
The net cash flow from the operating activities.
2.
To determine
The net cash flow from the investing activities.
3.
To determine
The net cash flow from financing activities.
4.
To determine
The net change in cash during the year.
5.
To determine
To find: The balance of cash at the end of the year.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
rect method.
Carlson Software Corp. has assembled the following data for the years ending December 31,
P12-60A (Learning Objectives 2, 3: Prepare the statement of cash flows-indirect method)
2016 and 2015
3. Prepal
cash flows from opl
4
5
6
7
8
$
10
11
12
13
Current Accounts:
Current assets:
Cash and cash equivalents
Accounts receivable
Inventories
Prepaid expenses
Current liabilities:
Accounts payable
Income tax payable
Accrued liabilities
Transaction Data for 2016:
Acquisition of land by issuing
long-term note payable.....
Stock dividends
Collection of loan.
Depreciation expense.
Purchase of building
with cash.
Retirement of honds payable
by issuing common stock....
Purchase of long-term
investment with cash........
$202,000
34,900
12,400
19,000
159,000
80,000
45,300
31, 2016 Format
December 31,
2016
$ 105,800
18,000
8,600
2,900
equipment
Amortization expense
$ 9,300
28,600
15,000
Purchase of treasury stock.
Loss on sale of equipment......
Payment of cash dividends
Issuance of…
From the following information prepare a statement of cash flows on the indirect method for Wishful Thinking College, a not-for-profit college, for the year ended 12/31/21. Make sure you include all required disclosures.
· Increase in net assets $1,000,000
· Increase in cash 855,000
· Increase in Investment Income Receivable 8,000
· Increase in student receivables 32,000
· Decrease in supplies inventory 5,000
· Increase in accounts payable 100,000
· Decrease in deferred tuition revenue 20,000
Included in the change in net assets were the following items:
· Cash gifts for scholarships $100,000
· Cash gifts for equipment acquisition 10,000
· Cash gifts for permanent endowment 500,000
· Gift of land 300,000
· Reclassifications of temporarily restricted amounts 80,000
· Donated services of retired professor teaching
2 online classes per term…
S26-9 Determining present value
Learning Objective 3
Use the Present Value of $1 table (Appendix A, Table A-1) to determine the
present value of $1 received one year from now. Assume a 8% interest rate. Use
the same table to find the present value of $1 received two years from now.
Continue this process for a total of five years. Round to three decimal places.
Requirements
1. What is the total present value of the cash flows received over the five-
year period?
2. Could you characterize this stream of cash flows as an annuity? Why or
why not?
3. Use the Present Value of Ordinary Annuity of $1 table (Appendix A, Table
A-2) to determine the present value of the same stream of cash flows.
Compare your results to your answer to Requirement 1.
4. Explain your findings.
Chapter 13 Solutions
Managerial Accounting (5th Edition)
Ch. 13 - (Learning Objective 1) Which of the following is...Ch. 13 - Prob. 2QCCh. 13 - Prob. 3QCCh. 13 - Prob. 4QCCh. 13 - Prob. 5QCCh. 13 - Prob. 6QCCh. 13 - Prob. 7QCCh. 13 - Prob. 8QCCh. 13 - Prob. 9QCCh. 13 - (Learning Objective 3) Which one of the following...
Ch. 13 - Prob. 13.1SECh. 13 - Prob. 13.2SECh. 13 - Prob. 13.3SECh. 13 - Prob. 13.4SECh. 13 - Prob. 13.5SECh. 13 - Calculate financing cash flows (Learning...Ch. 13 - Prob. 13.7SECh. 13 - Prob. 13.8SECh. 13 - Prob. 13.9SECh. 13 - Prob. 13.10SECh. 13 - Prob. 13.11SECh. 13 - Prob. 13.12AECh. 13 - Prob. 13.13AECh. 13 - Prob. 13.14AECh. 13 - Calculate operating cash flows (indirect method)...Ch. 13 - Prob. 13.16AECh. 13 - Prob. 13.17AECh. 13 - Prob. 13.18AECh. 13 - Prob. 13.19AECh. 13 - Prob. 13.20AECh. 13 - Classify sustainable activities effect on cash...Ch. 13 - Prob. 13.22BECh. 13 - Prob. 13.23BECh. 13 - Prob. 13.24BECh. 13 - Calculate operating cash flows (indirect method)...Ch. 13 - Prob. 13.26BECh. 13 - Prob. 13.27BECh. 13 - Prob. 13.28BECh. 13 - Prob. 13.29BECh. 13 - Prob. 13.30BECh. 13 - Classify sustainable activities effect on cash...Ch. 13 - Prob. 13.32APCh. 13 - Prepare statement of cash flows (indirect method)...Ch. 13 - Prob. 13.34APCh. 13 - Prob. 13.35APCh. 13 - Prob. 13.36BPCh. 13 - Prepare statement of cash flows (indirect method)...Ch. 13 - Prob. 13.38BPCh. 13 - Prob. 13.39BPCh. 13 - Prob. 13.40SCCh. 13 - Discussion Analysis A13-41 Discussion Questions...Ch. 13 - Prob. 13.42ACTCh. 13 - Ethics involved with statement of cash flows...Ch. 13 - Prob. 13.44ACTCh. 13 - Prob. 13.45ACT
Knowledge Booster
Similar questions
- At a rate of 5.5%, what is the present value of the following cash flow stream? Years 1. 2 3 Cash Flows $0 $750 $600 $500 $400 Show your work in Excel and highlight your answer to this question. Your excel file will be submitted at the end of the exam.arrow_forwardBased on the following information, compute cash flows from investing activities under GAAP.Cash collections from customers $800Purchase of used equipment 200Depreciation expense 200Sale of investments 450Dividends received 100Interest received 200arrow_forwardDirection: Classify each cash flow activity (Operating, Investing, Financing, or Non-cash). Then, prepare the Statement of Cash Flows for the year ended December 31, 2019. Talent Fees receivables from clients 500,000 Cash receipt from clients 600,000 . Depreciation expense 40,000 Proceeds of Japan bank loan 350,000 Cash purchase of building 800,000 Provision for doubtful accounts 28,000 Additional Investment of Lena 900,000 Dividends income received 23,000 Rent Income received 32,000 Payment of operating expenses 975,000 Principal long-term loan paid 600,000 Asset withdrawal of owner 125,000 Proceeds from sale of land 950,000arrow_forward
- courses/ The cash balance of Saadah Company is 32700 OMR at the beginning of the year. The cash flows during the year are given as follows; Operating cash inflow: 37800 Financing cash inflow: 22300 Investing outflow: 29000 Which of the following is the cash balance at the end of the year. Select one: O a. 64000 Ob. 121800 Oc. 68300 O d. 63800 Clear my choicearrow_forwardWrite a cash flow for this income statement Genuises School Income Statement For year ended June 30,2025 Profits & Loss Yearly Total Revenues Tuition Fees (Books+Resources+Uniform) Fees 829,500 OMR 693,000 OMR 136,000 OMR Less cost of Revenues Website & software Science Lab resources Library resources IT Lab Resources Offices Furniture IB License 400,000 OMR Gross Profit 429,000 OMR Less Expenses Salaries 184,800 OMR Advertising & marketing 1000 OMR Utilities(Electricity,Water,Internet service &Telephone Bill) 2400 OMR Loan Payments 12,000 OMR Rent expense+accamodation 60,000 OMR Repair & Maintenance 500 OMR Stationary & Printing 500 OMR Petrol 960 OMR Software 1000 OMR Insurance 4800 OMR Total expenses 267,000OMR Net Profit (Net Income) 162,000 OMRarrow_forwardFree Cash Flow Kat Co. reports the following financial data for the current year: Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Cash disbursed for capital expenditures Compute Kat's free cash flow. Free cash flow S 17175 x Check $21,500 (10,555) 4,250 (4,325)arrow_forward
arrow_back_ios
arrow_forward_ios
Recommended textbooks for you
Excel Applications for Accounting PrinciplesAccountingISBN:9781111581565Author:Gaylord N. SmithPublisher:Cengage Learning
Excel Applications for Accounting Principles
Accounting
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Cengage Learning