User Account

All Pages

What is the net cash provided by operating activities

Assignment Help Financial Accounting
Reference no: EM132790641

Questions -

Q1. The acquisition of building by issuing preferred stock isGroup of answer choices

(a) a noncash transaction that is not reported in the body of a statement of cash flows

(b) a cash transaction and would be reported in the body of a statement of cash flows

(c) only reported if the statement of cash flows is prepared using the direct method

(d) a noncash transaction reported as an investing activity in the body of a statement of cash flows

Q2. During 2015, Can't Spell Industries reported cash provided by operations of $21,050, cash used in investing of $16,900, and cash used in financing of $6,300. In addition, cash spent for fixed assets (capital expenditures) during the period was $11,222. Average current liabilities were $21,567 and average total liabilities were $63,998. $2,000 of dividends were paid. Based on this information, what was Can't Spell's free cash flow?

(a) ($19,748)

(b) $9,828

(c) $7,828

(d) $33,028

Q3. Overall the company's cash increased during the year. The company has positive cash flows from operating activities, but negative cash flows from investing and financing activities. How would you classify the company?

(a) They are a growing company needing a lot of cash for financing activites

(b) They are a stable company with operating cash to pay for investing and financing needs

(c) They should work on having a positive cash flow from investing activites

(d) There's a going concern assumption that they won't stay in business much longer

Q4. WB Champions had the following transactions during 2015:

Issued par value common stock for cash of $20,000

Recorded and paid salaries of $7,500

Acquired a building by issuing common stock of $38,000

Declared and paid a cash dividend of $2,000

Sold a long-term investment for cash of $3,500

Recorded cash sales of $24,500

Purchased inventory for cash of $13,600

Acquired an investment in Winning Co. stock for cash of $1,000

Declared a stock dividend of $7,000

Repaid a 4 year bonds of $4,000

What is the net cash provided by operating activities?

(a) $16,400

(b) $400

(c) $3,900

(d) $3,400

Reference no: EM132790641

Questions Cloud

What are the pertinent entries for the home office : If the head office had shipped the goods directly to Davao branch, the freight charge would have been P700. What are the pertinent entries
Explanation of the value of evidence-based treatment : Explain how the prevalence of evidence-based programs has influenced treatment practices for addiction. Explanation of the value of evidence-based treatment
Which guidelines do you find most useful : Review the depression treatment guidelines (APA, VA/DoD, NICE) in clinical resources and compare the recommendations. Which guidelines do you find most useful?
Discuss how traditions-customs-activities and behaviors : Discuss how traditions, customs, activities and behaviors changed for YOU or YOUR FAMILY since you or they temporarily
What is the net cash provided by operating activities : Acquired an investment in Winning Co. stock for cash of $1,000. What is the net cash provided by operating activities
Understanding and application of appropriate concepts : Identify the typical product categories purchased by the company/industry and Determine major criteria which should be considered in the evaluation
Organizational structure and management philosophy : In Part III you will complete the final elements of your business plan by describing the organizational structure and management philosophy
How the game connects to the unit resources : Poverty GameShare your experience with the poverty game. Discuss how this game connects to the unit resources and how this social problem affects society.
Identify the statement of immediate problems : Identify the statement of immediate problems including the root cause of the immediate problem and the secondary problem that may or may not be solved if and wh

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd