What was the most significant item in the cash flows

Assignment Help Accounting Basics
Reference no: EM131110802

The financial statements of P&G are presented in Appendix 5B or can be accessed at the book's companion website, www.wiley.com/college/kieso.Refer to P&G's financial statements and the accompanying notes to answer the following questions.

(a) Which method of computing net cash provided by operating activities does P&G use? What were the amounts of net cash provided by operating activities for the years 2005, 2006, and 2007? Which two items were most responsible for the increase in net cash provided by operating activities in 2007?

(b) What was the most significant item in the cash flows used for investing activities section in 2007? What was the most significant item in the cash flows used for financing activities section in 2007?

(c) Where is "deferred income taxes" reported in P&G's statement of cash flows? Why does it appear in that section of the statement of cash flows?

(d) Where is depreciation reported in P&G's statement of cash flows? Why is depreciation added to net income in the statement of cash flows? 

Reference no: EM131110802

Questions Cloud

What is the primary objective for the statement of cash flow : What is the primary objective for the statement of cash flows? Is working capital the basis for meeting this objective?
What was the most significant item reported by coca cola : What was the most significant item reported by Coca-Cola and PepsiCo in 2007 in their investing activities sections? What is the most significant item reported by Coca-Cola and PepsiCo in 2007 in their financing activities sections?
Describe the overall cash flow through the firm in terms : Describe the overall cash flow through the firm in terms of operating flows, investments flows, and financing flows.
Explain how the depreciation percentages are determined : Briefly describe the first four modified accelerated cost recovery system (MACRS) property classes and recovery periods. Explain how the depreciation percentages are determined by using the MACRS recovery periods.
What was the most significant item in the cash flows : Where is "deferred income taxes" reported in P&G's statement of cash flows? Why does it appear in that section of the statement of cash flows?
What are the ethical issues related to barbara brock mans : What are the ethical issues related to Barbara Brock man's idea?
Gaap requires the statement of cash flows : List and describe the three categories of activities that must be reported in the statement of cash flows.
Which there was an unamortized bond premium : Investments (available-for-sale) that cost $12,000 when purchased 4 years earlier were sold for $10,600. The loss was considered ordinary.
Ashley company is a young and growing producer : The amount of reported earnings for the fiscal year was $700,000, which included a deduction for an extraordinary loss of $110,000 (see item 5 below).

Reviews

Write a Review

Accounting Basics Questions & Answers

  Total amount of bond interest expense

What are the issuer's cash proceeds from issuance of these bonds? What total amount of bond interest expense will be recognized over the life of these bonds? What amount of bond interest expense is recorded on the first interest payment date?

  Simon co charges an initial franchise fee of 690000 with

simon co. charges an initial franchise fee of 690000 with 150000 paid when the agreement is signed and the balance in

  Balance in investment in peasant account

Peasant's investment account balance at teh beginning of 2006 was $581.000. during 2006 slave reports a net loss of $60,000 yet pays dividends totaling $25,000. Calculate the balance in the investment in peasant account at the end of 2006?

  The following classified balance sheet has numerous errors

the following classified balance sheet has numerous errors. indicate the errors in this balance sheet by preparing a

  Investing activities on the statement

Based on this information, was the net cash flow from investing activities on the statement of cash flows a net increase or decrease? By how much?

  Contribution to overhead as a percent of sales

The Footwear Department of Lee's Department Store had sales of $188,000, cost of goods sold of $132,500, indirect expenses of $13,250, and direct expenses of $27,500 for the current period. The Footwear Department's contribution to overhead as a p..

  Determine the impact of this dividend

Determine the impact (increase, decrease, no change) of this dividend on the following: 1. Total assets. 2. Total liabilities. 3. Common stock. 4. Total stockholders equity. 5. Market value per share of common stock.

  Sophie is a single taxpayer for the first payroll period in

sophie is a single taxpayer for the first payroll period in oct 2009 she is paid wages of 3250 monthly. sophie claims

  Assume that red door boutique sold additional watches to a

please give correct answer and explain how you got that answer. i chose c and got 12 credit for it being partially

  List the strengths and weaknesses of the budgeting and

1. list the strengths and weaknesses of the budgeting and control system at madden international.2. why might you

  Dollar amount of purchase of suits

Beginning inventory for September is expected to be $4,000 suits. What is the dollar amount of purchase of suits? Each suit has a cost of $75.

  Raise or bonus depended on a single financial measure

Raise or bonus depended on a single financial measure

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!

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