Homework Help is Here – Start Your Trial Now!
Business
Accounting
Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance

Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 16MCQ: In a completed worksheet, a. the debit column contains the cash inflows. b. the debit column...
See similar textbooks
icon
Related questions
Question

Revise your calculations based the new information provided below and then answer the questions that follow.

 

Inflows:
Issue common stock $129,000
Sell inventory to customers 147,920
Issue notes payable 91,160
Sell land 168,560
Earn interest on investments 3,440
Sell patent 104,920

 

Outflows:
Purchase equipment $309,600
Purchase inventory 65,360
Purchase treasury stock 68,800
Repay notes payable 51,600
Pay salaries 67,080
Pay dividends 25,800
Beginning cash $91,160


Required:
1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.)

 



2. What is the revised ending cash balance?

 



3. Which of the three types of cash flows could best be desribed as cash-basis net income?

multiple choice 1

  • Operating
  • Investing
  • Financing



4. Which of the following types of cash flow involves primarily changes in long-term liabilities and stockholders' equity?

multiple choice 2

  • Operating activities
  • Investing activities
  • Financing activities
Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance
Transcribed Image Text:Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing 2. What is the revised ending cash balance? Ending cash balance
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS