ACCT 102 SUNYM Calculate the Cash Flows and Cash Dividends Questions

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acct 102

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The assignment i have is in the attachment below. Examples 18, 19,21,22,25,33A, 35A, and one mini worksheet will need to be completed.

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Acct 102 quick assessment homework chapter 14

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On a Statement of Cash flows, what section (activity) does an increase in Accounts Payable go: 20200309032515....docx ^ 20200309031954....docx A 20200309031825....docx 20200309031500....docx 20200309031500....docx Show all х 1 Type here to search DI OM a 98% ca » ENG 2:46 AM 3/10/2020 2 Bb Blackb Review Bb Pearso Dashb P Pearso - SOLUT 20 X 20200 S TheWi O (153) e G gmail 0 Mail - 3 BSAD ☺ Wome + 다 Х с studypool.com/uploads/questions/811308/2020030904170314988457_47de_450f_bdc5_831b9db252b0.jpeg ET E FICO Y E Readin aragraph Г tperson.com/player/pfokbookid=1133338 platform100 scenario invoketype-pagenumber-1bokserver userid=10419213054 Learning o E14-18 Classifying items on the indirect statement of cash flows The statement of cash flows categorizes like transactions for optimal reporting Identify each item as a(n): • Operating activity-addition to net income (O+) or subtraction from net income (0-) • Investing activity-cash inflow (I+) or cash outflow (1) . Financing activity-cash inflow (F+) or cash outflow (F-) • Non-cash investing and financing activity (NIF) Activity that is not used to prepare the indirect statement of cash flows (N) . to search А е ea 9 Pearson elest rest pearson.com/player/pdfsook bookid=113333&platform100scenario1invoketype-et1&pagenumber=1&bookserver=1&userid-sid-101921354 The indirect method is used to report cash flows from operating activities. a. Loss on sale of land. i. Cash sale of land (no gain or loss). b. Acquisition of equipment by j. Issuance of long-term note payable issuance of note payable. to borrow cash. c. Payment of long-term debt. k. Depreciation Expense. d. Acquisition of building by issuance 1. Purchase of treasury stock. of common stock. m. Issuance of common stock. e. Increase in Salaries Payable. n. Increase in Accounts Payable. f. Decrease in Merchandise Inventory. o. Net income. g. Increase in Prepaid Expenses. p. Payment of cash dividend. h. Decrease in Accrued Liabilities. 20200309032515....docx ^ 20200309031954....docx 20200309031825....docx 20200309031500....docx 20200309031500....docx Show all х 1 Type here to search DI e OM a 98% ca » ENG 2:47 AM 3/10/2020 2 Bb Black Bb Revie of - Mail 3 BSAD ☺ Wom + 다 Х < > < > с Pears P Pears Dash S SOLU S 20 S 20200 S 2020 S The O (153) G gmail studypool.com/uploads/questions/811308/20200309041856cf6b7523_8b38_4152_a1c1_19dae788cc5f.jpeg 1 Normal 1 No Spac... Heading 1 Heading 2 E Style Paragraph d. Acquisition of building by issuance 1. Purchase of treasury stock. of common stock m. Issuance of common stock. e. Increase in Salaries Payable. n. Increase in Accounts Payable. f. Decrease in Merchandise Inventory o. Net income. g. Increase in Prepaid Expenses. p. Payment of cash dividend. h. Decrease in Accrued Liabilities E14-19 Computing operating activities cash flow-indirect method The records of Vintage Color Engraving reveal the following Learning Objective 2 Net Cash Prov. by Op. Act. $16,000 Net income Sales revenue Loss on sale of land Acquisition of land $36,000 53,000 4,000 35,000 Depreciation expense Decrease in current liabilities Increase in current assets other than cash $5,000 19,000 10,000 Compute cash flows from operating activities by the indirect method for year ended December 31, 2018 Type here to search e xent Guided . text person.com/playecto bookid113333platform100.coinvoketypepagenumberbockerverteridhd 10192154 с 777 € = Q An Learning Objective E14-21 Preparing the statement of cash flow-indirect method The income of the Inc Chow by Op Act 5.000 BOOST RUINC Matement Year Ended September, 2018 ingen S. Depreciation et Tolering Metro Belor comes Al data Age of plantes i 3134000. Of this cu, 105,000 ch in obye ha fome of us on. There was no c. Cal recipes from now Payment of . Pynt of the From the balance sheet 20200309032515....docx ^ 20200309031954....docx 20200309031825....docx 20200309031500....docx 20200309031500....docx Show all х 1 Type here to search DI e OM a 98% ca » ENG 2:47 AM 3/10/2020 2 Bb Black Bb Revie Pears © Pear S Dash SOLL 2 X S 2020 S 2020 - 2020 TheV > (153 G gma 0 Mail BSAI © Won + 다 Х E → с ď studypool.com/uploads/questions/811308/20200309041954f21c45ee_1cb3_4f32_b8f2_021b60566b24.jpeg ET E Paragraph Gripe med en man. There was no gain or loss back to Payment of money is $15.00 Penis The balanse Cach Ac Receivable Land Mente Accumulated Depreciation Accounts Payable Ave Labs Natybiedeng tar Common Stock, ne Retained Earning September 10 2017 $ 1.000 000 61.000 000 000 $2.000 102.000 214.000 90.000 061.000 04.000 12.000 15.000 12.000 16 000 40.000 314 000 266.000 Prepare Boulement of cash flows for the year ended September 2016 the indirect method. Includes separate casting and Type here to search O me a 9 PO x ad Aimar Gaded su Pearl test person.com/player/pdbook bookid=113333 platform1010 okeyper coverusendes-1019213654 778 chapter 14 Learning Objective 2 2. Book Value on Plant Assets Sold 57.000 E14-22 Computing cash flows for investing and financing activities Consider the following facts for Java Jolt: a. Beginning and ending Retained Earnings are $45,000 and $70,000, respectively. Net income for the period is $60,000. b. Beginning and ending Plant Assets are $124,500 and $134,500, respectively c. Beginning and ending Accumulated Depreciation--Plant Assets are $21,500 and $26,500, respectively. d. Depreciation Expense for the period is $17,000, and acquisitions of new plant assets total $29,000. Plant assets were sold at a $5,000 gain. Requirements 1. How much are cash dividends? 2. What was the amount of the cash receipt from the sale of plant assets? е K 20200309032515....docx ^ 20200309031954....docx 20200309031825....docx 20200309031500....docx 20200309031500....docx Show all х 1 Type here to search DI OM a 98% ca » ENG 2:48 AM 3/10/2020 2 Bb Blac Bb Revi Peal Pear S Das S SOL Ex S202 S 202 S 2020 S 2020 The - (15 G gmc BSA 0 Mai ☺ Wor + 다 Х с ď studypool.com/uploads/questions/811308/202003090420563c3f748a_e041_42b1_85c3_bee7625ffa6f.jpeg E Paragraph ...tokype 780 chapter 14 Learning Objective 2 Total Non-cash in and in Act. 5153,000 E14-25 Identifying and reporting non-cash transactions Dirtbikes, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018: Issued 750 shares of $3 par common stock for cash of $17,000. b. Issued 5,100 shares of $3 par common stock for a building with a fair market value $96,000 c. Purchased new truck with a fair market value of $29,000. Financed it 100% with a long-term note d. Retired short-term notes of $28,000 by issuing 1,900 shares of $3 par common stock e. Puid long-term note of $10,500 to Bank of Tallahassee. Issued new long-term note of $23,000 to Bank of Trust Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows. e testen.com/pdbook forward CIRCU LLEI, GURO. Lean P14-33A Preparing the statement of cash flows-indirect method Accountants for Morganson, Inc. have assembled the following data for the year ended December 31, 2018: Net Act. 2018 2017 Current Assets: Cash Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Payable $99.400 64,100 83,000 $ 25,000 69,700 75,000 57,600 14,800 55,200 16,800 Type here to search e 39 20200309032515....docx ^ 20200309031954....docx 20200309031825....docx 20200309031500....docx 20200309031500....docx Show all х 1 Type here to search D OM a 98% ca » ENG 2:48 AM 3/10/2020 2
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Explanation & Answer

That is the final answer

Name:
ACCT 102
Chapter 14
Question 18
Transaction

Nature of Transaction

a. Loss on sale of land

O+

b. Acquisition of equipment by issuance

NIF

of note payable
c. Payment of long term debt

F+

d. Acquisition of building by issuance of

NIF

common stock
e. Increase in Salaries payable

O+

f. Decrease in Merchandise Inventory

0+

g. Increase in Prepaid Expenses

O-

h. Decrease in Accrued Liabilities

O-

i. Cash sale of land (no gain no loss)

I+

j. Issuance of long-term note payable to

F+

borrow cash
k. Depreciation Expense

O+

l. Purchase of treasury stock

F-

m. Issuance of common stock

F+

n. Increase in Accounts Payable

O+

o. Net income

O+

p. Payment of cash dividend

F-

Question 19
Calculate the cash flows
Cash flows = Net Income + Depreciation + Loss on sale of land – Decrease in current liabilities
– Increase in Current Assets
= $36,000 + $5,000 + $4,000 - $19,000 - $10,000
= $16,000
Question 21
Boost Plus
Statement of Cash Flows
For the year ended 30th
September 2018
Cash Flow from Operating
Activities
Net Income

$53,000

Depreciation Expense

$27,000

Account...


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