PRACTICE PROBLEMS
CASH FLOW STATEMENTS
现金流量表代写 1.Which of the following activities increases cash flows from investing activities? a. A decrease in accounts receivable b. Taking out a long-term
1.
Which of the following activities increases cash flows from investing activities?
a. A decrease in accounts receivable
b. Taking out a long-term loan from a bank
c. Depreciation expense
d. Selling a building
2.Which of the following activities decreases cash flows from financing activities in the cash flow statement?
a. Depreciation expense
b. Paying off a long-term loan from a bank
c. Buying a building
d. An increase in accounts receivable
3.Which of the following activities increases cash flows from operating activities in the cash flow statement?
a. A decrease in accrued expenses payable
b. A decrease in accounts receivable
c. Depreciation expense
d. Selling a building
e. Two of the above
4.Which of the following activities decreasescash flows from operating activities in the cash flow statement?
a. A decrease in accrued expenses payable
b. A decrease in accounts receivable
c. Depreciation expense
d. Two of the above
5. 现金流量表代写
The statement of cash flows explains changes in a firm’s:
a. Cash in the bank
b. Cash and cash equivalents
c. Cash, cash equivalents, and accounts receivable
d. Working capital
6.In a statement of cash flows, interest paid to creditors is classified as a cash flow from:
a. Operating activities
b. Trading activities
c. Financing activities
d. Investing activities
7.According to the slides we covered in class, companies that are in the “mature” stage of development tend to have positive cash flows from operations
a. True
b. False
8.According to the slides we covered in class, which of the following cash flow patterns are exhibited by companies in their “growth” stage of development?
Cash Flows from :
Operating Activities Investing Activities Financing Activities
a. Positive Negative Positive
b. Negative Negative Positive
c. Positive Negative Negative
d. Positive Positive Negative
9.Bradley Company has an accrual basis net income of $90,000 and the following items related to its operating accounts:
| Depreciation expense | $19,000 |
| Accounts receivable increase | 6,000 |
| Inventory decrease | 7,000 |
| Accounts payable decrease | 4,000 |
How much is Bradley’s net cash flow from operating activities?
a. $ 87,000
b. $101,000
c. $ 62,000
d. $106,000
10. 现金流量表代写
Chioda Corporation had the following data for 2018:
| Net cash flows from operating activities | $1,844,000 |
| Current liabilities at January 1, 2018 | $2,400,000 |
| Current liabilities at December 31, 2018 | $3,200,000 |
Manta’s operating-cash-flow-to-current-liabilities ratio for 2018 is:
a. 0.56
b. 0.66
c. 0.48
d. 0.42
11.The following information relates to the Spencer Davis Group:
| Account Name | Ending Balance | Beginning Balance |
| Cash | $ 3,500 | $ 7,000 |
| Accounts Receivable | 16,000 | 25,000 |
| Inventory | 50,000 | 53,000 |
| Prepaid Expenses | 6,000 | 9,000 |
| Accounts Payable | 12,000 | 8,000 |
| Accrued Liabilities | 5,000 | 7,600 |
In addition, the company reported net income of $21,000, depreciation expense of $8,600 and a dividend of $3,500. Cash Flows from Operations under the indirect method for this period must have been:
a. $42,500
b. $49,500
c. $37,400
d. $46,000
12.The following information relates to the Byrds Company:
- Cash of $56,000 was used to purchase a used truck.
- Cash of $40,000 was used to retire bonds.
- Cash of $25,000 was received from the sale of an investment at a loss.
- Cash of $10,000 was collected on accounts receivable
- Cash dividends of $14,000 were received from an investment.
- Plant assets were depreciated $6,000, under the straight-line method
Compute the net cash flow from investing activities (parentheses indicate an outflow):
a. $35,000
b. ($47,000)
c. ($ 7,000)
d. ($31,000)
13. 现金流量表代写
The following information relates to the Blowfish Company:
- 25,000 shares of stock was issued for $15 a share.
- A cash dividend of $12,500 declared and paid.
- The company bought back 12,000 shares of their own common stock at $17 per share.
- Interest of $8,000 was paid to bondholders.
- Interest on Notes Receivable of $10,000 was received.
- Bonds Payable were retired at a cost of $108,000.
Compute the net cash flow from financing activities (parentheses indicate an outflow):
a. $ 58,500
b. $(71,500)
c. $ 50,500
d. $ 45,500
14.The following information relates to the RBG Co.:
- Net income, $95,000
- Depreciation Expense $11,000
- Increase in accounts receivable, $4,000
- Increase in property, plant & equipment, $10,000
- Decrease in merchandise inventory, $20,000
- Decrease in accounts payable, $8,000
- Increase in income taxes payable, $3,000
Using the indirect method, the Net Cash provided by Operating Activities was:
a. $ 90,000
b. $96,000
c. $91,000
d. $117,000
15.
The following information relates to the My Back Pages Co.:
| Net Income | $17,300 |
| Depreciation Expense | 12,000 |
| Purchase of Land | 5,000 |
| Increase in prepaid rent | 7,500 |
| Increase in Inventory | 2,050 |
| Increase in Wages Payable | 6,150 |
| Payment of Dividends | 2,000 |
Calculate the net cash provided (or used) by operating activities using the indirect method:
a. $25,900
b. $18,900
c. $35,900
d. $12,700
16.The following information relates to the Subterranean Homesick Blues Co.:
| Beginning Inventory | $34,000 |
| Ending Inventory | $44,000 |
| Beginning Accounts Payable | $36,000 |
| Ending Accounts Payable | $43,000 |
Only inventory purchases are made through Accounts Payable. The cost of goods sold of $490,000 was expensed to reflect the cost of the inventory sold. What was the amount of cash actually paid for the inventory?
a. $490,000
b. $493,000
c. $477,000
d. $487,000
17. 现金流量表代写
Miller Company reports a $30,000 increase in inventory and a $10,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $300,000. The cash payments made to suppliers were:
a. $300,000
b. $260,000
c. $320,000
d. $290,000
18.Dodd Inc. had cash sales of $250,000 and credit sales of $500,000. The accounts receivable balance increased $10,000 during the year. How much cash did Dodd receive from its customers during the year?
a. $740,000
b. $760,000
c. $540,000
d. $560,000
19.The beginning balance of Prepaid Interest was $1,800 and the ending balance was $2,600. The Interest Expense account for the year was $8,600. How much cash was paid for interest?
a. $8,300
b. $9,400
c. $8,100
d. $8,600
20. 现金流量表代写
A firm’s cash flow from investing activities includes:
a. Cash received from the sale of a plant asset
b. Cash paid as dividends
c. Cash received from the rendering of services to customers
d. Cash paid to retire bonds payable
21.Which of the following is a cash equivalent for purposes of preparing a statement of cash flows?
a. Accounts receivable
b. Investment in subsidiary company common stock
c. Inventory
d. Investment in a money market fund
22.A firm’s net cash flow from operating activities includes:
a. Cash received from sale of equipment
b. Cash received from issuance of common stock
c. Cash received from sale of merchandise
d. Cash received as payment of loan from a borrower
Use following amounts from the recent financial statements for Ranger Industries to compute the answers to the next two questions 现金流量表代写
| Current Liabilities
(Beginning of year) |
Current Liabilities
(End of year) |
Cash from
Operations |
Expenditures
on PPE |
| $575,000 | $650,000 | $1,530,000 | $500,000 |
23.To the closest hundredth, which of the following amounts is Ranger’s operating-cash-flow-to-current-liabilities ratio?
a. 66
b. 50
c. 35
d. 06
24.To the closest hundredth, which of the following amounts is Ranger’s operating-cash-flow-to-capital-expenditures ratio?
a. 66
b. 50
c. 35
d. 06
25.For the current year, Mendez Company’s net cash flow from operating activities is $60,000; its beginning total liabilities were $100,000, and its ending total liabilities were $200,000. The company’s operating-cash-flow-to-total-liabilities ratio for the year is:
a. 40
b. 30
c. 20
d. 10
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