The Sections of the Statement of Cash Flows Are Listed

question 53

Essay

The sections of the statement of cash flows are listed below:
Sections of Statement of Cash Flows
O = Operating activities
I = Investing activities
F = Financing activities
Required:
For each of the following items,identify the section of the statement of cash flows you would find the item.Assume the direct method is used.
_____ 1.Paid taxes of $15,000.
_____ 2.Borrowed $35,000 from the bank on a long-term note payable.
_____ 3.Collected $690,000 from customers.
_____ 4.Received $40,000 in dividend income.
_____ 5.Paid $12,000 to suppliers for inventory.
_____ 6.Issued common stock for $170,000 cash.
_____ 7.Purchased $120,000 in long-term securities for cash.
_____ 8.Paid $18,000 dividend on common stock.
_____ 9.Purchased land for $345,000 cash.
_____ 10.Sold long-term securities for cash.No gain or loss on sale.
_____ 11.Paid $210,000 on long-term debt.
_____ 12.Received $31,000 cash on sale of equipment.No gain or loss on sale.

Recognize the right to counsel and the circumstances under which the court appoints attorneys for defendants.

Comprehend the variety of penalties applicable to criminal convictions, including fines, imprisonment, and death.

Acknowledge the classification of crimes as misdemeanors, felonies, petty offenses, and infractions, and understand the implications of each classification.

Grasp the main objectives of criminal law, including punishment and deterrence.

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Definitions:

Units

A measure of quantity used to express the amount of a product, service, or resource used or produced in a transaction.

Direct Materials Quantity Variance

The difference between the actual quantity of materials used in production and the standard quantity expected to be used, multiplied by the standard cost per unit of material.

Units

Basic quantities or measures used to express the amount, level, or extent of something.

Fixed Factory Overhead Volume Variance

The difference between the budgeted and actual fixed overhead costs, attributable to variations in the volume of production.