An examination of the cash receipts and payments of Xavier Corporation reveals the following:Cash paid to suppliers for purchase of merchandise $5000Cash received from customers 14000Cash paid for purchase of equipment22000Divedends paid 2000Cash received from issuance of preferred stock 10000Interest received on short-term investments 1000Wages paid 4000Repayment of loan to the bank5000Cash from sale of land 12000 Xavier’ s cash flow from financing(CFF) and cash flow from investing(CFI) will be: CFF CFI ①A. $3000 $12000 ②B. $10000 $12000 ③C. $3000 $10000
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An analyst gathers the following information: Net income $100 Decrease in accounts receivable 30 Depreciation 25 Increase in inventory 17 Increase in accounts payable 10 Decrease in wages payable 5 Increase in deferred taxes 17 Sale of fixed assets 150 Purchase of fixed assets 340 Profit from the sale of fixed assets 5 Dividends paid out 35 Sale of new common stock 120 Based on the above information, the company’s cash flow from operations is:
A. $155.
B. $165.
C. $175.
Given the following information, what is the adjustment to net income when calculating cash flow from operations using the indirect method Increase in accounts payable of $ 25. Sold one share of stock for $15. Paid dividends of $10 to shareholders. Depreciation expense of $100. Increase in inventory of $ 20.
A. $50.
B. $95.
C. + $105.
To convert an indirect statement of cash flows to a direct basis, the analyst would:
A. add decreases in accounts receivables to net sales.
B. subtract customer cash advances from net sales.
C. subtract increases in accounts payable from the cost of goods sold.
Does the Financial Accounting Standards Board require firms to disclose information about operating leases and detailed information about defined benefit pension plans in the financial statement footnotes Operating lease information Defined benefit pension plans ①A. Yes No ②B. Yes Yes ③C. No Yes
A. ①
B. ②
C. ③