FinancialAccounting-OP_YioY6nY-201

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EA17. 16.6 Use the following excerpts from Algona Company’s financial statements to determine cash
received from customers in 2018.
EA18. 16.6 Use the following excerpts from Huckleberry Company’s financial statements to determine cash
paid to suppliers for inventory in 2018.
B Exercise Set B
EB1. 16.1 Provide journal entries to record each of the following transactions. For each, identify whether
the transaction represents a source of cash (S), a use of cash (U), or neither (N).
A. Paid $22,000 cash on bonds payable.
B. Collected $12,600 cash for a note receivable.
C. Declared a dividend to shareholders for $16,000, to be paid in the future.
D. Paid $26,500 to suppliers for purchases on account.
E. Purchased treasury stock for $18,000 cash.
EB2. 16.2 In which section of the statement of cash flows would each of the following transactions be
included? For each, identify the appropriate section of the statement of cash flows as operating (O), investing
(I), financing (F), or none (N). (Note: some transactions might involve two sections.)
A. collected accounts receivable from customers
B. issued common stock for cash
C. declared and paid dividends
D. paid accounts payable balance
E. sold a long-term asset for the same amount as purchased
EB3. 16.2 In which section of the statement of cash flows would each of the following transactions be
included? For each, identify the appropriate section of the statement of cash flows as operating (O), investing
(I), financing (F), or none (N). (Note: some transactions might involve two sections.)
A. purchased stock in Xerox Corporation
B. purchased office supplies
C. issued common stock
D. sold plant assets for cash
E. sold equipment for cash
Chapter 16 Statement of Cash Flows 991
EB4. 16.3 Use the following information from Hamlin Company’s financial statements to determine
operating net cash flows (indirect method).
EB5. 16.3 What adjustment(s) should be made to reconcile net income to net cash flows from operating
activities (indirect method) considering the following balances in current assets?
EB6. 16.3 Use the following excerpts from Indigo Company’s balance sheets to determine net cash flows
from operating activities (indirect method), assuming net income for 2018 of $225,000.
EB7. 16.3 Use the following information from Jumper Company’s financial statements to determine
operating net cash flows (indirect method).
EB8. 16.3 Use the following information from Kentucky Company’s financial statements to determine
operating net cash flows (indirect method).
EB9. 16.3 Use the following excerpts from Leopard Company’s financial records to determine net cash
flows from investing activities.
992 Chapter 16 Statement of Cash Flows
This OpenStax book is available for free at http://cnx.org/content/col25448/1.4
EB10. 16.3 Use the following information from Manuscript Company’s financial records to determine net
cash flows from financing activities.
EB11. 16.3 Use the following excerpts from Nutmeg Company’s financial records to determine net cash
flows from operating activities and net cash flows from investing activities.
EB12. 16.4 Provide the missing piece of information for the following statement of cash flows puzzle.
EB13. 16.4 Provide the missing piece of information for the following statement of cash flows puzzle.
EB14. 16.5 Use the following excerpts from Indira Company’s Statement of Cash Flows and other financial
records to determine the company’s free cash flow.
EB15. 16.5 Use the following excerpts from Bolognese Company’s statement of cash flows and other
financial records to determine the company’s free cash flow for 2018 and 2017.
Chapter 16 Statement of Cash Flows 993
EB16. 16.5 The following shows excerpts from Camole Company’s statement of cash flows and other
financial records.
Compute the following for the company:
A. free cash flow
B. cash flows to sales ratio
C. cash flows to assets ratio
EB17. 16.6 Use the following excerpts from Brownstone Company’s financial statements to determine cash
received from customers in 2018.
EB18. 16.6 Use the following excerpts from Jasper Company’s financial statements to determine cash paid
to suppliers for inventory in 2018.
Problem Set A
PA1. 16.2 Provide journal entries to record each of the following transactions. For each, also identify *the
appropriate section of the statement of cash flows, and **whether the transaction represents a source of cash
(S), a use of cash (U), or neither (N).
A. paid $12,000 of accounts payable
B. collected $6,000 from a customer
C. issued common stock at par for $24,000 cash
D. paid $6,000 cash dividend to shareholders
E. sold products to customers for $15,000
F. paid current month’s utility bill, $1,500
994 Chapter 16 Statement of Cash Flows
This OpenStax book is available for free at http://cnx.org/content/col25448/1.4
PA2. 16.3 Use the following information from Acorn Company’s financial statements to determine
operating net cash flows (indirect method).
PA3. 16.3 Use the following information from Berlin Company’s financial statements to prepare the
operating activities section of the statement of cash flows (indirect method) for the year 2018.
PA4. 16.3 Use the following information from Coconut Company’s financial statements to prepare the
operating activities section of the statement of cash flows (indirect method) for the year 2018.
Chapter 16 Statement of Cash Flows 995
	Chapter 16. Statement of Cash Flows
	Exercise Set B
	Problem Set A