FinancialAccounting-OP_YioY6nY-202

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PA5. 16.3 Use the following information from Dubuque Company’s financial statements to prepare the
operating activities section of the statement of cash flows (indirect method) for the year 2018.
PA6. 16.3 Use the following information from Eiffel Company’s financial statements to prepare the
operating activities section of the statement of cash flows (indirect method) for the year 2018.
PA7. 16.3 Analysis of Forest Company’s accounts revealed the following activity for its Land account, with
descriptions added for clarity of analysis. How would these two transactions be reported for cash flow
purposes? Note the section of the statement of cash flow, if applicable, and if the transaction represents a
cash source, cash use, or noncash transaction.
996 Chapter 16 Statement of Cash Flows
This OpenStax book is available for free at http://cnx.org/content/col25448/1.4
PA8. 16.4 Use the following excerpts from Zowleski Company’s financial information to prepare a
statement of cash flows (indirect method) for the year 2018.
PA9. 16.4 Use the following excerpts from Yardley Company’s financial information to prepare a statement
of cash flows (indirect method) for the year 2018.
Chapter 16 Statement of Cash Flows 997
PA10. 16.4 Use the following excerpts from Wickham Company’s financial information to prepare a
statement of cash flows (indirect method) for the year 2018.
PA11. 16.4 Use the following excerpts from Tungsten Company’s financial information to prepare a
statement of cash flows (indirect method) for the year 2018.
PA12. 16.5 The following shows excerpts from financial information relating to Aspen Company and
Bergamot Company.
Compute the following for both companies. Compare your results.
A. free cash flow
B. cash flows to sales ratio
C. cash flows to assets ratio
998 Chapter 16 Statement of Cash Flows
This OpenStax book is available for free at http://cnx.org/content/col25448/1.4
PA13. 16.6 Use the following excerpts from Fromera Company’s financial information to prepare the
operating section of the statement of cash flows (direct method) for the year 2018.
PA14. 16.6 Use the following excerpts from Victrolia Company’s financial information to prepare a
statement of cash flows (direct method) for the year 2018.
Chapter 16 Statement of Cash Flows 999
PA15. 16.6 Use the following cash transactions relating to Lucknow Company to determine the cash flows
from operating, using the direct method.
B Problem Set B
PB1. 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. reacquired $30,000 treasury stock
B. purchased inventory for $20,000
C. issued common stock of $40,000 at par
D. purchased land for $25,000
E. collected $22,000 from customers for accounts receivable
F. paid $33,000 principal payment toward note payable to bank
PB2. 16.3 Use the following information from Grenada Company’s financial statements to prepare the
operating activities section of the statement of cash flows (indirect method) for the year 2018.
1000 Chapter 16 Statement of Cash Flows
This OpenStax book is available for free at http://cnx.org/content/col25448/1.4
	Chapter 16. Statement of Cash Flows
	Problem Set B