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Harlamova29_29 [7]
2 years ago
14

Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating act

ivity (that is, the item would be listed among the adjustments to net income to determine net cash provided by operating activities under the indirect method), investing activity, financing activity, and significant noncash investing and financing activity.
Business
1 answer:
kondor19780726 [428]2 years ago
4 0

Answer:

Indicate how each item should be classified in the statement of cash flows using these four major classifications

Explanation:

Cash flows from operating activities

Profit before taxation

Adjustments for:

Depreciation

Investment income

Interest expense

Profit / (Loss) on the sale of property, plant & equipment

Working capital changes:

(Increase) / Decrease in trade and other receivables

(Increase) / (Decrease) in inventories

Increase / (Decrease) in trade payables

Cash generated from operations

Interest paid

Income taxes paid

Dividends paid

Net cash from operating activities

Cash flows from investing activities

Business acquisitions, net of cash acquired

Purchase of property, plant and equipment

Proceeds from sale of equipment

Acquisition of portfolio investments

Investment income

Net cash used in investing activities

Cash flows from financing activities

Proceeds from issue of share capital

Proceeds from long-term borrowings

Payment of long-term borrowings

Net cash used in financing activities

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Sharon Corporation redeems 20 shares of Kevin's common stock. Kevin directly owned 50 shares prior to the redemption. Kevin is a
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Expenses recognition Sun Microsystems uses the accrual basis of accounting and recognizes revenue at the Lime it sells goods or
s2008m [1.1K]

Answer:

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Amount of Expenses to recognize during the months of June, July, and August in each of the following transactions:

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b. Utility Expense = $4,650

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Answer:

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