Exam 1 (ch. 13 & 14) Flashcards
Cash received from sale of services or merchandise
Operating Activities
Cash received from interest income
Operating Activities
Cash received from dividend income
Operating Activities
Cash paid to purchase inventory
Operating Activities
Cash paid for selling, general, and administrative expenses
Operating Activities
Cash paid for interest expense
Operating Activities
Cash paid for income taxes
Operating Activities
Depreciation and amortization expense
Non-cash Adjustments to Net Income
Gain or loss on sale of property, plant, or equipment
Non-cash Adjustments to Net Income
Cash received from sale of property, plant, or equipment
Investing Activities
Cash received from collection of long-term loans
Investing Activities
Cash received from sale of long-term equity (stock) investments
Investing Activities
Cash paid to purchase property, plant, or equipment
Investing Activities
Cash paid for purchasing long-term equity (stock) investments
Investing Activities
Cash received from issuing long-term debt (such as notes and bonds)
Finacing Activities
Cash received from issuing stock
Finacing Activities
Cash received from using a line of credit
Finacing Activities
Cash used to pay back long-term debt
Finacing Activities
Cash used to pay dividends
Finacing Activities
Cash used to buy back company stock (treasury stock)
Finacing Activities
lists the receipt and payment of cash for specific operating activities
Direct Method
begins with net income and reconciles it back to cash basis through adjustments
Indirect Method
What information do you need to prepare the Statment of Cash Flow?
Income statement for the current year
Comparative balance sheets
Miscellaneous additional information relating to investing and financing
