0
Where would Cash paid for equipment be reported in the statement of cash flows?
Wiki User
∙ 15y ago
expenses
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
Why was there a need to require companies to prepare a statement of cash flows?
because otherwise there would be no cash
Where does accounts receivable go on a multi step income statement?
Accounts receivables would be included in the balance sheet. The income statement reports revenues and expenses. Accounts receivables is an asset account and all the asset, liablities and equity accounts are reported on the balance sheet.
Prepaid advertising would be reported on the balance sheet as a?
An asset
What would be the purpose to report on normalized net income?
The objective of reporting normalized net income is to remove from net income the effect of one-time only events that do not qualify under U.S. GAAP as extraordinary items or discontinued operations, and therefore are not reported separately in the income statement.
Would business equipment be considered an asset?
yes.
Preferred stock issued in exchange for land would be reported in the statement of cash flows in?
a separate schedule
A corporation issued 200000 of common stock in exchange for 200000 of fixed assets Where would this transaction be reported on the Statement of Cash Flows?
This transaction would not appear on the statement of cash flows because it is a non-cash transaction. The statement of cash flows only shows transactions that involve inflows and outflows of cash.
The statement of cash flows would disclose the payment of a dividend?
nowhere on the statement
Where would the purchase on noncurrent assets be reported in the statement of cash flows?
Purchase of fixed asset is shown under cash flows from investing activities as an outflow of cash because purchase of assets is an investing activity and it causes reduction of cash flow.
What financial statement would show the amount of cash generated by operations?
The cash flow statement.
A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing?
statement of cash flows
Why was there a need to require companies to prepare a statement of cash flows?
because otherwise there would be no cash
Are life insurance payments reported on the balance sheet?
Cash value would be. Premiums would be on the Profit and Loss - Income Statement.
What transactions would be considered an investing activity on a Statement of Cash Flows?
selling a depreciable asset for cash at a loss
What represents an inflow of cash and therefore would be reported on the statement of cash flow?
Cash flows from (used in) operating activities Cash receipts from customersCash paid to suppliers and employeesCash generated from operationsInterest paidIncome taxes paidNet cash flows from operating activitiesCash flows from (used in) investing activities Proceeds from the sale of equipmentDividends receivedNet cash flows from investing activitiesCash flows from (used in) financing activities Dividends paidNet cash flows used in financing activities.Net increase in cash and cash equivalentsCash and cash equivalents, beginning of yearCash and cash equivalents, end of year
If you were buying a business what would you look for in a company's financial statements?
Balance Sheet (What We've Got)Income Statement (How'd We Do?)Statement of Cash Flows (Where'd the Money Go?)
Are credit card discounts reported as operating expenses on an income statement?
a credit card discount would be a credit, not an expense.
