答案和详解如下： 36.Use the following information to calculate cash flows from operations using the indirect method. § Net Income $12,000 § Depreciation Expense 1,000 § Loss on sale of machinery 500 § Increase in Accounts Receivable 2,000 § Decrease in Accounts Payable 1,500 § Increase in Income taxes payable 500 § Repayment of Bonds 3,000 A) Increase in cash of $7,500. B) Increase in cash of $9,500. C) Decrease in cash of $8,500. D) Increase in cash of $10,500. The correct answer was D) Cash flow from operations would be calculated as +Net Income $12,000 + Depreciation $1,000 + Loss on sale of machinery $500 - A/R $2,000 - A/P $1,500 + Income taxes payable $500 = $10,500. Repayment of Bonds is a financing activity and would not be included with operating activities. Depreciation is not a cash flow activity and is therefore always added back to net income to calculate CFO. The loss on the sale of machinery is not a cash outflow so it is also added back to calculate CFO. Accounts receivable is subtracted when there is an increase as this increases net income but does not affect cash. 37.Use the following financial data for Moose Printing Corporation to calculate the cash flow from operations (CFO) using the indirect method. § Net income $225 § Increase in accounts receivable 55 § Decrease in inventory 33 § Depreciation 65 § Decrease in accounts payable 25 § Increase in wages payable 15 § Decrease in deferred taxes 10 § Purchase of new equipment 65 § Dividends paid 75 A) Increase in cash of $183. B) Increase in cash of $173. C) Increase in cash of $248. D) Decrease in cash of $108. The correct answer was C) CFO for Moose Printing Corporation is calculated as follows: +Net Income $225 - A/R $55 + Inventory $33 + Depreciation $65 - A/P $25 + Wages Payable $15 - Deferred taxes $10 = $248. The purchase of new equipment would be an investing activity and, therefore, would not be included in the CFO. Dividends paid would be a financing activity and would not be included in the CFO. | 
发表于 2008-4-11 18:29
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