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标题: Reading 34: Understanding the Cash Flow Statement-LOS b 习题精 [打印本页]

作者: 1215 时间: 2011-3-16 14:26 标题: [2011]Session 8-Reading 34: Understanding the Cash Flow Statement-LOS b 习题精

Session 8: Financial Reporting and Analysis: The Income Statement, Balance Sheet, and Cash Flow Statement
Reading 34: Understanding the Cash Flow Statement

LOS b: Describe how noncash investing and financing activities are reported.

For the year ended December 31, 2007, Gremlin Corporation reported the following transactions:

Issued 5,000 shares of preferred stock for land with a fair value of $4.8 million.
Purchased a patent for $3.3 million cash.
Acquired 40% of the common stock of an affiliate for $2.7 million cash which was borrowed from a bank.
Exchanged equipment with a book value of $1.7 million for equipment valued at $2.1 million. The exchange was an even trade.
Converted bonds payable with a book value of $5 million to 50,000 shares of common stock with a fair value of $6 million.

Calculate Gremlin’s cash flow from investing activities and cash flow from financing activities for the year ended December 31, 2007.

Cash flow from investing activities Cash flow from financing activities

A)

$1.7 million inflow $1.3 million outflow

B)

$6.0 million outflow $2.7 million inflow

C)

$2.7 million outflow $6.0 million inflow

Only the acquisition of common stock of the affiliate for $2.7 million and the purchase of the patent for $3.3 million are included in cash flow from investing activities. Since the acquisition of the stock purchase was financed with a bank loan, $2.7 million will be reported as a financing inflow. Both remaining transactions are non-cash transactions and are disclosed in the notes to or in a supplementarty schedule to the cash flow statement.

作者: 1215 时间: 2011-3-16 14:27

Which of the following transactions would least likely be reported in the cash flow statement as investing cash flows?

A)
Purchase of plant and equipment used in the manufacturing process with financing provided by the seller.

B)
Principal payments received from loans made to others.

C)
Sale of held-to-maturity securities for cash.

The purchase of plant and equipment with financing provided by the seller is a non-cash transaction. Non-cash transactions are disclosed separately in a note or supplementary schedule to the cash flow statement.

作者: 1215 时间: 2011-3-16 14:27

How would a stock split be reported on the statement of cash flows? A stock split would:

A)
not be reported on the statement of cash flows because it is a non-cash event.

B)
be reported as a source of cash in the cash flows from financing.

C)
be reported as a use of cash in the cash flows from financing.

No cash is involved in a stock split--shares are exchanged for shares.

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