Determine cash flows from operations

1. When the indirect method is used for the statement of cash flows, how and why is net income affected by changes in current operating liabilities to determine cash flows from operations?

2. If a company sells a building that cost $150,000 and that has $80,000 of accumulated depreciation for $65,000, how does the company reflect this event on the statement of cash flows? Why?

Don't use plagiarized sources. Get Your Custom Essay on
Determine cash flows from operations
Just from $13/Page
Order Essay

1. During the year, Garsombke Company sold trading securities costing $7,500 at a loss of $500. What amount of cash did Garsombke raise from this transaction, and where would Garsombke report it on the statement of cash flows?

2. During the year, Kwak, Inc., issued 40,000 shares of $1 par value common stock in exchange for land. The appraised value of the land was $580,000. Kwak’s common stock was trading at $15 per share at he time of the exchange.

Where, and in what amount, would Kwak report this transaction on the statement of cash flows for the period?

Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.