The Statement Of Cash Flows - Harper College
Revised Fall 2012CHAPTER 12STATEMENT OF CASH FLOWSKey Terms and Concepts to KnowThe Statement of Cash Flows reports the sources of cash inflows and cash outflowduring an accounting period. The inflows and outflows are divided into three sectionsor categories based on the underlying cause or nature of the cash flows: Operating Activities Investing Activities Financing ActivitiesBecause the statement explains the changes in the cash balance during the period,the beginning and ending balances in Cash are not included in these three sections.Cash forms a fourth section at the bottom of the statement in which the beginningcash balance is added to the total of the three sections to determine the endingbalance for cash.At times, companies enter into investing and financing transactions that do notinvolve cash, such as issuing common stock to purchase land. These transactions arenot reported on the statement of cash flows because they do not provide or use cash.Instead, they are reported in a separate section or note which is presented after theending cash balance.Page 1 of 26
Revised Fall 2012Key Topics to KnowThe statement of cash flows explains the changes in the balance sheet during anaccounting period from the perspective of how these changes affect cash. As notedabove, the cash inflows and outflows are divided into three sections plus a cashsection based on the balance sheet accounts underlying the cause or nature of thecash flows. Investing and financing activities that do not involve cash are presentedin a separate schedule.Cash Flow Statement SectionBalance Sheet AccountsOperating ActivitiesNet Income revenue – expensesCurrent assets excluding cashCurrent liabilities excluding dividendspayable and short-term notes payableInvesting ActivitiesNon-current assetsFinancing ActivitiesLong-term liabilitiesShort-term notes payableCapital stock and treasury stockDividends declared and dividends payableCashCashNon-cash Investing andFinancing ActivitiesChanges in long-term liabilities, shortterm notes payable, capital stock andtreasury stock that do not involve cashPractice Problem #1Identify which section of the statement of cash flows each of the following eventswould appear in (operating, investing and financing or in a separate schedule):a)b)c)d)e)f)g)h)i)j)Purchased a PatentSold Treasury stockNet IncomeSold long-term investmentsPurchased a buildingIssued bonds.Paid dividendsRecorded depreciation expense for the yearIssued common stock to retire a mortgagePurchased treasury stockPage 2 of 26
Revised Fall 2012Operating ActivitiesOperating Activities include the events and transactions that determine day-todayoperating activities. These events and transactions include net income and thechanges in the current asset and current liability accounts related to net income.Those transactions and events that do not provide or use cash are excluded fromdetermining cash flows from operating activities.For example, sales on account are used to determine net income, but to the extentthat these sales remain uncollected at the end of the period, the increase in accountsreceivable is not a cash flow and must be deducted when converting net income intocash flow from operating activities.Examples of non-cash transactions include depreciation, depletion and amortizationexpense and gains and losses from the sale of plant assets and the retirement ofbonds.There are two methods of preparing the operating activities section: Indirect Methodand Direct Method. Both methods calculate the same total of cash flows fromoperating activities, although the methodologies are considerably different.Indirect MethodThe indirect method starts with net income and adjusts it for non-cash transactionsand other cash used by or provided by normal daily activities.Net IncomeAdd:Noncash expenses (i.e., depreciation and amortization)Losses on sales or retirementsDecreases in Current AssetsIncreases in Current Liabilities related to operations*Deduct: Increases in Current AssetsDecreases in Current Liabilities related to operations*Gains on sales or retirements Net Cash Flows from Operating Activities*Note that changes in non-operating current liabilities are included elsewhere on thestatement. For example, changes in dividends payable are combined the dividendsdeclared to calculate dividends paid in the financing section.Page 3 of 26
Revised Fall 2012Example #1Given the following information and using the indirect method prepare the Cash Flowsfrom Operating Activities section of the statement of cash flows.CashAccounts receivable (net)InventoriesPrepaid expensesAccounts payable (creditors)Salaries PayableEnd of Year 23,50084,500100,2004,97071,4005,320Beginning ofYear 1505,900(330)2,500(1,130)Net Income reported on the income statement for the current year was 134,800.Depreciation expense recorded on buildings and equipment was 27,400 for the year.Solution #1Net IncomeAdd:Decrease in prepaid expensesIncrease in Accounts PayableDepreciation ExpenseDeduct:Increase in Accounts ReceivableIncrease in InventoriesDecrease in Salaries PayableNet Cash Flows from Operating ActivitiesPage 4 of 26 3302,50027,400 4,1505,9001,130 134,80030,230165,03011,180 153,850
Revised Fall 2012Practice Problem #2Given the following information and using the indirect method prepare the Cash Flowsfrom Operating Activities section of the statement of cash flows.CashAccounts ReceivableMerchandise InventoryPrepaid ExpensesAccounts Payable (creditors)Wages PayableEnd of Year 345,000554,300693,00027,000510,00039,500Beginning ofYear 386,000567,800672,40024,000527,40036,000The net income reported on the income statement for the current year was 465,000,which included a gain on sale of investments of 3,000. Depreciation expenserecorded on store equipment for the year amounted to 99,800.Direct MethodThe direct method starts with the entire accrual-basis income statement (not just netincome) and converts it line-by-line to the cash basis. The resulting cash inflows andoutflows are the cash flows used by or provided by normal daily activities. Forexample, accrual-basis sales are converted to cash collected from customers byadding the decrease or deducting the increase in trade accounts receivable.The direct method is preferred by the FASB as it provides more useful information theusers of the financial statements. The FASB requires that, if the direct method isused, that a reconciliation of net income to net cash provided or used by operatingactivities be provided in the footnotes or as part of the statement. This reconciliationfrequently looks quite similar to the cash flow from operating activities sectionprepared using the indirect method.Page 5 of 26
Revised Fall 2012The operating activities section prepared using the direct method would appear asfollows:Cash received from customers:oSales ( decrease in A/R OR -increase in A/R)Less: payments to creditors and for expensesoCost of Merchandise Sold increase in inventories OR -decrease in inventories decrease in A/P OR -increase in A/PoOperating Expenses decrease in accrued expenses OR -increase in accrued expensesoInterest Expense decrease in interest payable OR -increase in interest payableoIncome Tax Expense decrease in income tax payable OR -increase in income tax payable Net Cash Flows from Operating ActivitiesInvesting ActivitiesInvesting Activities include events and transactions that affect long-term assets.For example, the journal entry to record the sale of land with a cost of 100,000 for 120,000 would be:Cash120,000LandGain on sale100,00020,000The effect of this transaction is to reduce long-term assets by 100,000. On thestatement of cash flows, the cash proceeds are reported as an inflow in the investingactivities section and the gain is deducted from net income in the operating activitiessection as noted above.If equipment is purchased for 75,000, the journal entry would be:EquipmentCash75,00075,000The 75,000 would be reported as a use of cash in the investing section.Page 6 of 26
Revised Fall 2012The Investing Activities section would appear as follows:Cash inflows from:Sale of Long-term Assetso Property, Plant or Equipmento Intangible assetso InvestmentsLess: Cash outflows from:Purchase of Long-term Assetso Property, Plant or Equipmento Intangible assetso Investments Net Cash Flows from Investing ActivitiesExample #2Given the following selected information, determine the net cash flows from investingactivities and the net cash flows from financing activities:a) Net income was 189,500 for the period.b) Purchased 10,000 shares of common stock at 15 per share for the treasury.c) Sold equipment with a carrying value of 32,500 at a gain of 6,000.d) Purchased land and a building worth 450,000 by signing a ten-year notepayable.e) Issued 1,000,000 in bonds at par.f) The beginning and ending retained earnings account balances were 418,000and 534,000, respectively. There were no prior period adjustments during theperiod.g) Wrote a check for 648,000 for the purchase of machinery.h) Sold long-term investments in marketable securities with a 50,000 carryingvalue, at a loss of 17,500.i) Cash dividends were declared and paid during the period.Solution #2Investing ActivitiesCash received from sale of equipment 32,000 – 6,000 Cash received from sale of investments 50,000 – 17,500 Cash paid for machineryNet cash flows from investing activitiesPage 7 of 26 38,50032,500(648,000)( 577,000)
Revised Fall 2012Financing ActivitiesFinancing Activities include events and transactions that affect long-term liabilities andequity other than net income.For example, the journal entry to record the issuance of bonds with a face value of 100,000 would be:Cash100,000Bonds payable100,000The effect of this transaction is to increase long-term liabilities by 100,000. On thestatement of cash flows, the cash proceeds are reported as an inflow in the financingactivities section.If the bonds are subsequently retired at 101, the journal entry would beLoss on retirementBonds payableCash1,000100,000101,000The effect of this transaction is to reduce long-term liabilities by 100,000. On thestatement of cash flows, the cash spent is reported as an outflow in the financingactivities section and the loss is added to net income in the operating activities sectionas noted above.Dividends paid are also included in the financing activities section. Dividends paid arenot part of the operating activities section because dividends do not appear in theincome statement. They are reported in the financing activities section because theyrelate to the equity section of the balance sheet and cash flows from changes inequity are reported in this section.Whenever the beginning balance does not equal the ending balance for dividendspayable, the dividends paid will have to be calculated using the following formula:beginningbalance dividendsdeclared-endingbalance dividendspaidIf the beginning balance equals the ending balance for dividends payable or there areno beginning and ending balances for dividends payable, then the dividends paidequals the dividends declared.Page 8 of 26
Revised Fall 2012The Investing Activities section would appear as follows:Cash inflows from:Issuing debt or equity securitieso Issuing bondso Issuing Stocks (Common and Preferred)o Reissuing Treasury Stockso Issuing other long-term debts (mortgage payable, notes payable)Less: Cash outflows from:Retiring debts, repurchasing equity securities and paying dividendso Payments to retire bondso Payments to retire other long-term debtso Payments for Dividendso Payments to purchase Treasury Stock Net Cash Flows from Financing ActivitiesAgain, Non-cash Financing and Investing Activities, such as issuing stock to retirebonds, are reported in a separate schedule that appears after the bottom of theStatement of Cash Flows.Example #3Given the following selected information, determine the net cash flows from investingactivities and the net cash flows from financing activities:a) Net income was 189,500 for the period.b) Purchased 10,000 shares of common stock at 15 per share for the treasury.c) Sold equipment with a carrying value of 32,500 at a gain of 6,000.d) Purchased land and a building worth 450,000 by signing a ten-year notepayable.e) Issued 1,000,000 in bonds at par.f) The beginning and ending retained earnings account balances were 418,000and 534,000, respectively. There were no prior period adjustments during theperiod.g) Wrote a check for 648,000 for the purchase of machinery.h) Sold long-term investments in marketable securities with a 50,000 carryingvalue, at a loss of 17,500.i) Cash dividends were declared and paid during the period.Page 9 of 26
Revised Fall 2012Solution #3Financing ActivitiesCash paid to purchase treasury stock10,000 shares x 15 Cash received from sale of bondsCash paid for dividends 418,000 189,500 - 534,000 Net cash flows from financing activities( 150,000)1,000,000(73,500) 776,500Practice Problem #3For each of the following situations indicate the items to be reported on the statementof cash flows, the section of the statement in which the item would appear and theamount.a)b)c)d)e)f)g)The board of directors declared cash dividends totaling 240,000 duringthe current year. The comparative balance sheet indicates dividendspayable of 50,000 at the beginning of the year and 60,000 at the endof the year.Office equipment, which had cost 245,000 and on which accumulateddepreciation totaled 95,000 on the date of sale, was sold for 130,000during the year.Delivery equipment, which had cost 39,000 and on which accumulateddepreciation totaled 23,000 on the date of sale, was sold for 20,000during the year.The company issued 5,000 shares of 10 par Common Stock for 50 pershare.The company purchased land with a mortgage note payable.Depreciation expense reported on the income statement was 55,000.Bonds Payable of 60,000 were retired.CashAfter the Operating, Investing and Financing sections have been completed, the Cashaccount must be analyzed. The sum of the net cash flows from each of the threeactivities sections represents the change in cash, i.e., the net cash flows for theperiod. Adding the change in cash to the beginning cash balance from the balancesheet must equal the ending cash balance on the balance sheet.Page 10 of 26
Revised Fall 2012Practice Problem #4Charlotte Company's net income last year was 91,000. Changes in the company'sbalance sheet accounts for the year appear below:CashAccounts receivableInventoryPrepaid expensesLong-term investmentsProperty, plant and equipmentAccumulated depreciation( ts payableAccrued expensesIncome taxes payableBonds payableCommon stockRetained earnings(21,000)14,00042,000(50,00020,00065,000The company did not dispose of any property, plant, and equipment, sell any longterm investments, issue any bonds payable, or repurchase any of its own commonstock during the year. The company declared and paid a cash dividend. Thebeginning and ending cash balances were 20,000 and 7,000, respectively.Required: Prepare a statement of cash flows using the indirect method.Page 11 of 26
Revised Fall 2012Practice Problem #5:Arcade Corporation's balance sheet and income statement appear below:Income StatementSalesCost of goods soldGross marginSelling and administrative expensesIncome before income taxesIncome tax expenseNet income 72345327016310732 75Balance SheetCashAccounts receivableInventoriesPlant and equipmentless: accumulated depreciationTotal AssetsAccounts payableBonds payableCommon stockRetained earningsTotal liabilities and equityEndingBalance 427754581(318) 436BeginningBalance 368058480(294) 360 232936159 436 28270602 360The company did not dispose of any property, plant, and equipment, retire any bondspayable, or repurchase any of its own common stock during the year. The companydeclared and paid a cash dividend.Required: Prepare a statement of cash flows using the indirect method.Page 12 of 26
Revised Fall 2012Sample True / False Questions1.The statement of cash flows explains how the cash balance changed during aparticular period of time.True False2.Payment of interest on a note payable is a cash flow from a financing activity.True False3.Collection of principal on a note receivable is a cash flow from financingactivities.True False4.The difference between the indirect and direct methods of cash flowdetermination only affects the determination of investing activities cash flows.True False5.Cash collected from customers is a cash flow from operating activities, whichis calculated using the indirect method in preparing the statement of cashflows.True False6.Cash flows associated with property, plant, and equipment acquisition anddisposition are reported as cash flows from investing activities.True FalsePage 13 of 26
Revised Fall 20127.Cash flows associated with issuance and retirement of long-term debt andequity are reported as cash flows from investing activities.True False8.Under the indirect method, an increase in accounts receivable during the yearwill be added to net income.True False9.Under the indirect method, depreciation expense is added to net income,because it decreases net income but doesn't consume a cash flow.True False10. Under the indirect method, a decrease in inventory is deducted from netincome, because inventory purchases are less than cost of goods sold.True False11. Under the indirect method, an increase in prepaid expenses is deducted fromnet income, because the cash prepayments exceed the related expenses.True False12. When a company purchases equipment using common stock, the equipmentpurchase is reported as a financing activity.True False13. When a company sells equipment for cash at a loss, cash flows from investingactivities decreases.True False14. Amortization of a patent reduces cash flows from investing activities.True False15. When a company both borrows 150 million during the year and repays 120million of notes, the company can disclose the 30 million net amount asexcess of borrowings over repayments in the financing activities section.True False16. Cash flows from financing activities include those cash flows with respect toissuing and retiring long-term debt and equity.True False17. Cash flows from financing activities include those cash flows with respect topaying previously declared dividends.True FalsePage 14 of 26
Revised Fall 201218. Wish Corporation acquired a computer for 15,000 and paid for it in full byissuing 1,000 shares of its own common stock, par 10 (current market price 15 share). This transaction should not be reported on the statement of cashflows because cash was neither paid out nor received.True False19. Most companies use the direct method for disclosing their cash flows fromoperating activities rather than the indirect method.True False20. When accrued liabilities increase from the beginning to the end of the year, itmeans accrued expenses were greater than cash payment of such expensesso the increase would be added to net income to convert to cash flow fromoperating activities under the indirect method.True FalsePage 15 of 26
Revised Fall 2012SAMPLE MULTIPLE CHOICE QUESTIONS1.If a loss of 15,000 is incurred in selling (for cash) office equipment having abook value of 50,000 the total amount reported in the cash flows frominvesting activities section of the statement of cash flows is:a) 22,000b) 78,000c) 35,000d) 15,0002.Land costing 78,000 was sold for 100,000 cash. The gain on the sale wasreported on the income statement as other income. On the statement of cashflows, what amount should be reported as an investing activity from the saleof the land?a) 22,000b) 78,000c) 100,000d) 178,0003.On the statement of cash flows, the cash flows from operating activitiessection would include:a) Receipts from interest on short-term notes receivableb) Receipts from the issuance of capital stockc) Payments for the acquisition of investmentsd) Payments for cash dividends4.A business issues 20-year bonds payable in exchange for preferred stock.This transaction would be reported on the statement of cash flows in:a) The cash flows from investing activities sectionb) The cash flows from operating activities sectionc) The cash flows from financing activities sectiond) A separate schedule5.A statement of cash flows would not disclose the effects of which of thefollowing transactions?a) Purchase of treasury stockb) Bonds payable exchanged for capital stockc) Stock dividends declaredd) Capital stock issued to acquire plant assetsPage 16 of 26
Revised Fall 20126.Depreciation on factory equipment would be reported in the statement of cashflows prepared by the indirect method in:a) The cash flows from financing activities sectionb) The cash flows from investing activities sectionc) The cash flows from operating activities sectiond) A separate schedule7.Which of the following would be classified as an operating activity?a) Payment of a cash dividendb) Sale of equipmentc) Making a loan to another entityd) Payment of interest8.Which of the following is not an operating activity?a) Payment of taxesb) Dividends receivedc) Payment of a cash dividendd) Payment to suppliers9.The change in accumulated depreciation on factory equipment would bereported in the statement of cash flows prepared by the indirect method in:a) The cash flows from financing activities sectionb) The cash flows from investing activities sectionc) The cash flows from operating activities sectiond) Not reported as it is not a cash flow10. The indirect method of preparing the statement of cash flows begins witha) Collections from customersb) Cash salesc) Net incomed) Beginning Cash Balance11. Under the indirect method of preparing the statement of cash flows, anincrease in accounts receivable is:a) Added to net salesb) Deducted from net salesc) Added to net incomed) Deducted from net incomePage 17 of 26
Revised Fall 201212. Under the indirect method of preparing the statement of cash flows, which ofthe following is added to net income in the operating activities section?a) Gain on sale of equipmentb) Depreciation expensec) Increase in accounts receivabled) Decrease in accounts payable13. Under the indirect method of preparing the statement of cash flows, which ofthe following is deducted from net income in the operating activities section?a) Gain on sale of landb) Amortization expensec) Decrease in inventoryd) Increase in wages payable14. Assume a company sold a piece of equipment for 3,000. The original costwas 15,000 and the accumulated depreciation prior to the sale was 10,000.What amount, if any, would appear in the operating activities section of thestatement of cash flows using the indirect method?a) 0b) 2,000c) 3,000d) 15,00015. Which of the following would be classified as a financing activity?a) Purchase of treasury stockb) Receipt of dividendsc) Sale of an investment in bondsd) Purchase of a Patent16. Bonds with a face value of 800,000 and interest rate of 8% are issued at 105on January 2, 2002. The bonds pay interest semiannually on January 1 andJuly 1 and mature in 5 years. What is the total interest expense in 2002?a) 32,000b) 56,000c) 64,000d) 72,000Page 18 of 26
Revised Fall 201217. Samson Enterprises issued a ten-year, 20 million bond with a 10% interestrate for 19,500,000. The entry to record the bond issuance would have whateffect on the financial statements?a) Increase assetsb) Increase liabilitiesc) Increase equityd) a) and b)18. Megginson, Inc. issued a five-year corporate bond of 300,000 with a 5%interest rate for 330,000. What effect would the bond issuance have onMegginson, Inc.'s accounting equation?a) Increase assets and liabilitiesb) Increase and decrease assetsc) Increase assets and equityd) Increase and decrease liabilities19. Which of the following would be classified as an investing activity?a) Purchasing an investment in bondsb) Payment of a dividendc) Issuing Common Stockd) Payment of interest20. According to the comparative balance sheet, the balance of the DividendsPayable account at the beginning and end of the year was 54,000 and 52,500 respectively. The Retained Earnings Statement indicates that 80,000 in dividends was declared during the year. What amount ofdividends was paid out during the year?a) 80,000b) 54,000c) 78,500d) 81,500Page 19 of 26
Revised Fall 201221. Given the following information and using the indirect method, calculate thecash flows from operating activities.End of BeginningYearof YearCash 38,500 44,200Accounts receivable (net)79,20068,800Inventories90,70081,100Prepaid expenses4,5006,500Accounts payable65,00072,800Salaries Payable5,9005,400Net Income reported on the Income Statement for the current year was 115,000, which included a loss on sale of land of 8,000. Depreciationrecorded on office equipment for the year amounted to 48,000.a) 129,700b) 137,700c) 144,700d) 145,70022. A corporation issued 2,000,000 of 20-year bonds for cash at 108. Howwould this transaction be reported in the statement of cash flows?a) 2,000,000 inflow in cash flows from financing activitiesb) 2,000,000 inflow in cash flows from investing activitiesc) 2,160,000 inflow in cash flows from financing activitiesd) 2,160,000 inflow in cash flows from investing activitiesPage 20 of 26
Revised Fall 2012Solutions to Practice ProblemsPractice Problem te ScheduleFinancingPractice Problem #2Net IncomeAdd:Depreciation ExpenseDecrease in accounts receivableIncrease in wages payableDeduct:Gain on sale of investmentsIncrease in InventoriesIncrease in prepaid expensesDecrease in Accounts PayableNet Cash Flows from Operating ActivitiesPage 21 of 26 99,80013,5003,500 3,00020,6003,00017,400 465,000116,800581,80011,180 537,800
Revised Fall 2012Practice Problem #3a)b)c)d)e)f)g)Dividends Payable50,000X 240,00060,00050,000 240,000 – X 60,000X 230,000 dividends paid in Financing sectionInvesting Inflow of 130,000Book Value: 245,000 – 95,000 150,000Loss of 20,000 is reported in the Operating Activity Section andis added back to net incomeInvesting Inflow of 20,000Book Value: 39,000 – 23,000 16,000Gain of 4,000 is reported in the Operating Activity Section and isdeducted from net incomeFinancing Inflow of 250,000Separate Schedule 55,000 is reported in the Operating Activity section and is addedback to net incomeFinancing Outflow of 60,000Page 22 of 26
Revised Fall 2012Practice Problem #4Operating Activities:Net incomeAdjustments for non-cash effects:Depreciation expenseAdjustments for changes in current assets andliabilities:Increase in accounts receivableIncrease in inventoriesDecrease in prepaid expensesDecrease in accounts payableIncrease in accrued liabilitiesIncrease in income taxes payableNet cash flows from operating activitiesInvesting Activities:Purchase of long-term investmentsPurchase of property, plant and equipmentNet cash flows from investing activitiesFinancing Activities:Retirement of bonds payableCash dividends paidIssuance of common stockNet cash flows from financing activitiesNet Change in CashBeginning cash balanceEnding cash balancePage 23 of 26 000133,000(30,000)(60,000)(90,000)( 50,000)(26,000)20,000(56,000) (13,000)20,000 7,000
Revised Fall 2012Practice Problem #5Operating Activities:Net incomeAdjustments for non-cash effects:Depreciation expenseAdjustments for changes in current assets andliabilities:Decrease in accounts receivableDecrease in inventoriesDecrease in accounts payableNet cash flows from operating activitiesInvesting Activities:Purchase of property, plant and equipmentNet cash flows from investing activitiesFinancing Activities:Cash dividends paidIssuance of bondsIssuance of common stockNet cash flows from financing activitiesNet Change in CashBeginning cash balanceEnding cash balancePage 24 of 26 75 2434(5)2101(101)(101)(18)2316636 42
Revised Fall 2012Solutions to True / False .18.19.20.TrueFalse - Interest payments are operating cash flows.False - Cash flows associated with lending activities are investing cashflows.False - The direct and indirect methods are options with respect todetermining operations cash flows.False - The direct method calculates cash collected from customers.TrueFalse - Cash flows associated with issuance and retirement of long-termdebt and equity are reported as cash flows from financing activities.False - Under the indirect method, an increase in accounts receivableduring the year will be deducted from net income, because sales weregreater than cash collections.TrueFalse - A decrease in inventory is added to net income, becauseinventory purchases are less than cost of goods sold.TrueFalse - Purchasing equipment using common stock doesn't involve acash flow and is therefore not reported within the investing or financingsection of the cash flow statement.False - Investing cash flows increase by the selling price of theequipment.False - Patent amortization is a noncash expense and therefore doesn'taffect cash flows.False - Borrowing related cash inflows and outflows should beseparately reported and not netted.TrueTrueFalse - Noncash investing and financing activities are reported as asupplement to the statement of cash flows.False - Most companies use the indirect method.TruePage 25 of 26
Revised Fall 2012Solutions to Multiple Choice .18.19.20.21.22.CCADCCDCDCDBABABDAADDCPage 26 of 26
above, the cash inflows and outflows are divided into three sections plus a cash section based on the balance sheet accounts underlying the cause or nature of the cash flows. Investing and financing activities that do not involve cash are presented in a separate schedule. Cash Flow Statement Section Balance Sheet Accounts
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E5-13 Statement of cash flows—classifications. Moderate 15–20 E5-14 Preparation of a statement of cash flows. Moderate 25–35 E5-15 Preparation of a statement of cash flows. Moderate 25–35 E5-16 Preparation of a statement of cash flows. Moderate 25–35 E5-17 Preparation of a statement of cash flows and a statement of financial position.
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Consolidated Statement of Cash Flows INTRODUCTION This lecture assumes that you are familiar with individual entity's statement of cash flows. The group statement of cash flows has further three elements: 1. Cash paid to NCI (i.e. dividends paid to NCI) 2. Cash received from associates (i.e. dividends received etc.) 3.
Presentation of a statement of cash flows 10 The statement of cash flows shall report cash flows during the period classified by operating, investing and financing activities. 11 An entity presents its cash flows from operating, investing and financing activiti
