Complete the following problems and cases in the textbook:Problem 11-1Problem 11-2Problem...

Question

Complete the following problems and cases in the textbook:

Problem 11-1
Problem 11-2
Problem 11-3
Problem 11-4
Case 11-2

Submit your assignment as an Excel file with one problem or case per worksheet.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

rubricprintformat-jhmn52q4.xlsx chapter11-y0hjjnob.pdf

Riddhi · Accepted Answer

Problem 11-1
	Cash generated from sales
	Net cash flow from operations	Net Income + decrease in accounts receivable - increase in accounts receivable 
	Particulars	Amt
	Sales of 2010	8,337,000
	(-) Increase in accounts receivable	130,000
	Cash generated from sales during 2010	8,467,000
Problem 11-2
	1	Purchase of equipment for cash worth $20,00,000 shall be considered an investing activity 
		A 12-month note worth $20,00,000 received for cash shall be considered financing activity.
	2	Mortgage bonds retired for cash is financing activity 
		Issuance of 1,50,000 common stock for cash is also financing activity
	3	No effect on cash flow for purchase of inventory on account
	4	No effect on cash flow for declaration of dividend on outstanding shares
	5	Piece of machinery sold for cash of $15,00,000 shall be an investing activity
	The above answers are assuming direct method of accounting cash flow statement.
Problem 11-3
	Kids 'n Caboodle 
	Cash Flow statement
	Particulars	Amount	Amount
	Cash Flow from operating activity
	Cash Sales	155,000
	(-) Cash used in purchases	-84,

Complete the following problems and cases in the textbook: Problem 11-1 Problem 11-2 Problem 11-3 Problem 11-4 Case 11-2 Submit your assignment as an Excel file with one problem or case per worksheet....

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