Shared Flashcard Set

Details

Statement of cash flows
N/A
27
Accounting
Undergraduate 2
02/08/2012

Additional Accounting Flashcards

 


 

Cards

Term
issuance of long term debt
Definition
financing activities
Term
purchase of treasury stock
Definition
financing activities
Term
purchase of long term investments
Definition
investing activities
Term
purchase of equipment
Definition
investing activities
Term
issuing of preferred stock
Definition
financing activities
Term
depreciation expense on trucks
Definition
operating activities
Term
amoritzation of bond premium
Definition
operating activities
Term
payment of cash dividends
Definition
financing activities
Term
common stock -credit for dividend issued
Definition
not reported
Term
accounts receivable-net increase
Definition
operating activities
Term
investments-credit for sale at book value
Definition
investing activities
Term
merchandise inventory - net decrease
Definition
operating activities
Term
treasury stock-debit for net loss
Definition
operating activities
Term
equipment-debit for purchase of cash
Definition
investing activities
Term
retained earnings-debit for cash dividends paid
Definition
not reported
Term
income tax payable-net decrease
Definition
operating activities
Term
bonds payable
Definition
financing activities
Term
amortization expense
Definition
added to net income
Term
decrease in inventories
Definition
added to net income
Term
decrease in accounts payable
Definition
deducted from net income
Term
buildings purchased with issuance of bonds payable
Definition
not reported
Term
bonds payable issued for cash
Definition
not reported
Term
gain on redemption for long term debt
Definition
not reported
Term
statement of cash flows is used by
Definition
managers, investors and creditors.
Term
step 1
Definition
add depreciation
Term
step 2
Definition
add or deduct gain or sell of land
Term
step 3
Definition
add or deduct changes in current assets and liabilities
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