Statement of Cash Flows: Understanding Coca-Cola's Cash Receipts and Payments, Assignments of Financial Accounting

Download Statement of Cash Flows: Understanding Coca-Cola's Cash Receipts and Payments and more Assignments Financial Accounting in PDF only on Docsity! Doug Carlin Acc 212 Sec C Ch 11 and Ch 12 Tentative Schedule of Assignments ACC 212 (Evenings) Date Chapter Readin g Questio ns Exercise s Problems Cases- Internet 13 4/8/02 11 515-516 11 FSC 1 12 541-556 1,2,3 1,2,3 557-563 8 Ch 11 E11-11) 1 Retained earnings balance at the year end 19X7 was 11,006 and 12,882 at year end 19X8. Coca-Cola reports this on the balance sheet. Yes, 19X8 was a profitable year with an increase of 1, 876. 2 It received 76 in cash. You would find this on the statement of cash flows. 3 The market value of Coca-Cola’s available for sale investments decreased during 19X8 by 342. 4 Coca-Cola paid 1796 to purchase treasury stock during the year 25.86. FSC1 The Gap’s net sales and income up for the three years presented on the income statement. The net income is the most important because they directly affect the dividends issued. Ch 12 12-1) The statement of cash flows reports the entity’s cash flows—cash receipts and cash payments during the period. 12-2) The four purposes of the statement of cash flows are to predict future cash flows, to evaluate management decisions, to determine the company’s ability to pay dividends to stockholders and interest and principal to creditors, and to show the relationship of net income to the business’s cash flow. 12-3) The three types of activities that are reported on the statement of cash flow are Operating activities (which create revenues and expenses, gains and losses), Investing activities (which increase and decrease the business’s long-term assets) and Financing activities (which are obtained from investors and creditors the cash needed to launch and sustain the business). E12-1) Memo: The statement of cash flows reports the entity’s cash flows—cash receipts and cash payments—during a period. It shows where cash came from and how it was spent. It explains the causes of the change in cash balance. If the income is being spent faster than shows up in the business’s net income statement then the company can still be growing yet also going into bankruptcy. E12-2) A O K O B F L F C NIF M O D F N NIF E F O F F O P NIF G F Q F H O R O I F S F J N E12-3) Statement of Cash Flows Year