Statement For the Year Ended December 31, 2011 (000s) Cash Flows From Operating Activities Net Income 397 Depreciation and amortization 318 Unrealized gain on marketable securities Decrease (increase) in deferred taxes (12) Balance Sheet (44) As of December 31, 2011 (000s) Net increase (decrease) in receivables, inventories, prepaids, payables Total Cash Flows From Operating Activities Assets Cash Cash Flows From Investing Activities (97) 562 Liabilities 481
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1. In the statement of cash flows, increases in a company's capital stock accounts are treated as a "use" rather than as a "source" of cash. FALSE 2. Which of the following would be considered a "use" of cash for purposes of constructing a statement of cash flows? A. an increase in accounts payable. B. an increase in prepaid expenses. C. an increase in accrued liabilities. D. an increase in accumulated depreciation. 3. In a statement of cash flows, a change in prepaid expenses would
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statement of financial position”’. Leases are a common financial tool used by many businesses and individuals on a daily basis to transfer the ownership of many different types of assets. Creditors are largely involved with many leases and company balance sheets as they are always interested in making valued judgements of their financial position with the current leasing disclosure requirements providing some discrepancies for creditors in making these risk evaluations. These issues surrounding the treatment
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accounts. We will explore this important part of the reporting process in this part of the case. 1) Find the “as reported” financial statements in General Mills’s 10-K filing (in the pdf file). Compare the results with the Financial Statements sheet in Building eVal4.xls. Now compare the “as reported” financial statements with the version found at finance.yahoo.com shown in exhibit 1. How do the different versions of the financial statements compare? What has been lumped together with what
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basic financial statements include; income statement, statement of retained earnings, balance sheet and statement of cash flows. The income statement “presents the revenues and expenses and resulting net income or net loss of a company for a specific period of time” (Weygandt p. 21). The retained earnings statement “summarizes the changes in retained earnings for a specific period of time” (Weygandt p. 21). The balance statement “reports the assets, liabilities, and stockholders’ equity of a company
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Application of Financial Statement Strayer University A balance sheet is a financial statement that reports the assets, liabilities, and stockholder’s equity at a specific point in time. The balance sheet is like a snapshot of the financial condition of a company. The asset section lists everything that the company owns, such as cash, inventory, accounts receivable, and long-term assets such as property, land or equipment. The asset section helps analysts, investors, and creditors understand
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EXERCISES 1. Rockwell Paper Company had earnings after taxes of $580,000 in the year 2003 with 400,000 shares of stock outstanding. On January 1, 2004 the firm issued 35,000 new shares. Because of the proceeds from these new shares and other operating improvements, earnings after taxes increased by 25 percent. a. Compute earnings per share for the year 2003. b. Compute earnings per share for the year 2004. ................................................................................
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to accrue a liability of $3.7 million. Subsequent Events are Events or transactions that occur after the balance sheet date but before financial statements are issued or are available to be issued. There are two types of subsequent events: a. The first type consists of events or transactions that provide additional evidence about conditions that existed at the date of the balance sheet, including the estimates inherent in the process of preparing financial statements (that is, recognized subsequent
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divided between on–balance sheet activities and off–balance sheet activities. The off–balance sheet activities consist primarily of fee-based activities for services rendered that do not create an asset or a liability. These create no problem for the cash flow presentation because they appear on the income statement and flow directly through the operating section of the cash flow statement. The major problems are created by activities that have significant impact on the balance sheet. They are: 1) managing
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structure Pro forma income statement Profitability analysis and Break-Even Point analysis Pro forma balance sheet and financial need assessment 1 Business Plan Financial feasibility Pro forma balance sheet and financial need assessment: • Pro forma balance sheet • Financial needs assessment • Sources of funds 2 Pro forma balance sheet - Structure RECLASSIFIED BALANCE SHEET 1) CONVERTIBILITY INTO CASH / MATURITY DATE Assets Liabilities and shareholders’ equity time
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