(13) 3. Prepare the cash flows from investing activities section of the statement of cash flows. (1-4) 5. Prepare a statement of cash flows. (5-8)

In preparing the Cash Flows from Investing Activities section of the statement of cash flows, which type of account is analyzed for changes?

Long-term assets

Which of the following would appear in the Cash Flows from Investing Activities section of the statement of cash flows?

Purchase of land for cash

The following selected data are from a recent statement of cash flows: Net cash flow from operating activities $ 35,000 Net cash flow used for investing activities (20,000) Net cash flow used for financing activities 60,000 Ending cash balance 45,000 What was the ending cash balance?

$45,000 + ($35,000 − $20,000 + $60,000) = $45,000 + $75,000 = $120,000

Given the following framework for the statement of cash flows, what is missing? Cash flows from operating activities $XXX Cash flows from investing activities XXX Change in cash $XXX Beginning cash balance XXX Ending cash balance $XXX

Cash flows from financing activities

On the statement of cash flows, which of the following cash flow elements should be presented immediately after the net cash flow from operating activities?

Cash flows from investing activities

Which of the following would not appear in the Cash Flows from Investing Activities section of the statement of cash flows?

Cash paid to retire bonds, $2,000

Which of the following is not a cash flow element that would be found on the statement of cash flows?

Free cash flow

The following information is available from the land account Opening balance $270,000 Sold for $200,000 cash 170,000 credit entry Purchased for $120,000 cash 120,000 debit entry Ending balance 220,000 Items in the Investing Activities section of the statement of cash flows should include

cash paid for purchase of land, $(100,000) 270,000 - 170,000