Questions from General Accounting

Q: If a company reports positive net income for the year, can

If a company reports positive net income for the year, can it also show a net cash outflow from operating activities? Explain.

Q: Refer to Apple’s statement of cash flows in Appendix A.

Refer to Apple’s statement of cash flows in Appendix A. (a) Which method is used to compute its net cash provided by operating activities? (b) Its balance sheet shows an increase in...

Q: Refer to Google’s statement of cash flows in Appendix A. What

Refer to Google’s statement of cash flows in Appendix A. What are its cash flows from financing activities for the year ended December 31, 2013? List the items and amounts. Google&a...

Q: Explain why writing off a bad debt against the Allowance for Doubtful

Explain why writing off a bad debt against the Allowance for Doubtful Accounts does not reduce the estimated realizable value of a company’s accounts receivable.

Q: Refer to Samsung’s statement of cash flows in Appendix A. What

Refer to Samsung’s statement of cash flows in Appendix A. What investing activities result in cash outflows for the year ended December 31, 2013? List items and amounts. Samsung&aci...

Q: What are some investing activities reported on the statement of cash flows

What are some investing activities reported on the statement of cash flows?

Q: Assume that a company purchases land for $1,000,

Assume that a company purchases land for $1,000,000, paying $400,000 cash and borrowing the remainder with a long-term note payable. How should this transaction be reported on a statement of cash flow...

Q: Vodafone Group Plc reports the following information among its bonds payable as

Vodafone Group Plc reports the following information among its bonds payable as of March 31, 2013 (pounds in millions). a. What is the par value of the 4.625% bond issuance? What is its book (carryi...

Q: Refer to the information in QS 14-19 for Vodafone Group

Refer to the information in QS 14-19 for Vodafone Group Plc. The following price quotes (from Yahoo! Finance Bond Center) relate to its bonds payable. The price quote indicates that the 4.625% bonds h...

Q: Using the bond details in QS 14-2, confirm that

Using the bond details in QS 14-2, confirm that the bonds’ selling price is approximately correct (within$100). Use the present value tables B.1 and B.3 in Appendix B. Bond Details...