Listed below are several transactions that typically produce either an increase or a to decrease in cash. Indicate by letter whether the cash impact of every transaction is reported on a explain of cash flows as an operating (O), investing (I), or financing (F) activity.

You are watching: Portions of the financial statements for myriad products are provided below.


Determine the amount of cash received from customers because that each of the three independent instances below. Every dollars are in millions.
Determine the lot of cash payment to service providers of merchandise because that each of the nine independent cases below. Every dollars space in millions.
Determine the amount of cash paid to carriers of merchandise for each the the ripe independent cases below. All dollars space in millions. (photo explanation)
Determine the quantity of cash paid to bondholders for bond interest for every of the 6 independent cases below. All dollars space in millions.
Determine the lot of cash paid for revenue taxes in each of the nine independent instances below. Every dollars space in millions.

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Determine the lot of cash payment for income taxes in every of the ripe independent cases below. Every dollars are in millions.(Explanation picture of vault flashcard)
In ready for developing its statement of cash flows for the year finished December 31, 2021, rapid Pac, Inc., built up the adhering to information:Fair worth of share issued in a stock dividend $65Payment because that the beforehand extinguishment of irreversible bonds (book value: $97 million) 102Proceeds native the revenue of treasury share (cost: $17 million) 22Gain on revenue of floor 4Proceeds from revenue of land 12Purchase that Microsoft typical stock 160Declaration the cash dividends 44Distribution of cash dividends asserted in 2020 40In quick Pac"s explain of cash flows, what were network cash inflows (or outflows) native investing tasks for 2021?
In ready for emerging its explain of cash flows for the year finished December 31, 2021, quick Pac, Inc., built up the adhering to information:Fair worth of share issued in a stock dividend $65Payment for the early extinguishment of irreversible bonds (book value: $97 million) 102Proceeds native the sale of treasury stock (cost: $17 million) 22Gain on revenue of land 4Proceeds from revenue of floor 12Purchase that Microsoft common stock 160Declaration of cash dividend 44Distribution of cash dividends asserted in 2020 402. In quick Pac"s declare of cash flows, what were network cash inflows (or outflows) native financing activities for 2021?
The audit records the EZ Company noted the data below.Net revenue $50,000Depreciation price 7,000Increase in inventory 1,500Decrease in salaries payable 800Decrease in accounts receivable 2,000Amortization the patent 500Amortization the premium on bond 1,000Increase in account payable 4,000Cash dividends paid 12,000Prepare a reconciliation of net revenue to net cash operation from operating activities.
Portions the the financial statements because that Myriad products are listed below.MYRIAD commodities COMPANYIncome Statement because that the Year finished December 31, 2021($ in millions)Sales $660Cost of products sold 250 pistol margin 410Salaries expense $110Depreciation price 90Amortization expense 5 Interest expense 20 lose on sale of soil 3 228Income before taxes 182Income tax expense 91Net earnings $91MYRIAD assets COMPANYSelected account from compare Balance SheetsDecember 31, 2021 and also 2020($ in millions) Year 2021 2020 ChangeCash $102 $100 $2Accounts receivable 220 232 (12)Inventory 440 450 (10)Accounts payable 140 134 6Salaries payable 80 86 (6)Interest payable 25 20 5Income taxation payable 15 10 5Prepare the cash operation from the operating tasks section of the statement of cash flows because that Myriad Products company using the straight method
Portions of the financial statements because that Myriad commodities are detailed below.MYRIAD assets COMPANYIncome Statement because that the Year finished December 31, 2021($ in millions)Sales $660Cost of products sold 250 pistol margin 410Salaries cost $110Depreciation expense 90Amortization cost 5 Interest expense 20 loss on revenue of land 3 228Income prior to taxes 182Income tax expense 91Net earnings $91MYRIAD assets COMPANYSelected accounts from to compare Balance SheetsDecember 31, 2021 and also 2020($ in millions) Year 2021 2020 ChangeCash $102 $100 $2Accounts union 220 232 (12)Inventory 440 450 (10)Accounts payable 140 134 6Salaries payable 80 86 (6)Interest payable 25 20 5Income taxation payable 15 10 5Prepare the cash flows from the operating activities section of the declare of cash flows for Myriad Products company using the Indirect method
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