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Universities » Miami University (MU) » ACC - Accountancy » 221 - Intro To Financial Account.. » Flash Cards

cash flow - Flashcards

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Class:ACC 221 - Intro To Financial Accounting
Subject:Accountancy
University:Miami University-Oxford
Term:Fall (First Sem) 2010
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      Mode:   CARDS LIST       ? pages   PRINT EXIT
Issuance of Common Stock Source >>>Financing Activity
• Issuance of Note payable Long-term source >>> Financing Activity
Buy Land USE >>>> INVESTING ACTIVITY
Buy Equipment USE >>>>>>>> INVESTING ACTIVITY
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Paying Dividends to Stockholders USE >>>>>> FINANCING ACTIVITY
Buy Supplies USE >>>>> OPERATING ACTIVITY
Pay Rent USE >>>>> OPERATING ACTIVITY
Pay Wages USE >>>>> OPERATING ACTIVITY
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Collect Revenue SOURCE>>>>> OPERATING ACTIVITY
Pay Interest to bank USE >>>>> OPERATING ACTIVITY
Depreciation SOURCE>>>>> OPERATING ACTIVITY
• Asset Line Items—Rules for assigning an S or a U to the change Decreases Source of cash Increases Use of cash
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• Liability and Equity Line Items—Rules for assigning an S or a U to the change Increases Source of cash Decrease >>>> Use
Operating Activities cash in and out flows resulting from transactions affecting Net Income, revenue or expense accounts
Contra-Asset Line Items—Rules for assigning an S or a U to a change increases (becomes more negative) Source of Cash o decreases (becomes less negative Use of Cash
Investing Activities cash in and out flows resulting from the purchase or sale of long-lived productive assets (primarily fixed assets)
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Financing Activities: cash in and out flows resulting from transactions with owners, or borrowing on notes/bonds/mortgages etc. from creditors
TREASURY STOCK USE>>>>>> financing activity
merchandise inventory operating
PrePaid Insurance operating
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gain/loss on sale of land *one in equity gain U<<>>>>LOSS S>>>>>>Operating
Sell land source and investment
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 Issuance of Common Stock Source >>>Financing Activity
 • Issuance of Note payable Long-term source >>> Financing Activity
 Buy Land USE >>>> INVESTING ACTIVITY
 Buy Equipment USE >>>>>>>> INVESTING ACTIVITY
 Paying Dividends to StockholdersUSE >>>>>> FINANCING ACTIVITY
 Buy SuppliesUSE >>>>> OPERATING ACTIVITY
 Pay RentUSE >>>>> OPERATING ACTIVITY
 Pay WagesUSE >>>>> OPERATING ACTIVITY
 Collect RevenueSOURCE>>>>> OPERATING ACTIVITY
 Pay Interest to bank USE >>>>> OPERATING ACTIVITY
 Depreciation SOURCE>>>>> OPERATING ACTIVITY
 • Asset Line Items—Rules for assigning an S or a U to the change Decreases Source of cash
Increases Use of cash
 • Liability and Equity Line Items—Rules for assigning an S or a U to the change Increases Source of cash
Decrease >>>> Use
 Operating Activitiescash in and out flows resulting from transactions affecting Net Income, revenue or expense accounts
 Contra-Asset Line Items—Rules for assigning an S or a U to a changeincreases (becomes more negative) Source of Cash
o decreases (becomes less negative Use of Cash
 Investing Activitiescash in and out flows resulting from the purchase or sale of long-lived productive assets (primarily fixed assets)

 Financing Activities: cash in and out flows resulting from transactions with owners, or borrowing on notes/bonds/mortgages etc. from creditors
 TREASURY STOCK USE>>>>>> financing activity
 merchandise inventory operating
 PrePaid Insurance operating
 gain/loss on sale of land *one in equitygain U<<>>>>LOSS S>>>>>>Operating
 Sell land source and investment
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