115) In what way is free cash flow different from net cash flows as shown on a cash flow statement?
116) Classify each of the following as an operating, investing, or financing activity.
a.Loaning money
b.Receiving cash from customers
c.Receiving interest revenue
d.Payments for inventory
e.Payments for interest
f.Receipt of cash from issuance of bonds payable
g.Receipt of cash from sale of equipment
h.Payments for acquisition of land
i.Receipt of cash from issuance of stock
j.Receipt of dividend income
k.Dividends paid to shareholders
l.Payment of salaries to employees
m.Payment of taxes
117) Given the following information for Cat Castle Incorporated prepare their statement of cash flows for December 31, 2011.
December 31, 2011.
2011*2010*
Cash375250
Accounts receivable8575
Interest receivable56
Inventory8095
Prepaid Expenses4810
Long Term - Note
receivable90125
Property, plant and
Equipment325330
(net of depreciation)
Accounts payable3320
Accrued liabilities4556
Common Shares825755
Retained Earnings10560
Net income50
Depreciation expense2
Gain on sale of property1.5
* in 000s