会计英语4,8,9章练习题.doc

Chapter 4 statement of cash flow 1.The net income of the ZY Company for 1999 was $260000. Additional data available relative to activities for the year are given below: A. Depreciation expenses for the year, $90000; B. gains on sale of machinery used in operations was $2400; C. Accounts receivable increased by $2000; D. Accounts payable increased by $8400; E. Patent amortization for the year was $14800; Required Prepare the cash flows from operating activities section of a statement of cash flows under the indirect method. Cash flows from operating activities: Net income …………………………………………………………… $260000 Adjustment for non cash revenue and expenses: expenses not requiring cash Add depreciation 90000 Patent amortization 14800 cash change not from operations deduct gains on sale of machinery 2400 Current liabilities changes: Deduct Accounts receivable increase 2000 Add Accounts payable increase 8400 Cash flows from operating activities $368800 1.Purchased material ,$200, and equipment, $3100，paid cash. 2.Paid cash to acquire land, $ 27000 3.Performed service for a customer and received cash $16000 4.Issued common stock and received $39000 cash 5.Prepaid insurance $1200 for next 12months 6.Paid cash for employee salary $ 2400 7.Acquire a long-term loan from bank $40000 8.Paid $5000 for cash dividend 10.Gains on sale of equipment of $3000 Calculate cash flow from operations, financing and investing. 12200,-27100,74000 Chapter 8 accounts receivable 1.T/F An account receivable that has been determined to be uncollectible is still an asset.(F) We should debit bad debts expense and credit allowance for doubtful accounts for write off bad debts.(F) Allowance for doubtful accounts is contra-asset account that offsets account receivable.(T) Gross accounts receivable appears on the balance sheet.(F) When we write off a w