29. Matching - 9 points

Matching Listed below are the terms and associated definitions from the chapter. Match the correct definition letter with each term number.

___ 1. Articulation	a. an approach to calculating and reporting cash flow from operating activities that reconciles net income with operating cash flow b. includes transactions and events that normally enter into the determination of net income, including interest and taxes c. primarily includes purchases and sales of noncurrent assets such as land, buildings, and nontrading financial instruments d. an example is the purchase of land by issuing stock e. a forecast or projection of the amounts that will be in the cash flow statement in a future period f. one of the three primary financial statements, separated into operating, investing, and financing activities g. an approach to calculating and reporting cash flow from operating activities that itemizes the major operating cash receipt and cash payment categories h. three primary financial statements are not isolated lists of numbers but are an integrated set of reports on a companys financial health i. includes transactions and events whereby cash is obtained from or repaid to owners and creditors
___ 2. direct method
___ 3. financing activities
___ 4. indirect method
___ 5. investing activities
___ 6. noncash investing and financing activities
___ 7. operating activities
___ 8. pro forma cash flow statement
___ 9. statement of cash flows

20-23. On June 30, 2012, Smith Company discounted a customer's $180,000, 6-month, 10 percent note receivable dated April 30, 2016. A discount rate of 12 percent was charged by the bank. Smith's proceeds from this discounted note would be

a. $169,200.

b. $172,800.

c. $181,440.

d. $185,220.

e. None of the above

21. Record the journal entry on Smith Companys books for the creation of the note receivable from the customers account receivable.

22. Record the journal entry on Smith Companys books when it is discounted at the bank.

23. What type of account is the Smith Company Note Receivable (A, L, OE, R, Expense) ? ___________________