IMG0118

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School
University of Phoenix **We aren't endorsed by this school
Course
ACCOUNTING ACC 290T
Subject
Finance
Date
Oct 23, 2023
Pages
1
Uploaded by CaptainAardvarkMaster902 on coursehero.com
i Xe I.Y\V/ IV, FoYo W @ Yo ¢ oo > 840% @ ) B I fleducam u Parker Company is preparing to do an initial public offering (IPO) of its shares next year. Parker knows that investors use a company's earnings per share (EPS) in their valuation models to determine how much an IPO company's shares are worth. Parker's founders, Candace Leslie and Lisa Bonner, are eager for this IPO to do well so that their many years of work will be validated in the stock market. Here are some data from Parker Company's financial statements. Inventory Accounts Payable Number of shares outstanding Capital Stock (also called Paid-in Capital) Accounts Receivable Cash Retained Earnings Net Income Building Loans Payable Which items are used to compute Parker's earnings per share (EPS)? Cash, inventory, accounts receivable, building, and number of shares outstanding Net income, capital stock, retained earnings, and number of shares outstanding Cash, net income, and number of shares outstanding ( Net income and number of shares outstanding J FEEDBACK 11/11 (100.0%) v u Katie Fowles is beginning her study of the statement of cash flows. She understands the basic idea: a statement of cash flows reports the amount of cash collected and the amount of cash paid during the period. However, she doesn't understand why there are three different sections in the statement of cash flows. In particular, she wants to correctly classify the activities that are part of the day-to-day business of the company. What is the correct classification of these activities? Financing activities Investing activities Operating activities Liquidity activities ( Profitability activities J s N FEEDBACK 0/11 (0.0%) X See Topic 6. Cappie Bird considers herself to be quite comfortable with company balance sheets and income statements. However, Cappie is a little nervous about her understanding of the statement of cash flows. In particular, she doesn't understand which cash flows fit into the cash flow categories. She wants to correctly classify those activities associated with buying and selling long-term assets—primarily the purchase and sale of land, buildings, and equipment.
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Uploaded by CaptainAardvarkMaster902 on coursehero.com