Chapter4statementofcashflow1.ThenetincomeoftheZYCompanyfor1999was$260000.Additionalrelativetoactivitiesfortheyeararegivenbelow:A.Depreciationexpensesfortheyear,$90000;B.gainsonsaleofmachineryusedinoperationswas$2400;C.Accountsreceivableincreasedby$2000;D.Accountspayableincreasedby$8400;E.Patentamortizationfortheyearwas$14800;

dataavailableRequiredPreparethecashflowsfromoperatingactivitiesdertheindirectmethod.

sectionofastatementofcashflowsunCashflowsfromoperatingactivities:NetincomeAdjustmentfornoncashrevenueandexpenses:

$260000expensesnotrequiringcashAdddepreciation90000Patentamortization14800cashchangenotfromoperationsdeductgainsonsaleofmachinery2400Currentliabilitieschanges:DeductAccountsreceivableincrease2000AddAccountspayableincrease8400Cashflowsfromoperatingactivities$3688001.Purchasedmaterial,$200,andequipment,$3100，paidcash.2.Paidcashtoacquireland,$270003.Performedserviceforacustomerandreceivedcash$160004.Issuedcommonstockandreceived$39000cash5.Prepaidinsurance$1200fornext12months6.Paidcashforemployeesalary$24007.Acquirealong-termloanfrombank$400008.Paid$5000forcashdividend10.Gainsonsaleofequipmentof$3000Calculatecashflowfromoperations,financingandinvesting.12200,-27100,74000Chapter8accountsreceivable1.T/FAnaccountreceivablethathasbeendeterminedtobeuncollectibleisstillanasset.(F)Weshoulddebitbaddebtsexpenseandcreditallowancefordoubtfulaccountsforwriteoffbaddebts.(F)Allowancefordoubtfulaccountsiscontra-assetaccountthatoffsetsaccountreceivable.(T)Grossaccountsreceivableappearsonthebalancesheet.(F)Whenwewriteoffaworthlessreceivables,thenetaccountsreceivableislessthanbefore.(F)2.Whenweusetheallowancemethodtorecordbaddebts,therearethreemethodstoestimatetheamountofbaddebtsPercentageoftotalaccountsreceivableoutstanding(應(yīng)收賬款余額百分比法)Agingmethod（賬齡解析法）Percentage-of-salesmethod(銷貨百分比法)（一）余額百分比法（二）這是依照期末應(yīng)收賬款余額的必然百分比估計(jì)壞賬損失的方法。壞賬百分比由企業(yè)依照過去的資料或經(jīng)驗(yàn)自行確定期末應(yīng)收賬款的余額×壞賬百分比=期末壞賬準(zhǔn)備賬戶余額，當(dāng)期應(yīng)計(jì)提的壞賬準(zhǔn)備金額=期末壞賬準(zhǔn)備余額加減調(diào)整壞賬準(zhǔn)備賬戶已有金額例：企業(yè)2006年關(guān)應(yīng)收賬款余額為80000元，估計(jì)壞賬準(zhǔn)備的提取比率為應(yīng)收賬款余額的10%，壞賬準(zhǔn)備期初無余額，本期也沒有壞賬的注銷。06年應(yīng)計(jì)提的壞賬準(zhǔn)備？80000*10%=8000,2007年發(fā)生壞賬

本期應(yīng)計(jì)提的壞賬準(zhǔn)備=8000-0=80004000元，該年關(guān)應(yīng)收賬款余額為98000元，07

年應(yīng)計(jì)提的壞賬準(zhǔn)備

?80004000X980098000*10%=9800期末壞賬準(zhǔn)備的余額。本期應(yīng)計(jì)提的壞賬準(zhǔn)備=9800-8000+4000=5800（二）賬齡解析法將企業(yè)的應(yīng)收賬款按賬齡長短進(jìn)行分組，分別確定不同樣的計(jì)提百分比估計(jì)壞賬損失。應(yīng)收賬款賬齡應(yīng)收賬款余額壞賬百分比估計(jì)的壞賬損失的金額未逾期10001%10逾期6個(gè)月以內(nèi)30002%60逾期6個(gè)月以上50003%150期末壞賬準(zhǔn)備的余額為220本期應(yīng)計(jì)提壞賬準(zhǔn)備的金額=期末余額+—調(diào)整前壞賬準(zhǔn)備的已有金額（三）銷貨百分比法這是依照企業(yè)本期賒銷總數(shù)的百分比估計(jì)壞賬損失的方法本期賒銷總數(shù)*壞賬百分比=本期應(yīng)計(jì)提的壞賬準(zhǔn)備前兩種方法計(jì)算出的是壞賬準(zhǔn)備的期末余額，結(jié)合壞賬準(zhǔn)備已有的金額，確定本期應(yīng)計(jì)提的金額。銷貨百分比法直接計(jì)算出本期應(yīng)計(jì)提的壞賬準(zhǔn)備，無需考慮壞賬準(zhǔn)備已有的金額。例：丙企業(yè)2006年賒銷金額為20000元，估計(jì)壞賬損失率為1%，2006年初壞賬準(zhǔn)備賬戶余額為貸方200元。計(jì)算2006年應(yīng)計(jì)提的壞賬準(zhǔn)備和2006年關(guān)壞賬準(zhǔn)備科目余額。本期應(yīng)計(jì)提的壞賬準(zhǔn)備=20000*1%=200壞賬準(zhǔn)備期末余額=200+200=400Computeestimatedbaddebtsexpenseandmakejournalentry.Beginningbalanceofaccountsreceivablesis$50000.Allowancesfordoubtfulaccountshascreditamounts$500atthebeginningof2006.2006.3.1companiessoldgoodsonaccountfor$700002006.5.1Companyreceivedthepreviousyear'saccountsreceivable$300002006.5.2companywroteoff$200baddebts2006.12.31companyusedpercentageoftotalaccountsreceivableoutstandingmethodestimateuncollectible.Percentestimateduncollectiblewas1%2006.12.31companyusedpercent-of-salesmethodtorecordbaddebts.Percentestimateduncollectibleofsalewas1%Chapter9inventoriesDefinitionandclassificationofinventoryPerpetualinventorysystemandperiodicinventorysystemFIFOmethod,LIFOmethodandaveragemethodLower-of-cost-or-marketFinancialstatisticsofinventory1.永續(xù)盤存制與實(shí)地盤存制(如期盤存制)的比較(1)存貨在賬簿中登記的方法不同樣。永續(xù)盤存制對(duì)各項(xiàng)存貨的增加數(shù)和減少許都要在帳簿中進(jìn)行連續(xù)的登記，并隨時(shí)在帳簿中結(jié)算出各項(xiàng)財(cái)產(chǎn)物質(zhì)的賬面結(jié)存數(shù)；實(shí)地盤存制只對(duì)存貨的增加數(shù)記賬，而不登記減少許，月尾依照實(shí)地盤點(diǎn)的結(jié)存數(shù)，計(jì)算出本期減少許，并記入有關(guān)賬簿。兩者財(cái)產(chǎn)盤點(diǎn)的目的不同樣。永續(xù)盤存制下財(cái)產(chǎn)盤點(diǎn)的目的是為了與賬簿記錄進(jìn)行核對(duì)實(shí)地盤存制下財(cái)產(chǎn)盤點(diǎn)的目的是計(jì)算期末財(cái)產(chǎn)的結(jié)存數(shù)。1）PerpetualversusperiodicinventorysystemPerpetualinventorysystemcontinuallyrecordsadditionsordeletionsofinventory.Costofgoodssoldisrecordedatthetimeofthesaleratherthanwaitinguntiltheendoftheperiod.Perpetualinventorysystemupdatedvaluesforinventorythatcompanycanknowwhatitemsaresoldandwhatremainininventoryatanytime.Physicalinventorycountsareusuallytakenatleastonceayearinordertocheckonthevalidityofthebookrecords.Thisinventorycountenablesacompanytoseetheamountofinventoryshrinkagefromtheftandotherfactors.2）Periodicinventorysystemdoesnotrequireacontinualrecordofinventorychanges.Itonlyrecordsadditionsofinventory.Costsofmaterialsusedandcostsofgoodssoldcannotbecalculateduntilendinginventories,determinedbyphysicalcount.Costofgoodssoldequalsbeginninginventorypluspurchasesminusendinginventory.Physicalinventorycountsaretakeninordertocomputeendinginventoryvalue.2.FIFO,LIFOandaveragemethodunitUnitcostTotalcostBeginninginventory,May11000$15$15000Purchase,May7500$16$8000Sell,May10(900)Purchase,May25800$17$13600Sell,May30(1100)Endinginventory,May31300Thesellingpriceofmerchandiseinventoryis$25.ComputecostofgoodssoldunderFIFO,LIFOandaveragemethod.MakejournalentryonMay10,May30MakeentryonMay10:Cash22500Salesrevenue22500Costofgoodssold1350014000Merchandiseinventory1350014000May30:Cash27500Salesrevenue27500100*15+500*16+500*17=18000Costofgoodssold18000Merchandiseinventory18000800*17+300*15=18100Costofgoodssold18100Merchandiseinventory18100Averagecostperunit=1000*15+500*16+800*17/2300=15.9115.91*2000=31820Costofgoodssold31820Merchandiseinventory31820incomeFIFO50000-31500=18500LIFO50000-32100=17900average50000-31820=181803.Salesrevenue:50000Costofgoodssold:40000Beg