MANAGERIAL ACCOUNTING 14 th Edition by GARRISON NOREEN BREWER CHAPTER 14 Interne
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Question
MANAGERIAL ACCOUNTING 14th Edition
by GARRISON NOREEN BREWER
CHAPTER 14
Internet Exercise #1
Search the Securities and Exchange Commission’s EDGAR corporate filings data base at http://www.sec.gov/edgarhp.htm for the annual report on Form 10-K of Google Inc. (choose the one with the Standard Industrial Code (SIC) of 7370). Using information from the company’s statements of cash flows, answer the following questions:
Which method, direct or indirect, was used to prepare the company’s Statement of Cash Flows? How can you tell?
How much cash and cash equivalents did the company have on hand at the end of its most recent fiscal year?
What is the trend in the company’s net cash from operations over the past three years?
What were the significant cash flows from or used by financing activities during its most recent fiscal year?
What were the significant cash flows from or used by investing activities during its most recent fiscal year?
Explanation / Answer
1. Indirect methid was used. The cash from operating activies was arrived at by deducting the non -cash expenses and changes in current assets/ liabilities from the Net income
2. $14,778 Mn at the end of 2012
3. Net cash from operations has been increeasing in the past 3 years
4. Significant cash flows from financing activities during its most recent fiscal year(2012) was in proceeds from issuance of debt
5. Significant cash flows from investing activities during its most recent fiscal year (2012) was from Maturities and sale of marketable securities
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