swaitsandClaude Opus 5.5
10d9d7d534
Direct method with the operating reconciliation and noncash schedules; it foots by construction (Lean and Kani). Every non-cash account belongs to one section; reversals net; a member or lender paying for the company is cash borrowed and spent (D-42, constructive receipt and disbursement); property a member contributes stays noncash. The bookspec seed: one loader checks every example. Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com> Claude-Session: https://claude.ai/code/session_01T3gXMVt7XJPi6ens1or9Dj
91 lines
2.6 KiB
TOML
91 lines
2.6 KiB
TOML
id = "cash-flow.part-cash-purchase"
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title = "Equipment bought part for cash, part on the seller's note"
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rule = "Of a transaction that is part cash and part noncash, only the cash portion MUST be reported in the statement of cash flows; the rest MUST be disclosed as a noncash investing and financing activity."
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status = "AUTHORITY"
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sources = ["ASC 230-10-50-5", "ASC 230-10-50-3", "ASC 230-10-50-4", "ASC 230-10-45-13(c)", "EY Financial reporting developments, Statement of cash flows (July 2026) 5.3.1 (seller-financed purchases are noncash to the extent of the seller's financing)"]
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tags = ["accrual", "book", "us", "cash-flow", "noncash"]
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[setup]
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currency = "USD"
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fiscal_year_start = "01-01"
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basis = "accrual"
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rounding = "half-even"
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cash_accounts = ["1000"]
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# The note is the seller's own credit, not a lender's: it is not listed as
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# financing (a lender that paid the seller would be: the purchase would
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# then be borrowed and invested, cash-flow.paid-on-the-companys-behalf).
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[[setup.accounts]]
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code = "1000"
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name = "Cash"
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type = "asset"
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[[setup.accounts]]
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code = "1520"
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name = "Vehicles"
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type = "asset"
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[[setup.accounts]]
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code = "1530"
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name = "Accumulated depreciation, vehicles"
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type = "asset"
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[[setup.accounts]]
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code = "2500"
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name = "Note payable to the seller"
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type = "liability"
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[[setup.accounts]]
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code = "3000"
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name = "Capital"
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type = "equity"
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[[setup.accounts]]
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code = "6100"
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name = "Depreciation"
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type = "expense"
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[[setup.fixed_assets]]
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cost_account = "1520"
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accumulated_account = "1530"
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expense_account = "6100"
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[[events]]
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date = "2026-01-02"
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description = "Opening contribution"
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lines = [
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{ account = "1000", side = "debit", amount = "10000.00" },
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{ account = "3000", side = "credit", amount = "10000.00" },
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]
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[[events]]
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date = "2026-02-08"
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description = "Vehicle: 300 down, 700 on the seller's note"
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lines = [
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{ account = "1520", side = "debit", amount = "1000.00" },
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{ account = "1000", side = "credit", amount = "300.00" },
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{ account = "2500", side = "credit", amount = "700.00" },
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]
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# By hand: 300 left the bank for the vehicle (investing, 45-13(c)); the
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# 700 the seller financed moved no cash, to anyone, and is disclosed (50-4:
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# acquiring an asset by assuming a directly related liability). Cash
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# 10,000.00 to 9,700.00 in February.
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[[expect]]
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query = "cash_flow"
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from = "2026-02-01"
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to = "2026-02-28"
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[expect.values]
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operating = "0.00"
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investing = "-300.00"
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financing = "0.00"
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net_change = "-300.00"
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cash_beginning = "10000.00"
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cash_ending = "9700.00"
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difference = "0.00"
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"investing.2" = "-300.00"
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"investing.count" = "1"
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"noncash.2" = "700.00"
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"noncash.count" = "1"
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