Cash Flow Statement | ||||
Indirect Method | ||||
Cash Flow from Operating Activities | ||||
Net Income | $ 84.00 | |||
Adjustments | ||||
Depreciation | $ 60.00 | |||
Gain on sale of Investment | $ -10.00 | |||
Loss on sale of Land | $ 6.00 | |||
Changes in Current Assets/ Current Liabilities | ||||
Increase in Accounts Receivable | $ -110.00 | |||
Decrease in Inventory | $ 70.00 | |||
Inrease in prepaid expenses | $ -9.00 | |||
Increase in Accounts Payable | $ 35.00 | |||
Decrease in Accrued Liabilities | $ -4.00 | |||
Increase in Income Tax Payable | $ 8.00 | |||
Total Adjustments | $ 46.00 | |||
Cash from Operating Activities | $ 130.00 | |||
Cash flow from Investing Activities | ||||
Sale of Investments | $ 16.00 | |||
Sale of Land | $ 9.00 | |||
Purchase of Equipment | $ -200.00 | |||
Net cash used In investing activities | $ -175.00 | |||
Cash flow from Financing Activities | ||||
Repurchase of Common Stock | $ -80.00 | |||
Issue of Bonds | $ 150.00 | |||
Dividend Paid | $ -30.00 | |||
Net cash used in financing activities | $ 40.00 | |||
Increase in Cash | $ -5.00 | |||
Opening Balance of Cash | $ 90.00 | |||
Closing Balance of Cash | $ 85.00 |
Gross Purchase of PPE = $185 (Net Increase) + $15 (Value of land sold)
Exercise 14-4 Prepare a Statement of Cash Flows [LO14-1, L014-2] The following changes took place lest...
Exercise 14-4 Prepare a Statement of Cash Flows [LO14-1, LO14-2] The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts $ 10 D Accounts payable $32 $ 14 1 Accrued liabilities $ 14 D $ 38 D Income taxes payable $ 19 1 $ 91 Bonds payable $124 I $ 11 D Common stock...
Exercise 14-4 Prepare a Statement of Cash Flows [LO14-1, LO14-2] The following changes took place last year in Pavolik Company’s balance sheet accounts: Asset and Contra-Asset Accounts Liabilities and Stockholders' Equity Accounts Cash $ 36 D Accounts payable $ 110 I Accounts receivable $ 40 I Accrued liabilities $ 40 D Inventory $ 90 D Income taxes payable $ 45 I Prepaid expenses $ 35 I Bonds payable $ 332 I Long-term investments $ 37 D Common stock $ 160...
The following changes took place Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash and cash equivalents recounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts Accounts payable Accrued liabilities Income taxes payable Bonds payable $150 I Common stock $ 80 D Retained earnings D = Decrease; 1 - Increase Long term investments that cost the company $6 were sold during the year for $16 and land that cost $15...
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accusulated depreciation $ 18 D $ 22 I $ 54 D $ 17 1 $ 19 D $365 I Liabilities and Stockholders' Equity Accounts Accounts payable $ 56 I Accrued liabilities $ 22 D Income taxes payable $ 27 1 Bonds payable $188 I Common stock Retained earnings $ 76 T...
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts $ 5D Accounts payable $ 35 I $110 T Accrued liabilities $ 70 D Income taxes payable $ 9I Bonds payable $150 I $ 6 D Common stock $ 80D $185 I Retained earnings $ 60 1 D = Decrease: I = Increase. Long-term...
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts $ 5D Accounts payable $ 35 1 $110 I Accrued liabilities $ 4D $ 70 D Income taxes payable $ 81 Bonds payable $150 1 $ 6D Common stock $ 80 D $185 I Retained earnings $ 54 1 $ 60...
Only need requirement 2 The following changes took place last year in Pavolik Company's balance sheet accounts Liabilities and Stockholders' Equity Accounts Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation 20DAccounts payable $ 24I Accrued liabilities 62 I $ 24 D $ 29 I $204 I $ 96 D 82 I 58 D Income taxes payable 19I Bonds payable $ 21 D Common stock $395 I Retained earnings $ 82...
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation $ 22 D $ 26 I $ 62 D $ 21 I $ 23 D $ 425 I $ 88 I Liabilities and Stockholders' Equity Accounts Accounts payable $ 68 1 Accrued liabilities $ 26 D Income taxes payable $ 31 1 Bonds payable $ 220...
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation $ 17 D $ 21 1 $ 52 D $ 16 I $ 18 D $350 I $ 73 I Liabilities and Stockholders' Equity Accounts Accounts payable $ 53 I Accrued liabilities $ 21 D Income taxes payable $ 26 I Bonds payable $180 1 Common...
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation $ 22 D $ 26 I $ 62 D $ 21 I $ 23 D $ 425 I $ 88 I Liabilities and Stockholders' Equity Accounts Accounts payable $ 68 I Accrued liabilities $ 26 D Income taxes payable $ 31 1 Bonds payable $ 220 I Common stock...