Homework Answers
CASH FLOW STATEMENT
| PARTICULARS | DETAILS | AMOUNT | AMOUNT |
| (IN $) | (IN $) | ||
| 1. CASH FLOW FROM OPERATING ACTIVITIES: | |||
| NET PROFIT AS PER INCOME STATEMENT | 95 | ||
| ADD: DEPRECIATION | 91 | ||
| 186 | |||
| CHANGES IN WORKING CAPITAL | |||
| LESS: INCREASE IN OTHER CURRENT ASSETS | (165-180) | -15 | |
| ADD: INCREASE IN ACCOUNTS PAYABLE | (125-115) | 10 | |
| NET CASH IN FLOW FROM OPERATING ACTIVITIES | 181 | ||
| 2. CASH FLOW FROM INVESTING ACTIVITIES: | |||
| PURCHASE OF FIXED ASSETS | (370-91-400) | -121 | |
| NET CASH OUT FLOW FROM INVESTING ACTIVITIES | -121 | ||
| 3. CASH FLOW FROM FINANCING ACTIVITIES: | |||
|
ISSUE OF LONG TERM DEBT |
(145-130) | 15 | |
| DIVIDEND PAID | -75 | ||
| NET CASH OUT FLOW FROM FINANCING ACTIVITIES | -60 | ||
| NET CASH GENERATED FROM ACTIVITIES (1 + 2+ 3) | 0 | ||
| ADD: OPENING CASH & CASH EQUIVALENT | 55 | ||
| CLOSING CASH & CASH EQUIVALENT | 55 |
ANSWER OPTION 4.
CASH FLOW FROM OPERATING ACTIVITIES = $181
CASH FLOW FROM INVESTING ACTIVITIES = -$121
CASH FLOW FROM FINANCING ACTIVITIES = -$60
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2017 and 2018 Balance Sheets
Assets
Liabilities and Owners’ Equity
2017
2018
2017
2018
Current assets
Current liabilities
Cash
$
34,785
$
38,204
Accounts payable
$
37,282
$
42,782
Accounts receivable
18,001
28,126
Notes payable
19,408
16,500
Inventory
3,730
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20,224
24,954
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$
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109,122
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$
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$
84,236
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$
117,000
$
182,015
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Common stock and paid-in
surplus
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