Solution 1:
Pavolik Company | ||
Computation of cash flow from operating activities | ||
Particulars | Details | Amount |
Cash Flow from Operating Activities: | ||
Net Income | $84.00 | |
Adjustments to reconcile net income to net cash provided by operations: | ||
Depreciation Expense | $60.00 | |
Loss on sale of land | $6.00 | |
Gain on sale of investment | -$10.00 | |
Increase in accounts receivables | -$110.00 | |
Decrease in inventory | $70.00 | |
Increase in prepaid expenses | -$9.00 | |
Increase in accounts payable | $35.00 | |
Decrease in accrued liabilities | -$4.00 | |
Increase in Income tax payable | $8.00 | |
Net Cash provided by operating activities | $130.00 |
Solution 2:
Pavolik Company | ||
Statement of Cash Flows | ||
Particulars | Details | Amount |
Cash Flow from Operating Activities: | ||
Net Cash provided by operating activities | $130.00 | |
Cash Flow from Investing Activities: | ||
Purhcase of property, Plant and Equipment ($185 + $15) | -$200.00 | |
Proceed from sale of investment | $16.00 | |
Proceed from sale of Land | $9.00 | |
Net Cash Provided by Investing activities | -$175.00 | |
Cash Flow from Financing Activities: | ||
Proceed from issue of bond | $150.00 | |
Retirement of common stock | -$80.00 | |
Dividend Paid | -$30.00 | |
Net Cash Provided by financing activities | $40.00 | |
Net Increase / (Decrease) in Cash | -$5.00 | |
Beginning cash and cash equivalents | $90.00 | |
Ending cash and cash equivalents | $85.00 |
The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and contra-Asset...
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 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 $ 13 D $150 I $ 70 D $ 17 I $ 14 D $ 169 I $ 52 1 Liabilities and Stockholders' Equity Accounts Accounts payable $ 43 I Accrued liabilities $ 4D Income taxes payable $ 16 1 Bonds payable $ 134 I Common stock $ 56...
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 Accounts receivable Inventory Prepaid expenses Long-tere investments Property, plant, and equipment Accumulated depreciation 28 D Accounts payable s24I Accrued liabilities $58DIncome taxes payable s19I Bonds payable 21D Common stock 395 I Retained earnings 82 I s 62 1 24 D S 29 I s284 I $ 96 0 82 I D Decrease:I Increase Long-term investments that cost...
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 § 36 D $ 40 I $ 90 D $ 35 I $ 37 D $635 I $130 I Liabilities and Stockholders' Equity Accounts Accounts payable $110 I Accrued liabilities $ 40 D Income taxes payable $ 45 I Bonds payable $ 332 I Common stock $160 D Retained...
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 $ 10 D Accounts payable Accounts receivable $135 T Accrued liabilities Inventory $70 D Income taxes payable Prepaid expenses 14 I Bonds payable Long-term investments $ 11 0 Common stock Property, plant, and equipment $ 175 I Retained earnings Accumulated depreciation $ 55 I $ 40 I $ 40 $ 13 1 $ 140 1 $65 D...
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 $ 5D $110 I $ 79 D $ 91 $ 60 $ 185 I $ 60 I Liabilities and Stockholders' Equity Accounts Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings D = Decrease; I = Increase. Long-term Investments that cost the company $6 were...
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...
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 $ 220 Accounts payable $ 68 T $ 261 ccrued liabilities $ 26 D. $ 62 D Income taxes payable $ 31 I $ 211 Bonds payable $220 T $ 23 D Common stock $ 104 D $425 I Retained earnings $ 88 I...
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 $ 30 D $ 34 I $ 78 D $ 29 1 $ 31 D $ 545 I $ 112 I Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings D = Decrease; 1 = Increase. Long-term investments...