Cash flow indirect method | ||
Cash flow from operating activities | ||
Net income | 133320 | |
Adjustments to reconcile the net income | ||
Depreciation and amortization expense | 34800 | |
Changes in current asset and liabilities | ||
Decrease in accounts receivable | 7540 | |
Increase in inventory | -8560 | |
Increase in prepaid expense | -1670 | |
Increase in accounts payable | 4890 | |
Decrease in accrued liabilities | ||
37000 | ||
Cash flow from operating activities | 170320 | |
Cash flow from Investing activities | ||
Equipment | -67350 | |
Cash flow from Investing activities | -67350 | |
Cash flow from Financing activities | |||
Common stock | 6000 | ||
Paid in capital in excess of par | 102000 | ||
Dividend | -81240 | ||
Notes payable paid | -143940 | ||
Notes payable issued | |||
Cash flow from Financing activities | -117180 | ||
Net Cash and cash equivalent | -14210 | ||
Add | Beginning cash and cash equivalent | 75810 | |
Ending cash and cash equivalent | 61600 |
Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows Dec. 31, 0Y8 Dec. 31, 20Y7 Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment $56,320 $68,950 92,950 115,210 3,490 206,420 (65,480)(50,620) $457,920 $436,400 86,550 123,630 5,040 251,860 Total assets Liabilities and...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $68,210 $83,770 Accounts receivable (net) 104,820 112,930 Inventories 149,750 139,970 Prepaid expenses 6,100 4,240 Equipment 305,020 250,780 Accumulated depreciation-equipment (79,310) (61,500) Total assets $554,590 $530,190 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $116,460 $110,810 Mortgage note payable 0 159,060 Common stock, $1 par 18,000 11,000 Paid-in capital in...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $61,270 $75,480 Accounts receivable (net) 94,140 101,750 Inventories 134,490 126,100 Prepaid expenses 5,480 3,820 Equipment 273,960 225,950 Accumulated depreciation-equipment (71,230) (55,410) Total assets $498,110 $477,690 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $104,600 $99,840 Mortgage note payable 0 143,310 Common stock, $1 par 16,000 10,000 Paid-in capital in...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 0Y8 Dec. 31 Assets Cash Accounts receivable (net) Inventories Prepaid expenses Equipment Accumulated depreciation-equipment 47,240 $57,890 78,050 96,730 2,930 173,310 (54,920) (42,500) $384,080 $366,410 72,590 103,710 4,220 211,240 Total assets Liabilities and...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $82,080 $100,580 Accounts receivable (net) 126,120 135,590 Merchandise inventory 180,160 168,060 Prepaid expenses 7,340 5,090 Equipment 367,010 301,110 Accumulated depreciation-equipment (95,420) (73,840) Total assets $667,290 $636,590 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $140,130 $133,050 Mortgage note payable 0 190,980 Common stock, $1 par 21,000 13,000 Paid-in capital:...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $81,050 $99,530 Accounts receivable (net) 124,530 134,170 Merchandise inventory 177,900 166,300 Prepaid expenses 7,250 5,040 Equipment 362,400 297,950 Accumulated depreciation-equipment (94,220) (73,070) Total assets $658,910 $629,920 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $138,370 $131,650 Mortgage note payable 0 188,980 Common stock, $1 par 21,000 13,000 Paid-in capital:...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $69,770 $85,140 Accounts receivable (net) 107,210 114,780 Inventories 153,140 142,260 Prepaid expenses 6,240 4,310 Equipment 311,980 254,890 Accumulated depreciation-equipment (81,110) (62,510) Total assets $567,230 $538,870 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $119,120 $112,620 Mortgage note payable 0 161,660 Common stock, $1 par 18,000 11,000 Paid-in capital in...
Statement of Cash Flows—Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $86,670 $105,980 Accounts receivable (net) 133,170 142,880 Merchandise inventory 190,240 177,080 Prepaid expenses 7,750 5,370 Equipment 387,530 317,280 Accumulated depreciation-equipment (100,760) (77,810) Total assets $704,600 $670,780 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $147,970 $140,190 Mortgage note payable 0 201,230 Common stock, $1 par 22,000 14,000 Paid-in capital:...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 2048 and 2017, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash $69,780 $85,420 Accounts receivable (net) 107,220 115,150 Merchandise inventory 153,160 142,720 Prepaid expenses 6,240 4,330 312,010 255,720 Equipment Accumulated depreciation-equipment (81,120) (62,710) Total assets $567,290 $540,630 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $119,130 $112,990 Mortgage note payable 0 162,190 18,000 11,000 271,000 152,000 Common stock, $1 par...
Statement of Cash Flows-Indirect Method The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 2077, is as follows: Dec. 31, 2018 Dec. 31, 2017 Assets Cash Accounts receivable (net) Inventories Prepaid expenses $58,950 90,580 129,410 5,270 263,600 (68,540) $479,270 $72,390 97,590 120,960 3,670 216,720 (53,150) $458,180 Equipment Accumulated depreciation-equipment Total assets $95 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Mortgage note payable Common stock, $1 par Paid-in capital: Excess of issue price over par-common...