Zahabi Corp., | ||
Statement of Cash flows | ||
For the year ended December 31,2015 | ||
Cash Flow from Operating Activities | ||
Net Income | $136,000 | |
Add/(Less) Adjustments: | ||
Depreciation Expense | $54,000 | |
Increase in Accounts receivable | ($12,000) | |
Increase in Inventory | ($75,000) | |
Increase in Accounts payable | $16,000 | |
Increase in Income Taxes payable | $3,000 | |
Total Adjustments | ($14,000) | |
Cash Flow from Operating Activities | $122,000 | |
Cah Flow from Investing Activities | ||
Equipment Purchased | ($36,000) | |
Cash Flow from Investing Activities | ($36,000) | |
Cash Flow from Financing Activities | ||
Issue of Common Stock (12000*5) | $60,000 | |
Dividend Paid | ($89,000) | |
Cash Flow from Financing Activities | ($29,000) | |
Total Cash Flow | $57,000 | |
Add:Cash Balance as on Dec 31,2014 | $107,000 | |
Cash Balance as on Dec 31, 2015 | $164,000 |
Cash Flow from Operating Activities - $122,000
use the direct method El Zahabi Corp., a merchandiser, recently completo com Credit ales, (2) all...
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need help making a statemtent of cash flows.
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Required information Use the following information for the Problems below Golden Corp., a merchandiser, recently completed its 2017 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, (5) Other Expenses are all cash expenses, and (6) any change in Income Taxes Payable reflects the accrual and cash payment of...