Question

Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements (LO 1-2. LO 1-3) The following information applies to the questions displayed below) Fitbit, Inc., reported the following information for the nine month period ended October 1, 2016. Items are in thousands of dollars. Accounts Payable Account cevable Advertising Expense Cash ( ory 1, 2016) Cath October 1, 2016) 81, 665,600 office tense 255.0 115,00 264, 251. Operating Expenses Retal i ngs (nary 1, 2016) Suplies Other information Cash received from issuing on stock Cash paid to purchase equipment Cash paid to suppliers and employees Cash received from sale of long-tere assets Dividend paid to stockholders CP1-3 Part 4 4. Prepare a statement of cash flows for the nine months ended October 1, 2016. Cash outflows should be entered as negative amounts. Enter your answers in thousands.) HTT, INC Statement of Cash Flows For the Nine Months Ended October 1, 2016 IIIIIIIIII

Answer 1

Solution:

Statement of Cash Flows (Direct Method)
For the nine months Ended October 1, 2016
Particulars	Details	Amount
Cash Flows from operating activities:
Cash received from customers	$5,35,700.00
Cash paid to suppliers and employees	-$4,89,900.00
Net Cash provided by operating activities		$45,800.00
Cash flow from investing activities:
Cash received from sale of Long term assets	$1,300.00
Cash paid to purchase equipment	-$68,000.00
Net Cash used in investing activities		-$66,700.00
Cash flow from financing activities:
Cash received from issuing stock	$39,520.00
Cash paid for dividends	$0.00
Net Cash used in financing activities		$39,520.00
Net Increase (Decrease) in Cash		$18,620.00
Cash balance at January 1,2016		$6,65,600.00
Cash balance at October 1, 2016		$6,84,220.00