Question

Prepare a Statement of Cash Flow REMEMBER THE PROPER FORMAT OE THIS STATEMENT IS TO BALANCE TO ASH AND CASH EQUIVALENTS. Niss
PREPARING A STATEMENT OF CASH FLOW – using the INDIRECT METHOD, 2010 2011 Comparative financial information Calculate the $ c
Reconcile Accumulated Depreciation eginning Balance, Accumulated Depreciation + Depreciation Expense Accumulated Depreciation
investment SOLD Calculate Gain or Loss on Price Asset was sold for is a source of cash. This amount must be entered in the in
Statement of Cash Flows ending For the Cash Flows from Operating Activities: Net Income Adjustments to reconcile net income t
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Answer #1

NISSEN LTD.

Statement of Cash Flows

For the Year Ended December 31, 2011

Cash flow from operating activities

Net income

86400

Adjustments to reconcile net income to net cash flow

Depreciation expense

34400

Loss on sale of equipment

3200

Gain on sale of long-term investment

(9600)

Increase in accounts receivable

(42400)

Increase in inventories

(25600)

Decrease in accounts payable

(14900)

(54900)

Net cash flow provided by operating activities

31500

Cash flow from investing activities

Purchase of equipment

(16000)

Sale of long term investment

24000

Sale of equipment

5600

Net cash used by investing activities

13600

Cash flow from financing activities

Issuance of bonds payable

20000

Payment of cash dividends

(39500)

Net cash provided by financing activities

(19500)

Net increase in cash

25600

Cash at beginning of period

28800

Ending cash balance, Dec. 31, 2019

54400

Dividends = retained earnings beginning + net income – retained earnings ending - increase in dividends payable = 68800+86400-115200-500 = 39500

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