prepare a statement of cash flow.
that is all i have . its from book.
Homework Answers
Answer-a)-
| CHENG INC. | ||
| STATEMENT OF CASH FLOWS (USING INDIRECT METHOD) | ||
| FOR THE YEAR ENDED DECEMBER 31,2020 | ||
| Particulars | Amount | |
| $ | ||
| Cash flow from operating activities | ||
| Net Income | 158900 | |
| Adjustments to reconcile net income to net cash provided by operating activities | ||
| Adjustment for non cash effects | ||
| Depreciation | 46500 | |
| Loss on sale of plant assets | 7500 | |
| Change in operating assets & liabilities | ||
| Increase in accounts receivable | -59800 | |
| Increase in inventory | -14650 | |
| Increase in prepaid expenses | -2400 | |
| Increase in accounts payable | 44700 | |
| Decrease in accrued expense payable | -500 | |
| Net cash flow from operating activities (a) | 180250 | |
| Cash Flow from Investing activities | ||
| New equipment purchased | -85000 | |
| New investments purchased | -29000 | |
| Old Equipment sold | 1500 | |
| Net cash Flow from Investing activities (b) | -112500 | |
| Cash Flow from Financing activities | ||
| Cash dividends paid | -40350 | |
| Common stock issued | 45000 | |
| Bonds payable paid | -40000 | |
| Net cash Flow from Financing activities (c) | -35350 | |
| Net Change in cash c=a+b+c | 32400 | |
| Beginning cash balance | 48400 | |
| Closing cash balance | 80800 |
b)- Free cash flow = Net cash provided by operating activities- Capital expenditure-Cash dividends paid
= $180250-$85000-$40350
= $54900
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prepare a statement of cash flow.
that is all i have . its from book.
b....
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Please help me to prepare a statement of cash flows using the indirect method Thank you...
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Condensed financial data of Cheng Inc. follow.
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Please
Answer ASAP
Cash-based measures: (2) Cash debt coverage. (3) Free cash flow. (a) Niet cash $38.500 ODGERS INC. Comparative Balance Sheets December 31 Prepare a s flows-inde (LO 4), AP Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total 2014 $ 80,800 87,800 112,500 28,400 138,000 285,000 (50,000) $682,500 (1) Current cash debt coverage. flows for Kurtzel Company using the direct method. P12-9A Condensed financial data of Odgers Inc. follow. Prepare a statement of...
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Please help me to prepare a statement of cash flows using the
indirect method
Thank you
Problem 17-09A Condensed financial data of Cheng Inc. follow. CHENG INC Comparative Balance Sheets December 31 Assets 2020 2019 Cash $105,400 $48,900 Accounts receivable 91,000 33,700 Inventory 111,400 101,900 Prepaid expenses 29,700 25,100 Investments 139,800 114,100 Equipment 264,500 241,200 Accumulated depreciation-equipment (46,900) (51,600) Total $694,900 $513,300 Liabilities and Stockholders' Equity Accounts payable $111,400 $67,300 Accrued expenses payable Bonds payable 16,400 17,300 119,400 150,000 Common...
Help me solve. Prepare a statement of cash flows using the
indirect method. Need help solving for the answers in the red
highlighted blanks.
CHENG INC. Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Investments Equipment Accumulated depreciation-equipment 2020 $119,400 92,500 112,600 29,100 140,600 264,200 2019 $47,400 32,000 102,600 25,300 114,700 243,000 (46,400) (51,600) $712,000$513,400 Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payablee Bonds payable Common stock Retained earnings $68,000 17,500 149,100 175,100 103,700...
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Prepare a cash flow statement using both the direct and the
Indirect methods.
Preparing a Statement of Cash Flows (Indirect Method) Dair Company's income statement and comparative balance sheets follow. LO3, 4 DAIR COMPANY Income Statement For Year Ended December 31, 2013 Sales Cost of goods sold Wages and other operating expenses Depreciation expense. Amortisation expense. Interest expense Income tax expense Loss on bond retirement. $700,000 $440,000 95,000 22,000 7,000 10,000 36,000 5,000 615,000 $ 85,000 Net income. . DAIR...
Prepare a statement of Cash Flow for the current year using
the indirect method
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
Prepare a Statement of Cash Flow for the current year using
the indirect method
Robust Robots, Inc. Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash Accounts Receivable, net Merchandise Inventory Supplies Prepaid Insurance Total Current Assets $ $ $ $ $ $ 65,000 150,000 135,000 9,700 30,000 389,700 $ $ $ $ $ $ 80,000 100,000 70,000 500 10,000 260,500 Property, Plant, and Equipment: Equipment Less: Accumulated Depreciation - Equipment Total Property, plant, and...
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