Yoric Company | |||
Statement of Cash Flows | |||
for the year ended December 31 | |||
Cash flows from operating activities | |||
Net income (Loss) | 85,900 | 75700+10200 | |
Adjustments to reconcile net income to net cash flow from operating activity: | |||
Depreciation Expenses | 193,100 | ||
Gain on sale of equipment | -1900 | ||
Changes in current operating assets and liabilities | |||
Increase in Accounts receivable | -170700 | ||
Decrease in Inventories | 83900 | ||
Increase in Prepaid Expenses | -4500 | ||
Increase in Accounts Payable | 49700 | ||
Increase in Income taxes payable | 9900 | ||
Decrease in Accrued liabilities | -5700 | ||
153800 | |||
Net cash flow from operatiing activities | 239700 | ||
Cash flows from investing activities | |||
Sale of Equipment | 35200 | ||
Long-term loans to subsidiaries | 111000 | ||
Long-term investments | -97000 | ||
Purchase of Equipment | -429000 | ||
Net cash flow used for investing activities | -379800 | ||
Cash flows from financing activities | |||
Redemption of Common Stock | -129000 | ||
Issuance of Bonds Payable | 402000 | ||
Payment of Cash Dividend | -10200 | ||
Net cash flow used for financing activities | 262800 | ||
Increase in cash | 122,700 | ||
Cash at the beginning of the year | 109,100 | ||
Cash at the end of the year | 231,800 | ||
Working | |||
Purchase of Equipment | |||
Ending Cost of Equipment | 3197000 | ||
Add: Cost of Equipment Sold | 161000 | ||
Less :Beginning Cost of Equipment | 2929000 | ||
Purchase of Equipment | 429000 | ||
Depreciation Expenses | |||
Ending Accumulated Depreciation | 1048600 | ||
Add: Accumulated Depreciation of Equipment sold | 127700 | ||
Less : Beginning Accumulated Depreciation | 983200 | ||
Depreciation Expenses | 193100 | ||
Gain on Sale of Equipment | |||
Cost of Equipment Sold | 161000 | ||
Less : Accumulated Depreciation of Equipment sold | 127700 | ||
Book Value of Equipment Sold | 33300 | ||
Sale of Equipment | 35200 | ||
Less: Book Value of Equipment Sold | 33300 | ||
Gain on sale of equipment | 1900 |
Problem 14-11 Missing Data; Statement of Cash Flows [LO14-1, LO14-2] Yoric Company listed the net changes...
Problem 14-11 Missing Data; Statement of Cash Flows (L014-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the gast year as follows: Debits > Credits by: $ 96,500 170,900 Credits > Debits by: $ 83,000 4,300 114,800 Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 95,000 307,000 65,400 49,200 5,900 9,900 407,000 125,000...
Problem 14-11 Missing Data; Statement of Cash Flows (LO14-1, LO 14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Credits > Debits by: Debits > Credits by: $ 118,900 170,300 $ 84,100 4,200 103,000 99,000 267,000 Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 66,000 48,800 5,900 9,600 402,000...
Problem 14-11 Missing Data; Statement of Cash Flows (LO14-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Debits > Credits > Credits by: Debits by: $ 51,700 170,200 $ 83,300 4,000 100,000 91,000 343,000 65,700 49,200 5,500 9,600 410,000 129,000...
Problem 14-11 Missing Data; Statement of Cash Flows L014-1, LO14-2] Yoric Company listed the net changes in its balance sheet accounts for the past year as follows DebitsCredits> Credits by: Debits by: Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 110,000 $65,00e 8,000 30,000 80,000 220,000 5,000 32,000 9,000 16,000 170,000 50,000 $686,000 $686,000 The following additional information...
Yoric Company listed the net changes in its balance sheet accounts for the past year as follows: Debits > Credits by: Credits > Debits by: Cash and cash equivalents $ 103,000 Accounts receivable 171,000 Inventory $ 83,500 Prepaid expenses 5,000 Long-term loans to subsidiaries 105,000 Long-term investments 100,000 Plant and equipment 288,000 Accumulated depreciation 65,100 Accounts payable 49,500 Accrued liabilities 6,000 Income taxes payable 9,300 Bonds payable 407,000 Common stock 123,000 Retained earnings 76,600 $ 796,000 $ 796,000 The...
Yoric Company listed the net changes In its balance sheet accounts for the past year as follows Debits Credits > Credits by: Debits by: $ 17,000 Cash Accounts receivable Inventory Prepaid expenses Long-term loans to subsidiaries Long-term investments Plant and equipment Accumulated depreciation Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings 119,000 $ 65,006 8,000 30,000 80,000 220,000 5,000 32,000 9,000 16,000 400,000 179,000 50,000 $606,000 $606,000 The following additional Information is avallable about last...
5 Problem 14-12 Prepare a Statement of Cash Flows [LO14-1, LO14-2] 2 A comparative balance sheet and an income statement for Burgess Company are glven below: points Burgess Company Comparative Balance Sheet (dollars in millions) Ending Beginning Balance еВook Balance Assets Current assets Print Cash and cash equivalents Accounts receivable 46 95 710 651 685 638 Inventory 1,441 1,384 Reference Total current assets Property, plant, and equipment Less accumulated depreciation Net property ,plant, and equipment 1,575 812 1,547 672 763...
Problem 14-7 Prepare a Statement of Cash Flows (LO14-1, LO14-2] [The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 2 308 157 $ 13 230 195 475 S04 443 426 (70) 356 419 28 35 $ 922 $834 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment...
Exercise 14-4 Prepare a Statement of Cash Flows [LO14-1, LO14-2] The following changes took place last year in Pavolik Company's balance sheet accounts: Asset and Contra-Asset Accounts Cash Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation Liabilities and Stockholders' Equity Accounts $ 10 D Accounts payable $32 $ 14 1 Accrued liabilities $ 14 D $ 38 D Income taxes payable $ 19 1 $ 91 Bonds payable $124 I $ 11 D Common stock...
Problem 14-7 Prepare a Statement of Cash Flows (LO14-1, LO14-2] [The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 12 229 $ 4 308 156 9 477 512 (85) 427 195 6 442 433 (71) 362 32 $836 26 $ 930 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property,...