Question

Centre 5_feed_sons assignm. ALE HOME INSERT PAGE LAYOUT FORMULAS DATA VIEW REVIEW Enable PROTECTED VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View 13 fx (2) The Casual Clothing Balance Sheet & Income Statement Tab contains data you will need to E H 1 K M A В D Instructions for Module S Assignment (1) Continue working with the same Reed & Company numbers, located in the Module 5 Assignment document. Use the template in the Reed Indirect Cash Flow tab to create an indirect cash flow statement for Reed & Company. Hint: The Reed Direct Cash Flow tab has the solution for Module 4; the investing and financing sections from this solution 2 will be the same for the indirect cash flow statement you are creating. (2) The Casual Clothing Balance Sheet & Income Statement Tab contains data you will need to complete this part of the assignment. You will need to create a column that calculates the change in all the balance sheet accounts. Use the template on the Casual Clothing Indirect CF tab to complete the indirect operating, investing financing, and change in cash sections of the cash flow statement. Use the template on the Casual Clothing Direct CFO tab to complete the 3 direct operating section only, making sure cash flow from operations matches the amount from the indirect method. 4 5 6 7 9 10 11 12 13 14 15 16 17 18 19 20 21 23 24 22 20 33 34

Answer 1

Answer

Cashflow Statement as per Indirect Method :

Comment: Casual clothing balance sheet and Income statement is not provided to calcuulate cashflow from operating activity. So, other adjustment amount considered as net basis. if you reqired detailed figres of other adjstment then please update your question and provide pending details after that I will update the sulotion.

Particlars	Amont
Cash Flows from Operating Activities
Net Income	$4,555
Add Expenses Not Requiring Cash:
Depreciation Expense	$3,375
Amortization Expense	$500
Rent Expense	$4,500
Interest Expense	$320
Tax Expense	$3,400
Other Adjustments:
Add Increase in Current liabilities	-$9,100
Add Decrease in Current Assets
Less Inecrease in Current Assets
Less Decrease in Current Liabilities
Net Cash from Operating Activities	$7,550
Cash Flows from Investing Activities
Purchase of Patent	-$4,000
Short term investment	-$1,700
Net Cash Used for Investing Activities	-$5,700
Cash Flows from Financing Activities
Payment of Loan	-$5,000
Dividend Paid	-$3,800
Common Stock Issuance	$5,200
Net Cash from Financing Activities	-$3,600
Chanhe in Cash	-$1,750
Beginning Cash	$12,000
Ending Cash	$10,250