Question

Given the following information for Lesson Hercules Incorporated prepare their statement of cash flows for December 31, 2017 under ASPE. 2017* 550 75 35 22 2016* 365 85 62 5 112 300 430 460 Cash Accounts receivable Inventory Prepaid Expenses Non-current - Note receivable Property, plant and Equipment (net of depreciation) Accounts payable Accrued liabilities Common Shares Retained Earnings Net income Depreciation expense * in 000s 13 12 40 83 914 240 934 265 50 30

Answer 1

Cotrat in ooo) A Cash flow Statement for the year ended Bideo 2014 ? Cach foto from operatory detalhes Not Income Add Depreciation exp. 30 Transfee to Retamed Earnings Add. Increase in Current drabplity & Decrease in cement Assefs: l. Accouts recerable Inventory Leu Decrease in Current diabidines & Increase in curent Assets Prepaid Expenie - Accounts Payable Accrued liabilities Net Cauch flow from Operating Actinties CA) 12 29 २१ - Cach Hove from In veeting Aetlicher Sale of Note receivable Met Cach flow from Actudies (B) Investing 188 - Cash flow from findneing setunties: ..Issue of Common Stoole Net cach flow from finemeny Activities Total Cach Inflow during they Year 235

365 Add opening Balonce of Cash & Cach Equivalent closing Balance of lach & Cach Equivalent Note: We are getting Goo figure of closing lash Balaree, , But in the given data, closing Cash Balance is 550. So we think that some data is Missing to in the given Quention. So according to use final Cash Balance should be 6oo.