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US Weygandt, Financial Accounting, 9e Problem 13-11A The comparative balance sheets for Rothlisberger Company as of December
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Workings- Indirect Method Amount $
Loss on sale of equipment
Book value of equipment        10,670.00
Sale value of equipment          6,600.00
Loss on sale of equipment          4,070.00
Decrease in Accounts Receivable
Closing Balance, net        43,490.00
Less: Opening Balance, net        62,910.00
Decrease in Accounts Receivable      (19,420.00)
Increase in Inventory
Closing Balance      151,530.00
Less: Opening Balance      142,460.00
Increase in Inventory          9,070.00
Decrease in Prepaid expenses
Closing Balance        14,660.00
Less: Opening Balance        21,230.00
Decrease in Prepaid expenses        (6,570.00)
Increase in Accounts Payable
Closing Balance        47,900.00
Less: Opening Balance        39,720.00
Increase in Accounts Payable          8,180.00
Land sold
Opening Balance      130,010.00
Less: Closing Balance      104,140.00
Land sold        25,870.00
Roethlisberger Company
Cashflow statement Amount $ Amount $
Particulars
Net Income      37,460.00
Adjustment to reconcile Net Income to Net Cash
Add:
Deprecation Expense      39,270.00
Loss on sale of equipment        4,070.00
Cash flow from Operations     80,800.00
Changes in Current Assets/Current Liabilities
Decrease in Accounts Receivable     19,420.00
Increase in Inventory      (9,070.00)
Decrease in Prepaid expenses       6,570.00
Increase in Accounts Payable       8,180.00     25,100.00
Net cash provided by operating activities 105,900.00
Cash flow from investing activities
Land sold     25,870.00
Equiment purchased (94,460.00)
Equiment sold       6,600.00
Net cash used for investing activities (61,990.00)
Cash flow from financing activities
Dividends paid (18,160.00)
Net cash used for financing activities (18,160.00)
Net Increase/(Decrease) in cash      25,750.00
Cash Balance, beginning      45,160.00
Cash Balance, ending     70,910.00
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