WEAVER COMPANY |
STATEMENT OF CASH FLOW - INDIRECT METHOD |
PARTICULARS | AMT (IN $) | AMT (IN $) |
1. OPERATING ACTIVITIES | ||
PROFIT BEFORE TAX | 90 | |
ADD: NON CASH ITEMS | ||
- DEPRECIATION (REFER W.N.) | 24 | |
NON OPERATING ITEMS | ||
ADD: LOSS ON SALE OF EQUIPMENT | 4 | |
LESS: PROFIT ON SALE OF INVESTMENT | (7) | |
CASH OPERATING PROFIT | 111 | |
CHANGES IN WORKING CAPITAL | ||
ADD: DECREASE IN INVENTORY (175-125) | 50 | |
INCREASE IN PAYABLES (310-230) | 80 | |
LESS: INCREASE IN RECEIVABLES (240-340) | (100) | |
INCREASE IN PREPAID EXPENSES (6-10) | (4) | |
DECREASE IN ACCRUED LIB. (60-72) | (12) | |
125 | ||
LESS: INCOME TAX PAID (REFER W.N.) | (21) | |
NET CASH IN FLOW FROM OPERATING ACTIVITIES | 104 | |
2. INVESTING ACTIVITIES | ||
SALE OF EQUIPMENT | 20 | |
SALE OF INVESTMENT | 10 | |
PURCHASE OF EQUIPMENT (REFER W.N.) | (180) | |
NET CASH IN FLOW FROM INVESTING ACTIVITIES | (150) | |
3. FINANCING ACTIVITIES | ||
ISSUE OF BOND (290-180) | 110 | |
COMMON STOCK REPURCHASED (210-250) | (40) | |
DIVIDEND PAID (REFER W.N.) | (30) | |
NET CASH IN FLOW FROM FINANCING ACTIVITIES | 40 | |
TOTAL CASH GENERATED (1+2+3) | (6) | |
ADD: OPENING CASH & CASH EQUIVALENT | 15 | |
CLOSING CASH & CASH EQUIVALENT | 9 |
WORKING NOTES:
PARTICULARS | AMT (IN $) | PARTICULARS | AMT (IN $) |
1. DEPRECIATION | |||
TO OPENING | 85 | BY SALE OF EQUIPMENT | 16 |
TO P&L (BAL. FIG) | 24 | BY CLOSING | 93 |
109 | 109 | ||
2. PRO. FOR INCOME TAX | |||
TO CASH / BANK (BAL. FIG) | 21 | BY OPENING | 34 |
TO CLOSING | 40 | BY P & L | 27 |
61 | 61 | ||
3. PP&E | |||
TO OPENING | 470 | BY SALE | 40 |
TO PURCHASE (BAL. FIG) | 180 | BY CLOSING | 610 |
650 | 650 | ||
4.RES. & SURPLUS | |||
TO DIVIDEND PAID (BAL. FIG) | 30 | BY OPENING | 74 |
TO CLOSING | 107 | BY PROFIT OF C.Y. | 63 |
137 | 137 |
Comparative Balance Sheet at December31 Last This Year Year Assets Cash Accounts receivable Inventory Prepaid expense:s...
Debits Credits > 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 $606,000 $606,000 The following additional information is available about last year's activities: a. Net income for the year was $?- b. The company sold equipment during the year for $15,000. The...
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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...
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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...
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 $ 220 Accounts payable $ 68 T $ 261 ccrued liabilities $ 26 D. $ 62 D Income taxes payable $ 31 I $ 211 Bonds payable $220 T $ 23 D Common stock $ 104 D $425 I Retained earnings $ 88 I...
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