Homework Answers
Ans:
|
Cash flows from operating activities |
Amount $ |
|
|
Earnings After Tax |
7,50,000 |
|
|
Adjustments for (Non cash Expenses): |
||
|
Depreciation Expense(150,000 – 100,000) |
50,000 |
|
|
Adjusts for changes in working capital |
||
|
Increase in Accounts receivables (2000000 - 1500000) |
(5,00,000) |
|
|
Decrease in inventories (3500000 - 2000000) |
15,00,000 |
|
|
Increase in Accounts payables (500000 - 350000) |
1,50,000 |
$12,00,000 |
|
Cash generated from operations |
$19,50,000 |
Note:
1) Depreciation is an expense but there is no physical outflow of cash that’s why it is Added to EAT
2) Increase in accounts receivable will reduces cash so it is reduced
3) Decrease in inventories and increase in Accounts payable both will increase cash that’s why Added to EAT
4) common stock,long term debt,dividends these are financial items not considered in operating activity cash flow calculation
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Sunny Valley Resort has owned 80% of Mountain Lodging Inc since
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Required:
Prepare, in good form, a consolidated statement of cash flows for
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Example problem to go off of for formatting... I hope
this helps!!
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SAT 1.2
SAT 1.3
SAT 1.4
SAT 1.5
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SAT 1.7
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RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses...
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SAT 1.2
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RBB RETAILING CORPORATION Statement of Comprehensive Income For the year ended December 31, 2020 Net sales Less: Cost of sales 3,380,000 2,566,000 Gross profit 814,000 Less: Operating expenses Selling expenses General and administrative expenses Income before income tax 260,500 352,200 612.700 201,300 Less: Income tax expense 60,390 Net profit 140,910 Included under General and Administrative Expenses is the depreciation of the following account titles: a. Building - P80,000...
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Prepare, in good form, a consolidated statement of cash flows for
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Example problem to go off of for formatting... I hope
this helps!!
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