Cash Flows from Investing and Financing Activities
Determine the amount of cash received and paid for...
Cash Flows from Investing and Financing Activities
Determine the amount of cash received and paid for financing and
investing activities and the cash flows as they would appear on
Rogerson’s statement of cash flows for the year ended December 31,
20-2. Use a minus to indicate any decreases in cash or cash
outflows.
Rogerson Company’s comparative balance sheet as of December 31,
20-2 and 20-1, showed the following with regard to investing and
financing activities:
20-2
20-1
Building
$130,100
$0 ...
Swasey Company provided the following partial comparative
balance sheets and the income statement for 20X2.
Swasey...
Swasey Company provided the following partial comparative
balance sheets and the income statement for 20X2.
Swasey Company
Partial Comparative Balance Sheets
At December 31, 20X1 and 20X2
1
20X1
20X2
2
Current Assets
3
Accounts receivable
755,000.00
677,000.00
4
Inventories
295,000.00
315,000.00
5
Current liabilities
6
Wages payable
695,000.00
690,000.00
Swasey Company
Income Statement
For the Year Ended December 31, 20X2
1
Revenues
3,140,000.00
2
Gain on sale of equipment
110,000.00
3
Cost of goods sold
(1,930,000.00)
4
Depreciation expense...
The Operating activities section of Filler-Up, Inc.’s Statement
of Cash Flows for the year ended December...
The Operating activities section of Filler-Up, Inc.’s Statement
of Cash Flows for the year ended December 31, 20x2 and 20x1,
includes the following items:
(in $ millions)
Fye 20x2
Fye 20x1
Cash flows from operating activities:
Net earnings
$359.7
$314.6
Depreciation
51.2
50.2
Change in accounts receivable; (increase) decrease
(42.0)
(43.4)
Change in accounts payable; increase (decrease)
8.4
16.6
Net cash provided by operating activities
$392.6
$329.3
Required
Answer the following questions:
Why does the company add back depreciation to...
Swasey Company provided the following partial comparative
balance sheets and the income statement for 20X2. 1...
Swasey Company provided the following partial comparative
balance sheets and the income statement for 20X2. 1 20X1 20X2 2
Current Assets 3 Accounts receivable 755,000.00 677,000.00 4
Inventories 295,000.00 315,000.00 5 Current liabilities 6 Wages
payable 695,000.00 690,000.00 Swasey Company Partial Comparative
Balance Sheets At December 31, 20X1 and 20X2 1 20X1 20X2 2 Current
Assets 3 Accounts receivable 755,000.00 677,000.00 4 Inventories
295,000.00 315,000.00 5 Current liabilities 6 Wages payable
695,000.00 690,000.00 1 Revenues 3,140,000.00 2 Gain on sale...
Tidwell Company has provided the following partial comparative
balance sheets and the income statement for 20X2....
Tidwell Company has provided the following partial comparative
balance sheets and the income statement for 20X2.
Tidwell Company
Comparative Balance Sheets
At December 31, 20X1 and 20X2
1
20X1
20X2
2
Current assets:
3
Accounts receivable
$353,000.00
$277,500.00
4
Inventories
130,000.00
154,000.00
5
Current liabilities:
6
Accounts payable
301,000.00
239,000.00
Tidwell Company
Income Statement
For the Year Ended December 31, 20X2
1
Revenues
$1,200,000.00
2
Gain on sale of equipment
48,000.00
3
Cost of goods sold
(652,000.00)
4
Depreciation expense...
1.
Cash Flows from
Operating Activities—Indirect Method
Staley Inc. reported
the following data:
Net income
$232,900...
1.
Cash Flows from
Operating Activities—Indirect Method
Staley Inc. reported
the following data:
Net income
$232,900
Depreciation expense
58,500
Loss on disposal of equipment
26,700
Increase in accounts receivable
28,100
Increase in accounts payable
12,600
Prepare the Cash Flows
from Operating Activities section of the statement of cash flows,
using the indirect method. Use the minus sign to indicate cash out
flows, cash payments, decreases in cash, or any negative
adjustments.
2. Changes in Current
Operating Assets and Liabilities—Indirect Method...
Cash Flows from Operating Activities—Indirect Method
Staley Inc. reported the following data:
Net income
$413,900
Depreciation...
Cash Flows from Operating Activities—Indirect Method
Staley Inc. reported the following data:
Net income
$413,900
Depreciation expense
53,800
Loss on disposal of equipment
28,300
Increase in accounts receivable
27,900
Increase in accounts payable
11,300
Prepare the Cash Flows from Operating Activities section of the
statement of cash flows, using the indirect method. Use the minus
sign to indicate cash outflows, cash payments, decreases in cash,
or any negative adjustments.
Staley Inc.
Statement of Cash Flows (partial)
Cash flows from operating...
Cash Flows from Operating Activities—Indirect Method
The net income reported on the income statement for the...
Cash Flows from Operating Activities—Indirect Method
The net income reported on the income statement for the current
year was $120,600. Depreciation recorded on store equipment for the
year amounted to $19,900. Balances of the current asset and current
liability accounts at the beginning and end of the year are as
follows:
End of Year Beginning of Year
Cash $49,330 $44,890
Accounts receivable (net) 35,370 33,170
Inventories 48,290 50,500
Prepaid expenses 5,430 4,260
Accounts payable (merchandise creditors) 46,220 42,470
Wages payable...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December...
Statement of Cash Flows—Indirect Method
The comparative balance sheet of Yellow Dog Enterprises Inc. at
December 31, 20Y8 and 20Y7, is as follows:
Dec. 31, 20Y8
Dec. 31, 20Y7
Assets
Cash
$62,270
$76,300
Accounts receivable (net)
95,680
102,870
Inventories
136,670
127,500
Prepaid expenses
5,570
3,860
Equipment
278,430
228,430
Accumulated depreciation-equipment
(72,390)
(56,020)
Total assets
$506,230
$482,940
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$106,310
$100,930
Mortgage note payable
0
144,880
Common stock, $1 par
16,000
10,000
Paid-in capital: Excess...
Cash Flows from Operating Activities—A method of reporting the
cash flows from operating activities as the...
Cash Flows from Operating Activities—A method of reporting the
cash flows from operating activities as the net income from
operations adjusted for all deferrals of past cash receipts and
payments and all accruals of expected future cash receipts and
payments.Indirect Method
The net income reported on the income statement for the current
year was $148,200. Depreciation recorded on store equipment for the
year amounted to $24,500. Balances of the current asset and current
liability accounts at the beginning and end...