Question

Dansko Integrated had Net Income for 2017 of $7,800,000. The firm invested $4,000,000 in manufacturing equipment...

Dansko Integrated had Net Income for 2017 of $7,800,000. The firm invested $4,000,000 in manufacturing equipment during 2017. The equipment is being depreciated over five years using straight-line depreciation, starting in 2017. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2017 with amounts in thousands. What is the Net Cash Flow in 2017? Please specify your answer in the same units as the statement of cash flows.

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Answer #1

Solution:

Dansko
Statement of Cash Flows
For the year ended 2017 (In '000)
Particulars Details Amount
Cash Flow from Operating Activities:
Net Income $7,800.00
Adjustments to reconcile net income to net cash provided by operations:
Depreciation Expense ($4,000/5) $800.00
Net Cash provided (used) by operating activities $8,600.00
Cash Flow from Investing Activities:
Purchase of manufacturing equipment -$4,000.00
Net Cash provided (used) in Investing activities -$4,000.00
Cash Flow from Financing Activities: $0.00
Net cash flow in 2017 $4,600.00
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