Suppose Siam Tradershad the following cash flow results for 2017:
Net Cash Flow fromOperating Activities of $6,300,000
Net Cash Flow from Investing Activities of $600,000
Net Cash Flow from Financing Activities of $4,200,000
Create a statement ofcash flows with amounts in thousands.
What is theNet Cash Flow?
Please specify youranswer in the same units as the statement of cash flows
Suppose Siam Tradershad the following cash flow results for 2017:
Net Cash Flow fromOperating Activities of $6,300,000
Net Cash Flow from Investing Activities of $600,000
Net Cash Flow from Financing Activities of $4,200,000
Create a statement ofcash flows with amounts in thousands.
What is theNet Cash Flow?
Please specify youranswer in the same units as the statement of cash flows
Related questions
| Dec. 31,2014 | Dec. 31,2013 | ||||
| Assets | |||||
| Cash | $130 | $44 | |||
| Accounts receivable(net) | 75 | 55 | |||
| Inventories | 47 | 30 | |||
| Land | 107 | 125 | |||
| Equipment | 60 | 48 | |||
| Accumulateddepreciation-equipment | (16) | (8) | |||
| Total | $403 | $294 | |||
| Liabilities andStockholders' Equity | |||||
| Accounts payable(merchandise creditors) | $51 | $44 | |||
| Dividends payable | 8 | - | |||
| Common stock, $10par | 27 | 14 | |||
| Paid-in capital inexcess of par-common stock | 55 | 34 | |||
| Retained earnings | 262 | 202 | |||
| Total | $403 | $294 | |||
The following additional information is taken from therecords:
Land was sold for $45.
Equipment was acquired for cash.
There were no disposals of equipment during the year.
The common stock was issued for cash.
There was a $87 credit to Retained Earnings for net income.
There was a $27 debit to Retained Earnings for cash dividendsdeclared.
a. Prepare a statement of cash flows, using theindirect method of presenting cash flows from operating activities.Use the minus sign to indicate cash out flows, cash payments,decreases in cash and for any adjustments, if required.
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Natalie Daniels has completed the basic format to be used inpreparing the statement of cash flows (indirect method) for CPUHardware Designers. All amounts are in thousands (000s). |
| CPU HARDWARE DESIGNERS Statement of Cash Flows For the year ended December 31, 2015 | ||
| Cash Flows fromOperating Activities | ||
| Netincome | ||
| Adjustments for noncash effects: | ||
| Changesin current assets and current liabilities: | ||
| Net cash flows from operatingactivities | ||
| Cash Flows fromInvesting Activities | ||
| Netcash flows from investing activities | ||
| Cash Flows fromFinancing Activities | ||
| Net cash flows from financingactivities | ||
| Net increase(decrease) in cash | $ | (28,000) |
| Cash at thebeginning of the period | 90,000 | |
| Cash at the end ofthe period | $ | 62,000 |
Below, in random order, are line items to be included in thestatement of cash flows. |
| Cash received fromthe sale of land | $ 4,000 |
| Issuance of commonstock | 300,000 |
| Depreciationexpense | 30,000 |
| Increase in accountsreceivable | 70,000 |
| Increase in accountspayable | 11,000 |
| Loss on sale ofland | 8,000 |
| Purchase ofequipment | 230,000 |
| Increase ininventory | 40,000 |
| Increase in prepaidrent | 11,000 |
| Payment ofdividends | 50,000 |
| Net income | 80,000 |
| Repayment of notespayable | 60,000 |
| Required: |
Prepare the statement of cash flows for CPU Hardware Designersusing the indirect method. (List cash outflows and any decrease in cashas negative amounts. Enter your answers inthousands.) |
| CPU HARDWARE DESIGNERS | ||
| Statement of Cash Flows | ||
| For the Year Ended December 31, 2015 | ||
| Cash Flows from Operating Activities: | ||
| Adjustments to reconcile net income to net cash flows fromoperating activities | ||
| Net cash flows from operating activities | $0 | |
| Cash Flows from Investing Activities: | ||
| Net cash flows from investing activities | 0 | |
| Cash Flows from Financing Activities: | ||
| Net cash flows from financing activities | 0 | |
| Cash at the beginning of the period | ||
| Cash at the end of the period | $0 | |
