Chapter 23 HW - E5-15 a)SONDEGAARD of Cash FlowsFor the Year Ended Cash flows from operating activitiesNet

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: E5-15( a )SONDEGAARD CORPORATIONStatement of Cash FlowsFor the Year Ended December 31, 2010Cash flows from operating activitiesNet income………………………………………………………..Depreciation expense………………………………………..$17,000 Loss on sale of investments…………………………………..$7,000 Decrease in accounts receivable……………………………..$5,000 Decrease in current liabilities…………………………………($17,000)Net cash provided by operating activities…………………………..Cash flows from investing activitiesSale of investments[($74,000 - $52,000) - $7,000]…………………………………$15,000 Purchase of equipment…………………………………………….($58,000)Net cash used by investing activities………………………………..Cash flows from financing activitiesPayment of cash dividends…………………………………………Net increase in cash …………………………………………………….Cash at beginning of year………………………………………………..Cash at end of year……………………………………………………..( b )Free Cash Flow AnalysisNet cash provided by operating activities………………………………..Less: Purchase of equipment……………………………………………Dividends………………………………………………………..Free cash flow………………………………………………………….Adjustments to reconcile net income to net cash provided by operating activities: $160,000 $12,000 $172,000 ($43,000)($50,000)$79,000 $78,000 $157,000 $172,000 ($58,000)($50,000)$64,000 BE23-3( a )P - I( j )A( b )A( k )D( c )R - F( l )R - F( d )D( m )N( e )R - I( n )D( f )R - I, D( o )R - F( g )P - F( p )P - F( h )D( q )R - I, A( i )P - I( r )P - FE23-2( a )Plant assets (cost)………………………………………………………$25,000 Accumulated depreciation ([$25,000 / 10] x 6)…………………………$15,000 Book value at date of sale………………………………………………...
View Full Document

This note was uploaded on 12/13/2009 for the course ACCOUNTING ACC 100 A taught by Professor A during the Fall '09 term at University of Phoenix.

Page1 / 8

Chapter 23 HW - E5-15 a)SONDEGAARD of Cash FlowsFor the Year Ended Cash flows from operating activitiesNet

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online