Indirect Cash Flow)

Indirect Cash Flow) - Retained earnings 2,450.00 1,900.00...

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Indirect Method P1216 Steps in preperation The first thing you do to prepare a statement of cash flow is look at the comparitive balance sheet 2009 2008 Cash 25000 15000 10000 A/R 12000 20000 -8000 Then look at the current income satement data help determine the amount of cash provided by or From the selected transaction data from the general ledger provide aditional detailed information n ** Look at page 1218 and 1219
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t and comopare the change between the two years r used by operations during the period needed to determine how the company provided or used cash during the period
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Cash 1,800.00 1,150.00 650.00 * Mark each account a Accounts Recievable 1,750.00 1,300.00 450.00 Inventory 1,600.00 1,900.00 (300.00) Plant assets 1,900.00 1,700.00 200.00 Accum Dep (1,200.00) (1,170.00) (30.00) Long Term inv 1,300.00 1,420.00 (120.00) 7,150.00 6,300.00 850.00 Accounts Payable 1,200.00 900.00 300.00 Accrued liabli 200.00 250.00 (50.00) Bonds Payable 1,400.00 1,550.00 (150.00) Capital stock 1,900.00 1,700.00 200.00
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Unformatted text preview: Retained earnings 2,450.00 1,900.00 550.00 7,150.00 6,300.00 850.00 Pat Metheny Statement of Cash Flows For December 31, 2008 Cash Flow From Operating Activites Net Income 810.00 Adjustments to reconcile net income to net cash Cash Provided by operating activities: Depreciation Expense 30.00 Increase in A/R (450.00) Decrease in Inventory 300.00 Accounts Payable 300.00 Decrease in Accrued Liability (50.00) Gain on sale of investments (80.00) 50.00 50.00 860.00 Cash Flow from investing Activities Sale of held to maturity investment 200.00 Purchase of plant assets (130.00) Net Cash provided by investing 70.00 70.00 Cash Flow from financing Sale of Capital Stock 130.00 Retirement of Bond (150.00) Payment of Dividends (260.00) Net cash used by financing activities (280.00) (280.00) Net increase in cash 650.00 as you put it into cash flow Derived from accumulated depreciation from comparative balance sheet Page 1239From income statement...
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Indirect Cash Flow) - Retained earnings 2,450.00 1,900.00...

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