cornerstones chp 13

cornerstones chp 13 - was prepared for the period ending...

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Chapter 13 Statement of Cash Flows May 26, 2011 Accounting 2102 1
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What information does the Statement of Cash Flows provide? • Operations • Obligations • Explanations • Distributions May 26, 2011 2 Accounting 2102
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Cash Flow Reporting Statement can be constructed using either of the following methods: •  Indirect Method  . . . used by 99% of companies •  Direct Method  . . . used by 1% of companies Statement divided into 3 sections: • Operating • Investing • Financing May 26, 2011 3 Accounting 2102
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Against the Wind, LLC is a manufacturer of running shoes. The following statement
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Unformatted text preview: was prepared for the period ending 12.31.07. Operating Activities Net Loss (27,000) $ Add: Decrease in AR 17,000 Increase in AP 11,000 Depreciation 6,000 Less: Increase in Inventory (50,000) Decrease in Salaries Payable (5,000) Net Cash Flow from Operations (48,000) Investing Activities Proceeds from Sale of Land 32,000 Financing Activities Dividends paid (3,000) Net change in cash (19,000) Cash, beginning 90,000 Cash, ending 71,000 $ Again st the Win d, LLC Statement of Cash Flows For the Period Ending 12.31.07 let’s interpret the statement . . . May 26, 2011 4 Accounting 2102...
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