CFS_Problems_Update_2

CFS_Problems_Update_2 - Cash Flow Statement (direct method)...

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Cash Flow Statement (direct method) For year ending 12/31/2007 Cash flows from operating activities: Cash inflows: Cash outflows: Net cash flows from opearting activities Cash flows from investing activities: Net cash flows from investing activities Cash flows from financing activities Net cash flows from financing activities Net increase (decrease) in cash Beginning Cash balance (12/31/06) Ending cash balance (12/31/07)
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Seesar Flappits Solution Operating Section (direct method) For year ending 12/31/2007 Cash flows from operating activities: Cash inflows: Cash from customers (464,000 -16,000) $448,000 Cash outflows: Paid to suppliers (296k + 9,300 + 4,680) (300,620) Paid for interest (1,200 - 500) (700) Paid to employees (130,000 - 5,000) (125,000) Net cash flows from opearting activities 21,680
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ACCT 100 Cash Flow Statements In-class Example #1 Sales Revenue 65,500 Expenses Cost of Good Sold (36,000) Salaries expense (18,400) Interest expense (3,320) Depreciation Exp (2,800) Total Expenses (60,520) Net Income 4,980 Beginning and Ending Balances for Selected Balance Sheet Accounts 12/31/2003 12/31/2002 Change Cash Balance 1,200 1,400 (200) Accounts Receivable 14,800 10,000 4,800 Inventory 7,200 5,000 2,200 Accounts Payable 9,200 4,600 4,600 Salaries Payable 6,000 8,100 (2,100) Interest Payable 1,030 1,010 20 Other cash-related transactions sold equipment for 3,000 issued stock for 5,000 purchased machinery 5,300 paid dividends of 6,200
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Chapter 14 Cash Flow Statement Problem (Direct Method) In-class example #2 Income Statement for Period ending 12/31/07 Other cash-related events during FY 2007 Sales Revenue $85,000 Purchased equipment for $5,000 Cost of good sold (20,000) Sold shares of stock for $3500 Gross Profit 65,000 Issued bonds for $4,500 Distributed dividends of $10,000 Operating Expenses: Salaries expense (23,000) Depreciation expense (5,000) Rent expense (3,000) Operating revenue 34,000 Other items Interest expense (2,000) Net Income 32,000 Comparative Balance Sheet as of 12/31/07 Assets
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This note was uploaded on 09/09/2011 for the course ACCT 100 taught by Professor Ftom during the Spring '08 term at S.F. State.

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CFS_Problems_Update_2 - Cash Flow Statement (direct method)...

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