View the step-by-step solution to: Please see the attched document for my question. The onl y think that needs to b...

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Please see the attched document for my question. The onl y think that needs to be done is to complete the operating activities section of the statement of cash flow based on teh information provided.
Exercise 23-4.docx

Exercise234(PreparationofOperatingActivitiesSectionDirectMethod)
TheincomestatementofRodriquezCompanyisshownbelow.

RODRIQUEZCOMPANY
IncomeStatement
FortheYearEndedDecember31,2010
Sales



$6,900,000

Costofgoodssold





Beginninginventory

1,900,000



Purchases

4,400,000



Goodsavailableforsale

6,300,000



Endinginventory

1,600,000



Costofgoodssold



4,700,000

Grossprofit



2,200,000

Operatingexpenses





Sellingexpenses

450,000



Administrativeexpenses

700,000

1,150,000



$1,050,000

Netincome
Additionalinformation:

1.
2.
3.
4.
5.

Accountsreceivabledecreased$310,000duringtheyear.
Prepaidexpensesincreased$170,000duringtheyear.
Accountspayabletosuppliersofmerchandisedecreased$275,000duringtheyear.
Accruedexpensespayabledecreased$120,000duringtheyear.
Administrativeexpensesincludedepreciationexpenseof$60,000.

Instructions
CompletetheoperatingactivitiessectionofthestatementofcashflowsfortheyearendedDecember31,2010,for
RodriquezCompany,usingthedirectmethod.(Enterallamountsaspositiveandsubtractwherenecessary. List
amountsfromlargesttosmallesteg10,5,3,2.)
RODRIQUEZCOMPANY
PartialStatementofCashFlows
FortheYearEndedDecember31,2010
Cashflowsfromoperatingactivities







$


$





$


Netcashbyoperatingactivities

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Dear Student Please find attached solution of your assignment. Regards View the full answer

Accounting.doc

Exercise234(PreparationofOperatingActivitiesSectionDirectMethod)
TheincomestatementofRodriquezCompanyisshownbelow.

RODRIQUEZCOMPANY
IncomeStatement
FortheYearEndedDecember31,2010
Sales...

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