Homework Help is Here – Start Your Trial Now!
Business
Accounting
CashPlusCo The firm declared and paid $400 in dividends during the year. You have to prepare the cash flow statement. You can do it your way, or you can follow the steps below: 1. The total change in accounts is given in the "change" column. = - 2. Change in cash Change in assets + Changes in contra-assets, liabilities, and equity. This formula is already entered for the change in cash in the ICF, FCF, and OCF columns. 3. Identify changes in accounts due to investing activities. 4. Identify changes in accounts due to financing activities. 5. Subtract changes due to investing and financing activities from the total change to arrive at changes due to operating activities. This formula is already entered in the OCF column. 6. Use this information to prepare the cash flow statement. 7. If your computations have errors, then the check cells will not be blank. Assets Cash Receivables [Accrued revenues] Inventories Gross PPE:A Accumulated depreciation: A Gross PPE: B Accumulated depreciation: B Liabilities Payables to suppliers Debt Equity Contributed capital Retained earnings [Compute missing number] Check Cash Flow Statement [YOU MAY NOT NEED ALL ROWS.] |= OCF [Indirect format] ICF [Direct format] (Dividends) FCF [Direct format] = Net cash flows 1 200.00 500.00 600.00 2 Change ICF FCF 500.00 300.00 0.00 OCF 0.00-330.00 100.00 100.00 400.00 500.00 100.00 100.00 800.00 800.00 0.00 0.00 600.00 700.00 100.00 100.00 0.00 400.00 400.00 400.00 0.00 100.00 100.00 100.00 500.00 700.00 200.00 200.00 200.00 300.00 100.00 100.00 300.00 370.00 70.00 70.00 300.00 -300.00 -300.00 630.00 630.00 Effect on cash -400.00 330.00 Check Check Check 300.00 Check

CashPlusCo The firm declared and paid $400 in dividends during the year. You have to prepare the cash flow statement. You can do it your way, or you can follow the steps below: 1. The total change in accounts is given in the "change" column. = - 2. Change in cash Change in assets + Changes in contra-assets, liabilities, and equity. This formula is already entered for the change in cash in the ICF, FCF, and OCF columns. 3. Identify changes in accounts due to investing activities. 4. Identify changes in accounts due to financing activities. 5. Subtract changes due to investing and financing activities from the total change to arrive at changes due to operating activities. This formula is already entered in the OCF column. 6. Use this information to prepare the cash flow statement. 7. If your computations have errors, then the check cells will not be blank. Assets Cash Receivables [Accrued revenues] Inventories Gross PPE:A Accumulated depreciation: A Gross PPE: B Accumulated depreciation: B Liabilities Payables to suppliers Debt Equity Contributed capital Retained earnings [Compute missing number] Check Cash Flow Statement [YOU MAY NOT NEED ALL ROWS.] |= OCF [Indirect format] ICF [Direct format] (Dividends) FCF [Direct format] = Net cash flows 1 200.00 500.00 600.00 2 Change ICF FCF 500.00 300.00 0.00 OCF 0.00-330.00 100.00 100.00 400.00 500.00 100.00 100.00 800.00 800.00 0.00 0.00 600.00 700.00 100.00 100.00 0.00 400.00 400.00 400.00 0.00 100.00 100.00 100.00 500.00 700.00 200.00 200.00 200.00 300.00 100.00 100.00 300.00 370.00 70.00 70.00 300.00 -300.00 -300.00 630.00 630.00 Effect on cash -400.00 330.00 Check Check Check 300.00 Check

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 5MAD
See similar textbooks
icon
Related questions
Question

j08-05 

Please help me fill in the blanks 

CashPlusCo The firm declared and paid $400 in dividends during the year. You have to prepare the cash flow statement. You can do it your way, or you can follow the steps below: 1. The total change in accounts is given in the "change" column. = - 2. Change in cash Change in assets + Changes in contra-assets, liabilities, and equity. This formula is already entered for the change in cash in the ICF, FCF, and OCF columns. 3. Identify changes in accounts due to investing activities. 4. Identify changes in accounts due to financing activities. 5. Subtract changes due to investing and financing activities from the total change to arrive at changes due to operating activities. This formula is already entered in the OCF column. 6. Use this information to prepare the cash flow statement. 7. If your computations have errors, then the check cells will not be blank. Assets Cash Receivables [Accrued revenues] Inventories Gross PPE:A Accumulated depreciation: A Gross PPE: B Accumulated depreciation: B Liabilities Payables to suppliers Debt Equity Contributed capital Retained earnings [Compute missing number] Check Cash Flow Statement [YOU MAY NOT NEED ALL ROWS.] |= OCF [Indirect format] ICF [Direct format] (Dividends) FCF [Direct format] = Net cash flows 1 200.00 500.00 600.00 2 Change ICF FCF 500.00 300.00 0.00 OCF 0.00-330.00 100.00 100.00 400.00 500.00 100.00 100.00 800.00 800.00 0.00 0.00 600.00 700.00 100.00 100.00 0.00 400.00 400.00 400.00 0.00 100.00 100.00 100.00 500.00 700.00 200.00 200.00 200.00 300.00 100.00 100.00 300.00 370.00 70.00 70.00 300.00 -300.00 -300.00 630.00 630.00 Effect on cash -400.00 330.00 Check Check Check 300.00 Check
Transcribed Image Text:CashPlusCo The firm declared and paid $400 in dividends during the year. You have to prepare the cash flow statement. You can do it your way, or you can follow the steps below: 1. The total change in accounts is given in the "change" column. = - 2. Change in cash Change in assets + Changes in contra-assets, liabilities, and equity. This formula is already entered for the change in cash in the ICF, FCF, and OCF columns. 3. Identify changes in accounts due to investing activities. 4. Identify changes in accounts due to financing activities. 5. Subtract changes due to investing and financing activities from the total change to arrive at changes due to operating activities. This formula is already entered in the OCF column. 6. Use this information to prepare the cash flow statement. 7. If your computations have errors, then the check cells will not be blank. Assets Cash Receivables [Accrued revenues] Inventories Gross PPE:A Accumulated depreciation: A Gross PPE: B Accumulated depreciation: B Liabilities Payables to suppliers Debt Equity Contributed capital Retained earnings [Compute missing number] Check Cash Flow Statement [YOU MAY NOT NEED ALL ROWS.] |= OCF [Indirect format] ICF [Direct format] (Dividends) FCF [Direct format] = Net cash flows 1 200.00 500.00 600.00 2 Change ICF FCF 500.00 300.00 0.00 OCF 0.00-330.00 100.00 100.00 400.00 500.00 100.00 100.00 800.00 800.00 0.00 0.00 600.00 700.00 100.00 100.00 0.00 400.00 400.00 400.00 0.00 100.00 100.00 100.00 500.00 700.00 200.00 200.00 200.00 300.00 100.00 100.00 300.00 370.00 70.00 70.00 300.00 -300.00 -300.00 630.00 630.00 Effect on cash -400.00 330.00 Check Check Check 300.00 Check
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
Financial Accounting Intro Concepts Meth/Uses
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:
9781285595047
Author:
Weil
Publisher:
Cengage
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS