Exercise #5Bronx Company provided the following financial statements for the years 2011 and 2012:Assets201231,000201153,00087,000346,000432,000918,0001,113,002031,000CashMarketable securitiesAccounts receivable528,000683,0001,242,001,398,0002,640,000InventoriesCurrent assetsNet fixed assetsTotal AssetsLiabilies &EquityAccounts payableAccrued expensesBank borwingsCurrent labiltiesCommon stockRetained eamingsTotalliabilities & equity413,000226,000100,000739.000100,0001,192.0002031.000627,000314000235,0001,176,000100,0001,364,002, 640,000Note: For 2012, depreciation was P189,000 interest paid was P21,000; taxes paid amounted toP114,000; and no dividends were paid.Required:Prepare a statement of cash flows using the indirect method. Create charts using Excel to highlight thefirm's flow of cash.

For review of liquidity position of the business, cash is very important to be managed. For proper…

Exercise #5 Bronx Company provided the following fnancial statements for the years 2011 and 2012: 2011 53,000 87,000 346,000 432,000 918,000 1,113,000 2031.000 2012 31,000 Assets Cash Marketable securites Accounts receivable 528,000 683.000 1,242,000 1,398,000 2. 640,000 Inventories Current assets Net fixed assets Total Assets Liabilies & Equity Accounts payable Accrued expenses Bank borrowings Current liabilities Common stock Retained earnings Total libiltes & equity 413,000 226,000 100,000 739,000 100,00 1,192,000 2.031,000 627,000 314,000 235,000 1,176,000 100,000 1,364000 2.640.000 Note: For 2012, depreciation was P189,000 interest paid was P21,00; taves paid amounted to P114,000, and no dividends were paid. Required: Prepare a statement of cash flows using the indirect method. Create chars using Excel to highight the firm's flow of cash.

Exercise #5 Bronx Company provided the following fnancial statements for the years 2011 and 2012: 2011 53,000 87,000 346,000 432,000 918,000 1,113,000 2031.000 2012 31,000 Assets Cash Marketable securites Accounts receivable 528,000 683.000 1,242,000 1,398,000 2. 640,000 Inventories Current assets Net fixed assets Total Assets Liabilies & Equity Accounts payable Accrued expenses Bank borrowings Current liabilities Common stock Retained earnings Total libiltes & equity 413,000 226,000 100,000 739,000 100,00 1,192,000 2.031,000 627,000 314,000 235,000 1,176,000 100,000 1,364000 2.640.000 Note: For 2012, depreciation was P189,000 interest paid was P21,00; taves paid amounted to P114,000, and no dividends were paid. Required: Prepare a statement of cash flows using the indirect method. Create chars using Excel to highight the firm's flow of cash.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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