STATEMENT OF CASH FLOW EXAMPLEKerby Company has prepared the following Balance Sheets for 2023 and 2022.Cash12/31/23$ 5612/31/22$ 40Accounts receivable4142Fixed assets579465Accumulated depreciation(170)(140)$506$407Accounts payableMortgage payablePreferred stock$ 74$ 6020181Additional Paid-In Capital - preferred70Common stockRetained earnings10061២៩៩៩88100100$506$4071. On 8/1/23, Kerby sold a fixed asset with a cost of $91 and book value of $66 for $67.2. Retained Earnings was adjusted by dividends and net income only.3. Net Income in 2023 was $80.a. Net Cash Provided by Operations is $b. Net Cash Used by Investments is $c. Net Cash Provided by Financing is $

The objective of the question is to prepare a statement of cash flows for Kerby Company for the year…

Answered: STATEMENT OF CASH FLOW EXAMPLE Kerby…

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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Hy9vKm0jUnAg/formResponse?plis1 Consider the following statement of cash flows for Chicken Fil-A company. (in thousands) Cash flows from operating activities (CFO): 2020 2019 Net income Adjustments to reconcile net income to CFO: $8,100 $6,800 Depreciation and amortization 3,100 1,600 Deferred income taxes Other non-cash items 900 700 (600) (700) (Increase) decrease in operating assets and liabilities: Accounts receivable (7,800) (2,300) (2,100) (900) (1,300) Inventories 1,700 Other current assets 2,000 Accounts payable Income taxes payable Accrued liabilities 4,100 (800) 400 1,700 700 Net CFO 1,500 13.800 Cash flows from investing activities: Purchases of property and equipment Net cash used by investing activities Cash flows from financing activities: Proceeds from common stock sales (800) (800) (1,200) (1,200) 4,600 (1,100) (3,300) 4,700 100 Proceeds (repayments) of short-term debt Repayment of long-term debt Net cash provided by financing activities (200) 4.600 5,300 200 12,800 Net…
Prepare a statement of cash flows using the indirect method. unit IV question 15
Trent Co. reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Purchase of treasury stock Payments of debt Trent's free cash flow is O $20000. O $90000. O $210000. O $310000. $430000 300000 200000 120000 220000 22000 70000-
Question Content Area Comprehensive: Balance Sheet from Statement of Cash Flows Mills Company prepared the following balance sheet at the beginning of 2016: Balance SheetJanuary 1, 2016 Assets Liabilities and Shareholders' Equity Cash $ 1,000 Accounts payable $ 4,000 Accounts receivable (net) 3,900 Salaries payable 1,100 Inventory 4,700 Total Liabilities $ 5,100 Land 9,800 Common stock, $10 par 13,500 Buildings and equipment 68,900 Additional paid-in capital 11,200 Less: Accumulated depreciation (14,100) Retained earnings 44,400 Total Assets $ 74,200 Total Liabilities and Shareholders' Equity $74,200 At the end of 2016, Mills prepared the following statement of cash flows: Statement of Cash FlowsFor Year Ended December 31, 2016 Operating Activities: Net income $ 5,400 Adjustments for differences between income flowsand cash flows from operating activities: Add: Depreciation expense 1,900 Decrease in…
Prepare the Cash Flow Statement for the year ended 31 December 2022 using info below The information given below was extracted from the accounting records of Excellence Limited Information from the Statement of Financial Position as at 2022 R 2021 R Ordinary share capital 750 000 580 000 Retained earnings 145 000 60 000 Property, plant and equipment (see note) 475 000 410 000 Investments 248 000 220 000 12.5% Debentures 125 000 120 000 Inventory 320 000 260 000 Trade debtors 57 000 67 500 Bank ? Prepaid expenses 15 500 2 500 Trade creditors 60 000 85 000 Bank overdraft 50 000 South African Revenue Services 25 000 40 000 Extract from the Statement of Comprehensive Income for the year ended 31 December 2022 Profit before interest and tax 342 000 Depreciation on equipment 25 000 Dividends received on investment 30 000 Interest on debentures 22 500…
What is the firm's cash flow from financing?
Wyoming Company uses the indirect method to prepare its statement of cash flows. Refer to the following portion of the comparative balance sheet Wyoming Company Comparative Balance Sheet December 31, 2024 and 2023 2024 2023 Common Stock Retained Earnings Treasury Stock Total Equity $17,000 114,000 (8,200) $122,800 $12,500 79,000 (5,300) $86,200 Note: 1. There was no retirement of stock during the year. 2. There were sales of treasury stock during the year. 3. Common Stock was issued for cash. Which of the following statements is correct? Increase/(Decrease) $4,500 35,000 (2,900) $36,600 OA. There was a positive cash flow of $4,500 from the issuance of Common Stock. OB. There was zero net cash flow from transactions involving Common Stock. OC. There was a negative cash flow of $4,500 from the issuance of Common Stock. OD. There was positive cash flow of $17,000 from issuance of Common Stock.
Can you please help me prepare the Cash Flow Statement of Harmony Limited for the year ended 31 December 2020.
Balance Sheet for Bearcat Hathaway, 2022 2021 2022 Cash Accounts Receivable Inventory Current Assets Accum.Depreciation Net Fixed Assets Gross Fixed Assets $16,251,665 $20,567,330 Less $7,460,897 $10,117,819 Total Assets O 11.58% O 44.90% O 8.37% $5,268,485 $10,268,485 O 4.35% $2,574,230 $2,314,672 O 6.02% $529,062 $696,685 $8,371,777 $13,279,842 Total Liabilities and Equity What is the common size value for 2022 Notes Payable? $8,790,768 $10,449,511 $17,162,545 $23,729,353 Current Liabilities 2021 Accounts Payable Notes Payable $1,033,110 $1,987,233 2022 $1,673,992 $2,438,271 $2,707,102 $4,425,504 Long Term Debt $9,242,830 $11,468,302 Total Liabilities $11,949,932 $15,893,806 Common Stock ($0.50 par) $1,300,000 $1,600,000 Capital Surplus $1,148,120 $1,800,969 Retained $2,764,493 $4,434,578 Earnings $17,162,545 $23,729,353
Sunland Co. reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Purchase of treasury stock Payments of debt Sunland's free cash flow is $192000. $292000. $62000. O $16000. $422000 314000 214000 130000 230000 23000 72000
Smirnoff Corporation's net cash flows from operating activities on its cash flows statement for 2024 are? Thank you!
How would you prepare a statement of Cash Flows using the following information? Maple Group Ltd Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/Decrease Assets Cash and cash Equivalent $ 51,500.00 $ 45,400.00 $ 6,100.00 Accounts Receivable $ 51,100.00 $ 61,400.00 $ 10,000.00 Inventories $ 61,400.00 $ 51,900.00 $ 9,500.00 Fixed Assets, net $ 160,000.00 $ 110,000.00 $ 50,000.00 Total Assets $ 324,000.00 $ 268,700.00 $ 55,600.00 Liabilities Accounts Payable $ 35,450.00 $ 27,800.00 $ 7,650.00 Accrued liabilities $ 31,000.00 $ 37,550.00 -$ 6,550.00 Long-term notes payable $ 60,000.00 $ 78,540.00 -$ 18,540.00 Stockholders Equity: Common Stock $ 143,050.00 $ 105,110.00 $ 37,940.00 Retained Earnings $ 54,800.00 $ 19,700.00 $…

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