The records of Rangler Paper Co. reflect the select data provided below for the reporting period ended 31 December 20X5. Statement of Financial Position Data Paid cash dividend Established restricted construction cash fund (a long-term investment) to build a new building Increased inventory of merchandise Borrowed on a long-term note Acquired five acres of land for a future site for the company; paid in full by issuing 3,150 shares of Rangler common shares, when the quoted market price per share was $15 Increase in prepaid expenses Decrease in accounts receivable Payment of bonds payable in full at book value. Increase in accounts payable Cash from disposal of old operational assets (sold at book value) Decrease in rent receivable. Statement of Comprehensive Income Sales revenue. Rent revenue. Cost of goods sold Depreciation expense Remaining expenses Net earnings and comprehensive income $403,000 11,500 (193,000) (21,500) (98,500) $101,500 $13,000 61,500 15,500 26,500 47,250 3,300 7,300 98,500 5,600 12,300 2,600 Required: Prepare the SCF using the indirect method for operating activities. Group all changes in non-cash working capital in operations as one. amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $63,500. (Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with minus sign)
The records of Rangler Paper Co. reflect the select data provided below for the reporting period ended 31 December 20X5. Statement of Financial Position Data Paid cash dividend Established restricted construction cash fund (a long-term investment) to build a new building Increased inventory of merchandise Borrowed on a long-term note Acquired five acres of land for a future site for the company; paid in full by issuing 3,150 shares of Rangler common shares, when the quoted market price per share was $15 Increase in prepaid expenses Decrease in accounts receivable Payment of bonds payable in full at book value. Increase in accounts payable Cash from disposal of old operational assets (sold at book value) Decrease in rent receivable. Statement of Comprehensive Income Sales revenue. Rent revenue. Cost of goods sold Depreciation expense Remaining expenses Net earnings and comprehensive income $403,000 11,500 (193,000) (21,500) (98,500) $101,500 $13,000 61,500 15,500 26,500 47,250 3,300 7,300 98,500 5,600 12,300 2,600 Required: Prepare the SCF using the indirect method for operating activities. Group all changes in non-cash working capital in operations as one. amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $63,500. (Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with minus sign)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The records of Rangler Paper Co. reflect the select data provided below for the reporting period ended 31 December 20X5.
Statement of Financial Position Data
Paid cash dividend
Established restricted construction cash fund (a long-term investment) to
build a new building
Increased inventory of merchandise
Borrowed on a long-term note
Acquired five acres of land for a future site for the company; paid in full
by issuing 3,150 shares of Rangler common shares, when the quoted market
price per share was $15
Increase in prepaid expenses
Decrease in accounts receivable
Payment of bonds payable in full at book value.
Increase in accounts payable
Cash from disposal of old operational assets (sold at book value)
Decrease in rent receivable
Statement of Comprehensive Income
Sales revenue
Rent revenue
Cost of goods sold
Depreciation expense
Remaining expenses
Net earnings and comprehensive income
$403,000
11,500
(193,000)
(21,500)
(98,500)
$101,500
$13,000
61,500
15,500
26,500
47,250
3,300
7,300
98,500
5,600
12,300
2,600
Required:
Prepare the SCF using the indirect method for operating activities. Group all changes in non-cash working capital in operations as one
amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash
balance of $63,500. (Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with
minus sign.)
Transcribed Image Text:Dok
Adjustments
Statement of Cash Flows
Year Ended 31 December 20X5
(in '000's)
Net cash inflows (outflows) from operating activities:
Net cash inflow (outflow) from operating activities
Cash inflows (outflows) from investing activities:
MIVUUMEPITE
Net cash inflow (outflow) from investing activities
Cash inflows (outflows) from financing activities:
Net cash inflow (outflow) from financing activities
Net increase (decrease) in cash
Beginning cash balance, 1 January 20X5
Ending cash balance, 31 December 20X5
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