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using the data below make a statement of cash flow using an indirect method

using the data below make a statement of cash flow using an indirect method

FINANCIAL ACCOUNTING
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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using the data below make a statement of cash flow using an indirect method

ENN MANUFACTURING ENN MANUFACTURING Projected Statements of Profits and Losses Projected Statements in Financial Position For the Periods Ended December 31, 2022-2023 For the Periods Ended December 31, 2022-2023 2022 2023 2022 2023 Sales Less: Sales Returns and Allowances Net Sales 1,985,657.14 2,188,988.43 ASSETS 19,856.57 21,889.88 |Current Assets 1,965,800.57 2,167,098.55 Cash and Cash Equivalent 624,326.14 826,489.63 Less: Cost of Goods Sold 1,187,695.08 1,322,608.33 Accounts Receivable 198,565.71 218,898.84 Gross Profit 778,105.49 844,490.22 Inventories 11,996.92 13,488.21 Less: Operating Expenses Taxes and Licenses Fees Office Supplies Total Depreciation-Office Cleaning and Hygiene Supplies Admin Salary Office Tools Total Operating Expenses Operating Income Provision for Income Tax (20%) Total Current Assets 834,888.78 1,058,876.68 10,253.00 10,253.00 Noncurrent Assets 5,825.00 5,941.50 Property, Plant and Equipment 45,275.60 28,758.20 2,739.00 2,739.00 Total Noncurrent Assets 45,275.60 28,758.20 3,916.00 3,916.00 Total Assets 880,164.38 1.087,634.88 415,896.00 436,690.80 721.00 721.00 LIABILITIES AND EQUITY 439,350.00 460,261.30 Current Liabilities 338,755.49 384,228.92 Accrued Liability 4,195.84 4,195.84 751.10,ף 76,845.78 Таx Payable 4,964.14 5,051.51 Net Income 271,004.39 307,383.14 Total Current Liabilities 9,159.98 9,247.35 Total Liabilities 9,159.98 9,247.35 Equity Mayuga, Capital 435,502.20 539,193.77 Nolasco, Capital 435,502.20 539,193.77 Total Equity 871,004.39 1,078,387.53 Total Liabilities and Equity 880,164.38 1,087,634.88
Transcribed Image Text:ENN MANUFACTURING ENN MANUFACTURING Projected Statements of Profits and Losses Projected Statements in Financial Position For the Periods Ended December 31, 2022-2023 For the Periods Ended December 31, 2022-2023 2022 2023 2022 2023 Sales Less: Sales Returns and Allowances Net Sales 1,985,657.14 2,188,988.43 ASSETS 19,856.57 21,889.88 |Current Assets 1,965,800.57 2,167,098.55 Cash and Cash Equivalent 624,326.14 826,489.63 Less: Cost of Goods Sold 1,187,695.08 1,322,608.33 Accounts Receivable 198,565.71 218,898.84 Gross Profit 778,105.49 844,490.22 Inventories 11,996.92 13,488.21 Less: Operating Expenses Taxes and Licenses Fees Office Supplies Total Depreciation-Office Cleaning and Hygiene Supplies Admin Salary Office Tools Total Operating Expenses Operating Income Provision for Income Tax (20%) Total Current Assets 834,888.78 1,058,876.68 10,253.00 10,253.00 Noncurrent Assets 5,825.00 5,941.50 Property, Plant and Equipment 45,275.60 28,758.20 2,739.00 2,739.00 Total Noncurrent Assets 45,275.60 28,758.20 3,916.00 3,916.00 Total Assets 880,164.38 1.087,634.88 415,896.00 436,690.80 721.00 721.00 LIABILITIES AND EQUITY 439,350.00 460,261.30 Current Liabilities 338,755.49 384,228.92 Accrued Liability 4,195.84 4,195.84 751.10,ף 76,845.78 Таx Payable 4,964.14 5,051.51 Net Income 271,004.39 307,383.14 Total Current Liabilities 9,159.98 9,247.35 Total Liabilities 9,159.98 9,247.35 Equity Mayuga, Capital 435,502.20 539,193.77 Nolasco, Capital 435,502.20 539,193.77 Total Equity 871,004.39 1,078,387.53 Total Liabilities and Equity 880,164.38 1,087,634.88
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