CH 16 Homework

Module Four

ACCT2140

EX 16-5
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash flow from operating activities:
Net Income
$92,000
Adjustments to reconcile net income to net
cash flow from operating activities:
Depreciation
18,600
Changes in accounts receivable:
Increase in accounts receivable
(1,200)
Decrease in inventory
1,900
Increase in prepaid expenses
(500)
Increase in accounts payable
3,100
Decrease in wages payable
(2,200)
Net cash flow from operating activities:
Cash flows from financing activities
Less: Wages payable
2,200
Net cash flow used for financing
activities
Increase in cash
Cash at beginning of year
Cash at end of year

111,700
109,500
2,500
44,200
46,700

EX 16-16
a.
JONES SODA CO.
Cash Flows from Operating Activities
(in thousands)

Lois King

Cash flows from operating

activities:
Net income
Adjustments to reconcile net
income to net
cash flow from operating
activities:
Depreciation
Stock-based compensation
expense
Changes in current operating assets and
liabilities:
Increase in accounts
receivable
Increase in inventories
Increase in prepaid
expenses
Increase in accounts
payable
Net cash flow used in operating
activities
b.

$1,330

193
20

(1,328)
(1,550)
(124)
686
($773)

After calculating the results per the adjustments and changes of the Cash
Flows from Operations Activities, it has been concluded that there is a
loss of $773.

PR 16-2A
PORTABLE LUGGAGE COMPANY

Statement of Cash Flows

For the Year Ended December 31, 2008
Cash flows from operating activities:
Net income
Adjustments to reconcile net
income to net cash
flow from operating activities:
Depreciation
Add:
Patent amortization
Changes in current operating
assets and liabilities:
Increase in accounts
receivable
Deduct:
Decrease in inventories
Increase in prepaid
expenses
Decrease in accounts
payable
Decrease in salaries
payable
Net cash flow from operating activities
Cash flows from investing activities:
Cash paid for
construction of building
Net cash flow used for
investing activities
Cash flows from financing activities:
Cash received from
issuance of mortgage
note
Cash paid for dividends

$ 204,800

29,500
5,500

(29,100)
53,500
(2,500)
(35,600)
(4,400)
$221,700
$ 230,000
(230,000)

$ 90,000

49,000

Net cash flow provided

by financing activities
Increase in cash
Cash at the beginning of the year
Cash at the end of the year
Schedule of Noncash Financing and
Investing Activities:
Issuance of common
stock to retire bonds

41,000
32,700
143,200
175,900

154,000

PR 16-4A
GREEN EARTH LAWN AND GARDEN INC.
Statement of Cash Flows
For the Year Ended December 31, 2009
Cash flows from operating activities:
Net loss, per income
Cash received from customers
statement
Add:
Ded
Cash payments for
uct:
merchandise
Cash payments for
operating expenses
Cash payments for
income tax
Net cash flow from operating
activities
Cash flows from investing activities:

$923,
700
$472,
200
281,3
00
62,30
0

815,8
00
$107,
900

Cash received from sale of

investments
Less: Cash paid for land
Cash paid for equipment

$122,
000
$200,
000
50,00
0

250,0
00

Net cash flow used for investing

activities
Cash flows from financing activities:
Cash received from sale of
common stock
Less: Cash paid for dividends

(128,
000)
$102,
000
86,30
0

Net cash flow provided by

financing activities
Decrease in cash
Cash at the beginning of the year
Cash at the end of the year

Schedule Reconciling Net Income with Cash Flows from Operating Activities:
Net income
$117,
900
Adjustments to reconcile net
income to net cash
flow from operating activities:
Depreciation expense
23,60
0
Gain on sale of
(32,0
investments
00)

15,70
0
($4,4
00)
142,3
00
$137,
900

Changes in current operating

assets and liabilities:
Increase in accounts
receivable
Increase in inventories
Increase in accounts
payable
Decrease in accrued
expenses
Net cash flow from operating activities

(16,3
00)
(6,40
0)
23,50
0
(2,40
0)
$107,
900