Brief Exercise 5-12

Keyser Beverage Company reported the following items in the most recent year.

Net income $40,630

Dividends paid 5,390

Increase in accounts receivable 12,130

Increase in accounts payable 8,070

Purchase of equipment (capital expenditure) 8,320

Depreciation expense 7,070

Issue of notes payable 21,810

Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Keyser Beverage Company

Statement of Cash Flows

Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

Dividends Increase in Accounts Payable Issue Notes Payable Increase in Accounts Receivable Purchase of Equipment Net Income Decrease in Accounts Payable Decrease in Accounts Receivable Depreciation Expense $

Decrease in Accounts Receivable Issue Notes Payable Decrease in Accounts Payable Depreciation Expense Increase in Accounts Payable Purchase of Equipment Net Income Increase in Accounts Receivable Dividends

Dividends Depreciation Expense Purchase of Equipment Net Income Decrease in Accounts Receivable Increase in Accounts Payable Issue Notes Payable Decrease in Accounts Payable Increase in Accounts Receivable

Depreciation Expense Dividends Net Income Decrease in Accounts Receivable Increase in Accounts Payable Increase in Accounts Receivable Issue Notes Payable Decrease in Accounts Payable Purchase of Equipment

Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash

Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

Increase in Accounts Receivable Decrease in Accounts Payable Purchase of Equipment Net Income Increase in Accounts Payable Issue Notes Payable Dividends Decrease in Accounts Receivable Depreciation Expense

Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash used by Financing ActivitiesNet Cash used by Investing ActivitiesNet Cash used by Operating ActivitiesNet Decrease in CashNet Increase in Cash

Depreciation Expense Increase in Accounts Payable Decrease in Accounts Payable Dividends Net Income Decrease in Accounts Receivable Issue Notes Payable Increase in Accounts Receivable Purchase of Equipment $

Dividends Increase in Accounts Payable Decrease in Accounts Receivable Purchase of Equipment Increase in Accounts Receivable Net Income Decrease in Accounts Payable Depreciation Expense Issue Notes Payable

Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash

Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash $

Compute free cash flow.

Free Cash Flow $

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