Could you please answer question 16-2A? We have to make a statement of cash flows using the direct method and dividing into three parts:
1) operating activities
2) Investing activities
3) Financing activities
Also, the net cash flow from operating activities is $22,400.
This is due tomorrow and Im feeling a little stressed out because my numbers arent adding up to what they should!
xpeises are cash expenses. Problem 16- 1 1 A Preparing the statement of cash flows (indirect method) L05.6 CHECK FIGURE: Net cash outflow from investing activities $8,000 Sunny Technologies Inc. 31, 2016, and 2017, is shown below along with some other informatio began operations on January 1, 2016. Its post-closing trial balance at December Sunny Technologies Inc. Income Statement For Year Ended December 31, 2017 Sunny Technologies Inc. Post-Closing Trial Balance Revenues: 2017 2016 Account 627,200 483.200 144,000 s 62,400 $ 76.800 41.600 30,400 27,200 35.200 Cash Cost of goods sold.. Gross Profit Expenses and other: Merchandise inventory Other expenses.... 155,200 Depreciation expense25,600 Accumulated depreciation Accounts payable Accrued liabilities.... Notes payable 64,000 52,800 62.400 11.200 6,400 97,600 40,000 8.000 89,600 163.200 49,600 Total operating expenses. Operating Profit (Loss.). 180.800A (36,800)N Loss on sales of plant assets Profit (Loss -20:800Common shares.. 49,600 57,600) Retained earnings. Other information regarding Sunng and its activities during 2017: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year. CHAPTER 16 Reporting ort and Analyzing Cash Flows Plant assets worth $99,200 4 Jong-term note payable forthe bthased d Dao r the balance. the information provided, prepare a statement of cash flows (applu jear by paying cash of $32,000 and issuing ear ended December 31, 2017 hod) for the year ended alysls Component: eash flows (applging the indirect Cash account balance for Sunny Technologies Inc. de arily an unfavourable situation? Explain why or why not. in the causes of change in Sunny's cash situation d ny Technologies Inc. decreased during 2017. Is this uring 2017 16-12A reparing the statement of cash flow HRE: Net cash outflow from operating activities $22 d Refer to the information in Problem 16-11A. Prepare a statement of cash flows ct method to report cash inflows and outflows from operating activities. flows (direct method) LO7 the direct Other information: .All accounts payable balances result from merchandise p b. All sales are credit sales. e. All credits to accounts receivable are receipts from customers d. All debits to accounts payable result from payments for merchandise. e. All debits and credits to accrued liabilities result from other expenses. xpeises are cash expenses. Problem 16- 1 1 A Preparing the statement of cash flows (indirect method) L05.6 CHECK FIGURE: Net cash outflow from investing activities $8,000 Sunny Technologies Inc. 31, 2016, and 2017, is shown below along with some other informatio began operations on January 1, 2016. Its post-closing trial balance at December Sunny Technologies Inc. Income Statement For Year Ended December 31, 2017 Sunny Technologies Inc. Post-Closing Trial Balance Revenues: 2017 2016 Account 627,200 483.200 144,000 s 62,400 $ 76.800 41.600 30,400 27,200 35.200 Cash Cost of goods sold.. Gross Profit Expenses and other: Merchandise inventory Other expenses.... 155,200 Depreciation expense25,600 Accumulated depreciation Accounts payable Accrued liabilities.... Notes payable 64,000 52,800 62.400 11.200 6,400 97,600 40,000 8.000 89,600 163.200 49,600 Total operating expenses. Operating Profit (Loss.). 180.800A (36,800)N Loss on sales of plant assets Profit (Loss -20:800Common shares.. 49,600 57,600) Retained earnings. Other information regarding Sunng and its activities during 2017: 1. Assume all accounts have normal balances. 2. Cash dividends were declared and paid during the year. 3. Plant assets were sold during the year. CHAPTER 16 Reporting ort and Analyzing Cash Flows Plant assets worth $99,200 4 Jong-term note payable forthe bthased d Dao r the balance. the information provided, prepare a statement of cash flows (applu jear by paying cash of $32,000 and issuing ear ended December 31, 2017 hod) for the year ended alysls Component: eash flows (applging the indirect Cash account balance for Sunny Technologies Inc. de arily an unfavourable situation? Explain why or why not. in the causes of change in Sunny's cash situation d ny Technologies Inc. decreased during 2017. Is this uring 2017 16-12A reparing the statement of cash flow HRE: Net cash outflow from operating activities $22 d Refer to the information in Problem 16-11A. Prepare a statement of cash flows ct method to report cash inflows and outflows from operating activities. flows (direct method) LO7 the direct Other information: .All accounts payable balances result from merchandise p b. All sales are credit sales. e. All credits to accounts receivable are receipts from customers d. All debits to accounts payable result from payments for merchandise. e. All debits and credits to accrued liabilities result from other expenses
