cromme inc statement of cash flows
CROMME INC. Statement of Cash Flows For the Year Ended December 31, 2016 Cash flows from operating activities: Cash received from customers Deduct: Cash payments for merchandise Cash payments for operating expenses Cash payments for income taxes Net cash flow from operating activities Cash flows from investing activities Cash received from sale of investments Less Cash paid for land Cash paid for equipment Net cash flow used for investing activities Cash flows from financing activities Cash received from sale of common stock Less Cash paid for dividends Net cash flow from financing activities Increase 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 Adjustments to reconcile net income to net cash flow from operating activities Depreciation expense Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Pr. 16-5A 42 Decrease in accrued expenses payable Net cash flow from operating activities Computations: Sales Deduct increase in accounts receivable Cash received from customers Cost of merchandise sold Add increase in inventories Subtotal Deduct increase in accounts payable Cash payments for merchandise 3. Operating expenses other than depreciation Add decrease in accrued expenses payable Cash payments for operating expenses Cash dividends declared Deduct increase in dividends payable Cash paid for dividends Pr. 16-5A *.1080- CROMME INC. Statement of Cash Flows For the Year Ended December 31, 2016 Cash flows from operating activities: Cash received from customers Deduct: Cash payments for merchandise Cash payments for operating expenses Cash payments for income taxes Net cash flow from operating activities Cash flows from investing activities Cash received from sale of investments Less Cash paid for land Cash paid for equipment Net cash flow used for investing activities Cash flows from financing activities Cash received from sale of common stock Less Cash paid for dividends Net cash flow from financing activities Increase 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 Adjustments to reconcile net income to net cash flow from operating activities Depreciation expense Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Pr. 16-5A 42 Decrease in accrued expenses payable Net cash flow from operating activities Computations: Sales Deduct increase in accounts receivable Cash received from customers Cost of merchandise sold Add increase in inventories Subtotal Deduct increase in accounts payable Cash payments for merchandise 3. Operating expenses other than depreciation Add decrease in accrued expenses payable Cash payments for operating expenses Cash dividends declared Deduct increase in dividends payable Cash paid for dividends Pr. 16-5A *.1080
