E13-6A
Chapter 13 statement of Cash Flows LO2 E13-5A. Cash Flow from operating Activities andirect Method) The assets and had the following income statement for the year: Arcadia compan Cost of goods sold. Wages expense 42,000 Rent expense 11.000 Utilities expense Net income Additional information about the company includes: $67,000 Accounts receivable 62,000 8,000 Prepaid rent 22,000 Accounts payable. Wages payable. Use the preceding information to calculate the cash flow from operating activities usin LO2 E13-6A. Statement of Cash Flows (ndirect Method) Use the following information re castle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease. Accounts receivable increase Wages payable decrease. Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land. Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense. Gain on sale of equipment Inventory increase Net income Prepaid expenses increase LO3 E13-7A. Cash Flow Ratios Spencer Company reports the following amounts in its annu statements: Cash flow from operating activities $45,000 Capital expenditures Cash flow from investing activities. 35.000) Average current assets. Cash flow from financing activities. (5,000) Average current liabilities. 22,000 Total assets Net income. Chapter 13 statement of Cash Flows LO2 E13-5A. Cash Flow from operating Activities andirect Method) The assets and had the following income statement for the year: Arcadia compan Cost of goods sold. Wages expense 42,000 Rent expense 11.000 Utilities expense Net income Additional information about the company includes: $67,000 Accounts receivable 62,000 8,000 Prepaid rent 22,000 Accounts payable. Wages payable. Use the preceding information to calculate the cash flow from operating activities usin LO2 E13-6A. Statement of Cash Flows (ndirect Method) Use the following information re castle Corporation to prepare a statement of cash flows using the indirect method: Accounts payable decrease. Accounts receivable increase Wages payable decrease. Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land. Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense. Gain on sale of equipment Inventory increase Net income Prepaid expenses increase LO3 E13-7A. Cash Flow Ratios Spencer Company reports the following amounts in its annu statements: Cash flow from operating activities $45,000 Capital expenditures Cash flow from investing activities. 35.000) Average current assets. Cash flow from financing activities. (5,000) Average current liabilities. 22,000 Total assets Net income
