Question
Requirement 1. Prepare Shaw MovieTheater Company's statement of cash flows for the year ended June 30, 2018, using the indirect method to report cash flows
Requirement 1. Prepare Shaw MovieTheater Company's statement of cash flows for the year ended June 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. Start by completing the cash flows from operating activities. Then complete the remaining statement of cash flows and the accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Shaw MovieTheater Company Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by (used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Noncash investing and financing activities: Requirement 2. Evaluate Shaw's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. Shaw MovieTheater Company's cash flows look . are the main source of cash. Shaw MovieTheater generated a cash flow from investing activities largely due to the of equipment and a building. It generally bodes for the future when a company invests in new capital assets. Shaw MovieTheater generated a cash flow from financing activities. These financing activities indicate that the Shaw MovieTheater credit-worthy to be able to issue long-term notes. We also see that the company has funds to pay cash dividends.
Data Table - X - X More Info June 30, 2018 2017 $ 13,400 15,400 46,000 $ 22.000 Current assets: Cash and cash equivalents Accounts receivable Inventories 18,200 $ 14,700 63.900 Acquisition of land by issuing note payable Amortization expense Payment of cash dividend Cash purchase of equipment Issuance of long-term note payable to borrow cash Proceeds from sale of long- $ 100,000 term investment 9.000 Depreciation expense 41,000 Cash purchase of building Net income 78,400 Issuance of common stock for cash 47,000 Stock dividend ..... 22.300 58,000 60.600 17,200 9,000 14.000 8,000 Prepaid expenses Current liabilities: Accounts payable Accrued liabilities Income tax payable S 58,100 $ 44,000 9,900 55,300 37,000 11,000 A Requirements - X Print Done 1. Prepare Shaw Movie Theater Company's statement of cash flows for the year ended June 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. 2. Evaluate Shaw's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. Print Done Requirement 1. Prepare Shaw Movie Theater Company's statement of cash flows for the year ended June 30, 2018, using the indirect method to report cash flows from operating activities. Report noncash investing and financing activities in an accompanying schedule. Start by completing the cash flows from operating activities. Then complete the remaining statement of cash flows and the accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Shaw Movie Theater Company Statement of Cash Flows (Indirect Method) Year Ended June 30, 2018 Cash flows from operating activities: Adjustments to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Cash flows from investing activities: Net cash provided by used for) investing activities Cash flows from financing activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash I UN Noncash investing and financing activities: Requirement 2. Evaluate Shaw's cash flows for the year. Mention all three categories of cash flows, and give the rationale for your evaluation. strong weak Shaw Movie Theater Company's cash flows look av are the main source of cash. Shaw Movie Theater generated a cash flow from investing activities largely due to the of equipment and a building. It generally bodes for the future when a company invests in new capital assets. purchase sale Shaw Movie Theater generated a cash flow from financing activities. These financing activities indicate that the Shaw Movie Theater credit-worthy to be able to issue long-term notes. We also see that the company has funds to pay cash dividends. poorly negative is considered Financing activities insufficient well positive is not considered Investing activities sufficient Operating activitiesStep by Step Solution
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