Question
Statement of Cash Flows The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016: Net income, $43300
Statement of Cash Flows
The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016:
Net income, $43300
Payment of dividends, $15600
Ten-year, $36100 bonds payable were issued at face value
Depreciation expense, $20600
Building was acquired at a cost of $36400
Accounts receivable decreased by $1800
Accounts payable decreased by $4600
Equipment was acquired at a cost of $6600
Inventories increased by $6100
Beginning cash balance, $16500
Required:
Prepare Rocky Horror Picture's statement of cash flows for 2016 using the indirect method. Use a minus sign for any negative amounts.
ROCKY HORROR PICTURE CO. | ||
Statement of Cash Flows | ||
For Year Ended December 31, 2016 | ||
Net Cash Flow From Operating Activities | ||
$ | ||
Adjustments for differences between income flows and cash flows from operating activities: | ||
$ | ||
Cash Flows From Investing Activities | ||
$ | ||
Cash Flows From Financing Activities | ||
$ | ||
$ | ||
$ |
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