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, $41,500
Statement of Cash Flows
The following are several items involving the cash flow activities of the ROCKY HORROR PICTURE CO. for 2016:
Net income, $41,500
Payment of dividends, $15,700
Ten-year, $34,400 bonds payable were issued at face value
Depreciation expense, $15,700
Building acquired at a cost of $39,900
Accounts receivable decreased by $3,200
Accounts payable decreased by $3,100
Equipment acquired at a cost of $7,600
Inventories increased by $7,700
Beginning cash balance, $24,600
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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Essentials Of Xbrl Financial Reporting In The 21st Century
Authors: Bryan Bergeron
1st Edition
0471220779, 978-0471220770
