Question
With info below: a. What does a statement of cash flows look like for company for the year. Treat changes in non-operating assets as investing
With info below:
- a. What does a statement of cash flows look like for company for the year. Treat changes in non-operating assets as investing transactions and changes in non-operating liabilities as financing transactions.
b. what is the pattern of cash flows from operating, investing, and financing activities for company for the year. and what is most likely reason for pattern?
The comparative balance sheets of Company show the following information for a recent year (amounts in thousands of US$):
Change: Amount Direction
Cash 40,308a Increase
Accounts Receivable 15,351 Decrease
Inventories 15,117 Increase
Prepayments 16,776 Increase
Property, Plant, and Equipment (at Cost) 1,134,644b Increase
Accumulated Depreciation 264,088b Increase
Other Non-operating Assets 8,711 Increase
Accounts Payable 660 Decrease
Other Current Liabilities 114,596 Increase
Long-Term Debt 244,285 Increase
Other Non-operating Liabilities 140,026 Increase
Common Stock 96,991 Increase
Retained Earnings 340,879 Increase
Notes:
a. Cash was $378,511 at the beginning of the year and $418,819 at the end of the year.
b. Company did not sell any property, plant, and equipment during the year.
c. Net income was $474,378.
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