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Statement of Financial Position Data Paid cash dividend Established restricted construction cash fund (a long-term investment) to build a new building $ 27,000 68,500 Increased inventory of merchandise 22,500 Borrowed on a long-term note 33,500 Acquired five acres of land for a future site for the company; paid in full by issuing 3,850 shares of Rangler common shares, when the quoted market price per share was $15 57,750 Increase in prepaid expenses 4,700 Decrease in accounts receivable 8,700 Payment of bonds payable in full at book value 105,500 Increase in accounts payable 8,400 Cash from disposal of old operational assets (sold at book value) Decrease in rent receivable Statement of Comprehensive Income Sales revenue Rent revenue Cost of goods sold Depreciation expense Remaining expenses Net earnings and comprehensive income $417,000 18,500 (207,000) (28,500) (105,500) $94,500 13,700 5,400 Required: Prepare the SCF using the indirect method for operating activities. Group all changes in non-cash working capital in operations as one amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $70.500. (Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with

Statement of Financial Position Data Paid cash dividend Established restricted construction cash fund (a long-term investment) to build a new building $ 27,000 68,500 Increased inventory of merchandise 22,500 Borrowed on a long-term note 33,500 Acquired five acres of land for a future site for the company; paid in full by issuing 3,850 shares of Rangler common shares, when the quoted market price per share was $15 57,750 Increase in prepaid expenses 4,700 Decrease in accounts receivable 8,700 Payment of bonds payable in full at book value 105,500 Increase in accounts payable 8,400 Cash from disposal of old operational assets (sold at book value) Decrease in rent receivable Statement of Comprehensive Income Sales revenue Rent revenue Cost of goods sold Depreciation expense Remaining expenses Net earnings and comprehensive income $417,000 18,500 (207,000) (28,500) (105,500) $94,500 13,700 5,400 Required: Prepare the SCF using the indirect method for operating activities. Group all changes in non-cash working capital in operations as one amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $70.500. (Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with

Financial Reporting, Financial Statement Analysis and Valuation
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter12: Valuation: Cash-flow Based Approaches
Section: Chapter Questions
Problem 14PC
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Statement of Financial Position Data Paid cash dividend Established restricted construction cash fund (a long-term investment) to build a new building $ 27,000 68,500 Increased inventory of merchandise 22,500 Borrowed on a long-term note 33,500 Acquired five acres of land for a future site for the company; paid in full by issuing 3,850 shares of Rangler common shares, when the quoted market price per share was $15 57,750 Increase in prepaid expenses 4,700 Decrease in accounts receivable 8,700 Payment of bonds payable in full at book value 105,500 Increase in accounts payable 8,400 Cash from disposal of old operational assets (sold at book value) Decrease in rent receivable Statement of Comprehensive Income Sales revenue Rent revenue Cost of goods sold Depreciation expense Remaining expenses Net earnings and comprehensive income $417,000 18,500 (207,000) (28,500) (105,500) $94,500 13,700 5,400 Required: Prepare the SCF using the indirect method for operating activities. Group all changes in non-cash working capital in operations as one amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $70.500. (Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with
Transcribed Image Text:Statement of Financial Position Data Paid cash dividend Established restricted construction cash fund (a long-term investment) to build a new building $ 27,000 68,500 Increased inventory of merchandise 22,500 Borrowed on a long-term note 33,500 Acquired five acres of land for a future site for the company; paid in full by issuing 3,850 shares of Rangler common shares, when the quoted market price per share was $15 57,750 Increase in prepaid expenses 4,700 Decrease in accounts receivable 8,700 Payment of bonds payable in full at book value 105,500 Increase in accounts payable 8,400 Cash from disposal of old operational assets (sold at book value) Decrease in rent receivable Statement of Comprehensive Income Sales revenue Rent revenue Cost of goods sold Depreciation expense Remaining expenses Net earnings and comprehensive income $417,000 18,500 (207,000) (28,500) (105,500) $94,500 13,700 5,400 Required: Prepare the SCF using the indirect method for operating activities. Group all changes in non-cash working capital in operations as one amount. Separate disclosure of cash paid for interest and income tax and investment income is not required. Assume a beginning cash balance of $70.500. (Enter your answers in thousands of dollars. Deductible amounts and Cash outflows should be indicated with
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