EBK ACCOUNTING PRINCIPLES
13th Edition
ISBN: 9781119411017
Author: Weygandt
Publisher: WILEY
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Chapter 17, Problem 9E
To determine
Introduction: The cash flow statement is a financial statement that is prepared by the company to check the net decrease or increase in the cash balance during the year. The cash flow statement records the
To prepare: The statement of
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Chapter
13
Statement of Cash Flows-Direct Method
The comparative balance sheet of Canace Products Inc. for December 31, 20Y6 and 20Y5, is as follows:
Dec. 31, 20Y6 Dec. 31, 20Y5
Assets
Cash
$287,620
$265,700
Accounts receivable (net)
104,190
95,430
Inventories
294,120
282,540
Investments
109,460
Land
150,860
Equipment
324,520
249,790
Accumulated depreciation
(75,970)
(67,360)
Total assets
$1,085,340
$935,560
Liabilities and Stockholders' Equity
Accounts payable (merchandise creditors)
$196,450
$184,310
Accrued expenses payable (operating expenses)
19,540
24,320
Dividends payable
10,850
8,420
Common stock, $10 par
58,610
45,840
Paid-in capital: Excess of issue price over par-common stock
220,320
127,240
Retained earnings
579,570
545,430
Total liabilities and stockholders' equity
$1,085,340
$935,560
The income statement for the year ended December 31, 20Y6, is as follows:
Sales
$1,730,890
Cost of goods sold
712,700
Gross profit
$1,018,190
Operating expenses:
Depreciation expense
$8,610…
Suppose your company reports $200 of net income and $48 of cash dividends paid, and its comparative balance sheet indicates the following.
Beginning
Ending
Cash
$
43
$
243
Accounts Receivable
115
213
Inventory
285
173
Total
$
443
$
629
Salaries and Wages Payable
$
18
$
90
Common Stock
140
102
Retained Earnings
285
437
Total
$
443
$
629
Required:
Prepare the operating activities section of the statement of cash flows, using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
How would i create the operating activites section of cash flows, using the indirect method.
Flowers Corporation reported net cash provided by operating activities of $501,500, net cash used by investing activities of $280,910, and net cash provided by financing activities of $62,020. In addition, cash spent for capital assets during the period was $198,60. Average current liabilities were $167250 and average total liabilities were $296,130. No dividends were paid.
Calculate these values:
a. Free cash flow
b. Current cash debt coverage
c. Cash debt coverage
Chapter 17 Solutions
EBK ACCOUNTING PRINCIPLES
Ch. 17 - Prob. 1QCh. 17 - Prob. 2QCh. 17 - Prob. 3QCh. 17 - Prob. 4QCh. 17 - Prob. 5QCh. 17 - Prob. 6QCh. 17 - 7. Why is it necessary to use comparative balance...Ch. 17 - 8. Contrast the advantages and disadvantages of...Ch. 17 - Prob. 9QCh. 17 - Prob. 10Q
Ch. 17 - Prob. 11QCh. 17 - Prob. 12QCh. 17 - Prob. 13QCh. 17 - Prob. 14QCh. 17 - Prob. 15QCh. 17 - Prob. 16QCh. 17 - Prob. 17QCh. 17 - Prob. 18QCh. 17 - Prob. 19QCh. 17 - Prob. 20QCh. 17 - Prob. 21QCh. 17 - Prob. 22QCh. 17 - Prob. 1BECh. 17 - Prob. 2BECh. 17 - Prob. 3BECh. 17 - Prob. 4BECh. 17 - Prob. 5BECh. 17 - Prob. 6BECh. 17 - Prob. 7BECh. 17 - Prob. 8BECh. 17 - BE17-9 Hinck Corporation reported net cash...Ch. 17 - BE17-10 Suppose in a recent quarter, Alliance...Ch. 17 - BE17-11 The management of Morrow Inc. is trying to...Ch. 17 - BE17-12 Suppose Columbia Sportswear Company had...Ch. 17 - Prob. 13BECh. 17 - Prob. 14BECh. 17 - Prob. 1DIECh. 17 - Prob. 2aDIECh. 17 - Prob. 2bDIECh. 17 - Prob. 3DIECh. 17 - Prob. 1ECh. 17 - E17-2 An analysis of comparative balance sheets,...Ch. 17 - Prob. 3ECh. 17 - Prob. 4ECh. 17 - Prob. 5ECh. 17 - Prob. 6ECh. 17 - Prob. 7ECh. 17 - Prob. 8ECh. 17 - Prob. 9ECh. 17 - Prob. 10ECh. 17 - Prob. 11ECh. 17 - E17-11 Suppose a recent income statement for...Ch. 17 - Prob. 13ECh. 17 - Prob. 14ECh. 17 - Prob. 1PSACh. 17 - Prob. 2PSACh. 17 - Prob. 3PSACh. 17 - Prob. 4PSACh. 17 - Prob. 5PSACh. 17 - Prob. 6PSACh. 17 - Prob. 7PSACh. 17 - P17-8A Data for Nosker Company are presented in...Ch. 17 - Prob. 9PSACh. 17 - Prob. 10PSACh. 17 - Prob. 11PSACh. 17 - Prob. 17CCCh. 17 - Prob. 2EYCTCh. 17 - Prob. 3EYCTCh. 17 - Prob. 4EYCTCh. 17 - Prob. 5EYCTCh. 17 - Prob. 7EYCTCh. 17 - Prob. 1ISTQCh. 17 - Prob. 2ISTQCh. 17 - Prob. 3ISTQCh. 17 - Prob. 4ISTQCh. 17 - Prob. 5ISTQCh. 17 - Prob. 1IFRECh. 17 - Prob. 2IFRECh. 17 - Prob. 3IFRP
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