Prepare a statement of cash flows using the indirect method. Use the minus sign
ID: 2473219 • Letter: P
Question
Prepare a statement of cash flows using the indirect method. Use the minus sign to indicate cash outflows, a decrease in cash, or cash payments.
Barry Company
Statement of Cash Flows
For the Year Ended December 31, 2011
Cash flows from operating activities:
$
$
$
$
Net cash flow from operating activities
$
Cash flows from investing activities:
$
Net cash flow used for investing activities
Cash flows from financing activities:
$
$
Net cash flow used for financing activities
$
Cash at the beginning of the year
Cash at the end of the year
$
Barry Company
Statement of Cash Flows
For the Year Ended December 31, 2011
Cash flows from operating activities:
$
$
$
$
Net cash flow from operating activities
$
Cash flows from investing activities:
$
Net cash flow used for investing activities
Cash flows from financing activities:
$
$
Net cash flow used for financing activities
$
Cash at the beginning of the year
Cash at the end of the year
$
Explanation / Answer
Statement of Cash Flow Particulars Amount Total Amount Income 75,800.00 Gain on sale of invt (25,000.00) Depreciation 38,000.00 Decrease in AR 9,200.00 Increase in inventory (16,000.00) Increase in AP 12,500.00 Cash flow from operating activities 94,500.00 Cash flow from Investing activities Sale of invt 125,000.00 Purchase of PPE (150,000.00) Cash flow from Investing activities (25,000.00) Cash flow from Financing activities Issue of Stock 50,000.00 Premium on stock 25,000.00 Redemption of Bonds (75,000.00) Dividends Paid (40,000.00) Cash flow from Financing activities (40,000.00) Opening cash and cash equivalents 42,500.00 Closing cash and cash equivalents 72,000.00