Preparing the Cash Flow Statement Coca-Cola TO HAND IN NEXT CLASS (at beginning

Question

Preparing the Cash Flow Statement Coca-Cola TO HAND IN NEXT CLASS (at beginning of dass) Amt Dir 453 Incr 282 Incr A/R Inventory Prepayments PP&E; Accumulated depr A/P ST borrowing Other current liabs Bonds payable Common stock Retained earnings Cash at BOP= $1,078, and EOP-$1,531 Firm sold equipment during year for $70. Equip Cost was $150 with $80 in A/D Firm retired $150 in bonds at face with no gain or loss Firm declared and paid dividends of $1,006 during the year 2 Decr 38 Incr 1,291 Incr 210 Incr 347 Incr 411 Incr 248 Incr 195 Incr 1,104 Decr Ana Abuquerque, AC221 Financial Accounting 16

Explanation / Answer

Statement of cash flow Cash flows from operating activities Net Income (1755+1006) $2,761 Adjustments to convert net income to cash basis Depreciation expenses   (210+80) 290 Increase in Accounts receivable -282 Decrease in Inventory 2 Incraese in Prepayments -38 Increase in Accounts Payable 347 Increase in Other current liabilities       248.00 567 Net cash from operating activities     3,328.00 Cash flows from investing activities Purchase of Equipment (1291+150) -1441 Sale of Equipment 70 -1371 Net cash used investing activities (1,371.00) Cash flows from financing activities Borrowings Of Bonds Payable (150+195) 345 Repayment of Bonds payable -150 Incraese in ST borrowings 411 Repurchase of Treasury stock -1104 Payment of Dividends   -1006    (1,504.00) Net cash from financing activities (1,504.00) Net Increase in cash and cash equivalents       453.00 Cash and cash equivalents at beginning of period    1,078.00 Ending Balance       1,531.00

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---