Problem 11-2B Basic format for the statement of cash flows (L011-2, 11-3) Natali

Question

Problem 11-2B Basic format for the statement of cash flows (L011-2, 11-3) Natalie King has completed the basic format to be used in preparing the statement of cash flows (indirect method) for CPU Hardware Designers. All amounts are in thousands (000s CPU HARDWARE DESIGNERS For the year from Operating Activities r 31, 2018 Net income Adjustments to reconcile net income to net cash flows from Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities Net increase (decrease) in cash Cash at the beginning of the period $ (28,000) Cash at the end of the period $ 62,000 Below, in random order, are line items to be included in the statement of cash flows

Explanation / Answer

Description Amount Amount Cash flow from operating activity          8,000 Net profit         80,000 Loss on sale of land           8,000 Add non cash expense Depreciation         30,000 Adjustment for change in working capital Change in AR      (70,000) Change in inventory      (40,000) Change in prepaid rent      (11,000) Change in AP         11,000 Cash flow from Financing activity     190,000 Issue of new shares      300,000 Repayment of bonds      (60,000) Dividends paid      (50,000) Cash flow from Investing activity (226,000) Sale of Land           4,000 Purchase of Equipment    (230,000) Sale of PPE Total of above     (28,000) Opening cash balance        90,000 Closing Cash balance        62,000

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