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Student Name:
Class:
136,000$
(12,000)
(75,000)
16,000
3,000
54,000
122,000$ «- Correct!
(36,000) «- Correct!
60,000
(89,000)
(29,000) «- Correct!
57,000$ «- Correct!
107,000 «- Correct!
164,000$ «- Correct!
Net cash provided by operating activities
Cash flows from investing activities:
Cash paid for equipment
Cash balance at December 31, 2013
Cash flows from financing activities:
Cash received from issuing stock
Cash paid for cash dividends
Net cash used in financing activities
Net increase in cash
Cash balance at December 31, 2012
Increase in accounts receivable
Increase in inventory
Increase in accounts payable
Increase in taxes payable
Depreciation expense
Instructor
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net
cash provided by operating activities
For Year Ended December 31, 2013
Statement of Cash Flows
GOLDEN CORPORATION
Problem 16-04A
McGraw-Hill/Irwin
December 31
2013 2012
164,000$ 107,000$
83,000 71,000
601,000 526,000
335,000 299,000
(158,000) (104,000)
1,025,000$ 899,000$
87,000$ 71,000$
28,000 25,000
Accounts payable
Income taxes payable
Liabilities and Equity
Cash
Accounts receivable
Merchandise inventory
Equipment
Accumulated depreciation, Equipment
Total assets
Given Data P16-04A:
December 13, 2013 and 2012
Comparative Balance Sheet
GOLDEN CORPORATION
Assets
Student Name:
Class:
December Analysis of Changes December
31, 2012 Debit Credit 31, 2013
107,000 164,000
71,000 (b) 12,000 83,000
526,000 (c) 75,000 601,000
299,000 (g) 36,000 335,000
1,003,000 1,183,000
104,000 (f) 54,000 158,000
71,000 (d) 16,000 87,000
25,000 (e) 3,000 28,000
568,000 (h) 24,000 592,000
160,000 (h) 36,000 196,000
75,000 (i) 89,000 (a) 136,000 122,000
1,003,000 1,183,000
(a) 136,000
(b) 12,000
(c) 75,000
(d) 16,000
(e) 3,000
(f) 54,000
(g) 36,000
(h) 60,000
(i) 89,000
481,000 481,000
Correct! Correct!
136,000$
(12,000)
(75,000)
16,000
3,000
54,000
122,000$ «- Correct!
(36,000) «- Correct!
60,000
(89,000)
(29,000) «- Correct!
57,000$ «- Correct!
107,000 «- Correct!
164,000$ «- Correct!
Paid cash dividends
Issued common stock for cash
Payment for equipment
Net income
Increase in accounts receivable
Increase in merchandise inventory
Increase in accounts payable
Increase in income tax payable
Common stock, $2 par value
Cash
Accounts receivable
Depreciation expense
Financing activities:
Investing activities:
Operating activities:
Statement of cash flows:
Balance sheet-credits
Paid-in capital in excess of
par value, common stock
Retained earnings
Merchandise inventory
Instructor
Balance sheet-debits
Accumulated depreciation, equip.
Accounts payable
Income taxes payable
Equipment
For Year Ended December 31, 2013
Spreadsheet for Statement of Cash Flows
GOLDEN CORPORATION
Problem 16-05A
McGraw-Hill/Irwin
Depreciation expense
GOLDEN CORPORATION
Statement of Cash Flows
For Year Ended December 31, 2013
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net
cash provided by operating activities
Increase in accounts receivable
Increase in inventory
Increase in accounts payable
Increase in taxes payable
Net cash used in financing activities
Net increase in cash
Cash balance at beginning of 2013
Cash balance at end of 2013
Net cash provided by operating activities
Cash flows from investing activities:
Cash paid for equipment
Cash flows from financing activities:
Cash received from issuing stock
Cash paid for cash dividends
December 31
2013 2012
164,000$ 107,000$
83,000 71,000
601,000 526,000
335,000 299,000
(158,000) (104,000)
1,025,000$ 899,000$
87,000$ 71,000$
28,000 25,000
Accounts payable
Income taxes payable
Given Data P16-05A:
GOLDEN CORPORATION
Comparative Balance Sheet
December 13, 2013 and 2012
Liabilities and Equity
Assets
Cash
Accounts receivable
Merchandise inventory
Equipment
Accumulated depreciation, Equipment
Total assets
Student Name:
Class:
1,780,000$
(1,145,000)
(494,000)
(19,000)
122,000$ «- Correct!
(36,000) «- Correct!
60,000
(89,000)
(29,000) «- Correct!
57,000$ «- Correct!
107,000 «- Correct!
164,000$ «- Correct!
Cash paid for income taxes
Net cash provided by operating activities
Net increase in cash
Cash balance at December 31, 2012
Cash balance at December 31, 2013
Cash flows from investing activities:
Cash paid for equipment
Cash flows from financing activities:
Cash from issuing stock
Cash paid for cash dividends
Net cash used in financing activities
Instructor
Cash flows from operating activities:
Cash received from customers
Cash paid for merchandise
Cash paid for other operating expenses
For Year Ended December 31, 2013
Statement of Cash Flows
GOLDEN CORPORATION
Problem 16-06A
McGraw-Hill/Irwin
December 31
2013 2012
164,000$ 107,000$
83,000 71,000
601,000 526,000
335,000 299,000
(158,000) (104,000)
1,025,000$ 899,000$
87,000$ 71,000$
28,000 25,000
592,000 568,000
196,000 160,000
122,000 75,000
1,025,000$ 899,000$
GOLDEN CORPORATION
Retained earnings
Total liabilities and equity
Accounts payable
Income taxes payable
Common stock, $2 par value
Contributed capital in excess of
par value, common stock
Given Data P16-06A:
GOLDEN CORPORATION
Comparative Balance Sheet
December 13, 2013 and 2012
Liabilities and Equity
Assets
Cash
Accounts receivable
Merchandise inventory
Equipment
Accumulated depreciation, Equipment
Total assets
Given Data P16-06A:
36,000$
12,000
5$
89,000$
(29,000)$
Cash used in financing activities
Additional information:
Check figure:
Equipment purchased for cash
Number of stock shares issued
Price per share of stock issued
Cash dividends declared and paid
