PROBLEM 13–3B
EICHORN COMPANY
Partial Statement of Cash Flows
For the Year Ended December 31, 2015
Cash flows from operating activities
Net income ………………………………………………… $1,020,000
Adjustments to reconcile net income
to net cash provided by operating activities
Depreciation expense ………………………….. $105,000
Amortization expense ………………………….. 20,000
*PROBLEM 13–4B
EICHORN COMPANY
Partial Statement of Cash Flows
For the Year Ended December 31, 2015
Cash flows from operating activities
Cash receipts from customers……… $5,720,000 (1)
Less cash payments:
Computations:
(1) Cash receipts from customers
(2) Cash payments to suppliers
Cost of goods sold ……………………………………. $3,310,000
Add: Increase in inventory ………………………… 120,000
(3) Cash payments for operating expenses
Operating expenses ……………… $ 945,000
Add: Increase in prepaid
PROBLEM 13–5B
DARBYSHIRE INC.
Partial Statement of Cash Flows
For the Year Ended December 31, 2015
Cash flows from operating activities
Net income …………………………………………………. $109,000
Adjustments to reconcile net income
to net cash provided by operating activities
Decrease in accounts receivable …………… $ 20,000
*PROBLEM 13–6B
DARBYSHIRE INC.
Partial Statement of Cash Flows
For the Year Ended December 31, 2015
Cash flows from operating activities
Cash receipts from customers…………. $565,000 (1)
Less cash payments:
(1) Computation of cash receipts from customers
Service revenue …………………………………………………….. $545,000
(2) Computation of cash payments for operating expenses
Operating expenses ……………………………………………….. $400,000
(3) Income tax expense ……………………………………………….. $ 36,000
PROBLEM 13–7B
(a) JOHNSTON COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2015
Cash flows from operating activities
Net income ……………………………………………. $28,000
Adjustments to reconcile net income
Net decrease in cash ……………………………………. (9,000)
*PROBLEM 13–8B
(a) JOHNSTON COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2015
Cash flows from operating activities
Cash receipts from customers …….. $275,000 (1)
Less cash payments:
Cash flows from investing activities
Sale of equipment ………………………. 10,000
Net decrease in cash …………………………. (9,000)
Computations:
(1) Cash receipts from customers
*PROBLEM 13-8B (Continued)
(2) Cash payments to suppliers
Cost of goods sold ……………………………………….. $204,000
(3) Cash payments for income taxes
PROBLEM 13–9B
SAFFORDVILLE COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2015
Cash flows from operating activities
Net income ………………………………………………. $ 112,660
Cash flows from investing activities
Cash flows from financing activities
Net increase in cash ………………………………………… 69,300
*PROBLEM 13-10B
SAFFORDVILLE COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2015
Cash flows from operating activities
Cash receipts from customers …………. $273,700 (1)
Less cash payments:
Cash flows from investing activities
Cash flows from financing activities
*PROBLEM 13-10B (Continued)
Computations:
(1) Cash receipts from customers
(2) Cash payments to suppliers
(3) Cash payments for operating expenses