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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
