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Student Name:
+
Class:
-
NE
8,650
(39,865)
(31,215)
Cash received from sale of land
Purchase of equipment
Net cash flows from investing activities
Cash Flows from Investing Activities
McGraw-Hill/Irwin
Instructor
For the Year Ended December 31, 2021
Statement of Cash Flows
ATM SOFTWARE DEVELOPERS
Problem 11-02
Requirement 1:
3,765$
8,650$
13,075
Given Data P11-02:
Cash received from the sale of land
Issuance of common stock
Statement of Cash Flow line items:
Net income
Adjustments to reconcile net income to net
Net cash flows from investing activities
Net cash flows from financing activities
Net increase (decrease) in cash
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Statement of Cash Flows
For the Year Ended December 31, 2021
ATM SOFTWARE DEVELOPERS
Cash Flows from Operating Activities
Student Name:
Class:
104,000$
37,000
(115,000)
31,000
(84,000)
(30,000)
Purchase investment in bonds
Proceeds from sale of land
Payment of cash dividends
Net cash flows from investing activities
Cash Flows from Financing Activities
Cash Flows from Operating Activities
Cash Flows from Investing Activities
Net income
Adjustments to reconcile net income to net cash flows
Depreciation expense
from operating activities:
For the Year Ended December 31, 2021
Problem 11-04
McGraw-Hill/Irwin
Instructor
VIDEO PHONES INC.
Statement of Cash Flows
Requirement 1:
3,636,000$
2,450,000$
104,000$
2021 2020
254,600$ 227,800$
75,000$ 91,000$
7,000 12,000
16,000 15,000
115,000$
31,000$
Given Data P11-04:
Additional information for 2021:
Liabilities and Stockholders' Equity
Assets
1. Purchase investment in bonds
2. Sell land:
Selling price
Current Liabilities:
Accounts payable
Interest payable
Income tax payable
Net Income
VIDEO PHONES, INC.
Current Assets:
Cash
Balance Sheets
December 31
VIDEO PHONES, INC.
For the Year Ended December 31, 2021
Income Statement
Net Sales
Expenses:
Cost of goods sold
Student Name:
Class:
4,108$
2,624$
Correct!
4,108$ Correct!
(38)
4,070$
Net Sales
Calculations:
-Increase in accounts receivable
=Cash received from customers
Cost of goods sold
Expenses:
Net Sales
For the Year Ended December 31, 2021
Problem 11-08
McGraw-Hill/Irwin
Instructor
REVERSE LOGIC
Income Statement
Requirement 1: (use results from calculations below)
174$
from operating activities:
4,070$
Cash received from customers
REVERSE LOGIC
Given Data P11-08:
Cash Flows from Operating Activities (Direct method)
Cash Flows from Operating Activities (Indirect method)
Net income
Adjustments to reconcile net income to net cash flows
