An asterisk (*) will appear to the right of an incorrect entry.
Cash flows from (used for) operating activities:
Cash received from customers
Net cash flow from operating activities
Cash flows from (used for) investing activities:
Cash received from sale of investments
Net cash flow used for investing activities
Cash flows from (used for) financing activities:
Net cash flow from financing activities
Net increase (decrease) in cash
Cash balance, January 1, 20Y6
Cash balance, December 31, 20Y6
Schedule Reconciling Net Income with Cash Flows from Operating Activities:
Net income
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation expense
Loss on sale of investments
Net cash flow from operating activities
Problem 15-4A
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Section:
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[Key code here]
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Instructions
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1. Sales
Cash received from customers
2. Cost of goods sold
Cash payments for merchandise
3. Operating expenses other than depreciation
Cash payments for operating expenses
An asterisk (*) will appear to the right of an incorrect entry.
Cash flows from (used for) operating activities:
Net cash flow from operating activities 293,600$
Cash flows from (used for) investing activities:
Cash received from sale of investments 176,000$
Net cash flow used for investing activities (544,000)
Cash flows from (used for) financing activities:
Net cash flow from financing activities 214,400
Net increase (decrease) in cash
(36,000)$
Cash balance, January 1, 20Y6
679,400
Cash balance, December 31, 20Y6
643,400$
Schedule Reconciling Net Income with Cash Flows from Operating Activities:
Net income
217,200$
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation expense 44,000
Loss on sale of investments 64,000
Net cash flow from operating activities 293,600$
Problem 15-4A
Name:
Solution
Section:
Cells with non-gray backgrounds are protected and cannot be edited.
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
ON
Computations:
1. Sales 5,980,000$
2. Cost of goods sold 2,452,000$
3. Operating expenses other than depreciation 3,100,000$