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, 20Y9
Cash balance, December 31, 20Y9
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
Changes in current operating assets and liabilities:
Net cash flow from operating activities
Computations:
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
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Merrick Equipment Co.
Statement of Cash Flows
For the Year Ended December 31, 20Y9
[Key code here]
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Instructions
Problem 15-5B
Name:
Section:
An asterisk (*) will appear to the right of an incorrect entry.
Cash flows from (used for) operating activities:
Net cash flow from operating activities 154,260$
Cash flows from (used for) investing activities:
Cash paid for purchase of equipment
Cash paid for purchase of land
Net cash flow used for investing activities (284,580)
Cash flows from (used for) financing activities:
Cash received from sale of common stock 250,000$
(96,900)
Net cash flow from financing activities 153,100
Cash payments for income taxes
Cash payments for merchandise
Cash payments for operating expenses
Net increase (decrease) in cash
22,780$
Cash balance, January 1, 20Y9
47,940
Cash balance, December 31, 20Y9 70,720$
Schedule Reconciling Net Income with Cash Flows from Operating Activities:
Net income
141,680$
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation expense 14,790
Loss on sale of investments 10,200
Net cash flow from operating activities
154,260$
Computations:
Increase in accounts receivable
2. Cost of goods sold 1,245,476$
Increase in inventories
Increase in accounts payable
For the Year Ended December 31, 20Y9
Merrick Equipment Co.
Statement of Cash Flows
Cash paid for dividends
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Instructions
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ON
Problem 15-5B
Name:
Solution
Section: