Problem 16-2A
Instructions
Answers are entered in the cells with gray backgrounds.
An asterisk (*) will appear to the right of an incorrect entry. The optional work sheet will not be graded,
but is provided as an aid in determining amounts for the statement.
Net income
Adjustments to reconcile net income to net cash
flow from operating activities:
Depreciation
Changes in current operating assets and liabilities:
Net cash flow from operating activities
Net cash flow used for investing activities
Net cash flow used for financing activities
Cash at the beginning of the year
Cash at the end of the year
Optional:
Balance, Balance,
Dec. 31, 2013 Debit Credit Dec. 31, 2014
0%
[Key code here]
For the Year Ended December 31, 2014
Cash flows from operating activities:
Cells with non-gray backgrounds are protected and cannot be edited.
LANKAU ENTERPRISES INC.
Statement of Cash Flows
Name:
Section:
Score:
Key Code:
Cash flows from investing activities:
Cash flows from financing activities:
LANKAU ENTERPRISES INC.
Spreadsheet (Work Sheet) for Statement of Cash Flows
For the Year Ended December 31, 2014
Increase (decrease) in cash
Cash 269,700 219,900
Accounts receivable (net) 363,000 336,900
Problem 16-2A
Instructions
Answers are entered in the cells with gray backgrounds.
but is provided as an aid in determining amounts for the statement.
Net income 198,000$
Adjustments to reconcile net income to net cash
Optional:
Balance, Balance,
Dec. 31, 2013 Debit Credit Dec. 31, 2014
Cash 269,700 (l) 49,800 219,900
LANKAU ENTERPRISES INC.
Cells with non-gray backgrounds are protected and cannot be edited.
LANKAU ENTERPRISES INC.
ON
An asterisk (*) will appear to the right of an incorrect entry. The optional work sheet will not be graded,
Score:
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash flows from operating activities:
Spreadsheet (Work Sheet) for Statement of Cash Flows
For the Year Ended December 31, 2014
Name:
Section:
Solution
Less cash paid for purchase of equipment
Cash flows from financing activities:
Cash flows from investing activities:
Increase (decrease) in cash
Cash received from sale of common stock
Less cash paid for dividends
Accounts receivable (net) 363,000 (k) 26,100 336,900
Merchandise inventory 448,800 (j) 33,600 482,400