calculate cash from operating activities using the indirect method for putul only 494511

The following information is from the comparative balance sheets of Discovery Tech Corporation at June 30, 2011 AND 2010

(IN THOUSANDS) AT June 30 2011 2010

Don't use plagiarized sources. Get Your Custom Essay on
calculate cash from operating activities using the indirect method for putul only 494511
For $10/Page 0nly
Order Essay

Current Assets:

Cash $2,750 $2,115

Accounts Receivable 3,000 2,750

Inventory 1,700 1,025

Prepaid Insurance 270 320

Total Current Assets $7,720 $6,210

Current Liabilitieis

Accounts payable $1,800 $1,750

Salaries Payable $3,750 $3,150

Total Current Liabilities $5,550 $4,900

Net income for the year ended Jan 30, 2011, was $425,000. Depreciation expense of $105,000 was included in the operating expenses for the year.

Requirement

Use the indirect method to prepare the cash from operations section of the statement of cash flows for Discovery Tech Corportation for the year ended June 30, 2011

Document Preview:

Sheet3 Sheet2 Sheet1 A B C D E G H Name Section F End of Problem Cash from operations: Cash from customers Net increase in cash from operations Statement of Cash Flows Cash paid for taxes Cash from investing activities Purchase of equipment Cash from financing activities Payment of dividend Net increase in cash Net income Decrease in supplies Decrease in accounts receivable Decrease in wages and salaries payable Increase in taxes payable Cash from operating activities Add depreciation Cash paid for advertising Cash paid for employees Cash paid for rent Dividends paid Free cash flow equals Amount Formula 1 Formula 2 Formula 3 Formula 4 Formula 5 Type answers starting here Problem 9-49A Cash paid for supplies Craig’s Service Company For the Year Ended December 31, 2011 Part 1. Direct method Part 1. Indirect method Parts 2,3,4 Part 5. Increase in prepaid advertising Reimers, Financial Accounting 3e 5.00 6.00 7.00 8.00 9.00 10.00 $94,000.00 11.00 12.00 13.00 14.00 15.00 16.00 17.00 18.00 19.00 20.00 21.00 22.00 23.00 24.00 25.00 26.00 27.00 28.00 29.00 $5,460.00 30.00 31.00 32.00 33.00 34.00 35.00 36.00 37.00 38.00 39.00 40.00 41.00 42.00 43.00 44.00 45.00 46.00 47.00 48.00 49.00 50.00 CyberCoach: $10,610 Sheet3 Sheet2 Sheet1 A B C D E G H Name Section F End of Problem Cash from operations: Cash from customers Net increase in cash from operations Statement of Cash Flows Cash paid for taxes Cash from investing activities Purchase of equipment Cash from financing activities Payment of dividend Net increase in cash Net income Decrease in supplies Decrease in accounts receivable Decrease in wages and salaries payable Increase in taxes payable Cash from operating activities Add depreciation Cash paid for advertising Cash paid for employees Cash paid for rent Dividends paid Free cash flow equals Amount Formula 1 Formula 2 Formula…

Attachments:

admin

Recent Posts

Economic Debate #3- Progressive Income Tax – The Homework Helper

Economic Debate- Progressive Income Tax For this Economic Debate, we are going to discuss the…

2 years ago

MKT 6120 – Marketing Management – Davis Learning Engagement #7

TOPIC: Going Global Discussion Thread 1 (initial post due Wednesday for full credit) Please note:…

4 years ago

jvjvjhvjhvhjvj

Assignment Topic This week will culminate in the creation of a narrated PowerPoint to create…

4 years ago

Students are supposed to select a technological organization of their choice.

The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted…

4 years ago

Increases the risk of wildfires

you need to post your 2-page information flier to share with your Final Project Group.…

4 years ago

Statistics for Technology management

discussion: Discuss the methods used at your company to measure and ensure quality products and…

4 years ago