Analyzing the same company, based on the additional information (attached) please use the information below to make a statement of cash flows.
Statues Inc. has the following sales budget for the second of the current year
August 15, 2017ABC Company is a company that employs only people with physical or mental disabilities. One of the organization’s activities is to make cookies for its snack food store.
August 15, 2017Analyzing the same company, based on the additional information (attached) please use the information below to make a statement of cash flows.
Problem:
Analyzing the same company, based on the additional information (attached) please use the information below to make a statement of cash flows.
The beginning cash balance is $16,700.
Use the Net Income from Sect 2.
Use depreciation expense of Sect 2.
During the year 12, Inventory increases by $42,500.
During the year 12, Land increases by $400,000.
During the year 12, Long-Term Debts increase by $350,000.
During the year 12, the company made a secondary offering of stock and raised an additional $150,000.
During the year 12, the company had paid $15,000 in dividends.
Using the Indirect Method, prepare a statement of cash flows for the company in good format and compare two financial statements between the income statement and statement of cash flows. Create a statement of cash flows and compare cash flows with net income.
