Example 3- 1 ( page 80)
2. Timberline Inc. had the following current accounts last year.
($ 000) Beginning Ending
Cash $ 175 $ 238
Accounts payable $ 205 $ 182
Accounts receivable 1,456 2,207
Accruals 95 83
Inventory 943 786
Current assets $ 2,574 $ 3,231
Current liabilities $ 300 $ 265
In addition, the company had sales revenues of $ 9,453,000 and costs and expenses ( including interest and tax) of $ 7,580,000.
Depreciation of $ 1,462,000 is included in the cost and expense figures.© BrainMass Inc. brainmass.com October 2, 2020, 5:42 am ad1c9bdddf
See excel attached for operating cash flow section, mini balance sheet and "rule" to help you discern the reconciling items for the indirect presentation of the operating section of the cash flow statement. Click in cell to see formulas.
Cash from ...
This solution helps with a problem involving a cash flow statement for a company.