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Statement of Cash Flows

Direct method cash flow statement

The following is a comparative balance sheet for Top Ten Clothiers Inc. for the years 2011 and 2010: TOP TEN CLOTHIERS INC. Comparative Balance Sheets December, 31, 2011 and 2010 2011 2010 Assets Cash 43,000 240,000 Accounts receivable 390,000 210,000 Inventory 360,000 450,000 Long-term in

Cash flows

Your company currently sells oversized golf clubs. The Board of Directors wants you to look at replacing them with a line of super-sized clubs. Briefly explain whether the following are relevant cash flows to this analysis and if so, how those cash flows can affects any decision. a. $300,000 drop in sales from terminatin

Negative Cash Flows

Upon studying its statement of cash flows, you note that over the last three years a firm has consistently reported negative cash flow from operating activities, positive cash flow from investing activities, and negative cash flow from financing activities. What does this combination of cash flows suggest to you about the firm?

Closely Held Corporation: Prepare a Statement of Cash Flows

Preparation of Statement of Cash Flows Below is the income statement and balance sheet of Closely Held Corporation. From this information prepare a statement of cash flows for the year ended September 30, 2005. Income Statement for year ended September 30, (in thousands) 2004 2005 Revenues

Statement of Cash Flows - Indirect Method Problem

Set forth below are the balance sheets of Fairchild & Johnson Products, Inc. as of December 31, 2009 and 2008, and the company's income statement and certain additional information for the year ended December 31, 2009. Prepare in good form a statement of cash flows for Fairchild & Johnson using the indirect method for the y

Cash Flow Analysis: Elaborate, Comment and Recommendations

See the attached file. From the Spreadsheet which I uploaded I need answer this questions Exercise: 1.Elaborate the Cash-flow from the Spreadsheet 2.- Comment the P&L, Balance sheet and Cash-Flow 3.- Recommendations for the Shareholders. Note: From the uploaded File Prueba CFO I need to write

Cash flow statement purposes

The primary purpose of a statement of cash flows is to provide relevant information about the cash receipts and cash payments of a company during a specific time period. The other financial statements do not provide any information related to the cash flows of the company. Thus, the Financial Accounting Standards Board require

Operating Cash Flows: Example Problem

The operating section of cash flow includes which of the following: a. payments to employees b. proceeds from sale of long term assets c. payment to owners for stock d. repayment of long term debt

Statement of Cash Flows Prepared

See attached Excel format of problem. Please prepare a cashflow statement based upon the following information. Assets Cash $ 30,000 $15,000 Accounts receivable 18,000 14,000 Prepaid expenses 6,000 9,000 Inventory 35,000 15,000 Long-term investments-0- 18,000 Equipment 60,000 30,000 Accumulated de

Change in Cash flow statement

Please determine the change in cash based upon the following information. Please explain your answer. Net Loss $15,000 Accounts Receivable $6,000 increase Inventory $3,000 increase Equipment $11,000 decrease Accumulated Depreciation $4,000 increase Accounts Payable $9,000 increase Notes Payable $4,000 in

Change in Cash to Financing Activities on Cash Flow Statement

Please determine the change in cash to the financing activities of the following cash flow statement. Please explain your answer. I am confused about Common stock, but included in my answer. Assets 12/31/2009 12/31/2008 Cash $70,000 $40,000 $30,000 Accounts Receivable $10,000 $13,000 $(3,000) Inventory $

Change in Cash flow statement

Please determine the overall change in cash for the following. Please explain your answer. Account Change Accounts Receivable ($5,000) Supplies $1,000 Inventory $3,000 Prepaid Rent ($2,000) Fixed Assets $18,000 Accumulated Depreciation $4,000 Accounts Payable $3,000 Accrued Expenses ($1,000) Notes Paya

Overall change in cash

Please determine the overall change in cash for the following. Please explain your answer. Accounts receivable increased $5,000 Inventory decreased $8,000 Office supplies decreased $2,000 Other current assets increased $7,000 Fixed assets increased $20,000 Accounts payable decreased $15,000 Bonds payable d

Change in Cash due to Financing Activities on Cash Flow Statement

Please determine the change in cash to the Financing activities of the following cash flow statement. Please explain your answer. Assets 12/31/2011 12/31/2010 Cash $367,000 $329,000 $38,000 Accounts Receivable $80,000 $83,000 $(3,000) Inventory $213,000 $199,000 $14,000 Prepaid Expenses $25,000

Statement of cash flows- classification

The following selected account balances relate to the plant asset accounts at year end. 2008 2007 accumulated depreciation-buildings 337,500 300,000 accumulated depreciation- equipment 144,000 96,000 buildings

Preparation of a statement of cash flows

Preparation of a Statement of Cash Flows- Presented below is a condensed version of the comparative balance sheets for Garcia Corporation for the last two years at December 31. 2008 2007 Cash $442,500 $195,000 Ac

Problems: Operating Leverage, cost allocation; cost flow; process cost system

Provide solutions, to include formulas and "how tos" to be used as a guide in the attached Excel Sheets. Problem 15-23A - Analyzing operating leverage Norm Champion is a venture capitalist facing two alternative investment opportunities. He intends to invest $500,000 in a start-up firm. He is nervous, however, about futu

Alberto Ltd; PDP Statement of Cash flows; partnership profits

1. CONCEPTUAL FRAMEWORK Alberto Ltd is seeking your advice on how to account for the following transactions, in line with the conceptual framework and other relevant documents. Discuss and explain your recommended treatment of each of the situations below. Prepare any journal entries where necessary: A. CONCEPTUAL F

Prepare a comprehensive statement of cash flows - indirect

See attached file. INSTRUCTIONS: Prepare a statement of cash flows for the year ended October 31, 2011, using the indirect method of reporting cash flows from operations. The following schedule shows the account balances of Beneficio Corporation at the beginning and end of the fiscal year ended October 31, 2011.

Young & Price: Statement of Cash Flows for Cabrillo Corp.

1. You are a CPA at Young & Price, LLP tasked with preparing the 2009 financial statements for one of your firm's clients, Cabrillo Corp. Use the following information that you obtained from the 2009 balance sheet and income statements to calculate the company's overall change in cash for 2009. Accounts receivable increase

Evergreen, Inc: Preparing a Statement of Cash Flows

You are an accountant at Evergreen, Inc and your boss (the CFO) has asked you to prepare the company's statement of cash flows for an upcoming shareholders meeting. He gave you the company's 2009 comparative balance sheet Use to calculate the change in cash due to operating, financing, & investing activities. December 31,

Cash flow from operating activities.

Calculate Penguin's cash flow from operating activities Penguin's Comparative Balance Sheets December 31, 2009 Assets 12/31/2009 12/31/2008 Cash $8,000 $6,000 Accounts Receivable $2,000 $1,000 Inventory $2,000 $3,000 Investments

Cash flows from financing activities

See attached file. You are the CPA for Penguin's Ice Cream, a small local ice cream shop. Penguin's would like to apply for a small business loan, and the bank requires the company provide a statement of cash flows to prove its credit worthiness. Use the attached comparative balance sheet to calculate Penguin's cash flows

Calculating Net Cash Flow on Sale of Assets: Michael's

Michael's Craft Supplies purchased some fixed assets 2 years ago at a cost of $38,700. It no longer needs these assets so it is going to sell them today for $25,000. The assets are classified as 5 year property for MACRS. What is the net cash flow from this sale if the firms tax rate is 30%? MACRS 5 Year Property Year