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StatementofCashFlows
PROBLEMS
PROBLEM10-1
CashFlowsClassification
EffectonCash
_________Data___________
Operating
Activity
Investing
Activity
Financing
Activity
Increase
Decrease
Non-cash
Trans-
action
insurance
stock
usingnotespayable
usingcash
taxes
usingcash
cash
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
PROBLEM10-2
CashFlowsClassification
EffectonCash
Data
Operating
Activity
Investing
Activity
Financing
Activity
Increase
Decrease
Non-cash
Trans-
action
,
payingcash
stock
usingcommonstock
commonstock
payable
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
X
PROBLEM10-3
a. BBBCompany
StatementofCashFlows
FortheYearEndedDecember31,2005
Cashflowsfromoperatingactivities:
Netincome $500
Noncashexpenses,revenues,losses,and
gainsincludedinincome:
Depreciation $2,800
Gainonsaleofland (800)
Decreaseinaccountsreceivable 400
Decreaseininventory 500
Increaseinaccountspayable 800
Increaseinwagespayable 50
Decreaseintaxespayable (1,000) 2,750
Netcashflowfromoperatingactivities 3,250
Cashflowsfrominvestingactivities:
Landwassoldfor 1,800
Equipmentwaspurchasedfor (3,500)
Netcashusedforinvestingactivities (1,700)
Cashflowsfromfinancingactivities:
Dividendsdeclaredandpaid (4,350)
Commonstockwassoldfor 3,800
Netcashusedforfinancingactivities (550)
Netincreaseincashandmarketablesecurities $1,000
b. .
Thecashfromissuingthecommonstockwassufficienttocoverthenetcashusedforinvestingactivities,increasethecashandmarketablesecuritiesaccounts,andpartiallycoverthelargecashdividend.
Thefactthatalong-termsourceoffunds(commonstock).
PROBLEM10-4
FrishCompany
a. ScheduleofChangeFromAccrualTo
CashBasisIncomeStatement
AccrualBasisAdjustmentsAdd(Subtract)CashBasis
Netsales$640,000 Increaseinaccounts
receivable($27,000)$613,000
Lessexpenses:
Costofgoods
sold 360,000 Increaseinaccounts
payable(15,000)
Increaseininven-
tories 35,000
Depreciationexpense(15,000)365,000
Sellingand
administrative
expense43,000 Decreaseinprepaid
expenses (1,000)
Increaseinaccrued
liabilities (3,000)
Depreciationexpense(5,000)34,000
Otherexpense 2,000 Amortizationof
goodwill (3,000)
Amortizationofbond
premium1,000-0-
Incomebefore_______
income
taxes 235,000 214,000
Incometax 92,000 Decreaseinincome
taxespayable 10,000102,000
Netincome$143,000 $112,000
b. (1) DirectApproach
Receiptsfromcustomers $613,000
Paymentstosuppliers (365,000)
Sellingandadministrativeexpenses (34,000)
Incometaxespaid (102,000)
Cashflowsfromoperatingactivities $112,000
(2) IndirectApproach
Netincome $143,000
Add(deduct)itemsnotaffectingcash
Depreciation 20,000
Amortizationofgoodwill 3,000
Amortizationofbondpremium (1,000)
Increaseinaccountsreceivable (27,000)
Increaseinaccountspayable 15,000
Increaseininventories (35,000)
Decreaseinprepaidexpenses 1,000
Increaseinaccruedliabilities 3,000
Decreaseinincometaxespayable (10,000)
Cashflowfromoperatingactivities $112,00
PROBLEM10-5
a. TheincomestatementandotherselecteddatafortheBoyerCompanyisshownbelow.
BoyerCompany
ScheduleofChangeFromAccrualTo
CashBasisIncomeStatement
AccrualBasis
Adjustments
Add
(Subtract)
Cash
Basis
Sales
$19,000
Increaseinreceivables
(400)
$18,600
Lessoperatingexpenses:
Depreciation
2,300
Depreciationexpense
(2,300)
-0-
Otheroperatingexpenses
12,000
Increaseininventories
Increaseinaccounts
payable
800
(500)
12,300
Operatingincome
4,700
6,300
Lossonsaleofland
1,500
Lossonsaleofland
(1,500)
__-0-
Incomebeforetax
expense
3,200
6,300
Taxexpense
1,000
Decreaseinincome
taxespayable
400
1,400
Netincome
$2,200
$4,900
b. (1)
DirectApproach
Receiptsfromcustomers $18,600
Paymentstosuppliers (12,300)
Incometaxespaid (1,400)
Cashflowfromoperatingactivities $4,900
(2) IndirectApproach
Netincome $2,200
Add(deduct)itemsnot
affectingcash:
Depreciation $2,300
Increaseinreceivables (400)
Increaseininventories (800)
Increaseinaccountspayable 500
Lossonsaleofland 1,500
Decreaseinincometaxespayable (400) 2,700
Cashflowfromoperatingactivities $4,900
PROBLEM10-6
a. SampsonCompany
StatementofCashFlows
FortheYearEndedDecember31,2005
Netcashflowfromoperatingactivities:
Netincome $19,000
Noncashexpenses,revenues,losses,and
gainsincludedinincome:
Depreciationexpense $10,000
Increaseinnetreceivables (7,000)
Increaseininventory (13,000)
Increaseinaccountspayable 5,000
Decreaseinaccruedliabilities (17,000)
Netcashoutflowfromoperating
activities (3,000)
Cashflowsfrominvestingactivities:
Plantassetsincrease (15,000)
Cashflowsfromfinancingactivities:
Mortgagepayableincrease $11,000
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