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LIVERS INC. Statement of Cash Flows For the Year Ended December 31, 20Y3 Cash flows from...

LIVERS INC.
Statement of Cash Flows
For the Year Ended December 31, 20Y3
Cash flows from operating activities:
Net income   
Adjustments to reconcile net income to net cash
flow from operating activities:
Depreciation   
Loss on inventory write down and fixed assets Gain on sale of investments   
Changes in current operating assets and liabilities:
Increase in accounts receivable   
Increase in inventories   
Increase in accounts payable   
Decrease in accrued expenses payable   
Net cash flow from operating activities   
Cash flows from investing activities:
Cash received from sale of investments   
Cash paid for purchase of land   
Cash paid for purchase of equipment   
Net cash flow used for investing activities   
Cash flows from financing activities:
Cash received from sale of common stock   
Cash paid for dividends   
Net cash flow from financing activities   
Change in cash   
Cash at the beginning of the year   
Cash at the end of the year   
Optional:
LIVERS INC.
Spreadsheet (Work Sheet) for Statement of Cash Flows
For the Year Ended December 31, 20Y3
Balance, Transactions Balance,
Dec. 31, 20Y2 Debit Credit Dec. 31, 20Y3
Cash 150,000 155,000
Accounts receivable (net) 400,000 450,000
Inventories 750,000 770,000
Investments 100,000 -
Land - - 500,000
Equipment 1,200,000 1,400,000
Accum. depr. - equipment (500,000) (600,000)
Accounts payable (300,000) (340,000)
Accrued expenses payable (50,000) (45,000)
Dividends payable (25,000) (30,000)
Common stock, $4 par (600,000) (700,000)
Paid-in capital in excess of par (175,000) (200,000)
Retained earnings (950,000) (1,360,000)
Totals - -
Operating activities:
Net income
Depreciation
Gain on sale of investments
Increase in accounts receivable
Increase in inventories
Increase in accounts payable
Decrease in accrued expenses payable
Investing activities:
Purchase of equipment
Purchase of land
Sale of investments
Financing activities:
Declaration of cash dividends
Sale of common stock
Increase in dividends payable
Net change in cash
Totals

Solutions

Expert Solution

Statement of Cash Flow
Particulars Amount Total Amount
Income = 410000+30000             440,000.00
Depreciation             100,000.00
Increase in AR             (50,000.00)
Increase in inventory             (20,000.00)
Increase in AP                40,000.00
Decrease in accrued expenses payable                (5,000.00)
Cash flow from operating activities           505,000.00
Cash flow from Investing activities
Sale of invt             100,000.00
Purchase of Land           (500,000.00)
Sale of PPE           (200,000.00)
Cash flow from Investing activities         (600,000.00)
Cash flow from Financing activities
Issue of Stock             100,000.00
Issue of additional Paid in capital                25,000.00
Dividends Paid             (25,000.00)
Cash flow from Financing activities           100,000.00
net change in cash and cash equivalents                5,000.00
Opening cash and cash equivalents           150,000.00
Closing cash and cash equivalents           155,000.00

ekkarill92 answered 2 years ago
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