ACCT2140 MOD4 CH16 HW LK
CH 16 Homework Module Four ACCT2140 Lois King
EX 16-5
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash flow from operating activities:
Net Income
$92,000
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation
18,600
Changes in accounts receivable:
Increase in accounts receivable
(1,200)
Decrease in inventory
1,900
Increase in prepaid expenses
(500)
Increase in accounts payable
3,100
Decrease in wages payable
(2,200)
Net cash flow from operating activities:
111,700
Cash flows from financing activities
Less: Wages payable
2,200
Net cash flow used for financing activities
109,500
Increase in cash
2,500
Cash at beginning of year
44,200
Cash at end of year
46,700
EX 16-16
a.
JONES SODA CO.
Cash Flows from Operating Activities
(in thousands)
Cash flows from operating activities:
Net income
$1,330
Adjustments to reconcile net income to net
cash flow from operating activities:
Depreciation
193
Stock-based compensation expense
20
Changes in current operating assets and liabilities:
Increase in accounts receivable
(1,328)
Increase in inventories
(1,550)
Increase in prepaid expenses
(124)
Increase in accounts payable
686
Net cash flow used in operating activities
($773)
b.
After calculating the results per the adjustments and changes of the Cash Flows from Operations Activities, it has been concluded that there is a loss of $773.
PR 16-2A
PORTABLE LUGGAGE COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2008
Cash flows from operating activities:
Net income $ 204,800
Adjustments to reconcile net income to
EX 16-5
Statement of Cash Flows
For the Year Ended December 31, 2014
Cash flow from operating activities:
Net Income
$92,000
Adjustments to reconcile net income to net cash flow from operating activities:
Depreciation
18,600
Changes in accounts receivable:
Increase in accounts receivable
(1,200)
Decrease in inventory
1,900
Increase in prepaid expenses
(500)
Increase in accounts payable
3,100
Decrease in wages payable
(2,200)
Net cash flow from operating activities:
111,700
Cash flows from financing activities
Less: Wages payable
2,200
Net cash flow used for financing activities
109,500
Increase in cash
2,500
Cash at beginning of year
44,200
Cash at end of year
46,700
EX 16-16
a.
JONES SODA CO.
Cash Flows from Operating Activities
(in thousands)
Cash flows from operating activities:
Net income
$1,330
Adjustments to reconcile net income to net
cash flow from operating activities:
Depreciation
193
Stock-based compensation expense
20
Changes in current operating assets and liabilities:
Increase in accounts receivable
(1,328)
Increase in inventories
(1,550)
Increase in prepaid expenses
(124)
Increase in accounts payable
686
Net cash flow used in operating activities
($773)
b.
After calculating the results per the adjustments and changes of the Cash Flows from Operations Activities, it has been concluded that there is a loss of $773.
PR 16-2A
PORTABLE LUGGAGE COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2008
Cash flows from operating activities:
Net income $ 204,800
Adjustments to reconcile net income to