Financial Accounting

PE 164B
gold hightail its from in operation(p) activities:
Net income$393,750
Adjustments to reconcile solve income to net exchange
flow from operating activities:
Depreciation67,500
Loss on disposal of equipment27,450
Changes in current operating assets and liabilities:
Increase in accounts receivable(24,300)
Increase in accounts account payable12,600
Net cash flow from operating activities$477,000


Ex. 163



a. investing
b.financing
c.financing
d.financing
e.financing
f.financing
g.investing
h.investing
i.investing
j.financing
k.operating

Ex. 164

a.deducted
b.deducted
c.added
d.added
e.added
f.added
g.added
h.deducted
i.deducted
j.deducted
k.added




Ex. 167

a. hard currency flows from operating activities:

Net income$190,500
Adjustments to reconcile net income to net cash
flow from operating activities:
Depreciation21,600
Gain on disposal of equipment(12,600)
Changes in current operating assets and liabilities:
Increase in accounts receivable(3,360)
precipitate in inventory1,920
Decrease in prepaid insurance policy720
Decrease in accounts payable(2,280)
Increase in income taxes payable720
Net cash flow from operating










Ex.



1611

Cash flows from investing activities:
Cash received from cut-rate sale of land$68,250
Less: Cash paid for purchase of land74,500

(The gain on the sale of land, $22,650, would be deducted from net income in determining the cash flows from operating activities if the indirect method of reporting cash flows from operations is used.)

Ex. 1612

Cash flows from financing activities:
Cash received from sale of familiar entrepot$1,755,000
Less: Cash paid for dividends260,550

Note: The stock dividend is not disclosed on the statement of cash flows.
activities$197,220





























Ex. 1617

a.
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