Prepare a statement of cash flows using indirect method

Assignment Help Accounting Basics

Reference no: EM131026053

Can you please show me the solution step by step and also included the whole calculation ; i need to understand the solution to solve another one on my own ,

Prepare a statement of cash flows using indirect method:

CADET COMPANY Comparative Balance Sheets December 31


	2012	2011
Assets	78700	33400
Cash	72790	37000
Accounts Receivable	121900	102650
Long Term Investments	89500	107000
Plant Assets	320000	205000
Accumulated Depreciation	49500	40000
Total	633570	445050

Liabilities&Stockholders Equity
Accounts Payable	57700	48280
Accrued Expense Payable	15100	18830
Bonds Payable	140000	70000
Common Stock	250000	200000
Retained Earnings	170770	107940
Total	633570	445050

CADET COMPANY Income Statement Data December 31 2012
CADET COMPANY Income Statement Data December 31 2012
Sales		294500
Gain on Sale of plant assets		3000
		297500

Less:
COGS	104460
Operating Expenses, excluding deppreciation expense	14670
Deppreciation Expense	35500
Income Taxes	32100
Interest Expense	2940	189670
Net Income		107830

1) New plant assets costing 151000 $ were purchased for cash during the year.

2) Investments were sold at cost.

3) Plant assets costing 36000 $ and accumulated deppreciation of 26000 $ were sold for 13000 $.

4) A cash dividend of 45000 $ was declared and paid during the year.

INSTRUCTIONS: Prepare a statement of cash flows using indirect method.

Reference no: EM131026053

Questions Cloud

What is minimum slew-rate specification allowed for op amp : Suppose that we want to design an amplifier that can produce a 100-kHz sine-wave output having a peak amplitude of 5 V. What is the minimum slew-rate specification allowed for the op amp?

How do you understand your relationship to various privilege : How do you understand your relationships to various forms of privilege and oppression? How do you understand yourself in relation to group membership?

Find the three-db bandwidth for each alternative : The second alternative is to cascade two non-inverting stages, each having a gain of 10. Op amps having a gain bandwidth product of 106 are to be used. Write an expression for the gain as a function of frequency for each alternative. Find the 3-dB..

Determine minimum gain bandwidth specification required : We need a non-inverting amplifier that has a dc gain of 10, and the gain magnitude at 10 kHz must be not less than 9. Determine the minimum gain bandwidth specification required for the op amp.

Prepare a statement of cash flows using indirect method : Can you please show me the solution step by step and also included the whole calculation ; i need to understand the solution to solve another one on my own ,

Develop scenario in which a person who is convicted a crime : develop a short scenario in which a person who is convicted of a specific crime encounters limited opportunities regarding employment and business opportunities, government benefits, and even social acceptance of that conviction.

Implementing a decision : Which of the following actions should you avoid when implementing a decision?

Preparing your decision-making team''s meeting schedule : Preparing your decision-making team's meeting schedule. What location would be the best for your next four-hour meeting?

Restructure the accounting department : Jason is deciding whom to invite to the initial meetings of a team that is deciding how to restructure the accounting department. His core team includes the four accountants who were involved with the original restructuring decision. Jason is conside..

User Account

All Pages