PLEASE DO NOT SOLICIT The financial statements of Pouchie Co. included the follo

Question

PLEASE DO NOT SOLICIT

The financial statements of Pouchie Co. included the following information for the year ended December 31, 2010 (amounts in millions):

IGNORE THIS BOX

THE OPTIONS TO SELECT FOR THE FOUR BOXES UNDER add(deduct) items not affecting cash... are:

Cash dividends declared and paid/Accounts receivable increase/Accounts payble increase/

Depreciation and amortization expense/Inventory decrease/Sale of building (HAVE TO SELECT ONE FOR EACH BOX AND THEN PUT AMOUNTS..JUST LABEL EACH BOX WITH ACCOUNT NAME AND NUMBER (1,2,3,4) have to be in order to get right

THE OPTIONS/ACCOUNT NAME FOR CASH FLOWS FROM INVESTING ACTIVITIES: Sale of building (book value)/Accounts payble increase/Inventory decrease/Depreciation and amortization expense/c/Purchase of equipment

label 1 and 2 with account name then amount

OPTIONS FOR CASH FLOWS FROM FINANCING ACTIVITIES: Common stock issued/Accounts receivable increase/Inventory decrease/Accounts payble increase/Depreciation and amortization expense/Cash dividends declared and paid (LABEL ONE AND TWO

Complete the following statement of cash flows, using the indirect method. (Enter your answers in millions. Amounts to be deducted and negative net cash amount should be indicated with minus sign. Omit the "$" sign in your response):

  Depreciation and amortization expense $ 269   Cash dividends declared and paid 337   Purchase of equipment 824   Net income 390   Beginning cash balance 107   Proceeds of common stock issued 171   Proceeds from sale of building (at book value) 205   Accounts receivable increase 10   Ending cash balance 57   Inventory decrease 38   Accounts payable increase 48

Explanation / Answer

Cashflow from operating activities:

Depreciation and amortization expense : 269

Accounts receivable increase: -10

Inventory decrease: 38

Accounts payble increase: 48

Net cash from operating activities: 735

Cashfrom from investing activities:

Purchase of equipment: -824

Sale of building (book value): 205

Net cash from investing activities: -619

Cashflow from financing activities:

Cash dividends declared and paid: -337

Common stock issued: 171

Net cash from financing activities: -166

Net decrease in cash for the year: 50

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