ACCT 2210-03 (Fall 2017) Test:problems This Question: 25 pts This Test: 80 pts p

Question

ACCT 2210-03 (Fall 2017) Test:problems This Question: 25 pts This Test: 80 pts possible Trainer Exercise Equipment, inc. reported the folowing feancial stabements for 2018 method-r the year ended D Prepare the company's statement of oash ows-ndirect (click the icon to view the comparaive balance sheet ) (Click the lcon to view adoitional information) Statement of Cash Flows Year Ended December 31,2018 Cash Flows trom Operating Aivtes djustmerts to Reconcie Net income to Net Cash Provided by (Used for) Operaling Acivs Choose from any list or enter any number in the input fields and then continue to the nest question

Explanation / Answer

Trainer Exercise Equipment, Inc cash flow statement for the year ended dec31,2018 Amount in $ Net income 139000 Add: Depreciation 46000 Less:Increse In accounts receivables -5000 Add: decrese in inventory 6000 Add: increse in Accounts payables 4000 Less: decrese in Salaries payables -3500 47500 Cash flow from Operating activities 186500 Cash flow from Investing activites cash outflow from investments made (100,000-75000) -25000 cash outflow for Acquisition of Assets -87000 Net Cash flow from Investing activites -112000 Cash flow from Financing activites payment to note payables (68000-60000) -8000 issue of common stock (43000-36000) 7000 Dividends paid (221000+139000-291500) -68500 Net Cash flow from Financing activites -69500 Net increse /(Decrese) in cash flow 5000 Opening cash balance 14000 Closing Cash balance 19000

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