for year-end 2014 Income Statement 2014 Revenue Expenses Depreciation Net Income

Question

for year-end 2014 Income Statement 2014 Revenue Expenses Depreciation Net Income Dividends $750 566 89 95 75 Balance Sheets End of Year 2014 2013 Assets Cash Other current assets Net fixed assets $56 $55 179 165 400 370 $635$ 590 Total assets Liabilities and Equity $125 $115 145140 365335 635 S 590 Long-term debt Stockholders' equity Total liabilities and equity$ Explain the change in Cash from 2013 to 2014 by constructing the Statement of Cash Flows for 2014 The total cash from operations, total cash from investing activities, total cash from financing activities in 2014 respectively were: a. CF from Operations: 91. CFfrom investing activities: 109: CF from financing activities: 70

Explanation / Answer

Cash flow :

so answer is d) CF from operations 180; CF from investing activities -119; CF from financing activities -60

Cash flow from operating activities net income 95 Adjustment to reconcile net income Depreciation 89 Increase in current assets (14) Increase account payable 10 Net cash flow from operating activities 180 Cash flow from investing activities Purchase of fixed assets (119) Net cash flow from investing activities (119) Cash flow from financing activities Loan taken 5 Dividend paid (75) Issue common stock 10 Net cash flow from financing activities (60)

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