Analisis De Etados Financieros
Enviado por marindeliza • 6 de Mayo de 2014 • 247 Palabras (1 Páginas) • 190 Visitas
•
WYATT CORPORATION
Statement of Cash Flows
For the Year Ended December 31, Year 10
Cash flows from operating activities
Net income * $186,000
Add (deduct) adjustments to cash basis
Depreciation expense 246,000
Gain on sale of equipment ** (4,000)
Increase in accounts receivable (111,000)
Increase in inventories (218,000)
Increase in accounts payable 103,000
Decrease in income taxes payable (25,000)
Increase in other payables 92,000
Net cash flow from operating activities $269,000
Cash flows from investing activities
Proceeds from sale of equipment 34,000
Additions to plant and equipment (212,000)
Net cash used by investing activities (178,000)
Cash flows from financing activities
Issuance of stock 17,000
Dividends (74,000)
Reduction of debt (17,000)
Net cash provided by financing activities (74,000)
Net increase in cash $ 17,000
Cash balance, December 31, Year 9 175,000
Cash balance, December 31, Year 10 $192,000
• Notes:
* Determination of Year 10 net income:
Retained earnings, 12/31/Year 10 $1,638,000
Retained earnings, 12/31/Year 9 (1,526,000)
112,000
Plus: Dividends paid 74,000
Year 10 net income $ 186,000
**Derivation of gain on sale of equipment:
Accumulated depreciation, 12/31/Year 9 $ 916,000
Depreciation expense 246,000
$1,162,000
Accumulated depreciation, 12/31/Year 10 (1,131,000)
Accumulated depreciation
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