Question

(a) Using the letters provided, indicate how each of the items should be reported in an Enterprise Fund statement of cash flows for Kauffman County.
1. Cash received from sales to public . . . . . . . . . . . . . . $ 3,000,000
2. Cash received from sales to other departments . . . . . . . 500,000
3. Cash paid to employees . . . . . . . . . . . . . . . . . . . 700,000
4. Cash paid to suppliers . . . . . . . . . . . . . . . . . . . . 1,200,000
5. Cash paid in lieu of taxes (not based on services provided). . 50,000
6. Cash received from operating grants . . . . . . . . . . . . . 1,000,000
7. Cash paid for equipment . . . . . . . . . . . . . . . . . . . 1,500,000
8. Cash received from sale of equipment (gain of $10,000) . . 100,000
9. Cash received from short-term borrowing for working capital. . 25,000
10. Cash received from sale of unrestricted investments to finance
upcoming equipment purchases . . . . . . . . . . . . . . . . 80,000
11. Cash received from capital grants . . . . . . . . . . . . . 14,000,000
12. Cash paid for interest on bonds issued to finance plant
expansion . . . . . . . . . . . . . . . . . . . . . . . . . . . 600,000
13. Capital assets donated by developers. . . . . . . . . . . . . 5,000,000
14. Purchase of investments from cash restricted for retirement
of capital bonds . . . . . . . . . . . . . . . . . . . . . . . . 100,000
15. Cash paid in discretionary transfer to General Fund to finance
general capital asset purchases . . . . . . . . . . . . . . . . . 75,000
16. Interest received on unrestricted investments . . . . . . . . 44,000
17. Interest received on investments restricted for capital asset
purchases (The interest is restricted.) . . . . . . . . . . . . . . 79,000
18. Cash received from sale of bonds to construct new plant . . 15,000,000
19. Unrestricted cash, beginning of year . . . . . . . . . . . . 3,300,000
20. Restricted cash, beginning of year . . . . . . . . . . . . . . 1,200,000
A 5 Cash flows from operating activities  
B 5 Cash flows from noncapital financing activities  
C 5 Cash flows from capital and related financing activities  
D 5 Cash flows from investing activities  
E 5 Significant noncash financing and investing activities  
F 5 Other (Explain.)
(b) Using the information in (a), prepare the statement of cash flows for this Kauffman County Enterprise Fund. (A reconciliation of operating income is not required because sufficient data are not provided.) Assume 20X5 is the year.



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  • CreatedOctober 25, 2014
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