The financial statements for the JHJ store are below: 2013 Sales Cost of Goods Sold Gross Profit
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The financial statements for the JHJ store are below:
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2013 Sales Cost of Goods Sold Gross Profit Operating Expenses Salaries Rent Expense Depreciation Total Operating Expenses Net Operating Income Gain on Sale of Land Loss on Sale of Nike Stock Net Income Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Land Nike Stock Total Assets Accounts Payable Long Term Bond Payable Common Stock Retained Earnings Total Equity ITEM NET INCOME DEPR EX DECREASES IN CURRENT ASSET SOURCE INCREASES IN CURRENT LIAB LOSS ON SALE OF LT ASSET TOTALS PART I II CASH PROCEEDS FROM SALE OF LONGTERM ASSET TOTALS PART ISSUANCE OF STOCK III BALANCE SHEET 2013 2012 100,000 100,000 200,000 400,000 (200,000) RECEIPT OF LT LOAN INCOME STATEMENT 50,000 25,000 25,000 TOTALS PART BEGINNING CASH BALANCE 600,000 100,000 200,000 100,000 200,000 600,000 AMOUNT ITEM 500,000 200,000 300,000 I. CASH FLOWS FROM OPERATIONS NET LOSS 100,000 STATEMENT OF CASH FLOW TEMPLATE INDIRECT METHOD 200,000 200,000 INCREASES IN CURRENT ASSET LONGTERM ASSEST DECREASES IN CURRENT LIAB OF Gain ON SALE OF LT ASSET TREASURY STOCK II. CASH FLOWS FROM INVESTMENTS PURCHASE OF 2013 200,000 50,000 USE 1. Prepare statement of cash flow 2. Would you invest $1,000,000 in the company 300,000 600000 (225,000) 0 0 REPAYMENT OF LT LOAN 925,000 III. CASH FLOWS FROM FINANCING PURCHASE PAYMENT OF DIVIDENDS 75,000 350,000 150000 350,000 925000 AMOUNT IV. CHANGE IN CASH FLOW LESS ENDING CASH BALANCE Difference NET CHANGE 2 2013 Sales Cost of Goods Sold Gross Profit Operating Expenses Salaries Rent Expense Depreciation Total Operating Expenses Net Operating Income Gain on Sale of Land Loss on Sale of Nike Stock Net Income Cash Accounts Receivable Inventory Equipment Accumulated Depreciation Land Nike Stock Total Assets Accounts Payable Long Term Bond Payable Common Stock Retained Earnings Total Equity ITEM NET INCOME DEPR EX DECREASES IN CURRENT ASSET SOURCE INCREASES IN CURRENT LIAB LOSS ON SALE OF LT ASSET TOTALS PART I II CASH PROCEEDS FROM SALE OF LONGTERM ASSET TOTALS PART ISSUANCE OF STOCK III BALANCE SHEET 2013 2012 100,000 100,000 200,000 400,000 (200,000) RECEIPT OF LT LOAN INCOME STATEMENT 50,000 25,000 25,000 TOTALS PART BEGINNING CASH BALANCE 600,000 100,000 200,000 100,000 200,000 600,000 AMOUNT ITEM 500,000 200,000 300,000 I. CASH FLOWS FROM OPERATIONS NET LOSS 100,000 STATEMENT OF CASH FLOW TEMPLATE INDIRECT METHOD 200,000 200,000 INCREASES IN CURRENT ASSET LONGTERM ASSEST DECREASES IN CURRENT LIAB OF Gain ON SALE OF LT ASSET TREASURY STOCK II. CASH FLOWS FROM INVESTMENTS PURCHASE OF 2013 200,000 50,000 USE 1. Prepare statement of cash flow 2. Would you invest $1,000,000 in the company 300,000 600000 (225,000) 0 0 REPAYMENT OF LT LOAN 925,000 III. CASH FLOWS FROM FINANCING PURCHASE PAYMENT OF DIVIDENDS 75,000 350,000 150000 350,000 925000 AMOUNT IV. CHANGE IN CASH FLOW LESS ENDING CASH BALANCE Difference NET CHANGE 2
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Step 1 Cash Flow Statement Cash flow statement is the statement of inflows and outflows of cash during the given period of time In other words cash fl... View the full answer
Related Book For
Foundations of Finance The Logic and Practice of Financial Management
ISBN: 978-0132994873
8th edition
Authors: Arthur J. Keown, John D. Martin, J. William Petty
Posted Date:
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